2013-2014 Annual Report Table of Contents

Our Mission & Values 1

Message from the Interim Chairperson 2

Role of the Trust & Trustees 4

Board of Trustees 6

First Nations Trust: A Timeline of its Development 8

A Commitment to First Nations Development 10

Use of First Nations Trust Funds 12

Designated Allocations 14

Financial Statements 19 Mission, Vision, & Values

Mission First Nations Trust is responsible for the distribution of the First Nation’s share of SIGA and SGC Casino profits to Saskatchewan First Nations for specified uses that benefit their communities.

Vision First Nations Trust will strive to maintain a trusting relationship with First Nations based on integrity, confidentiality and mutual respect in order to assist them in making a positive difference in the lives of First Nations people, their children and their children’s children.

Values Integrity The First Nations Trust conducts business with uncompromising integrity. Effectiveness The First Nations Trust has an intense focus on understanding and meeting the needs of our beneficiaries. Quality Teamwork We work as a team to fulfill expectations and to protect the interests of our beneficiaries.

1 Message from the Interim Chairperson

On behalf of the Board of Trustees for the First Nations Trust, I am pleased to present the 2013-2014 Annual Report. The Annual Report covers all operations of the Trust for the fiscal period April 1, 2013 to March 31, 2014. As a Board, we are pleased to have yet another unqualified audit which means a clean audit. As Trustees, we take seriously our responsibility of fiscal openness and transparency while fulfilling our fiduciary responsibility to the beneficiaries who are the First Nations of Saskatchewan. We are also proud to maintain an efficient office while fulfilling our mandate of audit confirmations and oversight so as to maximize the funds available for distribution to our First Nation Beneficiaries. We are able to balance these obligations with the focused diligence of our staff and the commitment of all Trustees to deal with all matters in a timely manner. The casino profits in Saskatchewan fluctuate which affects the net proceeds received by the Trust for distribution. We recognize that First Nations value the distribution payments and, as Trustees, we maintain open communication with both the Provincial Ministry and the First Nations to ensure distributions are carried out. We would like to thank all of the First Nations in Saskatchewan for their diligence in continued compliance with the Trust Indenture and Trust policies and procedures. We look forward to their continued cooperation for many years to come.

Respectfully Submitted,

Sheila C. Sutherland Interim Chair

2 3 Roles of the Trustees

A Trust is often established to provide a way of having property held for an individual or a group and allows the trust property to be managed by a trustee or group of trustees.

Regardless of the nature of the property held by the trust, Trustees must manage the trust so that decisions made about the trust’s property are made in the best interests of the beneficiaries of the trust.

The First Nations Trust was established to “effect the distribution of the monies due to First Nations from, among other things, the profits from both SIGA and SGC casinos”.

In the case of the First Nations Trust, the Trust is defined by the 2003 Trust Indenture. The Indenture is the result of an agreement made in 2002 between the FSIN and the Province of Saskatchewan. The Property held by the First Nations Trust is defined in the 2003 Trust Indenture and that property is money. The money is received from the net profits of eight casinos, six are under First Nation control and two are under the control of the Province.

What the Trustees can and cannot do with the property held by the Trust is defined by the 2003 Trust Indenture, in conjunction with The Trustees Act, R.S.S 1978. The law also imposes certain obligations on the Trustees, even if these duties are not specifically set out in the Trust Agreement.

Trustee obligations include holding ownership and legal control of the property of the trust. The law requires that the Trustees of the First Nations Trust act only in the best interests of the beneficiaries of the Trust. Another obligation of the Trustees is to appoint a qualified independent auditor to examine the books and records of the First Nations Trust at the end of each fiscal year. The Annual Report must include the audited financial statements of the First Nations Trust for that fiscal year.

A Beneficiary of the First Nation Trust is defined in the 2003 Trust Indenture as a “First Nation, an Indian Band or the Federation of Saskatchewan Indian Nations”.

The Power and Authority of the Trustees as set out in section 8 of the 2003 Trust Indenture, include authority to pay authorized expenses; to retain the services of advisors, professionals or others to assist the Trustees in the performance of their duties; to pay reasonable remuneration to the Trustees for performance of their duties; to follow valid direction from the Chiefs-in-Assembly (Legislative Assembly of the FSIN); and except as limited by the 2003 Trust Indenture, pay out the trust property for the benefit of any one or more of the beneficiaries, or for the benefit of First Nations peoples.

