2011-2012 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 Our Mission & Values
Our Mission First Nations Trust (FNT) 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.
Our 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
The Board of Trustees is pleased to present the First Nations Trust Annual Report covering the operations of the First Nations Trust for the 2011-2012 fiscal year ending March 31, 2012. First Nations Trust was established by the Federation of Saskatchewan Indian Nations (FSIN) in accordance with the 2002 Gaming Framework Agreement (GFA). Since the signing of the Trust Indenture on May 26, 2003, the First Nations Trust Annual Report continues to form an integral part of the First Nations Trust’s accountability to its beneficiaries. Payments are made to First Nations Trust by the Ministry of First Nations and Metis Relations pursuant to formulas contained in the GFA and the profits forecasted by the FSIN’s Saskatchewan Indian Gaming Authority (SIGA) casinos and the Province’s Saskatchewan Gaming Corporation (SGC) casinos. 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. Once the final audits of both SIGA and SGC were concluded, it was determined that the payments made to the First Nations Trust based on forecasted revenues in 2010-11 were higher than should have been. As a result, payments to the First Nations Trust for the remaining three quarters in 2011-12 were reduced by $202,626. One of the primary duties of the Trustees is to ensure that all distributions are used for permitted purposes set out in Section 5.01 of the Trust Indenture through application of specific reporting requirements. First Nation Trust fulfills this requirement by requiring an audit report from each Beneficiary. The Trust has policies and procedures in place to assist monitoring and compliance with accountability requirements. Trustees continue their focus on ensuring compliance without compromising the positive working relationships established with Beneficiaries. As of March 31, 2012, all Beneficiaries were in full compliance with First nations Trust accountability requirements. It is also noted that First nations Trust was not cited for any infractions by The Provincial Auditor. The Trustees would like to acknowledge the effort made by First Nations to improve the timeliness of their submission of audit reports.
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 to 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 Nations 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 direction 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.
Ray Gamble served as Interim Chair of the First Nations Trust during 2011-2012. He has served as member of the Board of Trustees since May, 2003 as one of the founding Trustees. Ray holds a CIM designation through the Canadian Institute of Management and a Certificate in Business Administration from the University of Saskatchewan. He brings to the Board of Trustees extensive experience in the administration of Federal Government Programs, the Private Sector, as well Commercial Banking. Ray is retired and currently resides on Beardy’s and Okemasis Reserve.
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 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). As a member of the Montreal Lake Cree Nation, Noland holds the position of Director for the Lands and Resources program.
Linda Okanee has a Bachelor of Administration from the University of Regina, a Master of Business Administrations from the University of Saskatchewan and a Certified Management Accountant designation through the CMA Executive Program. Linda has held various positions including Band Manager, other executive management positions, member of various boards and committees and has created her own management consulting company. She has been with First Nations Trust since February 2011 and is a member of the Audit and Finance subcommittee. Linda
6 Board of Trustees
is pleased with the performance of the Trustees and looks forward to continue to work with them. Some of Linda’s hobbies include: traveling, reading, exercising, and making indigenous arts and crafts. She is a Cree speaker and is a member of the Thunderchild First Nation. 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 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, the SIAST 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 has been employed in financial management for the past 16 years for various First Nations in Saskatchewan. Sheila attended the University of Saskatchewan where she graduated with a Bachelor of Commerce and majoring in Accounting. She has a designation Certificate in Aboriginal Financial Management. Sheila joined First Nations Trust as a Trustee in November 2009. She is a member of the Beardy’s and Okemasis First Nation.
Velma Wuttunee has held positions in finance throughout her career bringing extensive experience to the Trust in financial matters having provided advice and assistance to First Nations under third party management, as well as Tribal Councils. Velma was asked to accept an appointment to the Board of Trustees for the First Nations Trust, when the Trust Indenture was put in place and is one of the founding Trustees. She is a member of the Red Pheasant First Nation.
