FNFTA Insights

Atikameksheng AnishnawbekFiscal year 2024-2025

← 2023–24

First Nations / Band 224 · Ontario

Atikameksheng Anishnawbek

Fiscal year 2024-2025 (year-end 2025-03-31) · 1,876 registered · 411 on reserve · Mamaweswen, The North Shore Tribal Council

Certified source-faithful captureCompatibility analytics availableFidelity audit passedNo OCROpinion: unqualifiedAuditor: FREELANDT CALDWELL REILLY LLPPrepared by: ManagementSource PDF hashed

At a glance · FY 2024-2025

Annual surplus (deficit)

-$158M

-$157,982,654

Total revenue

$39.0M

$38,956,622

Total expenses

$199M

$199,386,526

Accumulated surplus

$256M

$256,232,524

Total financial assets

$287M

$286,513,812

Total financial liabilities

$62.6M

$62,585,357

Net financial assets (debt)

$224M

$223,928,455

Total non-financial assets

$32.3M

$32,304,069

Revenue and expenses · FY 2024-2025

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

Revenue

  • Other$30.6M
  • Indigenous Services Canada$8.33M
  • Indigenous Services Canada - other$49.0K
  • Deferred contributions$1.13K

Expenses

  • Robinson Huron Treaty per capita distributions$174M
  • Education and Cultural$4.62M
  • Health$3.62M
  • Political$3.47M
  • Administration$3.42M
  • Lands Management and Economic Development$3.34M
  • Infrastructure and Capital$2.97M
  • Social Services$2.27M
  • Claim Litigation$1.00M
  • CMHC Housing$521K
  • Housing - Other$361K

Reconciliation: revenue $39.0M − expenses $199M = -$158M deficit

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
2024-2025viewingViewViewViewView11 rowsPDF
2023-2024Posted, not captured———6 rowsPDF
2022-2023Posted, not captured———6 rowsPDF
2021-2022Posted, not captured———6 rowsPDF
2020-2021Posted, not captured———10 rowsPDF
2019-2020Posted, not captured———8 rowsPDF
2018-2019Posted, not captured———Posted, not capturedPDF
2017-2018Posted, not captured———Posted, not capturedPDF
2016-2017Posted, not captured———Posted, not capturedPDF
2015-2016Posted, not captured———Posted, not capturedPDF
2014-2015Posted, not captured———Posted, not capturedPDF
2013-2014Posted, not captured———Posted, not capturedPDF

Statements as published · FY 2024-2025

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Consolidated Statement of Financial Position

FY 2024-2025 · PDF page 13

FA − FL = Net FA: matchedNet FA + NFA = Acc. surplus: matched
20252024
Cash274,758,62411,396,350
Restricted cash - (note 2)n22,049,6031,774,125
Short-term investment (note 3)n3317,566301,292
Accounts receivable (note 4)n47,304,9207,178,687
Robinson Huron Treaty settlement receivable (note 5)n5-⚑383,802,706
Consolidated revenue fund (note 6)n6371,783371,420
Investments (note 7)n71,711,316317,446
Total financial assets286,513,812405,142,026
Accounts payable and accrued liabilities (note 8)n844,489,7973,432,507
Deferred contributions (note 9)n94,989,3707,390,832
First Nation Finance Authority debt (note 10)n104,857,8723,166,798
Long-term debt (note 11)n118,248,3186,652,030
Total financial liabilities62,585,35720,642,167
Net financial assets223,928,455384,499,859
Tangible capital assets (note 20) (schedule 1)n2032,184,11329,541,481
Prepaid expenses119,956173,838
Total non-financial assets32,304,06929,715,319
Accumulated surplus (note 12)n12256,232,524414,215,178

