Mississaugas of Scugog Island First NationFiscal year 2024-2025
First Nations / Band 140 · Ontario
Mississaugas of Scugog Island First Nation
Fiscal year 2024-2025 (year-end 2025-03-31) · 261 registered · 57 on reserve · Ogemawahj Tribal Council
Certified source-faithful captureCompatibility analytics availableFidelity audit passedNo OCROpinion: unclearAuditor: Nadeau Picard & Associés, CPAPrepared by: ManagementSource PDF hashed
At a glance · FY 2024-2025
Annual surplus (deficit)
$2.38M
$2,382,117
Total revenue
$13.8M
$13,840,723
Total expenses
$11.5M
$11,458,606
Accumulated surplus
$19.1M
$19,065,043
Total financial assets
$8.01M
$8,005,487
Total financial liabilities
$9.16M
$9,155,659
Net financial assets (debt)
-$1.15M
-$1,150,172
Total non-financial assets
$20.2M
$20,215,215
Revenue and expenses · FY 2024-2025
As published. Line items from the Statement of Operations, ranked by amount.
Revenue
- Federal government transfers for operating$4.00M
- Provincial government transfers for capital$2.95M
- Federal government transfers for capital$2.16M
- Fisheries$1.70M
- Other$985K
- Fuel and food sales$836K
- Provincial government transfers for operating$643K
- Tobacco sales$207K
- Rental income$125K
- Aquaculture$121K
- Gain on disposal of tangible capital assets$112K
- Boat shop and consulting income$2.65K
Expenses
- Fisheries$2.22M
- Indian Government Support$2.21M
- Amortization$1.55M
- Economic Development$1.37M
- Impairment loss of tangible capital assets$1.20M
- Education$930K
- Health$569K
- Income Assistance$559K
- Other Capital$547K
- Facilities - Operations and maintenance$170K
- Natural Resources$46.1K
- Aquaculture$45.0K
- Assisted Living$36.4K
- Consulting$7.04K
Reconciliation: revenue $13.8M − expenses $11.5M = $2.38M surplus
Across the years
| 2014–15 | 2015–16 | 2016–17 | 2017–18 | 2018–19 | 2020–21 | 2021–22 | 2022–23 | 2024–25 | |
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $3.87M | $4.10M | $5.62M | $6.97M | $6.08M | $7.52M | $11.5M | $11.5M | $13.8M |
| Total expenses | $3.99M | $3.76M | $4.68M | $4.76M | $5.12M | $7.22M | $8.83M | $9.40M | $11.5M |
| Annual surplus (deficit) | -$117K | $342K | $940K | $2.21M | $956K | $300K | $2.68M | $2.14M | $2.38M |
| Net financial assets (debt) | -$2.03M | -$1.89M | -$2.11M | -$433K | -$816K | -$1.99M | -$1.65M | -$116K | -$1.15M |
| Accumulated surplus | $2.65M | $2.99M | $3.93M | $6.14M | $7.09M | $8.63M | $11.3M | $14.3M | $19.1M |
Data by fiscal year
Each row is a fiscal year; every cell opens that data product. Missing data is shown, not hidden.
| Fiscal year | Statement tables, notes, schedules | Operations | Financial position | Headline figures | Council pay | Source PDF |
|---|---|---|---|---|---|---|
| 2024-2025viewing | View | View | View | View | Posted, not captured | |
| 2023-2024 | Posted, not captured | — | — | — | Posted, not captured | |
| 2022-2023 | View | View | View | View | Posted, not captured | |
| 2021-2022 | View | View | View | View | 4 rows | |
| 2020-2021 | View | View | View | View | Posted, not captured | |
| 2019-2020 | Posted, not captured | — | — | — | Posted, not captured | |
| 2018-2019 | View | View | View | View | Posted, not captured | |
| 2017-2018 | View | View | View | View | Posted, not captured | |
| 2016-2017 | View | View | View | View | Posted, not captured | |
| 2015-2016 | View | View | View | View | Posted, not captured | |
| 2014-2015 | View | View | View | View | Posted, not captured | |
| 2013-2014 | Posted, not captured | — | — | — | Posted, not captured |
Statements as published · FY 2024-2025
3 parser diagnostics
Open statement-only viewCONSOLIDATED FINANCIAL POSITION
FY 2024-2025 · PDF page 7
FA − FL = Net FA: matchedNet FA + NFA = Acc. surplus: matched
| 2025 | 2024 | |
|---|---|---|
| FINANCIAL ASSETS | ||
| Cash (note 2)n2 | $ 1,609,691 | $ -⚑ |
| Due from government and accounts receivable (note 4)n4 | 5,341,770 | 4,457,622 |
| Notes receivable (note 3)n3 | 138,820 | 138,820 |
| Inventories for resale (note 6)n6 | 490,710 | 399,218 |
| Restricted cash (note 7)n7 | 424,496 | 414,583 |
| [total financial assets] | 8,005,487 | 5,410,243 |
