FNFTA Insights

Chippewas of Georgina IslandFiscal year 2024-2025

← 2023–24

First Nations / Band 138 · Ontario

Chippewas of Georgina Island

Fiscal year 2024-2025 (year-end 2025-03-31) · 969 registered · 209 on reserve · Ogemawahj Tribal Council

Certified source-faithful captureCompatibility analytics availableFidelity audit passedNo OCROpinion: unqualifiedAuditor: not capturedReport dated 2025-07-30Prepared by: ManagementSource PDF hashed

At a glance · FY 2024-2025

Annual surplus (deficit)

$22.1M

$22,132,765

Total revenue

$86.9M

$86,929,234

Total expenses

$64.8M

$64,796,469

Accumulated surplus

$298M

$297,619,260

Total financial assets

$227M

$227,398,811

Total financial liabilities

$27.1M

$27,075,998

Net financial assets (debt)

$200M

$200,322,813

Total non-financial assets

$97.3M

$97,296,447

Revenue and expenses · FY 2024-2025

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

Revenue

  • REVENUES: Other$43.8M
  • REVENUES: Indigenous Services Canada$25.0M
  • REVENUES: Gain (loss) on sale of investments$5.23M
  • REVENUES: Interest$4.13M
  • REVENUES: Province of Ontario$2.44M
  • REVENUES: Dividend$1.67M
  • REVENUES: Ontario First Nations Limited Partnership$1.51M
  • REVENUES: Land leases and fees$1.25M
  • REVENUES: Taxation$1.11M
  • REVENUES: Health Canada$588K
  • REVENUES: CMHC$163K

Expenses

  • EXPENSES: Operating$29.3M
  • EXPENSES: Tobacco Trails$20.1M
  • EXPENSES: Daawegamig Lodge$4.00M
  • EXPENSES: Island View Business Centre$2.55M
  • EXPENSES: Williams Treaty Settlement$1.85M
  • EXPENSES: Williams Treaty Trust$1.70M
  • EXPENSES: Per Capita Distribution$1.69M
  • EXPENSES: Virginia Beach Marina$1.26M
  • EXPENSES: Lands$1.15M
  • EXPENSES: Coldwater Narrows Trust$469K
  • EXPENSES: Social Housing$417K
  • EXPENSES: Hadden Road Developments$256K
  • EXPENSES: Nish Radio Inc.$95.8K
  • EXPENSES: Ontario First Nations Land Partnership$125
  • EXPENSES: Goin Fuel Company$85

Reconciliation: revenue $86.9M − expenses $64.8M = $22.1M 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
2024-2025viewingViewViewViewView5 rowsPDF
2023-2024Posted, not captured———5 rowsPDF
2022-2023Posted, not captured———5 rowsPDF
2021-2022Posted, not captured———5 rowsPDF
2020-2021Posted, not captured———Posted, not capturedPDF
2019-2020Posted, not captured———5 rowsPDF
2018-2019Posted, not captured———5 rowsPDF
2017-2018Posted, not captured———5 rowsPDF
2016-2017Posted, not captured———5 rowsPDF
2015-2016Posted, not captured———5 rowsPDF
2014-2015Posted, not captured———Posted, not capturedPDF
2013-2014Posted, not captured———5 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
FINANCIAL ASSETS: Cash (Note 2)n239,104,66241,391,204
FINANCIAL ASSETS: Portfolio investments (Note 3)n3183,284,118180,133,837
FINANCIAL ASSETS: Receivables (Note 5)n53,144,2216,334,933
FINANCIAL ASSETS: Inventories for resale (Note 6)n61,230,993908,980
FINANCIAL ASSETS: Mortgages receivable (Note 7)n716,19119,412
FINANCIAL ASSETS: Net investment in leases (Note 8)n8618,626663,991
[total FINANCIAL ASSETS]227,398,811229,452,357
FINANCIAL LIABILITIES: Payables and accruals (Note 9)n97,918,2266,499,719
FINANCIAL LIABILITIES: Deferred revenue (Note 10)n1012,164,48319,713,222
FINANCIAL LIABILITIES: Long-term debt (Note 11)n116,669,9896,940,383
FINANCIAL LIABILITIES: Asset retirement obligations (Note 13)n13323,300323,300
[total FINANCIAL LIABILITIES]27,075,99833,476,624
NET FINANCIAL ASSETS200,322,813195,975,733
NON-FINANCIAL ASSETS: Construction-in-progress (Note 14)n1423,657,8034,465,903
NON-FINANCIAL ASSETS: Prepaid expenses33,02640,818
NON-FINANCIAL ASSETS: Tangible capital assets (Note 14)n1473,605,61869,630,326
[total NON-FINANCIAL ASSETS]97,296,44774,137,047
ACCUMULATED SURPLUS (Note 18)n18297,619,260270,112,780