Permitted Uses of the First Nations Trust property are set out in the 2003 Trust Indenture. For monies distributed by the Trustees, the Trust Indenture requires that the funds must be used for specified purposes for First Nations and First Nations peoples. In accordance with Section 5.01 of the Trust Indenture those permitted uses are:

4 • Economic development, • Social programs, • Justice initiatives, • Education and education facilities, • Development and operation of recreation facilities, • Senior and youth programs, • Cultural and spiritual development, • Development and maintenance of community infrastructure, • Health initiatives, • Governance activities, • Treaty protection, and • Any other charitable purpose.

The First Nations Trust Process The Trust’s fiscal year begins April 1 and runs until March 31 of the following year. Payments are made to First Nations Trust by the Ministry of Government Relations pursuant to formulas contained in the 2002 Framework Agreement and the profits forecasted by the FSIN’s Saskatchewan Indian Gaming Authority (SIGA) casinos and the Province’s Saskatchewan Gaming Corporation (SGC) casinos. One-fourth of those estimated profits are paid to the First Nations Trust at the end of each quarter. After the fiscal year has concluded, the Ministry is required to reconcile the forecasted and actual audited net profits from all Casino operations and either pay amounts due from under-forecasting or recover any overpayments from First Nations Trust. The Trustees must meet at least quarterly to distribute the trust property in accordance with the 2003 Trust Indenture. When the Trustees distribute trust property, they must follow any properly received directions from the FSIN Chief-in-Assembly. At the end of each fiscal year, the Board of Trustees are responsible for ensuring that all the beneficiaries of Trust monies properly account for how these funds were spent. Section 9 of the 2003 Trust Indenture sets out the accountability provisions. In the event that a recipient or beneficiary of trust property is not able to properly account for the monies, or spent the monies in an inappropriate manner, the Trustees have a fiduciary obligation to the other beneficiaries to take whatever steps are necessary, including withholding future payments, to ensure appropriate accountability by the beneficiaries.

5 Board of Trustees

Everette Bear has served on the First Nations Trust Board of Trustees since its inception in 2003. He came to the FNT with valuable experience in both the public and private sectors. In the past, he served four years as Councillor and six years as Chief of Muskoday First Nation. Everette has extensive Board and Commission service, having served with The Saskatchewan Indian Loan Company (SILCO), Saskatchewan Wheat Board, the Agricultural Credit Corporation (ACC), Enterprise Saskatchewan, and the Saskatchewan Liquor and Gaming Commission. He has been Vice-Chair of the Agricultural Council of Saskatchewan and Vice-Chair of the Board of Directors of the Saskatchewan Indian Equity Foundation. Everette is an experienced farmer, small business owner and has held school bus contracts for many years. Everette says he particularly enjoys working in an atmosphere where the best interests of the people come first.

Deloris Delorme became the newest member of the Board of Trustees in February 2014. She is a member of the Cowessess First Nation, married and a mother of two grown children. She possesses a Diploma of Administration as well as a Bachelor of Administration from the University of Regina. Deloris’ employment history includes: The Cooperators, Management Systems Limited (MSL), Information Systems Management (ISM), Cowessess Community Educational Centre, Cowessess Band Office, Saskatchewan Association of Health Organizations (SAHO), Parkland College and Bear Claw Casino and Hotel. She was also elected and served her community as Band Councillor/Vice Chief for a 3 year term. She is currently employed at Regina Treaty Status Indian Services’ (RTSIS) First Nations Employment Centre (FNEC) as a Career Advisor. She thoroughly enjoys utilizing her work experiences and education to benefit First Nations peoples in any capacity she can.

Noland Henderson was appointed to the First Nations Trust, Board of Trustees in 2003. Speaking about the Trust, he believes that, “this group of Trustees and our staff, have come a long way in establishing confidence in the Trust.” Noland brings a lot of experience to the Trust in a variety of ways. He has served as a police officer with the RCMP, seven years as a school principal in Montreal Lake and sitting on the Sasktel Board of Directors for 6 years. Noland served as Commissioner for the Saskatchewan Police Commission until May 2009 which he ended after two three year terms. His other achievements include serving three terms as Chief and four as a band councilor for Montreal Lake Cree Nation. He is actively involved in other boards and committees such as First Vice-Chair of the Board of Governors for Northern Teacher Education Program (NORTEP).

Joe Munroe became a Member of the Board of Trustees in February 2013. He is the founding president of Muskoday Organic Growers Coop in Muskoday First Nation Indian Reserve, Treaty 6 territory, Canada. He was educated by his Cree Elders and in addition to his attendance at the University of Saskatchewan, University of Regina, Trinity Western University, and the International Agro ecology Short course at University of California-Santa Cruz, California. His areas of University study have been Agriculture and Economics, Law, Education, Aviation, Arts and Sciences and Tribal Justice. Mr. Munroe has been a businessman in various capacities and a sole proprietor. His various employments have been in Business Development and Management, Government, First Nations Economic and Social Development, Restorative Justice for Tribal Council, and Law enforcement. His most recent position has been Indigenous Peoples Field Coordinator for Heifer Project International – Canada. World headquarters are in Little Rock, Arkansas. His work there has included Indigenous Peoples food sovereignty, and reclamation of Indigenous Foods and Food systems by Indigenous people.