| LIABILITIES | ||
| Bank overdraft (note 2)n2 | -⚑ | 244,808 |
| Accounts payable and accrued liabilities (note 9)n9 | 253,952 | 543,462 |
| Due to government/other government organizations (note 10)n10 | 312,081 | 297,220 |
| Trust funds held by ISC (note 5)n5 | 861 | 833 |
| Deferred revenue (note 11)n11 | 5,730,385 | 2,450,211 |
| Long-term debt (note 12)n12 | 2,858,380 | 2,862,480 |
| [total liabilities] | 9,155,659 | 6,399,014 |
| NET DEBT | (1,150,172) | (988,771) |
| NON FINANCIAL ASSETS | ||
| Prepaid expenses (note 16)n16 | 475,534 | 360,558 |
| Tangible capital assets (note 13)n13 | 18,576,227 | 14,569,181 |
| Intangible assets (note 15)n15 | 1,000,000 | 1,000,000 |
| Construction in progress (note 14)n14 | 163,454 | 1,741,960 |
| [total non-financial assets] | 20,215,215 | 17,671,699 |
| ACCUMULATED SURPLUS | $ 19,065,043 | $ 16,682,928 |
CONSOLIDATED OPERATIONS AND CHANGES IN ACCUMULATED SURPLUS
FY 2024-2025 · PDF page 8
Rev − Exp = Surplus: matched
| 2025 Budget (Unaudited)(budget) | 2025 Actual | 2024 Actual | |
|---|---|---|---|
| REVENUE | |||
| Federal government transfers for operating (note 23)n23 | $ 5,512,369 | $ 3,998,876 | $ 4,743,608 |
| Federal government transfers for capital (note 23)n23 | 5,502,804 | 2,160,324 | 2,829,686 |
| Provincial government transfers for operating (note 23)n23 | 648,360 | 642,728 | 489,647 |
| Provincial government transfers for capital (note 23)n23 | 2,948,105 | 2,948,105 | 843,567 |
| Rental income | 125,000 | 124,823 | 130,190 |
| Fisheries | 1,742,000 | 1,701,318 | 1,563,704 |
| Aquaculture | 119,000 | 121,379 | 320,548 |
| Tobacco sales | 200,000 | 207,057 | 208,643 |
| Fuel and food sales | 850,000 | 836,350 | 886,800 |
| Boat shop and consulting income | 30,000 | 2,645 | 530,306 |
| Gain on disposal of tangible capital assets | 30,000 | 112,041 | -⚑ |
| Other | 2,253,206 | 985,077 | 506,888 |
| [total revenue] | 19,960,844 | 13,840,723 | 13,053,587 |
| EXPENSES | |||
| Economic Development | 1,324,500 | 1,372,331 | 1,360,410 |
| Education | 1,107,901 | 929,536 | 973,961 |
| Income Assistance | 619,823 | 558,595 | 700,723 |
| Assisted Living | 33,497 | 36,440 | 43,200 |
| Facilities - Operations and maintenance | 116,583 | 169,793 | 169,235 |
| Other Capital | 454,101 | 546,665 | 733,190 |
| Indian Government Support | 4,605,763 | 2,213,963 | 1,744,398 |
| Health | 576,624 | 568,772 | 637,051 |
| Aquaculture | 85,844 | 44,998 | 855,605 |
| Fisheries | 1,909,000 | 2,220,213 | 1,725,415 |
| Natural Resources | 50,000 | 46,141 | 57,565 |
| Consulting | 22,500 | 7,039 | 411,221 |
| Amortization | 1,549,020 | 1,549,020 | 1,192,602 |
| Loss on disposal of tangible capital assets | -⚑ | -⚑ | 67,454 |
| Impairment loss of tangible capital assets | -⚑ | 1,195,100 | -⚑ |
| [total expenses] | 12,455,156 | 11,458,606 | 10,672,030 |
| ANNUAL SURPLUS | 7,505,688 | 2,382,117 | 2,381,557 |
| ACCUMULATED SURPLUS, BEGINNING OF PERIOD | 16,682,928 | 16,682,928 | 14,301,371 |
| ACCUMULATED SURPLUS, END OF PERIOD | $ 24,188,616 | $ 19,065,045 | $ 16,682,928 |
CONSOLIDATED CHANGES IN NET DEBT
FY 2024-2025 · PDF page 9
| 2025 Budget (Unaudited)(budget) | 2025 Actual | 2024 Actual | |
|---|---|---|---|
| ANNUAL SURPLUS | $ 7,505,688 | $ 2,382,117 | $ 2,381,557 |
| Tangible capital assets | |||
| Acquisition of tangible capital assets | (8,450,909) | (5,694,256) | (5,277,304) |
| Amortization of tangible capital assets | 1,549,020 | 1,549,020 | 1,192,602 |
| Loss (gain) on disposal of tangible capital assets | -⚑ | (112,041) | 67,454 |
| Impairment loss of tangible capital assets | -⚑ | 1,195,100 | -⚑ |
| Proceeds on disposal of tangible capital assets | -⚑ | 250,232 | 48,142 |
| [subtotal tangible capital assets] | (6,901,889) | (2,811,945) | (3,969,106) |
| Other non-financial assets | |||
| Variation of construction in progress | -⚑ | 383,405 | 627,627 |
| Increase of prepaid expense | -⚑ | (114,977) | 87,592 |
| [subtotal other non-financial assets] | -⚑ | 268,428 | 715,219 |
| CHANGE IN NET DEBT | 603,799 | (161,400) | (872,330) |
| NET DEBT, BEGINNING OF YEAR | (116,441) | (988,771) | (116,441) |