Consolidated Statement of Operations

FY 2024-2025 · PDF page 7

Rev − Exp = Surplus: matched
Budget(budget)20252024
REVENUES: Health Canada599,092587,815567,341
REVENUES: CMHC159,625162,980157,478
REVENUES: Indigenous Services Canada5,773,50225,000,22220,276,970
REVENUES: Province of Ontario1,710,8302,442,1873,780,400
REVENUES: Land leases and fees1,208,6511,246,6401,255,747
REVENUES: Ontario First Nations Limited Partnership-⚑1,512,7291,230,925
REVENUES: Interest217,7404,125,1203,665,668
REVENUES: Dividend-⚑1,667,1601,574,166
REVENUES: Taxation1,114,3281,109,1381,087,848
REVENUES: Other40,991,04243,847,34839,125,129
REVENUES: Gain (loss) on sale of investments-⚑5,227,8952,276,934
[total REVENUES]51,774,81086,929,23474,998,606
EXPENSES: Operating18,286,61929,303,11126,570,101
EXPENSES: Social Housing276,865416,602271,040
EXPENSES: Lands1,347,8841,149,953991,496
EXPENSES: Nish Radio Inc.121,78695,759113,148
EXPENSES: Island View Business Centre2,619,7472,545,0172,505,980
EXPENSES: Tobacco Trails20,735,22520,055,25219,898,860
EXPENSES: Daawegamig Lodge4,465,5523,995,4174,524,990
EXPENSES: Virginia Beach Marina1,262,1471,262,5281,473,649
EXPENSES: Goin Fuel Company-⚑8554
EXPENSES: Hadden Road Developments-⚑256,17551,863
EXPENSES: Ontario First Nations Land Partnership-⚑125125
EXPENSES: Coldwater Narrows Trust-⚑468,500454,078
EXPENSES: Williams Treaty Settlement-⚑1,853,122985,215
EXPENSES: Williams Treaty Trust-⚑1,700,2271,415,350
EXPENSES: Per Capita Distribution-⚑1,694,5961,379,176
[total EXPENSES]49,115,82564,796,46960,635,125
EXCESS OF REVENUE OVER EXPENDITURES2,658,98522,132,76514,363,481

Consolidated Statement of Accumulated Surplus

FY 2024-2025 · PDF page 8

20252024
ACCUMULATED SURPLUS - BEGINNING OF YEAR270,112,780246,753,762
EXCESS OF REVENUE OVER EXPENDITURES22,132,76514,363,481
REMEASUREMENT GAINS AND LOSSES - NET (Page 7)5,373,7158,995,537
ACCUMULATED SURPLUS - END OF YEAR297,619,260270,112,780

Consolidated Statement of Changes in Net Financial Assets

FY 2024-2025 · PDF page 9

20252024
EXCESS OF REVENUE OVER EXPENDITURES22,132,76514,363,481
Tangible capital assets: Acquisition of tangible capital assets(28,225,969)(16,593,729)
Tangible capital assets: Amortization of tangible capital assets5,058,7774,443,274
[total Tangible capital assets](23,167,192)(12,150,455)
Change in prepaid expenses7,792(7,512)
Remeasurement gains and losses (Page 7)5,373,7158,995,537
INCREASE IN NET FINANCIAL ASSETS4,347,08011,201,051
NET FINANCIAL ASSETS - BEGINNING OF YEAR195,975,733184,774,682
NET FINANCIAL ASSETS - END OF YEAR200,322,813195,975,733

Statement of Remeasurement Gains and Losses

FY 2024-2025 · PDF page 10

20252024
ACCUMULATED REMEASUREMENT GAIN - BEGINNING OF YEAR12,594,9983,599,461
Unrealized gain (losses) attributed to: Foreign exchange1,925,214837,345
Unrealized gain (losses) attributed to: Investments3,448,5018,158,192
Net remeasurement for the year5,373,7158,995,537
ACCUMULATED REMEASUREMENT GAIN - END OF YEAR17,968,71312,594,998