6 Board of Trustees

Linda Okanee grew up in a first nation community and her first language is Cree. She has a Bachelor of Administration from the University of Regina, a Master of Business Administration from the University of Saskatchewan and a Certified Management Accountant designation and member in good standing with the Certified Management Accountants of Saskatchewan. Linda has held various positions including Band Manager, other executive management positions, member of various boards and oversight committees and has created her own management consulting company. She has been with the First Nations Trust since February 2011. Linda is a member of the Thunderchild First Nation, Treaty 6 territory. Her top three hobbies are exercising, reading, and boating.

Brenda Stevenson has a Master of Education degree (majoring in Education Administration) from Harvard University; she also has a Bachelor of Business Administration and a Bachelor of Arts, both from the University of Massachusetts and a Certificate of Native American Studies from the University of Massachusetts. She has a Diploma in Religious Education from Briercrest College and a Certificate of Accounting from Wascana Institute of Applied Sciences and Technologies (SIAST). Brenda has worked for First Nations communities for many years in band administration, economic development, governance and education, and is currently the Director of Operations at Ochapowace Nation. Brenda serves on the Southeast Regional College Board of Governors since 2008 and as a Trustee on the First Nations Trust since November 2009. She is a member of Carry the Kettle First Nation, lives on Cowessess with her husband Greg, has three grown children, and two grandsons.

Sheila Sutherland is the proud mother of two children and a member of the Beardy’s & Okemasis First Nation. Ms. Sutherland is a graduate from the University of Saskatchewan receiving a Bachelor of Commerce with a major in Accounting and has a Certified Aboriginal Financial Manager designation. Ms. Sutherland has been employed with First Nation communities and organizations for over 20 years with the last 15 serving in the area of financial management and co- management. Ms. Sutherland joined the First Nation Trust as a Trustee in November 2009 and appointed Interim Chairperson on May 2011. Sheila brings years of experience as a Board member as she served on the Willow Cree Healing Lodge and Thunder Oil Ltd, a Co-Manager and a Third Party Manager for various First Nations and a member of numerous oversight committees. Ms. Sutherland has experience in the drafting, implementation and evaluation of financial management acts and policies. She continues to undertake her responsibilities as Interim Chairperson with integrity and utmost professionalism.

7 First Nations Trust a Timeline of its Development

The First Nations Trust was established in 2003 by the The Province and the FSIN developed the 1995 Chiefs-in-Assembly during their legislative gathering. Gaming Agreement, in which the Province Many years of discussion and development paved acknowledged it would not open a government- the way for the Trust. Historically, hand games passed run casino in Saskatoon, as outlined in the 1994 from one generation to the next. As time passed dice, Gaming Agreement. In addition, the 1995 Gaming card and electronic games became popular. The Agreement authorized the operation of four following timeline includes some of the events and First Nation- run casinos in Saskatchewan. The documents that were significant in the establishment new casinos would be under the auspices of the and growth of the First Nations Trust. Saskatchewan Indian Gaming Authority (SIGA). The 1995 Gaming Agreement remained the framework 1994 Gaming Agreement for development of First Nation-run gaming within A partnership was established in 1994 about gaming the Province. matters between the Federation of Saskatchewan Indian Nations and the Saskatchewan Gaming 1995 The First Nations Fund Corporation (SGC). By September 1995, the First Nations Fund was The FSIN entered into the 1994 Gaming Agreement established pursuant to the Saskatchewan Gaming with the Government of Saskatchewan. The Corporation Act, 1994. The First Nations Fund Agreement provided for the revenue sharing distributed a portion of the net profits from both the arrangement between the two governments, that is, province and SIGA-run casinos. The Fund was active the First Nation and the Provincial government. for several years, and dissolved shortly after the First Nations Trust was established. Since then, distribution Under the 1994 Gaming Agreement, the FSIN and the of the First Nation portion of net profits from gaming Province agreed that the First Nations in Saskatchewan has been managed by the First Nations Trust. would receive 25 percent of the net revenues from two proposed government-run casinos. At the time, 1995 Flip Clause casinos were operating in Regina and Saskatoon. The success of the SIGA-run casinos caused the 1994 Saskatoon Referendum Province to activate the flip- clause in the 1995 Gaming Agreement. The effect of the flip-clause was Development of a casino in Saskatoon was under it changed net revenues from SIGA-run casinos to 25 consideration. In the fall of 1994, the City of Saskatoon percent. The parties signed an Amending Agreement held a plebiscite for its voters to consider the question in 1995 that provided for both First Nations and the as to their interest in having a casino in the downtown Province to receive 37.5 percent of the net proceeds core. The result of the referendum vote was rejected from SIGA-run casinos. of the proposed provincially-run casino in the City. 1995 Agreement Extended 1995 Gaming Agreement The parties agreed that the 1995 Gaming Agreement When the City of Saskatoon referendum results should be extended until December 2000 without determined that the Province should operate only changing either its terms or conditions. one government-run Casino, the parties negotiated 2002 Gaming Agreement the 1995 Gaming Agreement.