| NET DEBT, END OF YEAR | $ 487,358 | $ (1,150,171) | $ (988,771) |
CONSOLIDATED CASH FLOWS
FY 2024-2025 · PDF page 10
| 2025 | 2024 | |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Annual surplus | $ 2,382,117 | $ 2,381,557 |
| Add (deduct) non-cash items : | ||
| Amortization of tangible capital assets | 1,549,020 | 1,192,602 |
| Loss (gain) on disposal of tangible capital assets | (112,041) | 67,454 |
| Impairment loss of tangible capital assets | 1,195,100 | -⚑ |
| [subtotal] | 5,014,196 | 3,641,613 |
| Net change in non-cash working capital items | ||
| Due from government and accounts receivable | (884,148) | (1,355,275) |
| Prepaid | (114,976) | 87,592 |
| Inventories | (91,492) | 424,094 |
| Accounts payable and accrued liabilities | (289,510) | (938,814) |
| Due to government and other government organizations | 14,861 | (44,583) |
| Deferred revenue | 3,280,174 | 588,388 |
| [total operating activities] | 6,929,105 | 2,403,015 |
| FINANCING ACTIVITIES | ||
| Increase of long-term debt | 187,195 | 1,347,346 |
| Repayment of long-term debt | (191,296) | (144,570) |
| Transfer to the operating replacement reserve fund | (9,828) | (11,034) |
| Transfer from (to) the replacement reserve fund | (57) | 75,254 |
| [total financing activities] | (13,986) | 1,266,996 |
| CAPITAL ACTIVITIES | ||
| Addition to capital assets | (5,694,256) | (5,277,304) |
| Proceeds from disposal of capital assets | 250,232 | 48,142 |
| Notes receivable | -⚑ | 50,000 |
| Net decrease in construction in progress | 383,405 | 627,627 |
| [total capital activities] | (5,060,619) | (4,551,535) |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 1,854,500 | (881,524) |
| CASH (BANK OVERDRAFT), BEGINNING | (244,808) | 636,716 |
| CASH (BANK OVERDRAFT), ENDING | $ 1,609,692 | $ (244,808) |
Notes to the financial statements
Verbatim, as published. Statement lines above link to their notes.
Note 1SIGNIFICANT ACCOUNTING POLICIES (continued) c) Tangible capital assets
| Rate | |
|---|---|
| Buildings | |
| Roads and paving | |
| Equipment and boat | |
| Vehicule | |
| Windtower | |
Note 2CASH (BANK OVERDRAFT)
| 2025 | 2024 | |
|---|---|---|
| Cash (bank overdraft) in operating accounts | $ 1,609,691 | $ (244,808) |
Note 4DUE FROM GOVERNMENT AND ACCOUNTS RECEIVABLE
| 2025 | 2024 | |
|---|---|---|
| Due from Government and Other Government Organizations | ||
| Fisheries and Oceans Canada | $ 2,788,824 | $ 190,764 |
| Indigenous Services Canada | 483,232 | 2,497,189 |
| Minister of Environment | 246,000 | -⚑ |
| Sales tax | 21,704 | -⚑ |
| Provincial Government | 255,993 | 872,699 |
| [total due from government and other government organizations] | 3,795,753 | 3,560,652 |
| Accounts receivable | ||
| Clients | 76,359 | 66,973 |
| Lease receivable (a) | 125,000 | 189,000 |
| Other receivables | 1,344,658 | 640,997 |
| [total accounts receivable] | 1,546,017 | 896,970 |
| [total] | $ 5,341,770 | $ 4,457,622 |
Note 5OTTAWA TRUST MONEYS
| Beginning balance | Additions(other) | Withdrawals(other) | Ending balance(other) | |
|---|---|---|---|---|
| Trust - capital | $ 142 | $ -⚑ | $ -⚑ | $ 142 |
| Trust - revenue | 691 | 28 | -⚑ | 719 |
| Total | $ 833 | $ 28 | $ -⚑ | $ 861 |
Note 6INVENTORIES FOR RESALE
| 2025 | 2024 | |
|---|---|---|
| Tobacco | $ 39,556 | $ 37,478 |
| Fuel | 9,974 | 17,662 |
| Oysters | 424,585 | 327,637 |
| Other | 16,595 | 16,441 |
| [total] | $ 490,710 | $ 399,218 |
Note 7RESTRICTED CASH
| 2025 | 2024 | |
|---|---|---|
| Cash in Ottawa Trusts | $ 861 | $ 833 |
| Operating reserve fund | 67,531 | 57,703 |
| Replacement reserve fund | 356,104 | 356,047 |
| [total] | $ 424,496 | $ 414,583 |
Note 9ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
| 2025 | 2024 | |
|---|---|---|
| Suppliers | $ 195,926 | $ 417,228 |
| Payroll deductions | 11,325 | 15,625 |
| Sales tax | -⚑ | 64,467 |
| Accrued expenses | 46,701 | 46,142 |
| [total] | $ 253,952 | $ 543,462 |
Note 10DUE TO GOVERNMENT AND OTHER GOVERNMENT ORGANIZATIONS
| 2025 | 2024 | |
|---|---|---|
| Provincial government | $ 312,081 | $ 297,220 |
Note 11DEFERRED REVENUE
