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Mitaanjigamiing First NationFiscal year 2024-2025

← 2023–24

First Nations / Band 133 · Ontario

Mitaanjigamiing First Nation

Fiscal year 2024-2025 (year-end 2025-03-31) · 200 registered · 133 on reserve · Pwi-Di-Goo-Zing Ne-Yaa-Zhing Advisory Services

Certified source-faithful captureCompatibility analytics availableFidelity audit passedNo OCROpinion: unqualifiedAuditor: MNP LLPReport dated 2025-11-04Prepared by: ManagementSource PDF hashed

At a glance · FY 2024-2025

Annual surplus (deficit)

$2.77M

$2,773,827

Total revenue

$16.5M

$16,517,929

Total expenses

$13.7M

$13,744,102

Accumulated surplus

$35.5M

$35,455,072

Total financial assets

$25.2M

$25,168,254

Total financial liabilities

$17.1M

$17,102,617

Net financial assets (debt)

$8.07M

$8,065,637

Total non-financial assets

$27.4M

$27,389,435

Revenue and expenses · FY 2024-2025

As published. Line items from the Statement of Operations, ranked by amount.

Revenue

  • Indigenous Services Canada$6.50M
  • Revenue - trust fund$4.71M
  • Miscellaneous$1.53M
  • Weechi-It-Te-Win$1.38M
  • OFNLP$772K
  • 1468069 Ontario Limited o/a Gobe Corporation$474K
  • Grand Council Treaty #3$366K
  • Ministry of Community and Social Services$181K
  • Giishkaandago'ikwe Health Services$179K
  • Ministry of Education$102K
  • Shooniyaa Wa-Biitong$98.7K
  • Ministry of Indigenous Affairs$85.0K
  • Ministry of Tourism, Culture and Sport$53.0K
  • Rental - housing and other buildings$30.0K
  • Resource and other economic development$26.8K
  • Ministry of Health and Long-Term Care$21.9K

Expenses

  • Band support$3.71M
  • Education$1.66M
  • Community comprehensive plan$1.29M
  • Weechi-It-Te-Win program$1.24M
  • Operations and maintenance$817K
  • Community Based Initiative$667K
  • FN Representative Service$662K
  • Revenue Resource Sharing$576K
  • Integrated Community Based Health Services$517K
  • OFNLP$515K
  • Capital programs$364K
  • 1468069 Ontario Limited o/a Gobe Corporation$328K
  • Social services$250K
  • Child and Family Services$241K
  • Other Child Welfare$140K
  • Other Health$99.8K
  • Other operating programs$96.9K
  • Child and family program$88.0K
  • Land use planning$86.8K
  • Aboriginal healing and wellness strategy$83.6K
  • Employment and Training$82.6K
  • New Relationship Fund$76.5K
  • Indian Residential Schools$58.1K
  • FNCFS Housing Allocation$54.9K
  • IESO$25.9K
  • Home and community care$20.4K

Reconciliation: revenue $16.5M − expenses $13.7M = $2.77M surplus

Data by fiscal year

Each row is a fiscal year; every cell opens that data product. Missing data is shown, not hidden.

Fiscal yearStatement tables, notes, schedulesOperationsFinancial positionHeadline figuresCouncil paySource PDF
2024-2025viewingViewViewViewView1 rowsPDF
2023-2024Posted, not captured———1 rowsPDF
2022-2023Posted, not captured———1 rowsPDF
2021-2022Posted, not captured———1 rowsPDF
2020-2021Posted, not captured———3 rowsPDF
2019-2020Posted, not captured———1 rowsPDF
2018-2019Posted, not captured———1 rowsPDF
2017-2018Posted, not captured———1 rowsPDF
2016-2017Posted, not captured———1 rowsPDF
2015-2016Posted, not captured———1 rowsPDF
2014-2015Posted, not captured———4 rowsPDF
2013-2014Posted, not captured———1 rowsPDF

Statements as published · FY 2024-2025

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Consolidated Statement of Financial Position