8 During 2002, the FSIN and the Province mutually Whitecap Dakota First Nation. agreed to replace their earlier arrangement. The 2005 Amendment to the 2004 earlier 1995 Gaming Agreement was set aside and the 2002 Gaming Agreement replaced it. The Amending Agreement duration of the Agreement was extended to 25 years The Amending Agreement was signed in January with reviews every five years. 2005. It superseded previous arrangements and The new arrangement provided annual funding provided for a new casino in Swift Current that would to deal with problem gambling. In addition, be overseen by SIGA. amendments provided for designated funding to 2007 Amending Agreement continue the joint effort between FSIN and the The 2007 Amending Agreement made further Province concerning matters related to on-reserve changes to the 2002 Gaming Agreement. Both gaming jurisdiction. parties, the Government of Saskatchewan and the 2003 Referendum FSIN, agreed to amend the 2002 Gaming Agreement The Saskatchewan Indian Gaming Authority and the to include providing for: Centennial Auditorium Board both made an effort to • A process for new Gaming Ventures; facilitate development of a new casino in Saskatoon. • Changing the designated payouts made by First The civic election and the Casino referendum Nations Trust (s.4.1); question were on the same ballot. The referendum • A five-year designated allocation to FSIN for defeated development of a new casino in Saskatoon. Gaming Activities (s. 4.b.1); 2003 First Nations Fund Replaced • Changing the percentage of the net profits due to First Nations Trust; The First Nations Fund, which previously administered • Amending the funding amount due to SLGA from First Nations’ share of the net proceed from casinos run SIGA; by the Saskatchewan Gaming Corporation (SGC) and • Revising the designated allocation to the First casinos under the authority of SIGA, was replaced by Nations Addiction Rehabilitation Foundation the First Nations Trust. (FNARF); and 2003 First Nations Trust • Changing the requirement of fidelity bonds for the Board of Trustees of the First Nations Trust. The First Nations Trust was formally established when the 2003 Trust Indenture was signed. Parties to this 2012 Five year review agreement were the FSIN and the incoming Board of The 2002 GFA is reviewed every five years. During Trustees of the First Nations Trust. the most recent five year review, the parties were 2004 Amendment to 2002 Gaming unable to come to agreement on extending the Agreement FSIN’s directed allocations of $250,000 per year for FSIN s.2.1 Gaming Jurisdiction and $250,000 per year This amendment was signed during the fall of for FSIN Gaming Activities [from the 2007 amending 2004. The purpose of the change was to permit agreement]. the development of a new casino on-reserve at the

9 a Commitment to First Nations Development

Net Profits Net Profits Received by the Each year since the Gaming Agreement was signed, First Nations Trust 2013-2014 the First Nations share of the net profits from gaming The contributions to the First Nations Trust transfer has been distributed to the First Nations Trust through from the Ministry of Government Relations to the the Saskatchewan Ministry of First Nations and Métis First Nations Trust. Funds are provided to the FNT in Relations or its successor the Ministry of Government four transfer payments and an annual reconciliation. Relations . Beneficiary Reports to the First Nation Run Casinos: First Nations Trust The casinos operating under the Saskatchewan Beneficiaries are required to report to the First Nations Indian Gaming Authority contributed 50 percent of Trust each fiscal year. Before the end of the fiscal the net profits from gaming in the following casinos: year each First Nation and Designated Beneficiary • Bear Claw Casino is reminded of their reporting requirements. The • Dakota Dunes Casino beneficiary must provide their audited financial • Gold Eagle Casino statement concerning funds received from the First • Living Skies Casino Nations Trust. In addition to the audit statement, • Northern Lights Casino the beneficiaries remit the supporting Schedules • Painted Hand Casino outlining how the funds received from the Trust were used. Each of the six First Nation-run casinos contributed 50 percent of their net profits to the First Nations Trust. Each Auditor’s report presented to FNT expresses an opinion as to whether the expenditure of funds Provincial Government Casinos: distributed by the FNT were used in compliance with There are currently two Casinos operated by the section 5.01 of the Trust indenture which specifies Saskatchewan Gaming Corporation that contribute the categories Trust funds may be used for by the to the First Nations Trust: beneficiaries. • Casino Moose Jaw • Casino Regina The portion of the net-profits contributed to the First Nations Trust from the two SGC-run casinos was 25 percent.