| Balance Beginning of year | Amount of funding received(other) | Amount recognized as revenue(other) | Balance end of year(other) | |
|---|---|---|---|---|
| Federal Government | ||||
| ISC - On-Res O&M Housing | $ -⚑ | $ 122,277 | $ 2,680 | $ 119,597 |
| ISC - Renovation | 202,296 | 123,934 | 320,772 | 5,458 |
| ISC - Skill Link Prog | 33,122 | 99,178 | 73,321 | 58,979 |
| ISC - Response | -⚑ | 38,317 | 37,530 | 787 |
| ISC - Capacity Building | -⚑ | 60,000 | 30,000 | 30,000 |
| ISC - Recovery | 127,209 | -⚑ | 782 | 126,427 |
| ISC - ESE Implen/Expan AD EDU | 61,684 | 49,138 | -⚑ | 110,822 |
| ISC - Capacity Enhancement | 9,989 | 45,250 | 41,454 | 13,785 |
| ISC - Construction | -⚑ | 600,000 | 599,046 | 954 |
| ISC - Health Canada | -⚑ | 7,853 | -⚑ | 7,853 |
| ISC - Roads and bridges | 773,250 | -⚑ | 773,250 | -⚑ |
| ISC - Planning Design & Constr | 21,992 | 100,000 | 121,879 | 113 |
| ISC - FNCFS Renovation | 122,866 | -⚑ | 122,866 | -⚑ |
| ISC - Fire protection | 5,600 | -⚑ | -⚑ | 5,600 |
| ISC - Other protection | 82,746 | -⚑ | 69,052 | 13,694 |
| ISC - Cap Planning Proj-Infra | 79,117 | 50,000 | 102,650 | 26,467 |
| ISC - Prov/Priv Service Mapping | 17,375 | -⚑ | -⚑ | 17,375 |
| CMHC - RRAP | 55,632 | -⚑ | 37,534 | 18,098 |
| CMHC - HAF | 83,110 | 100,000 | 67,500 | 115,610 |
| CMHC - IGO | 134,864 | -⚑ | 134,864 | -⚑ |
| DFO - Trust Agreement | -⚑ | 2,700,000 | -⚑ | 2,700,000 |
| Minister of the Environment | -⚑ | 246,000 | -⚑ | 246,000 |
| Employment and Social Development Canada | 215,668 | 423,573 | 108,482 | 530,759 |
| Total Federal Government (subtotal carried forward) | $ 2,026,520 | $ 4,765,520 | $ 2,643,662 | $ 4,148,378 |
| Balance Beginning of year | Amount of funding received(other) | Amount recognized as revenue(other) | Balance end of year(other) | |
|---|---|---|---|---|
| Subtotal from previous page | $ 2,026,520 | $ 4,765,520 | $ 2,643,662 | $ 4,148,378 |
| Other | ||||
| Mi'gmaq Child and Family Services of New Brunswick | 351,168 | -⚑ | 21,500 | 329,668 |
| The Four Pillars Society | -⚑ | 1,202,000 | 76,928 | 1,125,072 |
| Other | 72,523 | 324,857 | 270,113 | 127,267 |
| Total Other | 423,691 | 1,526,857 | 368,541 | 1,582,007 |
| Total | $ 2,450,211 | $ 6,292,377 | $ 3,012,203 | $ 5,730,385 |
Note 12LONG-TERM DEBT
| 2025 | 2024 | |
|---|---|---|
| Loan paid during the year | $ -⚑ | $ 2,591 |
| Demande loan, not secured, repayable by monthly instalments of $9,672 including capital and interest at the rate of prime plus 1.5% | 932,924 | 984,424 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $268 including capital and interest at the rate of 0.69%, maturing in 2030, renewable in June 2025, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 16,343 | 19,440 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $422 including capital and interest at the rate of 0.69%, maturing in 2035, renewable in June 2025, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 49,648 | 54,347 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $766 including capital and interest at the rate of 0.69%, maturing in 2035, renewable in June 2025, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 90,979 | 99,516 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $414 including capital and interest at the rate of 0.68%, maturing in 2035, renewable in October 2025, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 47,209 | 51,838 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $260 including capital and interest at the rate of 1.30%, maturing in January 2026, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 2,589 | 5,659 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $470 including capital and interest at the rate of 0.74%, maturing in 2041, renewable in February 2026, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 84,574 | 89,564 |
| Subtotal carried forward | $ 1,224,266 | $ 1,307,379 |
| 2025 | 2024 | |
|---|---|---|