Consolidated Statement of Cash Flows

FY 2024-2025 · PDF page 11

20252024
OPERATING ACTIVITIES: Excess of revenues over expenditures22,132,76514,363,481
OPERATING ACTIVITIES: Items not affecting cash: Amortization of tangible capital assets5,058,7774,443,274
OPERATING ACTIVITIES: Items not affecting cash: Amortization of net investment in leases(16,376)(17,584)
OPERATING ACTIVITIES: Items not affecting cash: (Gain) loss on sale of investments(5,227,895)(2,276,934)
[subtotal OPERATING ACTIVITIES]21,947,27116,512,237
Changes in non-cash working capital (Note 18)n18(3,192,000)7,112,499
Cash flow from operating activities18,755,27123,624,736
INVESTING ACTIVITIES: Decrease (increase) in portfolio investments7,451,329(11,352,563)
INVESTING ACTIVITIES: Payments received for mortgages receivable3,2213,663
Cash flow from (used by) investing activities7,454,550(11,348,900)
FINANCING ACTIVITY: Long-term debt(270,394)4,869,490
CAPITAL TRANSACTIONS: Purchase of tangible capital assets(28,225,969)(16,593,729)
CAPITAL TRANSACTIONS: Increase in asset retirement obligations-⚑218,000
Cash flow used by capital transactions(28,225,969)(16,375,729)
INCREASE (DECREASE) IN CASH FLOW(2,286,542)769,597
CASH - BEGINNING OF YEAR41,391,20440,621,607
CASH - END OF YEAR (Note 2)n239,104,66241,391,204

Notes to the financial statements

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

Note 2CASH

20252024
Internally designated cash: OFNLP5,349,9304,616,834
Internally designated cash: Per Capita Distributions248,339751,916
Internally designated cash: Williams Treaty Settlement1,920,6371,821,412
Internally designated cash: Capital Reserve Fund309,857208,689
Internally designated cash: Coldwater Narrows Trust funds held by the Trustee621,141331,567
Internally designated cash: Williams Treaty Trust funds held by the Trustee734,631182,429
Unrestricted: Operating9,358,5887,066,511
Unrestricted: Social Housing1,537,6981,262,091
Unrestricted: Coldwater Narrows Trust Revenue5,086,5634,938,517
Unrestricted: Williams Treaty Trust Revenue4,610,0454,062,190
Unrestricted: Other9,327,23316,149,048
[total]39,104,66241,391,204
Note 3PORTFOLIO INVESTMENTS - Fair Market Value

20252024
Fair Market Value: Fixed income securities40,777,04637,229,906
Fair Market Value: Equity securities119,046,937116,628,850
Fair Market Value: Other assets23,460,13526,275,081
[total]183,284,118180,133,837
20252024
Cost: Fixed income securities42,815,14641,281,759
Cost: Equity securities99,355,317100,335,346
Cost: Other assets23,287,66623,258,793
[total]165,458,129164,875,898
Note 4FINANCIAL INSTRUMENT CLASSIFICATION

Fair Value(budget)Amortized Cost2025
Cash39,104,662-⚑39,104,662
Portfolio investments183,284,118-⚑183,284,118
Receivables-⚑3,144,2213,144,221
Mortgages receivable-⚑16,19116,191
Net investment in leases-⚑618,626618,626
Payables and accruals-⚑7,918,2267,918,226
Long-term debt-⚑6,669,9896,669,989
[total]222,388,78018,367,253240,756,033
Within 1 year2 to 5 years(other)6 to 10 years(other)Over 10 years(other)Total(other)
Carrying Value2,203,82110,250,08212,772,6906,901,80132,128,394
Percent of Total
Note 5RECEIVABLES

20252024
Due from members: Social Housing21,70232,140
Government funding: Indigenous Services Canada468,8844,263,570
Government funding: Province of Ontario15,2351,087,121
Government funding: OTC264,399314,737
Government funding: Union of Ontario Indians505,000192,742
Lands38,54211,550
Other1,788,351379,448
Interest53,65865,175
Less: allowance for doubtful accounts(11,550)(11,550)
[total]3,144,2216,334,933
Note 6INVENTORIES FOR RESALE