10 Historical Distribution 2013-2014 Distribution

2003-04* $ 15,745,296 Period Distribution Amount Date 2004-05 $ 22,508,242 2012-13 Interim Reconciliation $ 2,832,745.00 Apr-13 2005-06 $ 22,622,795 1st Quarter $ 12,950,783.00 Jun-13 2006-07 $ 28,299,186 2nd Quarter $ 12,950,783.00 Sep-13 2007-08 $ 35,452,261 3rd Quarter $ 12,950,783.00 Dec-13 2008-09 $ 51,471,841 4th Quarter $ 10,125,783.00 Mar-14 2009-10 $ Benefits 50,996,383 2012-13 Distributed Reconciliation $ 5,882,495.00 Sep-13 by 2010-11 $ 41,620,501 TOTAL $ 57,693,372.00 2011-12 $ 45,647,122 2012-13 $ 57,286,624 First Nations Trust 2013-14 $ 57,693,372 TOTAL $ 429,343,623 *Only three quarterly payments were received and distributed by FNT in 2003-2004

$70,000,000

$60,000,000

$50,000,000

$40,000,000

$30,000,000

$20,000,000

$10,000,000

$- 2003-04* 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14

Historical Distribution 2013-2014 Distribution

2003-04* $15,745,296 Period Distribution Amount Date 2004-05 $22,508,242 2012-13 2005-06 $22,622,795 Interim $2,832,745.00 Apr-13 2006-07 $28,299,186 Reconciliation 2007-08 $35,452,261 1st Quarter $12,950,783.00 Jun-13 2008-09 $51,471,841 2nd Quarter $12,950,783.00 Sep-13 2009-10 $50,996,383 3rd Quarter $12,950,783.00 Dec-13 2010-11 $41,620,501 4th Quarter $10,125,783.00 Mar-14 2012-13 2011-12 $45,647,122 $5,882,495.00 Sep-13 Reconciliation 2012-13 $57,286,624 TOTAL $57,693,372.00 2013-14 $57,693,372 TOTAL $429,343,623

*Only three quarterly payments were received and distributed by First NationsTrust in 2003-04.

11 Use of First Nations Trust Funds This table provides a look at how each First Nation community expended funds distributed in accordance with Section 5.01 of the Trust Indenture. Note: Figures are rounded to the nearest dollar. First Nations Trust Revenue 11-12 Surplus Economic Development ProgramsSocial Justice Initiatives Education & Education Facilities Recreational Facilities The Development & Operation of & Senior Youth Programs Development Cultural & Spiritual Community Infrastucture The Development & Maintenance of Health Initiatives Governance Activities Treaty Protection Charitable PurposeAny Other Total Expenditures / Deficit 12-13 Surplus

First Nation Ahtahkakoop First Nation 1,239,774 - - 367,128 49,758 - 360,253 - 62,090 252,573 - 147,972 - - 1,239,774 0

Beardy`s & Okemasis First Nation 1,191,803 - - 103,556 - - 135,023 - 376,896 81,178 - 495,150 - - 1,191,803 0

Big Island Lake Cree Nation 407,634 ------407, 634 - - - - 407,634 0

Big River First Nation 1,214,899 - 478,102 314,625 - - - - 139,900 102,911 - 179,361 - - 1,214,899 0

Birch Narrows First Nation 277,539 - 20,784 - - - 250,695 6,060 ------277,539 0

Black Lake Denesuline Nation 774,947 - 202,959 - - - - 76,727 208,524 103,227 - - - 183,510 774,947 0

Buffalo River First nation 492,248 - - - - 27,137 - - - 450,214 - - - 14,897 492,248 0

Canoe Lake Cree Nation 820,971 - - - - 280,457 132,699 19,677 19,484 288,544 - - 1,550 78,860 820,971 0

Carry the Kettle First Nation 986,118 - 59,214 143,605 - - 335,952 - - 131,352 - 296,269 10,000 - 986,118 0

Chacachas First Nation * 10,000 12,500 ------22,500

Chakastaypaysin Cree Nation 402,231 - 30,800 - - - - - 9,440 - - 192,121 - 169,870 402,231 0

Chief Big Bear Nation 10,000 ------10,000 - - 10,000 -

Clearwater River Dene Nation 688,552 - - 87,471 - - - 209,888 7,400 350,751 - 6,373 - 34,074 695,957 (7,405)