FY 2024-2025 · PDF page 6

FA − FL = Net FA: matchedNet FA + NFA = Acc. surplus: matched
20252024
Cash and cash equivalents (Note 1)n14,074,1156,897,719
Short-term investment (Note 2)n21,486,3102,346,155
Accounts receivable7,650,0427,311,698
Loans and advances (Note 3)n372,88758,739
Investments held in trust (Note 14)n1493,38066,624
Investment in government business partnerships (Note 5)n511,618,6651,607,333
Portfolio investments (Note 4)n4172,855172,855
[Total Financial assets]25,168,25418,461,123
Accounts payable and accrued liabilities2,660,8031,346,263
Term loans (Note 10)n109,954,1563,446,507
Demand debt (Note 9)n940,00040,000
Deferred revenue (Note 8)n84,447,6585,182,212
[Total Liabilities]17,102,61710,014,982
Net financial assets8,065,6378,446,141
Tangible capital assets (Note 7)n725,839,28223,545,918
Prepaid expenses3664,234
Tangible capital assets under construction1,549,787575,080
[Total Non-financial assets]27,389,43524,125,232
Accumulated surplus35,455,07232,571,373
Accumulated operating surplus (Note 6)n635,367,45632,593,629
Accumulated remeasurement gains (losses)87,616(22,256)
[Total Accumulated surplus]35,455,07232,571,373

Consolidated Statement of Operations

FY 2024-2025 · PDF page 7

Rev − Exp = Surplus: matched
Budget (Note 13)(budget)20252024
Indigenous Services Canada (Note 19)n198,877,3356,498,7965,813,603
Revenue - trust fund3,375,5174,714,7783,714,636
Rental - housing and other buildings19,75030,00027,800
Ministry of Community and Social Services167,544181,468128,530
Ministry of Education197,736101,603169,337
Ministry of Health and Long-Term Care164,90021,936124,573
Ministry of Indigenous Affairs193,25085,000220,071
Miscellaneous1,652,2941,531,972792,806
Shooniyaa Wa-Biitong347,33598,659458,684
Resource and other economic development38,78326,75542,424
Ministry of Tourism, Culture and Sport-⚑53,00053,000
OFNLP440772,090626,446
Giishkaandago'ikwe Health Services139,400178,600141,935
Weechi-It-Te-Win840,9851,383,6201,200,290
Grand Council Treaty #31,077,035366,061666,288
1468069 Ontario Limited o/a Gobe Corporation-⚑473,591314,501
[Total Revenue]17,092,30416,517,92914,494,924
Band support2,228,4253,708,4272,727,570
Operations and maintenance489,611816,974698,872
Education2,280,9061,656,4831,513,915
Social services490,463250,381248,207
Other operating programs61,43096,86568,855
Weechi-It-Te-Win program1,039,9051,239,1231,079,421
Aboriginal healing and wellness strategy77,96983,63759,695
Capital programs1,032,600364,191245,616
Child and Family Services440,562241,190257,294
Integrated Community Based Health Services533,512516,601355,296
OFNLP232,991514,764396,739
New Relationship Fund85,00076,50068,821
1468069 Ontario Limited o/a Gobe Corporation-⚑327,537335,689
Child and family program136,18687,98475,718
Home and community care98,86020,390115,927
Community comprehensive plan3,375,5171,289,691610,044
Land use planning185,11286,76653,360
Econcomic development-⚑-⚑28,409
Revenue Resource Sharing-⚑575,655229,234
Indian Residential Schools113,61858,136252,252
IESO47,75025,92629,802
Other Programs150,500-⚑-⚑
Other Land Based Programs46,825-⚑121,008
Other Health470,40499,809327,533
Other Child Welfare250,000140,409249,509
Employment and Training300,51682,595180,781
FN Representative Service217,246661,970422,176
FNCFS Housing Allocation-⚑54,861-⚑
Community Based Initiative30,000667,23762,575
[Total Expenditures]14,415,90813,744,10210,814,318
Annual surplus (deficit)2,676,3962,773,8273,680,606