| Subtotal from previous page | $ 1,224,266 | $ 1,307,379 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $295 including capital and interest at the rate of 1.30%, maturing in 2031, renewable in April 2026, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 20,712 | 23,964 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $409 including capital and interest at the rate of 1.22%, maturing in 2040, renewable in May 2026, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 68,002 | 72,062 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $426 including capital and interest at the rate of 1.13%, maturing in 2036, renewable in June 2026, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 54,355 | 58,827 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $829 including capital and interest at the rate of 1.51%, maturing in 2036, renewable in November 2026, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 106,313 | 114,591 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $527 including capital and interest at the rate of 1.57%, maturing in 2041, renewable in December 2026, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 93,103 | 97,931 |
| Loan secured by a first mortgage on buidings, repayable by monthly instalments of $455 including capital and interest at the rate of 1.50%, maturing in 2037, renewable in January 2027, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 59,180 | 63,720 |
| Subtotal carried forward | $ 1,625,931 | $ 1,738,474 |
| 2025 | 2024 | |
|---|---|---|
| Subtotal from previous page | $ 1,625,931 | $ 1,738,474 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $479 including capital and interest at the rate of 1.50%, maturing in 2042, renewable in January 2027, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 85,566 | 90,007 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $322 including capital and interest at the rate of 1.88%, maturing in 2032, renewable in February 2027, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 24,735 | 28,098 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $482 including capital and interest at the rate of 2.27%, maturing in 2037, renewable in April 2027, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 60,740 | 65,100 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $515 including capital and interest at the rate of 2.27%, maturing in 2042, renewable in April 2027, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 87,448 | 91,600 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $340 including capital and interest at the rate of 3.04%, maturing in 2032, renewable in June 2027, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 25,974 | 29,216 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $312 including capital and interest at the rate of 3.29%, maturing in September 2027, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 8,965 | 12,352 |
| Subtotal carried forward | $ 1,919,359 | $ 2,054,847 |
| 2025 | 2024 | |
|---|---|---|
| Subtotal from previous page | $ 1,919,359 | $ 2,054,847 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $690 including capital and interest at the rate of 3.70%, maturing in 2042, renewable in December 2027, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 107,875 | 112,119 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $361 including capital and interest at the rate of 3.81%, maturing in 2033, renewable in March 2028, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 29,350 | 32,512 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $630 including capital and interest at the rate of 3.52%, maturing in 2038, renewable in May 2028, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on on housing unit. | 79,712 | 84,404 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $1,194 including capital and interest at the rate of 3.96%, maturing in 2038, renewable in July 2028, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 148,582 | 156,859 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $321 including capital and interest at the rate of 5.00%, maturing August 2028, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 12,087 | 15,257 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $1,427 including capital and interest at the rate of 4.66%, maturing in 2038, renewable in November 2028, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 173,263 | 182,180 |