20252024
Lands6,2745,031
Virginia Beach Marina48,37239,714
Tobacco Trails903,531538,068
Daawegamig Lodge272,816326,167
[total]1,230,993908,980
Note 7MORTGAGES RECEIVABLE

Principal
20264,425
20274,744
20287,022
[total]16,191
Note 8NET INVESTMENT IN LEASES

Principal
202646,610
202747,895
202849,220
202950,586
203051,995
Thereafter372,320
[total]618,626
Note 9PAYABLES AND ACCRUALS

20252024
Payables and accrued liabilities7,571,5166,359,241
Accrued salaries and employee benefits payable170,96359,186
Coldwater Narrows Trust per capita distributions to members76,38681,292
Williams Treaty Trust distributions to members99,361-⚑
[total]7,918,2266,499,719
Note 10DEFERRED REVENUE

2024 BalanceFunding Received(other)Revenue Recognized(other)2025 Balance(other)
Customer deposit114,182116,441114,182116,441
Lands452,370442,365352,065542,670
Taxation revenue11,25380,18911,25380,189
Other1,296,088657,8931,289,688664,293
Kinoomaadziwin Education Body (KEB)2,392,5562,722,0642,392,5562,722,064
Indigenous Services Canada15,446,7735,825,29213,233,2398,038,826
[total]19,713,2229,844,24417,392,98312,164,483
Note 11LONG TERM DEBT

20252024
Mortgage loan bearing interest at 0.74% per annum, repayable in monthly blended payments of $2,551. The loan renews in 2026 and is due in 2031.160,024189,338
Mortgage loan bearing interest at 3.52% per annum, repayable in monthly blended payments of $2,764. The loan renews in 2029 and is due in 2033.226,995251,775
Mortgage loan bearing interest at 0.68% per annum, repayable in monthly blended payments of $1,391. The loan renews in 2026 and is due in 2036.162,676178,214
Mortgage loan bearing interest at 1.13% per annum, repayable in monthly blended payments of $1,576. The loan renews in 2027 and is due in 2037.201,082217,628
Mortgage loan bearing interest at 0.96% per annum, repayable in monthly blended payments of $1,068. The loan renews in 2026 and is due in 2040.175,255186,335
Mortgage loan bearing interest at 3.63% per annum, repayable in monthly blended payments of $5,410. The loan renews in 2030 and is due in 2044.886,657917,093
FNFA promissory note bearing interest at 4.47% per annum, repayable in monthly blended payments of $34,488 and is secured by OFNLP revenues. The note is due in 2035.nbearingnis4,857,3005,000,000
[total]6,669,9896,940,383
Principal
2026752,149
2027430,355
2028255,415
2029384,379
2030953,445
Thereafter3,894,246
[total]6,669,989
Note 14PROPERTY, PLANT AND EQUIPMENT

2024 BalanceAdditions(other)Disposals/ Transfers(other)2025 Balance(other)
Cost: Land25,835,05417,500-⚑25,852,554
Cost: Buildings16,448,0844,072,201-⚑20,520,285
Cost: Equipment5,576,044891,311-⚑6,467,355
Cost: Boats9,436,436184,508-⚑9,620,944
Cost: Vehicles3,978,962256,459-⚑4,235,421
Cost: Water system23,822,717956,876-⚑24,779,593
Cost: Parking lot343,353-⚑-⚑343,353
Cost: Roads12,039,9372,655,215-⚑14,695,152
Cost: Docks1,939,391-⚑-⚑1,939,391
Cost: Construction-in-progress4,465,90319,317,629125,72923,657,803
[total Cost]103,885,88128,351,699125,729132,111,851
Accumulated Amortization: Buildings5,459,070651,548-⚑6,110,618
Accumulated Amortization: Equipment3,089,832486,726-⚑3,576,558
Accumulated Amortization: Boats5,723,550214,691-⚑5,938,241
Accumulated Amortization: Vehicles2,741,730510,787-⚑3,252,517
Accumulated Amortization: Water system6,215,9842,260,661-⚑8,476,645
Accumulated Amortization: Parking lot256,2999,616-⚑265,915
Accumulated Amortization: Roads4,516,426886,590-⚑5,403,016
Accumulated Amortization: Docks1,786,76238,158-⚑1,824,920
[total Accumulated Amortization]29,789,6535,058,777-⚑34,848,430
20252024
Land25,852,55425,835,054
Buildings14,409,66710,989,014
Equipment2,890,7972,486,212
Boats3,682,7033,712,886
Vehicles982,9041,237,232
Water system16,302,94817,606,733
Parking lot77,43887,054
Roads9,292,1367,523,511
Docks114,471152,629
Construction-in-progress23,657,8034,465,903
[total]97,263,42174,096,228
Note 16SEGMENTED REPORTING