Consolidated Statement of Changes in Accumulated Surplus

FY 2024-2025 · PDF page 8

20252024
First Nation accumulated surplus, beginning of year32,593,62928,913,023
Annual surplus2,773,8273,680,606
First Nation accumulated surplus, end of year35,367,45632,593,629

Consolidated Statement of Remeasurement Gains or Losses

FY 2024-2025 · PDF page 9

20252024
Accumulated remeasurement gains (losses), beginning of year(22,256)(95,709)
Short term investments109,87273,453
Accumulated remeasurement gains (losses), end of year87,616(22,256)

Consolidated Statement of Change in Net Financial Assets (Debt)

FY 2024-2025 · PDF page 10

Budget (Note 13)(budget)20252024
Annual surplus (deficit)2,676,3962,773,8273,680,606
Acquisition of tangible capital assets(3,023,488)(2,591,210)(3,006,001)
Acquisition of tangible capital assets under construction-⚑(1,549,787)(575,080)
Amortization of tangible capital assets669,665872,926755,478
Gain on sale of tangible capital assets
Proceeds on sale of tangible capital assets
[Total changes related to capital assets]322,573(494,244)855,003
Consumption of prepaid expenses and inventory of supplies-⚑3,868(1,392)
Net decrease in net financial assets (debt) net remeasurement gains (losses)322,573(490,376)853,611
Net remeasurements gains (losses)-⚑109,87273,453
Changes in net assets (debt)3,225,594(380,504)927,064
Net financial assets (debt), beginning of year8,446,1418,446,1417,519,077
Net financial assets (debt), end of year8,768,7148,065,6378,446,141

Consolidated Statement of Cash Flows

FY 2024-2025 · PDF page 11

20252024
Annual surplus2,773,8273,680,606
Remeasurement gain (loss)109,87373,453
Amortization of tangible capital assets872,926755,478
Accounts receivable(338,344)(807,343)
Loans and advances(14,148)(10,850)
Prepaid expenses3,868(1,392)
Accounts payable and accrued liabilities1,314,538(38,965)
Deferred revenue(734,554)2,024,969
[Cash flows from operating activities]3,987,9865,675,956
Acquisition of tangible capital assets(2,591,210)(3,006,001)
Acquisition of tangible capital assets under construction(1,549,787)(575,080)
[Cash flows from capital activities](4,140,997)(3,581,081)
Increase (decrease) in demand debt and term loans6,507,6493,345,212
[Cash flows from financing activities]6,507,6493,345,212
Purchase of investments(9,151,487)(872,409)
Trust funds(26,755)(44,958)
[Cash flows from investing activities](9,178,242)(917,367)
Increase (decrease) in cash during the year(2,823,604)4,522,720
Cash and cash equivalents, beginning of year6,897,7192,374,999
Cash and cash equivalents, end of year4,074,1156,897,719

2025 Segment Disclosure

FY 2024-2025 · PDF page 30

Band SupportOperations and Maintenance(other)Education(other)Medical and Health(other)Capital(other)Other(other)Total(other)
Indigenous Services Canada266,6261,263,4521,905,241433,352534,4192,095,7066,498,796
Canada76,532-⚑-⚑-⚑-⚑416,220492,752
Ontario53,000-⚑-⚑-⚑-⚑390,007443,007
OFNLP-⚑-⚑-⚑-⚑-⚑772,090772,090
Trust income952,946-⚑-⚑-⚑-⚑3,761,8324,714,778
Other Aboriginal Organizations121,996-⚑-⚑69,209-⚑1,958,8242,150,029
Interest, rentals and other823,21230,000-⚑-⚑-⚑593,2651,446,477
[Total Revenue]2,294,3121,293,4521,905,241502,561534,4199,987,94416,517,929
Salaries, wages and benefits1,348,686143,274256,325279,00191,7971,816,3693,935,452
Materials, supplies and capital1,056,077438,9641,353,171273,222272,3944,486,0397,879,867
Contracted services289,232-⚑-⚑2,255-⚑157,847449,334
Rents and financial expenses372,357-⚑-⚑-⚑-⚑790373,147
Travel105,82851916,73228,159-⚑85,398236,636
Amortization587,594234,21630,25417,602-⚑-⚑869,666
[Total Expenditures]3,759,774816,9731,656,482600,239364,1916,546,44313,744,102
Excess (deficiency) of revenue over expenditures1,465,462476,479248,759(97,678)170,2283,441,5012,773,827