Consolidated Statement of Operations and Accumulated Surplus

FY 2024-2025 · PDF page 15

Rev − Exp = Surplus: matched
Schedule(other)Budget(budget)20252024
Indigenous Services Canada (note 16)n16⚑6,416,6968,330,3447,045,062
Indigenous Services Canada - other (note 16)n16⚑-⚑49,023124,815
Other (note 17)n17⚑19,722,81630,576,12517,575,135
Deferred contributions⚑1,097,0731,130588,939
Total revenues⚑27,236,58538,956,62225,333,951
Administration43,789,0483,421,7823,660,355
Education and Cultural56,799,3624,623,9854,131,311
Social Services63,108,7092,273,4862,473,658
Infrastructure and Capital73,945,7702,972,3552,627,948
Health83,762,2153,617,4193,476,873
Housing - Other9235,198360,636206,462
CMHC Housing10592,874521,029486,480
Lands Management and Economic Development112,046,3423,344,3342,450,484
Political122,345,3373,469,0813,051,137
Claim Litigation13967,5001,004,6811,623,308
Restricted Funds14-⚑-⚑-⚑
Robinson Huron Treaty per capita distributions15-⚑173,777,738-⚑
Total expenses⚑27,592,355199,386,52624,188,016
Excess (deficiency) of revenues over expenses from general operations⚑(355,770)(160,429,904)1,145,935
Robinson Huron Treaty past compensation settlement⚑-⚑-⚑383,802,706
First Nation share of Bagone'an JS Drilling Inc.⚑-⚑572,697121,223
Giyak Mishkawzid Shkagmikwe Inc. and Limited Partnership⚑-⚑1,874,553(73,139)
Excess (deficiency) of revenues over expenses for the year⚑(355,770)(157,982,654)384,996,725
Accumulated surplus, beginning of year⚑414,215,178414,215,17829,218,453
Accumulated surplus, end of year⚑413,859,408256,232,524414,215,178

Consolidated Statement of Changes in Net Assets

FY 2024-2025 · PDF page 17

Budget(budget)20252024
Excess (deficiency) of revenues over expenses for the year(355,770)(157,982,654)384,996,725
Amortization of tangible capital assets-⚑1,420,1081,223,936
Acquisition of tangible capital assets-⚑(4,062,740)(4,038,333)
Impairment of capital assets-⚑-⚑3,611
Change in prepaid expenses-⚑53,882(10,180)
Change in net assets for the year(355,770)(160,571,404)382,175,759
Net assets, beginning of year384,499,859384,499,8592,324,100
Net assets, end of year384,144,089223,928,455384,499,859

Consolidated Statement of Cash Flows

FY 2024-2025 · PDF page 19

20252024
Excess (deficiency) of revenues over expenses for the year(157,982,654)384,996,725
Amortization of tangible capital assets1,420,1081,223,936
First Nation share of Bagone'an JS Drilling Inc.(572,697)(121,223)
First Nation share of Giyak Mishkawzid Shkagmikwe Inc. and LP(1,874,553)73,139
Impairment of capital assets-⚑3,611
Assignment of Bagone'an dividends to GMS LP1,053,381-⚑
[total](157,956,415)386,176,188
Short-term investment(16,274)-⚑
Accounts receivable(126,233)(3,666,844)
Robinson Huron Treaty settlement receivable383,802,706(383,802,706)
Consolidated revenue fund(363)(767)
Prepaid expenses53,882(10,180)
Accounts payable and accrued liabilities41,057,290887,651
Deferred contributions(2,401,462)1,976,320
Investment in Waasmoowin Energy Inc.(1)-⚑
Investment in Limited Partnership-⚑(100)
Net change in cash from operating activities264,413,1301,559,562
Cash used to acquire tangible capital assets(4,062,740)(4,038,333)
Net change in cash from capital activities(4,062,740)(4,038,333)
Repayment of long-term debt(167,825)(155,793)
Advances of long-term debt1,764,1131,429,542
Advances of First Nation Finance Authority debt1,785,145-⚑
Repayment of First Nation Finance Authority debt(94,071)(171,858)
Net change in cash from financing activities3,287,3621,101,891
Net change in cash for the year263,637,752(1,376,880)
Cash, beginning of year13,170,47514,547,355
Cash, end of year276,808,22713,170,475
Cash274,758,62411,396,350
Restricted cash2,049,6031,774,125
[total]276,808,22713,170,475