Cote First Nation 1,339,340 - - 29,650 - 47,386 - 95,321 134,609 134,165 53,259 118,026 - 726,924 1,339,340 0

Cowessess First Nation * 1,491,043 305,905 25,900 211,599 - - 83,779 257,574 8,272 123,324 - 485,077 - - 1,195,525 601,423

Cumberland House Cree Nation 501,336 - - - - - 70,843 74,311 59,265 158,604 - - 88,511 49,802 501,336 0

Day Star First Nation 189,930 - - - - - 9,361 14,398 - 112,000 1,500 52,671 - - 189,930 0

English River First Nation * 562,128 ------562,128

Fishing Lake First Nation 635,556 ------635,556

Flying Dust First Nation 481,213 - - - - - 481,213 ------481,213 0

Fond Du Lac Denesuline Nation 704,236 ------227,649 433,718 - - 17,044 - 25,825 704,236 0

George Gordon First Nation 1,266,702 - 8,906 91,412 - 9,767 - 176,652 115,778 467,137 42,884 354,140 - - 1,266,702 0

Hatchet Lake Denesuline Nation 631,117 - - 133,711 - - - 429,323 - - - 68,083 - - 631,117 0

James Smith Cree Nation 564,488 - 47,106 - 4,000 - - - 63,055 - - 242,145 - 212,182 564,488 0

Kahkewistahaw First Nation 685,789 - - - - - 192,538 - 121,434 - - 371,817 - - 685,789 0

Kawacatoose First Nation 1,087,191 - 55,632 - - - 171,652 - - 576,044 - 283,863 - - 1,087,191 0

Keeseekoose First Nation 877,046 - 290,000 - - - - 120,090 56,840 316,668 - - - 93,448 877,046 0

Key First Nation 448,988 ------129,988 - 319,000 - - 448,988 0

Kinistin First Nation 374,215 - 37,777 ------28,300 - 244,326 - - 310,403 63,812

Lac La Ronge Indian Band 3,610,124 1,311,092 20,000 345,097 400,000 37,000 1,825,305 504,000 64,004 - - 100,000 - 403,968 3,549,374 1,371,842

Little Black Bear First Nation 205,990 - - 135,314 - - - - - 70,676 - - - - 205,990 0

Little Pine First Nation 689,662 - - 276,995 - - 44,069 210,674 - 65,884 - 91,816 - - 689,438 224

Lucky Man Cree Nation * 52,883 - - - - 52,883 ------52,883 0

Makwa Sahgaiehcan First Nation 549,391 - - - - 183,134 224,015 3,116 - 90,000 18,000 - 31,126 - 549,391 0

Ministikwan Nation * 483,753 ------483,753

Mistawasis First Nation 966,352 96,123 - 100,326 8,344 - - 114,138 9,379 199,085 - 573,047 - - 1,004,319 58,156

Montreal Lake Cree Nation 1,371,236 - - - - - 132,516 414,132 - - - 824,588 - - 1,371,236 0

Moosomin First Nation * 646,486 36,000 84,150 - - - 233,239 - - - 154,186 - - 507,665 (628,514) *Audit not recieved at time of printing. For more current 12 First Nations Trust Revenue / Deficit 11-12 Surplus Economic Development ProgramsSocial Justice Initiatives Education & Education Facilities Recreational Facilities The Development & Operation of & Senior Youth Programs Development Cultural & Spiritual Infrastucture munity The Development & Maintenance of Com Health Initiatives Governance Activities Treaty Protection Charitable PurposeAny Other Total Expenditures / Deficit 12-13 Surplus

- First Nation Mosquito Grizzly Bear Head Lean Man First Nation 488,500 - 200,520 287,980 - - - - 500 221,794 - - - - 488,500 0

Muscowpetung First Nation 478,868 - - 307,339 - - 47,187 21,298 51,844 52,213 - 51,200 - - 478,868 0

Muskeg Lake Cree Nation 748,187 - - 11,255 362,176 140,000 69,692 165,064 ------748,187 0

Muskoday First Nation 662,797 - 35,144 - 19,232 52,300 - 428,313 94,635 33,173 - - - - 662,797 0

Muskowekwan First Nation 637,042 ------29,966 - 526,496 - - - 80,580 637,042 0

Nekaneet First Nation 178,706 ------30,509 128,555 10,407 - 9,235 - - 178,706 0

Ocean Man First Nation 189,846 - 7,449 36,547 - 5,144 71,370 6,804 6,600 898 3,907 39,477 11,488 1,168 189,846 0