2024 Segment Disclosure

FY 2024-2025 · PDF page 31

Band SupportOperations and Maintenance(other)Education(other)Medical and Health(other)Capital(other)Other(other)Total(other)
Indigenous Services Canada436,5601,123,7261,560,237470,555940,8691,281,6565,813,603
Canada-⚑-⚑-⚑-⚑-⚑166,875166,875
Ontario53,000-⚑-⚑-⚑-⚑534,935587,935
OFNLP-⚑-⚑-⚑-⚑-⚑626,446626,446
Trust income-⚑-⚑-⚑-⚑-⚑3,714,6363,714,636
Other Aboriginal Organizations175,061-⚑-⚑67,210-⚑2,363,3712,605,642
Interest, rentals and other519,98727,800-⚑-⚑67,500364,500979,787
[Total Revenue]1,184,6081,151,5261,560,237537,7651,008,3699,052,41914,494,924
Salaries, wages and benefits1,042,30699,850248,532165,23398,2211,542,0203,196,162
Materials, supplies and capital655,251383,3521,222,829209,187147,3943,094,4435,712,456
Contracted services175,942-⚑-⚑15,351-⚑507,107698,400
Rents and financial expenses273,942-⚑-⚑-⚑-⚑-⚑273,942
Travel93,4532,0549,0487,619-⚑69,784181,958
Amortization486,676213,61733,50517,602-⚑-⚑751,400
[Total Expenditures]2,727,570698,8731,513,914414,992245,6155,213,35410,814,318
Excess (deficiency) of revenue over expenditures1,542,962452,65346,323122,773762,7543,839,0653,680,606

Notes to the financial statements

Verbatim, as published. Statement lines above link to their notes.

Note 1Cash and Cash Equivalents

20252024
Reserves442,799442,799
Operating3,631,3166,454,920
Total cash and cash equivalents4,074,1156,897,719
Note 2Short-term Investment

20252024
RBC Dominion Securities1,486,3102,346,155
Note 3Loans and Advances

20252024
Nanicost Ltd. - note receivablenreceivable795745
Loans and advances85,29771,199
Allowance for doubtful accounts(13,205)(13,205)
[Total]72,88758,739
Note 4Portfolio Investments

20252024
Boundary Waters Anishinaabeg Development, LP158,331158,331
Rainy Lake Tribal Resource Management7,0357,035
Nanicost Ltd.7,3897,389
Agency One GP100100
[Total]172,855172,855
Note 5Government Business Enterprises and Partnerships, at modified equity

Zazega Akiins Land and Resources, LP(budget)Agency One LPTotal
Percentage ownership
Carrying value, March 31, 2023-⚑224,608224,608
Purchase of shares100-⚑100
Share of net income (loss)(491)127,207126,716
Changes in capital1,431,777(175,868)1,255,909
Carrying value, March 31, 20241,431,386175,9471,607,333
Share of net income (loss)(19,354)17,075(2,279)
Changes in capital9,908,624104,98710,013,611
Carrying value, March 31, 202511,320,656298,00911,618,665
Zazega Akiins Land and Resources, LPAgency One LP(other)2025 Total(other)2024 Total(other)
Current assets1,124,4112,288,5913,413,0021,002,784
Long-term asset10,544,2005,97710,550,1772,070,052
Total assets11,668,6112,294,56813,963,1793,072,836
Current liabilities-⚑623,511623,51121,711
Long-term liabilities-⚑478,800478,800746,000
Total liabilities-⚑1,102,3111,102,311767,711
Share capital101401502502
Net equity (deficit), end of year11,668,5101,191,85612,860,3662,302,024
Equity (deficit)11,668,6111,192,25712,860,8682,302,526
[Total Liabilities and Equity]11,668,6112,294,56813,963,1793,070,237
Revenues-⚑1,570,3111,570,3113,634,118
Operating expenses19,3561,501,7931,521,1493,569,950
Net income (loss)(19,356)68,51849,16264,168
Contributions (distributions)10,256,480250,00010,506,4801,638,311
Net equity (deficit), beginning of year1,431,386873,3382,304,724602,245
Net equity (deficit), end of year11,668,5101,191,85612,860,3662,304,724
Note 6Accumulated Surplus