| Subtotal carried forward | $ 2,470,228 | $ 2,638,178 |
| 2025 | 2024 | |
|---|---|---|
| Subtotal from previous page | $ 2,470,228 | $ 2,638,178 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $441 including capital and interest at the rate of 3.58%, maturing in 2033, renewable in January 2029, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 39,090 | 42,922 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $296 including capital and interest at the rate of 3.84%, maturing in February 2029, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 12,909 | 15,922 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $974 including capital and interest at the rate of 3.84%, maturing in 2034, renewable in April 2029, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on on housing unit. | 89,585 | 97,776 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $497 including capital and interest at the rate of 4.08%, maturing in 2039, renewable in May 2029, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 64,276 | 67,682 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $1,318 including capital and interest at the rate of 3.30%, maturing in 2039, renewable in September 2029, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 182,292 | -⚑ |
| [total] | $ 2,858,380 | $ 2,862,480 |
| Amount | |
|---|---|
| 2026 | 1,077,355 |
| 2027 | 145,485 |
| 2028 | 147,369 |
| 2029 | 146,728 |
| 2030 | 145,492 |
Note 13TANGIBLE CAPITAL ASSETS
| Land and Buildings | Roads and Paving(other) | Equipment and boat(other) | Vehicule(other) | Total 2025(other) | Total 2024(other) | |
|---|---|---|---|---|---|---|
| Cost | ||||||
| Opening balance | $ 15,813,881 | $ 1,783,750 | $ 3,820,824 | $ 577,089 | $ 21,995,544 | $ 17,112,077 |
| Additions | 3,437,773 | 1,789,980 | 148,117 | 318,386 | 5,694,256 | 5,277,304 |
| Disposals | (168,258) | -⚑ | (212,258) | (101,488) | (482,004) | (393,837) |
| Closing balance | 19,083,396 | 3,573,730 | 3,756,683 | 793,987 | 27,207,796 | 21,995,544 |
| Accumulated Amortization | ||||||
| Opening balance | 4,668,997 | 336,793 | 2,109,015 | 311,558 | 7,426,363 | 6,512,001 |
| Amortization | 714,199 | 303,267 | 452,662 | 78,892 | 1,549,020 | 1,192,602 |
| Accumulated amortization on disposals | (68,745) | -⚑ | (208,341) | (66,728) | (343,814) | (278,240) |
| Closing balance | 5,314,451 | 640,060 | 2,353,336 | 323,722 | 8,631,569 | 7,426,363 |
| Net book value | $ 13,768,945 | $ 2,933,670 | $ 1,403,347 | $ 470,265 | $ 18,576,227 | $ 14,569,181 |
| Opening net book value | 11,144,884 | 1,446,957 | 1,711,809 | 265,531 | 14,569,181 | 10,600,076 |
| Closing net book value | 13,768,945 | 2,933,670 | 1,403,347 | 470,265 | 18,576,227 | 14,569,181 |
| Increase in net book value | $ 2,624,061 | $ 1,486,713 | $ (308,462) | $ 204,734 | $ 4,007,046 | $ 3,969,105 |
Note 15INTANGIBLE ASSETS
| 2025 | 2024 | |
|---|---|---|
| Intangible assets not subject to amortization | ||
| Lobster licences | $ 1,000,000 | $ 1,000,000 |
Note 16PREPAID EXPENSES
| 2025 | 2024 | |
|---|---|---|
| Tuition fees | $ 173,874 | $ 178,332 |
| Insurance | 286,960 | 148,121 |
| Lease | 14,700 | 20,100 |
| Other | -⚑ | 14,005 |
| [total] | $ 475,534 | $ 360,558 |
Note 21EXPENSES BY OBJECT
| 2025 | 2024 | |
|---|---|---|
| Wages & employee benefits | $ 1,844,068 | $ 1,482,247 |
| Fees and contract services | 1,375,968 | 1,650,504 |
| Insurance | 213,486 | 140,876 |
| Interest | 179,812 | 137,503 |
| Office supplies and equipment | 11,702 | 128,098 |
| Professional services | 52,916 | 42,582 |
| Repairs & maintenance | 333,669 | 716,511 |
| Supplies & services | 1,692,459 | 1,902,344 |
| Telephone | 16,740 | 21,693 |
| Travel | 44,792 | 83,418 |
| Tuition | 554,315 | 591,468 |
| Utilities | 469,468 | 389,383 |
| Other | 1,925,091 | 2,192,801 |
| Impairment loss | 1,195,100 | -⚑ |
| Amortization | 1,549,020 | 1,192,602 |
| [total] | $ 11,458,606 | $ 10,672,030 |
Note 22RECONCILIATION OF INDIGENOUS SERVICES CANADA (ISC) FUNDING
| Amount | |
|---|---|
| ISC funding per consolidated financial statements | $ 5,223,030 |