Ochapowace First Nation 590,662 - - - - - 590,662 ------590,662 0

Okanese First Nation 255,490 - 160,205 - - - - 85,585 700 - - 9,000 - - 255,490 0

One Arrow First Nation 636,498 - - - - 50,000 - - - 586,498 - - - - 636,498 0

Onion Lake First Nation 2,024,300 - - 338,000 - - 31,139 1,231,375 271,942 - 150,000 51,844 - - 2,024,300 0

Pasqua First Nation 729,509 - - - - - 150,353 68,206 - 324,400 - 186,550 - - 729,509 0

Peepeekisis First Nation 968,131 - 52,728 111,444 - - - 79,848 190,084 288,485 - 245,543 - - 968,132 0

Pelican Lake First Nation 572,403 - - 144,319 - - - - - 299,209 - 128,875 - - 572,403 0

Peter Ballantyne Cree Nation 3,511,591 - - 2,310,088 - - - - - 22,115 - 746,996 55,000 377,392 3,511,591 0

Peter Chapman Cree Nation 261,311 - 34,890 68,645 13,300 - 13,600 4,738 2,949 - 6,605 114,009 6,325 - 261,311 0

Pheasant Rump Nakota First Nation 159,463 - - 12,022 - - - 19,046 2,400 29,593 - 91,250 - 5,152 159,463 0

Piapot First Nation 833,912 - 229,060 114,799 - - - 117,958 - 272,417 - 99,678 - - 833,912 0

Poundmaker Cree Nation 618,721 ------618,721

Red Earth Cree Nation 596,693 (305,583) - 38,850 416,102 - - 118,946 - 1,068 - 99,684 - 224,133 898,513 (607,403)

Red Pheasant First Nation * 869,445 74,172 - - - - 406,941 - - - - 513,203 - - 920,144 23,473

Sakimay First Nation 579,920 86,633 - 83,850 - - - 10,000 97,811 131,261 - 136,127 - - 459,049 207,504

Saulteaux First Nation 472,984 - - 121,050 - - - 37,375 - - - 314,559 - - 472,984 0

Shoal Lake Cree Nation 350,156 (463,845) - - - - 50,829 1,000 - - - 26,000 5,746 357,547 441,122 (554,811)

Standing Buffalo Dakota Nation 459,088 ------146,117 133,571 180,000 - - - - 459,688 0

Star Blanket First Nation 245,272 - 130,456 ------94,860 - 19,956 - - 245,272 0

Sturgeon Lake First Nation 1,038,864 - - 673,344 17,786 23,465 - 42,567 18,761 - - 262,941 - - 1,038,864 0

Sweetgrass First Nation 688,532 142,159 60,210 457,799 - 5,887 - 113,757 2,878 15,283 - 4,441 - - 660,255 170,436

Thunderchild First Nation * 1,022,866 - - 560,588 - - - 264,800 31,066 - - 166,412 - - 1,022,866 0

Wahpeton Dakota First Nation 192,924 - 8,079 19,000 38,450 6,530 28,946 23,594 4,824 60,359 6,935 1,260 5,370 - 199,212 (6,288)

Waterhen Lake First Nation 721,908 - - 193,457 - - - - 83,498 244,953 - 200,000 - - 721,908 0

White Bear First Nation 938,188 223,213 239,724 - - - 74,400 77,654 - 60,000 - 451,317 - 52,000 955,095 206,306

Whitecap Dakota Sioux First Nation * 233,420 231,462 ------464,882

Witchekan Lake First Nation 273,477 89,782 - - - - 57,951 7,122 217,483 - - - - 98,015 380,571 (17,312)

Wood Mountain 107,116 - 271 - 1,285 2,180 - - 17,060 - 32,300 47,133 5,948 939 107,116 0

Yellow Quill First Nation 1,054,736 - 35,156 374,514 2,009 16,110 - - 27,198 75,680 95,690 238,814 68,123 121,442 1,054,736 0

Young Chipewayan 10,000 ------10,000

Total 53,335,037 1,036,278 2,507,072 8,689,259 825,992 1,161,556 6,065,804 6,249,244 3,408,465 7,949,258 352,189 9,882,579 289,187 3,311,728 50,692,333 information please go to www.firstnationstrust.com 13 Designated Allocations

MANDATORY ALLOCATIONS The First Nations Trust (FNT) distributes mandatory allocations each fiscal year in accordance with the 2002 Framework Agreement and its subsequent amendments. The designated funding continued for • First Nations Addiction Rehabilitation Foundation (FNARF)