20252024
Tangible capital assets25,826,24923,529,625
Tangible capital assets under construction1,549,787575,080
Debt related to capital(44,263)(93,457)
Total investment in tangible capital assets27,331,77324,011,248
Current fund surplus (deficit)3,999,5048,402,762
Other government Organization-⚑(329,804)
School bus22,79922,799
Water treatment plant20,00020,000
Land acquisition300,000300,000
Boffin Lake100,000100,000
Community development3,500,000-⚑
Total reserve funds3,942,799442,799
Revenue trust4444
Rainy River District First Nation Trust93,33666,580
Total trust investments93,38066,624
[Total Accumulated Surplus]35,367,45632,593,629
Note 7Tangible Capital Assets

BuildingsEquipment(other)Vehicles(other)Roads(other)Housing(other)Other(other)Total(other)
Cost, beginning of year13,390,2651,195,1841,332,482256,97814,210,696114,31430,499,919
Additions967,43967,183420,602100,0001,611,066-⚑3,166,290
Disposals
Cost, end of year14,357,7041,262,3671,753,084356,97815,821,762114,31433,666,209
Accumulated amortization, beginning of year3,287,438751,510627,171103,3132,110,70473,8656,954,001
Amortization286,01783,388178,9094,177317,5722,863872,926
Disposals
Accumulated amortization, end of year3,573,455834,898806,080107,4902,428,27676,7287,826,927
Net carrying amount, end of year10,784,249427,469947,004249,48813,393,48637,58625,839,282
BuildingsEquipment(other)Vehicles(other)Roads(other)Housing(other)Other(other)Total(other)
Cost, beginning of year12,460,5001,107,7101,140,423256,97812,286,788114,31427,366,713
Additions929,76587,474192,059-⚑1,923,908-⚑3,133,206
Disposals
Cost, end of year13,390,2651,195,1841,332,482256,97814,210,696114,31430,499,919
Accumulated amortization, beginning of year3,020,770670,896507,253100,3861,825,35373,8656,198,523
Amortization266,66880,614119,9182,927285,351-⚑755,478
Disposals
Accumulated amortization, end of year3,287,438751,510627,171103,3132,110,70473,8656,954,001
Net carrying amount, end of year10,102,827443,674705,311153,66512,099,99240,44923,545,918
Note 8Deferred Revenue

Balance March 31, 2024Funding Received 2025(other)Revenue Recognized 2025(other)Balance March 31, 2025(other)
ISC - Education1,163,2001,753,6781,905,2411,011,637
ISC - Prev/Least Disruptive776,556794,735281,3581,289,933
ISC - FNCFS Housing Allocation158,029146,63754,861249,805
ISC - Flood Vulnerability-⚑17,667-⚑17,667
ISC - Water Treatment Plant1,076,190419,791884,601611,380
ISC - Capacity Development-⚑300,000165,409134,591
ISC - Jordans Principle137,3665,524100,36142,529
ISC - Comm Opport Readiness765,435-⚑667,53797,898
ISC - Economic Development-⚑30,000-⚑30,000
Ministry of Health and Long-Term Care60,546116,90021,936155,510
Ministry of Education12,243138,677101,60349,317
Giishkaandago'ikwe Health Services167,501235,570171,500231,571
Weechi-It-Te-Win707,8671,157,4671,383,620481,714
Canadian Heritage Fund66,220-⚑66,220-⚑
Agency One, LP69,50453,583123,087-⚑
Ontario First Nations Economic Development Association21,55522,551-⚑44,106
[Total]5,182,2125,192,7805,927,3344,447,658
Note 9Demand Debt