| Less: Deferred revenue - Capacity Enhancement | 9,989 |
| Deferred revenue - Skill Link Prog | 33,122 |
| Deferred revenue - Planning Design & Constr | 21,992 |
| Deferred revenue - Recovery | 127,209 |
| Deferred revenue - Road and Bridges | 773,250 |
| Deferred revenue - Renovation | 202,296 |
| Deferred revenue - Other protection | 82,746 |
| Deferred revenue - FNCS Renovation | 122,866 |
| Deferred revenue - Fire protection | 5,600 |
| Deferred revenue - ESE IMPLEN/EXPAN AD EDU | 61,684 |
| Deferred revenue - Prov/Priv Service Mapping | 17,375 |
| Deferred revenue - Cap Planning Proj-Infra | 79,117 |
| Accounts receivable - Recovery | 107,767 |
| Accounts receivable - Response | 441 |
| Accounts receivable - Special needs (Amendment #104) | 45,004 |
| Subtotal carried forward | $ 1,690,458 |
| Amount | |
|---|---|
| Subtotal from previous page | $ 1,690,458 |
| Plus: Deferred revenue - ESE IMPLEN/EXPAN AD EDU | 110,822 |
| Deferred revenue - Skill Link Prog | 58,979 |
| Deferred revenue - Capacity Enhancement | 13,785 |
| Deferred revenue - Planning Design & Constr | 113 |
| Deferred revenue - On-Res O&M Housing | 119,597 |
| Deferred revenue - Renovation | 5,458 |
| Deferred revenue - Construction | 954 |
| Deferred revenue - Other protection | 13,694 |
| Deferred revenue - Response | 787 |
| Deferred revenue - Fire protection | 5,600 |
| Deferred revenue - Prov/Priv Service Mapping | 17,375 |
| Deferred revenue - Capacity Building | 30,000 |
| Deferred revenue - Recovery | 126,427 |
| Deferred revenue - Health | 7,853 |
| Deferred revenue - Cap Planning Proj-Infra | 26,467 |
| Accounts receivable prior year - Prov School Tuition | 212,634 |
| Accounts receivable prior year - Response (Amendment #79) | 706,307 |
| Accounts receivable prior year - Response (Amendment #76) | 36,912 |
| [total plus items] | 1,493,764 |
| Funding per ISC revenue confirmation | $ 5,026,336 |
Note 23GOVERNMENT TRANSFERS
| Operating(budget) | Capital | 2025 Total | |
|---|---|---|---|
| Federal government transfers | |||
| Indigenous Services Canada | $ 3,403,904 | $ 1,819,126 | $ 5,223,030 |
| Canada Mortgage and Housing Corporation | 373,955 | -⚑ | 373,955 |
| Department of Fisheries and Oceans | 221,017 | 341,198 | 562,215 |
| [total federal government transfers] | 3,998,876 | 2,160,324 | 6,159,200 |
| Provincial government transfers | 642,728 | 2,948,105 | 3,590,833 |
| [total] | $ 4,641,604 | $ 5,108,429 | $ 9,750,033 |
| Operating(budget) | Capital | 2024 Total | |
|---|---|---|---|
| Federal government transfers | |||
| Indigenous Services Canada | $ 4,024,245 | $ 1,526,864 | $ 5,551,109 |
| Innovation in Education | 16,729 | -⚑ | 16,729 |
| Canada Mortgage and Housing Corporation | 428,490 | 25,388 | 453,878 |
| Department of Fisheries and Oceans | 274,144 | 1,277,434 | 1,551,578 |
| [total federal government transfers] | 4,743,608 | 2,829,686 | 7,573,294 |
| Provincial government transfers | 489,647 | 843,567 | 1,333,214 |
| [total] | $ 5,233,255 | $ 3,673,253 | $ 8,906,508 |
Note 24SEGMENT DISCLOSURE
| Economic Development 2025 | Economic Development 2024(other) | Education 2025(other) | Education 2024(other) | Social Assistance 2025(other) | Social Assistance 2024(other) | Health 2025(other) | Health 2024(other) | |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Federal Government | $ -⚑ | $ -⚑ | $ 615,210 | $ 933,330 | $ 945,232 | $ 1,104,633 | $ 568,771 | $ 609,417 |
| Provincial Government | 162,105 | 186,911 | 150,360 | 161,602 | -⚑ | -⚑ | -⚑ | -⚑ |
| Other revenue | 1,163,529 | 1,176,913 | 112,322 | 77,279 | 134,881 | 130,190 | -⚑ | -⚑ |
| Total revenue | 1,325,634 | 1,363,824 | 877,892 | 1,172,211 | 1,080,113 | 1,234,823 | 568,771 | 609,417 |
| Expenses | ||||||||
| Salaries and benefits | 183,044 | 137,351 | 176,044 | 148,719 | 143,806 | 88,185 | 206,371 | 283,789 |
| Amortization | 55,627 | 52,886 | -⚑ | -⚑ | 53,470 | 56,307 | -⚑ | -⚑ |
| Debt servicing | -⚑ | -⚑ | -⚑ | -⚑ | 48,894 | 37,562 | -⚑ | -⚑ |
| Other expenses | 1,189,287 | 1,223,059 | 753,492 | 825,242 | 881,402 | 1,193,766 | 362,400 | 353,261 |