First Nations Addiction Rehabilitation Foundation FNARF was established in 1995 by the FSIN in accordance with the instructions of the Chiefs-in-Assembly. The mandate of FNARF is set out in Section 35 of the First Nations Gaming Act (FSIN, 1995) as well as the 2002 Framework Agreement, which provides that FNARF is to ensure effective and accessible education, prevention, and treatment programs about problem gambling are available to First Nation people. In accordance with the 2002 Framework Agreement FNARF receives $2,250,000. The funds received are redistributed annually for local programming to Tribal Councils and the independent First Nations in Saskatchewan. Administration of the FNARF is provided by the FSIN Health and Social Development Secretariat. A working group of representatives from the independent First Nations and Tribal Councils provide technical support for the FNARF Board of Directors. DIRECTED ALLOCATIONS In addition to making mandatory allocations as set out in the 2002 Framework Agreement, the Trustees are required to make distributions if directed by a resolution from the FSIN Chiefs in Assembly pursuant to section 8.01(d) of the Trust Indenture. In the 2013-14 fiscal year, directed allocations were made to: • FSIN First Nations Treaty Rights Protection Fund, • FSIN Senate Operations, • FSIN Gaming Secretariat - Gaming Activities and Jurisdiction, • FSIN Veterans Such designated distributions are permitted as a use of funds under the terms specified in Section 5.01 of the 2003 Trust Indenture. First Nation Treaty Rights Protection Fund The FSIN Chiefs-in-Assembly established the First Nations Treaty Rights Protection Fund (FNTRPF) in 1983 pursuant to FSIN Resolution #007 and again in Resolution #597. The established objective of FNTRPF is the protection, promotion and enhancement of Treaty and Inherent Rights of all First Nation peoples in Saskatchewan.

14 As is the case with the First Nation distributions, the directed allocation uses the population count provided by each First Nation. The FNT determines the FNTRPF allocation based on five dollars per capita multiplied by the sum of all the First Nation population counts reported. FSIN Senate Operations The FSIN Chiefs in Assembly directed the Trustees, via Resolution #1772, to distribute $150,000 per year commencing in the 2011-12 fiscal year for three consecutive fiscal years for Senate Operations. These distributions are made through the FSIN Department of Finance. FSIN Gaming Secretariat - Gaming Activities and Jurisdiction The Chiefs in Assembly passed Resolution #1855 that instructed the Trust to provide $500,000 to the FSIN Gaming Secretariat for gaming activities and jurisdiction. FSIN Veterans Operations The FSIN Chiefs in Assembly directed the Trustees, via Resolution #1847, to distribute $150,000 per year commencing in the 2012-13 fiscal year for FSIN Veterans operations. These distributions are made through the FSIN Department of Finance.

Chief Big Bear Band The FSIN Chiefs in Assembly passed Resolution #1896 that instructed the Trust to provide an addition distribution of $10,000 each year that will be ongoing till the conclusion of the land claim of the Big Bear Band.

15 Expenditures by Purpose The following chart illustrates how First Nations communities expended funds distributed in accordance with Section 5.01 of the Trust Indenture

Any other Charitable Purpose Treaty Protecon 3,311,728 (6%) 289,187 (1%)

Economic Development, 2,507,072 (5%)

Governance Acvies, 9,882,579 (19%) Health Iniaves, 352,189 (1%) Social Programs, 8,689,259 (17%) The development & maintenance of community infrastructure, 7,949,258 (16%)

The development & operaon of recreaonal facilies, Senior & Youth Programs, 6,065,804 (12%) 6,249,244 (12%) Jusce Iniaves, 825,992 (2%) Educaon & Educaon facilies, 1,161,556 (2%) Cultural & Spiritual Development, 3,408,465 (7%)

The development & maintenance of community infrastructure Treaty Protecon Jusce Iniaves Senior & Youth Programs Health Iniaves Any other Charitable Purpose Economic Development Educaon & Educaon facilies Cultural & Spiritual Development Governance Acvies Social Programs The development & operaon of recreaonal facilies

16 Expenditures by Allocation

53,335,037.04 (93%)

2,250,000.00 (4%)

599,999.96 (1%)

150,000.00 (< 1%)

698,335.00 (1%)

150,000.00 (< 1%)

500,000.00 (1%) 10,000.00 (< 1%)

Distribuons to First Naons FNARF Trust Admin FSIN Jurisdiconal Issues FSIN FN Treaty Rights Protecon FSIN Senate FSIN Gaming Acvies Chief Big Bear First Naon

17 18 19 20 21 22 23 24 25 26 27 28

Asimakaniseekan Askiy Reserve 202E Joseph Okemasis Drive Saskatoon, Saskatchewan S7N 1B1 e-mail: [email protected] Phone: 306 931-4424 Fax: 306 931-4425 http://www.firstnationstrust.com