General GovernmentHealth(other)Education(other)Social Programs(other)Public Infrastructure(other)
Revenue: Government of Canada-⚑577,815-⚑-⚑10,000
Revenue: ISC7,384,489250,967-⚑4,463,11112,334,717
Revenue: OFNLP1,512,729-⚑-⚑-⚑-⚑
Revenue: Province of Ontario57,092463,4629,6001,706,383205,650
Revenue: Taxation1,109,138-⚑-⚑-⚑-⚑
Revenue: Interest601,232-⚑-⚑3-⚑
Revenue: Other2,611,361816,5592,555,0721,205,9493,186,244
Revenue: Gain/(loss)
Revenue: Sales
Revenue: Leases and fees
Revenue: Dividend
[total Revenue]13,276,0412,108,8032,564,6727,375,44615,736,611
Expenditures: Bank charges and interest4,355-⚑-⚑-⚑6,853
Expenditures: Travel185,70229,99912,61821,2151,123,218
Expenditures: Program expenditures847,535786,2241,468,2113,197,1481,033,630
Expenditures: Office and general894,786422,127384,056322,8982,383,851
Expenditures: Repairs and maintenance1,926,69923,32887,87620,798800,807
Expenditures: Wages and benefits4,371,5291,079,824731,2211,689,102169,342
Expenditures: Insurance227,83413,984-⚑69,481-⚑
Expenditures: Professional fees240,400-⚑-⚑70,406-⚑
Expenditures: Cost of sales
Expenditures: Amortization4,751,936-⚑-⚑-⚑-⚑
[total Expenditures]13,450,7762,355,4862,683,9825,391,0485,517,701
Annual surplus (deficit)(174,735)(246,683)(119,310)1,984,39810,218,910
Social HousingMarina(other)Lands(other)Trust Activities(other)Consolidated 2025(other)
Revenue: Government of Canada162,980-⚑-⚑-⚑750,795
Revenue: ISC-⚑-⚑566,938-⚑25,000,222
Revenue: OFNLP-⚑-⚑-⚑-⚑1,512,729
Revenue: Province of Ontario-⚑-⚑-⚑-⚑2,442,187
Revenue: Taxation-⚑-⚑-⚑-⚑1,109,138
Revenue: Interest18,760430,712393,7502,680,6634,125,120
Revenue: Other288,3181,070,819369,858676,01312,780,193
Revenue: Gain/(loss)-⚑-⚑-⚑5,227,8955,227,895
Revenue: Sales-⚑31,042,83524,320-⚑31,067,155
Revenue: Leases and fees-⚑-⚑1,246,640-⚑1,246,640
Revenue: Dividend-⚑-⚑-⚑1,667,1601,667,160
[total Revenue]470,05832,544,3662,601,50610,251,73186,929,234
Expenditures: Bank charges and interest-⚑436,571-⚑64,457505,383
Expenditures: Travel-⚑682,505-⚑258,960
Expenditures: Program expenditures51,351-⚑154,0654,521,43912,149,191
Expenditures: Office and general3011,023,349208,78137,1094,327,037
Expenditures: Repairs and maintenance184,421239,240214,583-⚑5,080,796
Expenditures: Wages and benefits-⚑3,667,989437,110-⚑12,777,582
Expenditures: Insurance118,26571,478-⚑-⚑670,384
Expenditures: Professional fees11,87872,018-⚑1,093,4401,488,142
Expenditures: Cost of sales-⚑22,446,89133,326-⚑22,480,217
Expenditures: Amortization50,386156,87299,583-⚑5,058,777
[total Expenditures]416,60228,114,4761,149,9535,716,44564,796,469
Annual surplus (deficit)53,4564,429,8901,451,5534,535,28622,132,765
General GovernmentHealth(other)Education(other)Social Programs(other)Public Infrastructure(other)
Revenue: Government of Canada-⚑567,341-⚑-⚑-⚑
Revenue: ISC4,739,347828,737-⚑1,345,22012,808,037
Revenue: OFNLP1,230,925-⚑-⚑-⚑-⚑
Revenue: Province of Ontario-⚑1,087,29913,4771,568,033991,591
Revenue: Taxation1,087,848-⚑-⚑-⚑-⚑
Revenue: Interest207,039-⚑-⚑30-⚑
Revenue: Other1,575,545879,5081,901,502526,217718,422
Revenue: Gain/(loss)
Revenue: Sales
Revenue: Leases and fees
Revenue: Dividend
[total Revenue]8,840,7043,362,8851,914,9793,439,50014,518,050
Expenditures: Bank charges and interest54,666-⚑-⚑-⚑12,338
Expenditures: Travel224,43941,5438,17719,6191,361,312
Expenditures: Program expenditures746,4261,722,4361,328,9521,774,4951,301,369
Expenditures: Office and general759,577369,295311,572193,4301,444,324
Expenditures: Repairs and maintenance1,924,1274,35166,00950,511935,470
Expenditures: Wages and benefits4,367,903717,823566,3781,390,491158,242
Expenditures: Insurance202,72610,796-⚑34,908-⚑
Expenditures: Professional fees272,278-⚑-⚑122,658-⚑
Expenditures: Cost of sales
Expenditures: Amortization4,184,731-⚑-⚑-⚑-⚑
[total Expenditures]12,736,8732,866,2442,281,0883,586,1125,213,055
Annual surplus (deficit)(3,896,169)496,641(366,109)(146,612)9,304,995
Social HousingMarina(other)Lands(other)Trust Activities(other)Consolidated 2024(other)
Revenue: Government of Canada157,478-⚑-⚑-⚑724,819
Revenue: ISC-⚑-⚑555,629-⚑20,276,970
Revenue: OFNLP-⚑-⚑-⚑-⚑1,230,925
Revenue: Province of Ontario-⚑120,000-⚑-⚑3,780,400
Revenue: Taxation-⚑-⚑-⚑-⚑1,087,848
Revenue: Interest21,337184,872400,8482,851,5423,665,668
Revenue: Other155,3651,012,541183,592559,8497,512,541
Revenue: Gain/(loss)-⚑-⚑-⚑2,276,9342,276,934
Revenue: Sales-⚑31,582,55130,037-⚑31,612,588
Revenue: Leases and fees-⚑-⚑1,255,747-⚑1,255,747
Revenue: Dividend-⚑-⚑-⚑1,574,1661,574,166
[total Revenue]334,18032,899,9642,425,8537,262,49174,998,606
Expenditures: Bank charges and interest-⚑209,082-⚑59,335323,083
Expenditures: Travel-⚑5421,989-⚑308,647
Expenditures: Program expenditures44,096-⚑154,1782,940,90910,072,804
Expenditures: Office and general2761,111,009173,205106,9674,326,700
Expenditures: Repairs and maintenance87,846202,010187,288-⚑3,966,466
Expenditures: Wages and benefits-⚑3,897,372343,743-⚑12,219,180
Expenditures: Insurance76,55874,042-⚑-⚑557,272
Expenditures: Professional fees11,87872,765-⚑1,126,6091,606,188
Expenditures: Cost of sales-⚑22,781,76929,742-⚑22,811,511
Expenditures: Amortization50,386106,805101,352-⚑4,443,274
[total Expenditures]271,04028,455,396991,4974,233,82060,635,125
Annual surplus (deficit)63,1404,444,5681,434,3563,028,67114,363,481
Note 17ACCUMULATED SURPLUS