7 First Nations Trust a Timeline of its Development
The First Nations Trust was established in 2003 by the in the downtown core. The result of the referendum Chiefs-in-Assembly during their legislative gathering. vote was rejection of the proposed provincially-run Many years of discussion and development paved casino in the City. the way for the Trust. Historically, hand games passed from one generation to the next. As time passed dice, 1995 Gaming Agreement card and electronic games became popular. When the City of Saskatoon referendum results determined that the Province should operate only Matters related to gaming have been a frequent one government-run Casino, the parties negotiated topic of discussion for years at FSIN Assemblies. The the 1995 Gaming Agreement. Chiefs-in-Assembly established the First Nations Trust by way of an Assembly resolution. The The Province and the FSIN developed the 1995 following timeline includes some of the events Gaming Agreement, in which the Province and documents that were significant in the acknowledged it would not open a government-run establishment and growth of the First Nations Trust. casino in Saskatoon, as outlined in the 1994 Gaming Agreement. In addition, the 1995 Gaming Agreement 1994 Gaming Agreement authorized the operation of four First Nation-run A partnership was established in 1994 about gaming casinos in Saskatchewan. The new casinos would matters between the Federation of Saskatchewan be under the auspices of the Saskatchewan Indian Indian Nations and the Saskatchewan Gaming Gaming Authority (SIGA). The 1995 Gaming Agreement Corporation (SGC). The SGC is a Crown Corporation remained the framework for development of First that was established by the Provincial Treasury Board Nation-run gaming within the Province. to operate casinos in Saskatchewan. 1995 The First Nations Fund The FSIN entered into the 1994 Gaming Agreement By September 1995, the First Nations Fund was with the Government of Saskatchewan. The established pursuant to the Saskatchewan Gaming Agreement provided for the revenue sharing Corporation Act, 1994. The First Nations Fund arrangement between the two governments, that is, distributed a portion of the net profits from both the the First Nation and the Provincial government. province and SIGA-run casinos. The Fund was active Under the 1994 Gaming Agreement, the FSIN for several years, and dissolved shortly after the First and the Province agreed that the First Nations in Nations Trust was established. Since then, distribution Saskatchewan would receive 25 percent of the net of the First Nation portion of net profits from gaming revenues from two proposed government-run has been managed by the First Nations Trust. casinos. At the time, casinos were operating in Regina and Saskatoon. 1995 Flip Clause The success of the SIGA-run casinos caused the 1994 Saskatoon Referendum Province to activate the flip-clause in the 1995 Development of a casino in Saskatoon was under Gaming Agreement. The effect of the flip-clause was consideration. In the fall of 1994, the City of it changed net revenues from SIGA-run casinos to 25 Saskatoon held a plebiscite for its voters to consider percent. The parties signed an Amending Agreement the question as to their interest in having a casino in 1995 that provided for both First Nations and the