Notes to the financial statements

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

Note 1Amortization

Rate
Buildings
Business park
Water system
Roads & bridges
Computer hardware & software
Vehicles and heavy equipment
Solar park
Note 2First Nation Finance Authority reserve

20252024
Canada Mortgage and Housing Corporation reserve372,359356,596
Ontario First Nation (2008) Limited Partnership reserve1,235,7501,183,311
First Nation Finance Authority reserve441,494234,218
[total]2,049,6031,774,125
Note 4Accounts Receivable

20252024
Indigenous Services Canada354,253594,497
Ontario Ministry of Health80,359100,158
Canada Mortgage and Housing Corporation51,72951,729
FedNor55,45474,791
Vale Canada Limited500,000500,000
Other accounts receivable2,062,8422,539,173
Robinson Huron Treaty Litigation Fund-⚑415,000
Government remittances and rebates158,888280,981
Nogdawindamin366,420686,485
Union of Ontario Indians256,387250,036
Giyak Mishkawzid Shkagmikwe Limited Partnership1,354,161455,204
KGHM2,683,2281,860,099
Allowance for doubtful accounts (i)(618,801)(629,466)
[total]7,304,9207,178,687
[rate]
Current to 30 days
31 to 60 days
61 to 90 days
Over 90 days
Note 7Investments

20252024
Ontario First Nations Asset Management GP Corp. - 1 common share11
Ontario First Nations Sovereign Wealth Limited Partnership - Units representing 0.6196% interest11
Bagone'an JS Drilling Inc. (i)(90,252)390,432
Eshkaa Niibiish-Day Inc. (ii)5151
Aki-eh Dibiniwewziwin Limited Partnership (iii)100100
Giyak Mishkawzid Shkagmikwe Inc. (iv)(87,428)(73,139)
Giyak Mishkawzid Shkagmikwe, LP (v)1,888,842-⚑
Waasmoowin Energy Inc. (vi)1-⚑
[total]1,711,316317,446
20242023
Current assets663,4581,014,347
Equipment1,2135,386
Total assets664,6711,019,733
Current436,635254,180
Advances from corporate shareholders405,000765,453
Total liabilities841,6351,019,633
Share capital100100
Deficit(177,064)-⚑
[total]664,6711,109,733
Revenues6,347,3094,830,606
Expenses4,912,7094,559,603
Earnings before undernoted item1,434,600271,003
Income taxes311,66434,623
Net earnings1,122,936236,380
Retained earnings, beginning of year-⚑529,073
Dividends paid(1,300,000)(765,453)
Deficit, end of year(177,064)-⚑
20252024
Current assets100920,361
Property and equipment-⚑1,249,293
Advances to corporate shareholder-⚑425,197
Total assets1002,594,851
Current-⚑537,966
Long-term debt-⚑955,401
Advances from related company87,428-⚑
Deferred capital contributions-⚑1,150,832
Total liabilities87,4282,644,199
Share capital100100
Deficiency(87,428)(49,448)
[total]1002,594,851
Revenues124,136457,625
Expenses162,116507,073
Deficiency of revenues over expenses(37,980)(49,448)
Deficiency, beginning of year(49,448)-⚑
Deficiency, end of year(87,428)(49,448)
2025
Current assets3,812,828
Property and equipment4,320,587
Advances from related company251,751
Total assets8,385,166
Current1,074,149
Long-term debt1,326,886
Deferred capital contributions4,095,289
Total liabilities6,496,324
Partners' capital1,888,842
[total]8,385,166
Revenues3,264,919
Expenses1,376,077
Excess of revenues over expenditures, being partners' capital, end of year1,888,842
Note 8Accounts Payable and Accrued Liabilities

20252024
Per capita distribution payable - Minors34,588,895-⚑
Per capita distribution payable - Adults5,724,682-⚑
Repayable to funders1,142,678916,903
Other payables3,033,5422,515,604
[total]44,489,7973,432,507
Note 9Deferred Contributions