20252024
Unrestricted: Operating52,790,46437,132,814
Internally restricted: Social Housing172,752119,296
Internally restricted: Virginia Beach Marina(454,089)(445,046)
Internally restricted: Lands33,834,83533,087,137
Internally restricted: Coldwater Narrows Trust Funds - held by Canada Trust Company46,816,35647,236,390
Internally restricted: OFNLP Revenue Fund8,783,3767,449,327
Internally restricted: Per Capita Distribution Fund125,09999,637
Internally restricted: Coldwater Narrows Trust Revenue Fund10,587,9527,995,877
Internally restricted: Williams Treaty Trust Funds - held by Canada Trust Company118,489,265117,603,567
Internally restricted: Williams Treaty Settlement224,079165,376
Internally restricted: Williams Treaty Trust Revenue Fund6,441,8204,062,190
Internally restricted: 2458582 Ontario Limited2,237,7701,394,001
Internally restricted: Nish Radio Inc.(12,793)(12,793)
Internally restricted: Tobacco Trails6,886,1315,144,852
Internally restricted: Daawegamig Lodge5,460,1653,982,915
Internally restricted: Virginia Beach Marina - Business Centre(271,592)(306,538)
Internally restricted: Goin Fuel Company Limited23,82122,906
Internally restricted: Hadden Road Developments5,483,8495,380,872
[total]297,619,260270,112,780
Note 18CHANGES IN NON-CASH WORKING CAPITAL