8 Province to receive 37.5 percent of the net proceeds the 2003 Trust Indenture was signed. Parties to this from SIGA-run casinos. agreement were the FSIN and the incoming Board of Trustees of the First Nations Trust. 1995 Agreement Extended The parties agreed that the 1995 Gaming Agreement 2004 Amendment to 2002 Gaming should be extended until December 2000 without Agreement changing either its terms or conditions. This amendment was signed during the fall of 2004. The purpose of the change was to permit the 2002 Gaming Agreement development of a new casino on-reserve at the During 2002, the FSIN and the Province mutually Whitecap Dakota First Nation. agreed to replace their earlier arrangement. The earlier 1995 Gaming Agreement was set aside and 2005 Amendment to the 2004 the 2002 Gaming Agreement replaced it. The duration Amending Agreement of the Agreement was extended to 25 years with The Amending Agreement was signed in reviews every five years. January 2005. It superseded previous arrangements The new arrangement provided annual funding and provided for a new casino in Swift Current that to deal with problem gambling. In addition, would be overseen by SIGA. amendments provided for designated funding to 2007 Amending Agreement continue the joint effort between FSIN and the Province concerning matters related to on-reserve The 2007 Amending Agreement made further gaming jurisdiction. changes to the 2002 Gaming Agreement. Both 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 Gaming defeated development of a new casino in Saskatoon. 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 First Nations’ share of the net proceed from from SIGA; casinos run by the Saskatchewan Gaming Corporation • Revising the designated allocation to the First (SGC) and casinos under the authority of SIGA, was Nations Addiction Rehabilitation Foundation replaced by 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
9 a Commitment to First Nations Development
Net Profits The portion of the net-profits contributed to the First Each year since the Gaming Agreement was signed, Nations Trust from the two SGC-run casinos was 25 the First Nations share of the net profits from gaming percent. has been distributed to the First Nations Trust through Net Profits Received by the the Saskatchewan Ministry of First Nations and Métis First Nations Trust 2011-2012 Relations. The contributions to the First Nations Trust transfer Agreement Review from the Saskatchewan Ministry of First Nations and In accordance with 2002 Framework Agreement, the Métis Relations to the First Nations Trust. Funds are first five-year review took place in 2007; it resulted provided to the FNT in four transfer payments. in an adjustment to the net profits due to the First Beneficiary Reports to the Nations Trust. First Nations Trust Two organizations, Saskatchewan Indian Gaming Beneficiaries are required to report to the First Nations Authority (SIGA) and the provincial Saskatchewan Trust each fiscal year. Before the end of the fiscal Gaming Corporation (SGC) contribute a portion of year each First Nation and Designated Beneficiary the net profits from eight Saskatchewan casinos. is reminded of their reporting requirements. The First Nation Run Casinos: beneficiary must provide their audited financial statement concerning funds received from the First The casinos operating under the Saskatchewan Nations Trust. In addition to the audit statement, Indian Gaming Authority contributed 50 percent of the beneficiaries remit the supporting Schedules the net profits from gaming in the following casinos: outlining how the funds received from the Trust were • Bear Claw Casino used. • Dakota Dunes Casino Each Auditor’s report presented to FNT expresses • Gold Eagle Casino an opinion as to whether the expenditure of funds • Living Skies Casino distributed by the FNT were used in compliance with • Northern Lights Casino section 5.01 of the Trust indenture which specifies • Painted Hand Casino the categories Trust funds may be used for by the Each of the six First Nation-run casinos contributed 50 beneficiaries. percent of their net profits to the First Nations Trust. Provincial Government Casinos: There are currently two Casinos operated by the Saskatchewan Gaming Corporation that contribute to the First Nations Trust: • Casino Moose Jaw • Casino Regina
10
Benefits Distributed by First Nation Trust Net Profits Distributed By the First Nations Trust 2011-2012