| Total expenses | 1,427,958 | 1,413,296 | 929,536 | 973,961 | 1,127,572 | 1,375,820 | 568,771 | 637,050 |
| Annual surplus (deficit) | $ (102,324) | $ (49,472) | $ (51,644) | $ 198,250 | $ (47,459) | $ (140,997) | $ -⚑ | $ (27,633) |
| Public Works 2025 | Public Works 2024(other) | Band Government 2025(other) | Band Government 2024(other) | Other 2025(other) | Other 2024(other) | Total 2025(other) | Total 2024(other) | |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Federal Government | $ 116,583 | $ 116,573 | $ 3,351,189 | $ 3,257,762 | $ 562,215 | $ 1,551,579 | $ 6,159,200 | $ 7,573,294 |
| Provincial Government | -⚑ | -⚑ | 3,236,105 | 941,259 | 42,263 | 43,442 | 3,590,833 | 1,333,214 |
| Other revenue | -⚑ | -⚑ | 641,258 | 263,808 | 2,038,699 | 2,498,889 | 4,090,689 | 4,147,079 |
| Total revenue | 116,583 | 116,573 | 7,228,552 | 4,462,829 | 2,643,177 | 4,093,910 | 13,840,722 | 13,053,587 |
| Expenses | ||||||||
| Salaries and benefits | 16,911 | 17,858 | 830,974 | 520,053 | 286,918 | 286,292 | 1,844,068 | 1,482,247 |
| Amortization | -⚑ | -⚑ | 965,585 | 593,277 | 474,338 | 490,132 | 1,549,020 | 1,192,602 |
| Debt servicing | -⚑ | -⚑ | -⚑ | -⚑ | 74,544 | 74,200 | 123,438 | 111,762 |
| Other expenses | 152,883 | 151,377 | 1,450,586 | 1,452,230 | 3,152,030 | 2,686,484 | 7,942,080 | 7,885,419 |
| Total expenses | 169,794 | 169,235 | 3,247,145 | 2,565,560 | 3,987,830 | 3,537,108 | 11,458,606 | 10,672,030 |
| Annual surplus (deficit) | $ (53,211) | $ (52,662) | $ 3,981,407 | $ 1,897,269 | $ (1,344,653) | $ 556,802 | $ 2,382,116 | $ 2,381,557 |
Chief and council pay · FY 2024-2025
Filed under the FNFTA as the Schedule of Remuneration and Expenses.
A remuneration schedule is posted for this year but is withheld from the current certified release. The source PDF is linked under Sources below.
Specific land claims
All years, from the ISC specific-claims reporting centre, not the financial statement.
1923 Williams TreatyOther—
File Closed
Source: Status Report on Specific Claims · as of 2026/06/19 ISC source
Crawford PurchaseConcluded—
No Lawful Obligation Found
Source: Status Report on Specific Claims · as of 2026/06/19 ISC source
Damages to Wild RiceConcluded—
No Lawful Obligation Found
Source: Status Report on Specific Claims · as of 2026/06/19 ISC source
Gunshot TreatyConcluded—
No Lawful Obligation Found
Source: Status Report on Specific Claims · as of 2026/06/19 ISC source
Islands in the Trent SystemSettled$74,491,842
Settlement Report on Specific Claims
Settled 2012/10/07 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source
Lake Ontario LakeshoreConcluded—
No Lawful Obligation Found
Source: Status Report on Specific Claims · as of 2026/06/19 ISC source
Navy IslandConcluded—
No Lawful Obligation Found
Source: Status Report on Specific Claims · as of 2026/06/19 ISC source
Niagara Treaty LandsConcluded—
No Lawful Obligation Found
Source: Status Report on Specific Claims · as of 2026/06/19 ISC source
Thurlow PurchaseSettled—
Settled through Negotiations
Settled 2010/03/04 · Source: Status Report on Specific Claims · as of 2026/06/19 ISC source
Toronto PurchaseConcluded—
No Lawful Obligation Found
Source: Status Report on Specific Claims · as of 2026/06/19 ISC source
Total reported settlements (10 claims)—
Community context
Governance
- Chief
- KELLY FAY LAROCCA (term to 2029-06-30)
- Council
- 4 councillors
- Election system
- Custom Electoral System
- Tribal council
- Ogemawahj Tribal Council
Show council
- SYLVIA COLEMAN Councillor
- LAURA ETHEL VICTORIA COLWELL Councillor
- JEFFERY STUART FORBES Councillor
- JACOB WILLIAM ELMER JOSEPH KOZLINSKY Councillor
Reserves and location
- Reserves
- 2 reserves
- Region
- ONTARIO · near Toronto
- Band office
- 44.1940, -78.8806
Show reserves
- MISSISSAUGA'S OF SCUGOG ISLAND · 335 ha
- ISLANDS IN THE TRENT WATERS 36A · 140 ha
Population
- Registered
- 261
- On reserve
- 57
- As of
- May, 2026
- On own reserve: 57 · 33 M / 24 F
- On other reserves: 4 · 1 M / 3 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: 200 · 100 M / 100 F
Show full breakdown
Registry facts from the ISC First Nation profiles; land and coordinates from federal open data.