20252024
CMHC Home Adaptations for Seniors non-interest bearing promissory note. Repayable to CMHC within 30 days of notification. Repayment to be forgiven in full, six months from the date of payment in full by CMHC of the loan amount, provided the First Nation is not in breach of the terms and conditions for the loan.40,00040,000
Amount
203140,000
Note 10Term Loans

20252024
RBC loan with interest at 4.41%, equipment loan, repayable in monthly installments of $4,279 principal and interest, maturing April 2025, secured by specific equipment.4,26353,457
Peace Hills Trust loan with interest at 5.20%, community development loan, repayable in annual installments of $280,889 principal plus interest, maturing April 2044.9,949,8933,393,050
[Total]9,954,1563,446,507
Principal Repayments(budget)InterestTotal
2026444,203147,217591,420
2027331,794494,518826,312
2028349,037477,265826,302
2029367,186459,115826,301
2030386,280440,021826,301
Thereafter8,075,6563,492,55211,568,208
[Total]9,954,1565,510,68815,464,844
Note 13Budget Information

2025
Financial Plan (budget) deficit for the year404,308
Capital expenditures3,023,488
Amortization(751,400)
Budget deficit per consolidated statement of operations2,676,396
Note 14Investments Held in Trust

Balance March 31, 2024Additions 2025(other)Withdrawals 2025(other)Balance March 31, 2025(other)
First Nation Trust66,57926,756-⚑93,335
Revenue45-⚑-⚑45
[Total]66,62426,756-⚑93,380
Note 17Expenditure by Object

20252024
Salaries, wages and employee benefits3,935,4523,196,162
Materials and supplies7,879,8675,712,456
Contracted services449,334698,400
Rents and financial expenses373,147273,942
Travel236,636181,958
Amortization869,666751,400
[Total]13,744,10210,814,318
Note 19Funding Reconciliation

20252024
ISC revenue per funding confirmation5,907,4607,082,816
Deferred revenue591,336(1,269,213)
ISC revenue per the consolidated financial statements6,498,7965,813,603

Chief and council pay · FY 2024-2025

1 certified rows

Filed under the FNFTA as the Schedule of Remuneration and Expenses.

PositionNameRemunerationExpensesTotal
ChiefJanice Henderson$185,341$900$186,241

Schedules of remuneration are published unaudited. These are certified compatibility rows; blank totals stay blank and the application does not manufacture a combined total. The lossless release also preserves every printed component and service term (capture method: ocr). Source document

Specific land claims

All years, from the ISC specific-claims reporting centre, not the financial statement.

Anicinabe ParkConcluded—

No Lawful Obligation Found

Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

Flooding (Tr3 Flooding Project)Settled$45,049,141

Settlement Report on Specific Claims

Settled 2022/05/31 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

HeadlandsOther—

File Closed

Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

Rainy LakeSettled$2,789,231

Settlement Report on Specific Claims

Settled 1990/07/31 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

Treaty Land EntitlementSettled$23,598,832

Settlement Report on Specific Claims

Settled 2018/01/03 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

Total reported settlements (5 claims)—

Community context

Governance

Chief
MADELINE (JANICE) HENDERSON (term to 2027-05-06)
Council
2 councillors
Election system
Custom Electoral System
Tribal council
Pwi-Di-Goo-Zing Ne-Yaa-Zhing Advisory Services
Show council
  • CHRISTOPHER SHAWN HENDERSON Councillor
  • DARLENE WHITECROW Councillor

Reserves and location

Reserves
2 reserves
Region
ONTARIO · near Thunder Bay
Show reserves
  • RAINY LAKE 18C · 1,563 ha
  • AGENCY 1 · 14 ha

Population

Registered
200
On reserve
133
As of
May, 2026
Show full breakdown
  • On own reserve: 133 · 69 M / 64 F
  • On other reserves: 4 · 2 M / 2 F
  • On own Crown land: 0 · 0 M / 0 F
  • On other band Crown land: 0 · 0 M / 0 F
  • On no band Crown land: 0 · 0 M / 0 F
  • Off reserve: 63 · 37 M / 26 F

Registry facts from the ISC First Nation profiles; land and coordinates from federal open data.