2003-04* $ 15,745,296 2011-12 Fiscal Total Distribution Year 2004-05 $ 22,508,242 1st Quarter $ 11,563,750.00 Jun-11 2005-06 $ 22,622,795 2nd Quarter $ 11,361,124.00 Sep-11 2006-07 $ 28,299,186 3rd Quarter $ 11,361,124.00 Dec-11 2007-08 $ 35,452,261 4th Quarter $ 11,361,124.00 Mar-12 2008-09 $ 51,471,841 2011-2012 $ 45,647,122.00 2009-10 $ 50,996,383 2010-11 $ 41,620,501 2011-12 $ 45,647,122 Benefits Distributed by Note: Only three quarterly payments were received and distributed by FNT in 2003-2004
First Nations Trust
$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
Historical Distribution 2011-2012 Distribution
2003-04* $15,745,296 Period Distribution Amount Date 2004-05 $22,508,242 1st Quarter $11,563,750.00 Jun-11 2005-06 $22,622,795 2nd Quarter $11,361,124.00 Sep-11 2006-07 $28,299,186 3rd Quarter $11,361,124.00 Dec-11 2007-08 $35,452,261 4th Quarter $11,361,124.00 Mar-12 2008-09 $51,471,841 TOTAL $45,647,122.00 2009-10 $50,996,383 2010-11 $41,620,501 2011-12 $45,647,122 TOTAL $314,363,627
*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 / Deficit 10-11 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 11-12 Surplus
First Nation Ahtahkakoop First Nation 946,532 - - 413,575 50,822 - 71,000 - 38,406 283,904 - 141,995 - - 999,702 -53,170
Beardy`s & Okemasis First Nation 925,528 - 40,000 7,600 - 61,000 182,168 132,087 - - - 502,673 - - 925,528 0
Big Island Lake Cree Nation * 321,092 ------321,092
Big River First Nation 952,341 - - 667,341 - - - - 135,000 - - 150,000 - - 952,341 0
Birch Narrows First Nation 211,610 6,800 - - - - 178,031 33,579 ------$211,610 6,800
Black Lake Denesuline Nation 608,306 (57,759) 16,331 109,042 - 47,712 - 53,865 70,888 60,800 12,197 231,993 2,400 3,078 608,306 -57,759
Buffalo River First nation 368,910 - - - - - 29,930 - - 314,912 14,415 - 9,653 - 368,910 0
Canoe Lake Cree Nation 624,596 - - 4,869 - 107,951 79,230 58,040 6,452 255,684 - 25,867 15,205 71,298 624,596 0
Carry the Kettle First Nation 760,316 (9,480) - 425,584 - - 159,063 - - 179,625 - - - - $764,272 -13,436
Chacachas First Nation 10,000 ------10,000
Chakastaypaysin Cree Nation 315,747 - 6,866 114,099 - - - 2,361 - 22,555 - 195,098 - - 340,979 -25,232
Chief Big Bear Nation 10,000 1,083 - - - - - 1,500 846 - - 5,512 - - 7,859 3,224
Clearwater River Dene Nation 517,144 (14,902) - 103,541 - 21,515 - 67,671 64,794 57,569 - 85,272 - 147,629 547,991 -45,749
Cote First Nation 1,004,448 - 237,000 43,683 - 12,466 - 232,821 86,954 49,803 17,197 51,309 - 273,215 1,004,448 0
Cowessess First Nation * 1,150,645 ------1,150,645
Cumberland House Cree Nation 387,094 (5,527) - - - - - 119,305 77,850 - - 61,472 - 128,467 387,094 -5,527
Day Star First Nation 150,349 - - - - 10,929 - 6,000 - 106,000 3,000 24,420 - - 150,349 0
English River First Nation 439,314 - 234,245 143,269 - - 61,800 ------439,314 0
Fishing Lake First Nation 492,403 - 295,000 ------197,403 - - - - 492,403 0
Flying Dust First Nation 355,048 (3) - - - - 355,048 - - - 355,048 -3
Fond Du Lac Denesuline Nation 539,589 - 193,753 32,736 - 178,745 - - 106,825 27,530 - - - - 539,589 0
George Gordon First Nation 992,437 - 4,025 115,959 950 21,555 - 170,191 99,936 402,267 30,429 112,125 35,000 - 992,437 0
Hatchet Lake Denesuline Nation 492,128 - - 105,714 - - - - - 50,813 - 78,225 - 257,376 492,128 0
Island Lake First Nation * 385,869 19,239 ------405,108
James Smith Cree Nation 426,353 - 39,900 - - 1,450 - 4,600 - 5,000 - 231,517 - 143,886 426,353 0
Kahkewistahaw First Nation 546,307 - 116,591 30,345 - - 96,464 108,046 163,112 - - 11,749 20,000 - 546,307 0
Kawacatoose First Nation 853,673 - 244,659 ------217,707 - 391,308 - - 853,674 -1
Keeseekoose First Nation 674,875 - 147,587 - - 34,387 - 391,362 - - - 101,539 - - 674,875 -0
Key First Nation 359,143 ------275,326 - 83,817 359,143 0
Kinistin First Nation 289,840 - 159,300 - - - - - 78,416 - - 52,124 - - 289,840 0
Lac La Ronge Indian Band 2,794,622 1,643,897 - 311,199 - - ,122,077 827,067 34,443 375,324 - - - 108,421 2,778,531 1,659,988