20252024
Administration617,827563,833
Social Services819,081553,513
Education1,675,5511,674,455
Infrastructure and Capital120,388238,558
Health304,110587,938
Housing - Other655,923621,201
Lands Management308,432236,374
Penache Lake Leases91,388105,160
Political173,636167,237
Rent Revenues14,89514,895
Funds received for 2025 fiscal operations-⚑2,559,228
Other208,13968,440
[total]4,989,3707,390,832
Note 10First Nation Finance Authority debt Estimated principal re-payments

[value]
2026188,331
2027188,331
2028188,331
2029188,331
2030188,331
Subsequent years3,916,217
[total]4,857,872
Note 11Long-Term Debt

20252024
Royal Bank of Canada timber claim litigation loan. Interest only payments quarterly, repayable in full on the earlier of a) receipt of funds pursuant to a judgement relating to the claim or b) the last day of a 5-year term from drawdown. Amount available on facility to a maximum of $2,614,640. Secured with AmTrust Europe Ltd. insurance policy, surety bond, undertaking for claim receipts, general security agreement. Bearing interest at the bank's prime rate of interest plus 0.5% per annum.1,618,3771,335,302
Royal Bank of Canada boundary claim litigation loan. Interest only payments quarterly, repayable in full on the earlier of a) receipt of funds pursuant to a judgement relating to the claim or b) the last day of a 5-year term from drawdown. Amount available on facility to a maximum of $4,855,760. Secured with AmTrust Europe Ltd. insurance policy, surety bond, undertaking for claim receipts, general security agreement. Bearing interest at the bank's prime rate of interest plus 0.25% per annum.4,736,4604,006,439
Canada Mortgage and Housing Corporation mortgage. Repayable by monthly blended payments of $ 2,876 including interest at 0.73% per annum, renewing July 2025 and maturing July 2040. Insured by Canada Mortgage and Housing Corporation.500,519531,268
Canada Mortgage and Housing Corporation mortgage. Repayable by monthly blended payments of $ 2,660 including interest at 1.22% per annum, renewing July 2026 and maturing July 2036. Insured by Canada Mortgage and Housing Corporation.337,744365,377
Canada Mortgage and Housing Corporation mortgage. Repayable by monthly blended payments of $ 2,493 including interest at 3.74% per annum, renewing June 2028 and maturing April 2033. Insured by Canada Mortgage and Housing Corporation.208,655230,403
[total]7,401,7556,468,789
20252024
Continued from previous page7,401,7556,468,789
Canada Mortgage and Housing Corporation mortgage. Repayable by monthly blended payments of $ 5,363 including interest at 3.51% per annum, maturing December 2029. Insured by Canada Mortgage and Housing Corporation.741,348-⚑
Canada Mortgage and Housing Corporation mortgage. Repayable by monthly blended payments of $ 2,234 including interest at 3.74% per annum, maturing May 2028. Insured by Canada Mortgage and Housing Corporation.79,977103,346
Canada Mortgage and Housing Corporation mortgage. Repayable by monthly blended payments of $ 2,723 including interest at 0.67% per annum, maturing April 2025. Insured by Canada Mortgage and Housing Corporation.2,66835,253
Canada Mortgage and Housing Corporation mortgage. Repayable by monthly blended payments of $ 1,878 including interest at 1.35% per annum, maturing March 2026. Insured by Canada Mortgage and Housing Corporation.22,57044,642
[total]8,248,3186,652,030
[value]
2026172,048
2027152,902
2028154,819
2029136,316
2030134,992
Subsequent years7,497,241
[total]8,248,318
Note 12Accumulated Surplus