20252024
Receivables3,190,712(3,506,943)
Inventories for resale(322,013)256,107
Payments received for investment in leases61,74161,740
Prepaid expenses7,792(7,512)
Accounts payable and accrued liabilities1,418,507(558,728)
Deferred revenue(7,548,739)10,867,835
[total](3,192,000)7,112,499
Note 19FINANCIAL INSTRUMENT RISK MANAGEMENT - Liquidity risk 2025

Within 6 months6 months to 1 year(other)1-5 years(other)>5 years(other)
Payables and accruals7,918,226-⚑-⚑-⚑
Long-term debt376,075376,0752,023,5933,894,246
[total]8,294,301376,0752,023,5933,894,246
Within 6 months6 months to 1 year(other)1-5 years(other)>5 years(other)
Payables and accruals6,499,719-⚑-⚑-⚑
Long-term debt48,575965,6675,659,974266,166
[total]6,548,294965,6675,659,974266,166
Note 20BUDGETED FIGURES

Approved Fiscal Plan(budget)AmortizationFiscal Plan on a PSAS Basis
Revenue51,774,810-⚑51,774,810
Expenditures(49,115,825)(5,058,777)(54,174,602)
Annual surplus2,658,985(5,058,777)(2,399,792)

Chief and council pay · FY 2024-2025

5 certified rows

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

PositionNameRemunerationExpensesTotal
CouncillorBenson Big Canoe$124,815$21,431—
ChiefDonna Big Canoe$131,385$13,148—
CouncillorDylan Big Canoe$124,815$14,573—
CouncillorPatricia Big Canoe$119,334$3,225—
CouncillorWilliam McCue$124,815$11,725—

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: dual vision v2). Source document

Specific land claims

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

1815 Treaty PaymentsConcluded—

No Lawful Obligation Found

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

1923 Williams TreatyOther—

File Closed

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

AwendaConcluded—

No Lawful Obligation Found

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

Coldwater NarrowsSettled$307,243,776

Settlement Report on Specific Claims

Settled 2012/11/30 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

Collins TreatySettled$565,000

Settlement Report on Specific Claims

Settled 1999/03/01 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

NotawasagaConcluded—

No Lawful Obligation Found

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

Penetanguishene and Matchedash BaysConcluded—

No Lawful Obligation Found

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

Total reported settlements (7 claims)—

Community context

Governance

Chief
DONNA LEE BIG CANOE (term to 2029-03-31)
Council
4 councillors
Election system
First Nations Elections Act
Tribal council
Ogemawahj Tribal Council
Show council
  • DYLAN DEREK BEAUDROW-BIG CANOE Councillor
  • CHARLES (BENSON) BIG CANOE Councillor
  • WILLIAM MARK MCCUE Councillor
  • ALICIA ROSELIND TRIVETT Councillor

Reserves and location

Reserves
3 reserves
Region
ONTARIO · near Toronto
Show reserves
  • CHIPPEWAS OF GEORGINA ISLAND FIRST NATION · 1,353 ha
  • CHIPPEWA ISLAND · 3 ha
  • CHIPPEWAS OF GEORGINA ISLAND FIRST NATION 33A · 1 ha

Population

Registered
969
On reserve
209
As of
May, 2026
Show full breakdown
  • On own reserve: 209 · 94 M / 115 F
  • On other reserves: 1 · 1 M / 0 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: 759 · 368 M / 391 F

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