Little Black Bear First Nation 166,960 (367) - - - - - 44,945 29,763 10,282 4,881 17,215 - 59,875 166,961 -368
Little Pine First Nation 547,083 (31,709) - - - - 69,991 177,031 - 4,671 - 52,923 - 244,757 549,373 -33,999
Lucky Man Cree Nation 43,816 - - - - 43,816 ------43,816 0
Makwa Sahgaiehcan First Nation 422,560 - - - - 174,104 29,301 17,857 20,000 119,461 - - - 61,837 422,560 0
Mistawasis First Nation 752,009 - 10,000 - - - - 78,347 - 106,536 - 557,126 - - 752,009 0
Montreal Lake Cree Nation 1,035,065 30,126 300,000 117, 213 - - 181,970 33,061 - - 432,947 - - - 1,065,191 -30,126
Moosomin First Nation 488,975 - - 7,020 - - - - - 784,345 - 27,632 - - 818,997 -330,022 *Audit not recieved at time of printing. For more current 12 First Nations Trust Revenue / Deficit 10-11 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 Surplus
First Nation Mosquito Grizzly Bear Head Lean Man First Nation 382,274 ------83,742 - - 100,687 - 197,845 382,274 0
Muscowpetung First Nation 381,819 (179,214) - - - - - 4,599 - 136,289 - 32,766 - 208,165 381,819 -179,214
Muskeg Lake Cree Nation 566,889 - - 65,000 - - 406,889 - - - - 95,000 - 0 566,889 0
Muskoday First Nation 501,931 - - - 25,000 11,136 325,512 24,000 65,480 50,803 - - - - 501,931 0
Muskowekwan First Nation 491,849 ------131,346 - - - 212,083 - 148,420 491,849 0
Nekaneet First Nation 127,193 - 2,234 9,638 - 9,186 - 5,674 52,114 3,546 1,236 13,896 - 29,669 127,193 0
Ocean Man First Nation 149,142 (11,794) 23,743 1,155 1,545 17,811 - 9,600 - 54,343 6,460 34,207 - 18,207 167,071 -29,723
Ochapowace First Nation 464,836 - 240,767 - - - 224,069 ------464,836 0
Okanese First Nation 200,883 - 85,313 - - 88,642 - - 17,928 - - 9,000 - - 200,883 0
One Arrow First Nation 477,729 - - - - 240,715 - - - 237,015 - - - - 477,730 -1
Onion Lake First Nation 1,550,265 (167,561) 150,000 - - - 420,000 424,242 50,000 - 150,000 231,023 125,000 - 1,550,265 -167,561
Pasqua First Nation 567,766 (162,077) - - - 54,151 - 134,514 5,645 142,648 - 117,639 - 113,169 567,766 -162,077
Peepeekisis First Nation 757,373 - 16,800 - - 96,600 - 75,876 88,411 207,687 - 168,423 - 103,576 757,373 0
Pelican Lake First Nation 438,130 - 157,466 - - - - - 150,735 128,329 - 1,600 - - 438,130 0
Peter Ballantyne Cree Nation 1,740,208 - 106,000 ------702,000 1,932,208 2,740,208 0
Peter Chapman Cree Nation 208,592 - 5,630 66,731 1,600 5,400 575 3,996 6,825 1,440 10,618 100,702 5,075 - 208,592 0
Pheasant Rump Nakota First Nation 124,126 (68,665) - - - 37,038 - 8,320 12,785 - - 42,856 - 23,127 124,126 -68,665
Piapot First Nation 645,327 - 292,247 5,650 - 400 - 112,910 15,328 43,629 3,045 166,844 800 4,475 645,328 -1
Poundmaker Cree Nation 483,843 (2) ------23,724 - 460,119 - - 483,843 -2
Red Earth Cree Nation 467,060 (47,345) 9,800 74,181 - - - 74,273 - - - 85,005 - 260,190 503,449 -83,734
Red Pheasant First Nation 671,378 (386) - - - - 150,850 57,078 - - - 464,615 - - 672,543 -1,551
Sakimay First Nation 441,572 43,434 - 62,860 ------2,028 - 420,118 485,006 0
Saulteaux First Nation 370,066 (66,375) - 70,396 - - 64,133 31,960 10,974 - - 245,962 - - 423,425 -119,734
Shoal Lake Cree Nation 274,107 (684,052) - - - - 83,480 20,971 - - - 11,228 - 180,694 296,373 -706,318
Standing Buffalo Dakota Nation 363,890 10,000 - - - - - 11,603 172,287 180,000 - - - - 363,890 10,000
Star Blanket First Nation 192,743 - 192,743 ------192,743 0
Sturgeon Lake First Nation 787,639 3,983 - 229,168 41,339 103,695 - 117,893 102,320 - - 92,323 - 102,152 788,890 2,732
Sweetgrass First Nation 532,849 170,035 - 26,542 - 26,761 - 122,741 22,575 62,459 8,000 13 - 14,424 283,515 419,369
Thunderchild First Nation 794,599 - - 205,318 - - - 329,416 - - - - - 259,865 794,599 0
Wahpeton Dakota First Nation 151,696 960 18,000 10,600 5,502 10,090 11,854 6,751 14,929 56,232 7,738 8,504 1,910 - 152,111 545
Waterhen Lake First Nation 565,649 - - - - - 100,000 - - 465,649 - - - - 565,649 0