20252024
Unrestricted operating accumulated surplus3,129,9181,562,378
Unrestricted deficit - Land claims(1,054,303)(1,054,303)
Unrestricted deficit - Boundary claim(4,766,810)(4,035,274)
Unrestricted deficit - Timber claims(1,786,471)(1,544,762)
Unrestricted deficit - Annuity Claim189,767189,767
Unrestricted deficit - Robinson Huron Treaty settlement223,703,314383,802,706
Unrestricted surplus219,415,415378,920,512
Reserves (see below)5,990,7107,836,518
Ontario First Nations Limited Partnership2,485,6932,022,333
Consolidated revenue fund371,783371,420
Invested in capital assets27,968,92325,064,395
[total]256,232,524414,215,178
Externally restricted funds: Social housing replacement271,462351,132
Internally restricted funds: Social housing replacement93,68885,688
Housing179,650170,680
Medical services146,666146,666
Health82,81482,814
Operating281,921281,921
Capital projects252,399337,399
Atikameksheng Trust134,192134,192
Land86,62086,620
Fire protection13,14313,143
Education and social services20,00020,000
Building maintenance124,950124,950
Niigaaniin11,43811,438
Atikameksheng Heritage3,631,8345,149,223
Penache leasing626,929807,648
Timber dues33,00433,004
[total]5,990,7107,836,518
Note 16Contribution arrangement funding provided by Indigenous Services Canada

Schedule(other)FundingExpenditures(other)Repayable(other)
Medical TransportationHealth⚑241,490297,592-⚑
Funerals and BurialsAdmin⚑13,10519,780-⚑
Note 17Other Revenues

20252024
Kinoomaadziwin Education Body3,952,5323,671,881
Ontario First Nation Limited Partnership1,452,1651,149,447
KGHM1,459,2021,425,775
Nogdawindamin420,664890,707
Union of Ontario Indians861,200534,552
Canada Mortgage and Housing Corporation149,734139,055
Ontario Ministry of Health500,295478,657
Housing rentals415,762399,905
Robinson Huron Treaty related funding63,277835,928
Vale Canada Limited1,000,000500,000
Technica-⚑642,716
Employment & Social Development Canada465,730471,734
Ministry of Attorney General282,936530,000
Ministry of Agriculture1,233,170266,887
Interest740,190731,524
Interest on Robinson Huron Treaty funds12,928,564-⚑
Other4,650,7044,906,367
[total]30,576,12517,575,135

Chief and council pay · FY 2024-2025

11 certified rows

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

PositionNameRemunerationExpensesTotal
CouncillorArthur Petahtegoose$33,676$5,196—
CouncillorCheryl Miller-Martin$35,158$3,135—
ChiefCraig Nootchtai$121,483$5,751—
Off-Reserve CouncillorDarrell Grenier$36,482$3,510—
CouncillorHarvey Petahtegoose$7,413$623—
Youth CouncillorJayde Naponse$26,051$1,603—
CouncillorJennifer Petahtegoose$7,663$1,223—
CouncillorLesley McNeil$7,413$3,881—
CouncillorMonica Homer$35,741$2,970—
CouncillorTiffany Taylor$37,381$3,260—
CouncillorVance Nootchtai$36,059$5,241—

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: dual vision v2). Source document

Specific land claims

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

Incorrect SurveySettled$14,500,000

Settlement Report on Specific Claims

Settled 1998/03/31 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

Timber ClaimOther—

Claim Active at the SC Tribunal

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

Treaty RightsConcluded—

No Lawful Obligation Found

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

Total reported settlements (3 claims)—

Community context

Governance

Chief
CRAIG COLIN NOOTCHTAI (term to 2028-06-30)
Council
7 councillors
Election system
Custom Electoral System
Tribal council
Mamaweswen, The North Shore Tribal Council
Show council
  • DARRELL EDWARD GRENIER Councillor
  • MONICA WINONA HOMER Councillor
  • CHERYL ANN MILLER-MARTIN Councillor
  • JAYDE MICAH NAPONSE Councillor
  • VANCE RONIE NOOTCHTAI Councillor
  • ARTHUR DENNIS ROY PETAHTEGOOSE Councillor
  • TIFFANY DAWN TAYLOR Councillor

Reserves and location

Reserves
1 reserves
Region
ONTARIO · near Sudbury
Show reserves
  • WHITEFISH LAKE 6 · 19,750 ha

Population

Registered
1,876
On reserve
411
As of
May, 2026
Show full breakdown
  • On own reserve: 411 · 198 M / 213 F
  • On other reserves: 45 · 24 M / 21 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: 1,420 · 670 M / 750 F

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