White Bear First Nation 732,412 - 160,000 - - - 15,000 160,228 - - - 297,042 - 1,500 633,770 98,642
Whitecap Dakota Sioux First Nation 176,526 (3,000) - 10,533 - 127,890 23,885 - 14,218 - - - - - 176,526 -3,000
Witchekan Lake First Nation 210,644 (18,339) - - - 815 34,642 - 123,310 - - 92,085 - - 250,852 -58,547
Wood Mountain 80,474 24,740 3,021 - 330 - 10,050 - 2,872 2,644 13,544 74,949 18,888 8,300 134,598 -29,384
Yellow Quill First Nation 824,591 - 209,191 - - - - - 64,784 - 45,687 234,063 7,742 263,124 824,591 0
Young Chipewayan 10,000 ------2,350 - - 7,081 950 - 10,381 -381
Total 41,300,925 365,488 3,718,212 3,590,561 127,088 1,545,960 4,487,012 4,427,727 2,093,298 5,428,628 328,447 7,921,110 242,623 5,872,884 39,783,551 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), • FSIN Gaming Jurisdiction Issues, and • FSIN New Gaming Activities.
First Nations Addiction Rehabilitation Foundation FNARF was established in 1995 by the FSIN in accordance with the instruction 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 FNARF 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.
FSIN Gaming Jurisdiction Issues As was the case in previous years, the designated allocation to FSIN Gaming Jurisdiction Issues continued. It was established pursuant to the 1995 Framework Agreement. The more recent 2002 Framework Agreement specified in Section 2.1 that the First nations Trust would distribute the designated amount of $250,000 each year for a period of five years. The Gaming Jurisdiction Project mandate is to obtain recognition of First Nations’ jurisdiction in relation to gaming.
FSIN Gaming Activities Through the amendments to the 2002 Frame work Agreement that were made in 2007, the allocation is set at $250,000 per fiscal year from the FNT for FSIN Gaming Activities. The FSIN report was received as required.
14 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 2011-12 fiscal year, directed allocations were made to: • FSIN First Nations Treaty Right Protection Fund, • FSIN Senate Operation, and • FSIN Gaming Operations. 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. As is the case with the First Nation distributions, this directed allocation uses the population count provided by each First Nation. The FNT determines the FNTRPF allocation based on five dollars per capital 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 Negotiations As the 2002 Framework Agreement five-year review was commencing in January 2012, the FSIN Chief-in- Assembly passed Resolution #1773 that directed $100,000 be distributed to the FSIN Gaming Commission in the 2011-12 fiscal year to assist in retaining a professional negotiator.
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
Treaty Protecon 242,623 (1%)
Any other Charitable Purpose 5,872,884 (15%) Economic Development, 3,718,212 (9%) Governance Acvies, 7,921,110 (19%) Social Programs, 3,590,561 (9%)
Jusce Iniaves, The development & maintenance of 127,088 (0%) community infrastructure, The development & operaon Health Iniaves, 5,428,628 (14%) of recreaonal facilies, 328,447 (1%) 4,487,012 (10%) Senior & Youth Programs, Educaon & Educaon 4,427,727 (12%) facilies, 1,545,960 (4%)
Cultural & Spiritual Development, 2,093,298 (6%)
Economic Development The development & maintenance of community infrastructure Educaon & Educaon facilies Treaty Protecon Cultural & Spiritual Development Jusce Iniaves Governance Acvies Senior & Youth Programs Social Programs Health Iniaves The development & operaon of recreaonal facilies Any other Charitable Purpose
16 Expenditures by Allocation
41,300,925.00 (90%)
2,250,000.00 (5%)
675,000.00 (2%)
250,000.00 (1%)
671,197.50 (1%)
250,000.00 (1%)
150,000.00 (< 1%) 100,000.00 (< 1%)
Distribuons to First Naons FSIN FN Treaty Rights Protecon FNARF FSIN Gaming Acvies Trust Admin FSIN Senate FSIN Jurisdiconal Issues FSIN Gaming Negoaons
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