FNFTA Insights

Ministikwan Lake Cree NationFiscal year 2023-2024

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First Nations / Band 397 · Saskatchewan

Ministikwan Lake Cree Nation

Fiscal year 2023-2024 (year-end 2024-03-31) · 1,405 registered · 958 on reserve · Mltc Program Services Inc.

Certified source-faithful captureCompatibility analytics availableFidelity audit passedNo OCROpinion: disclaimerAuditor: MNP LLPReport dated 2025-09-09Prepared by: ManagementSource PDF hashed

At a glance · FY 2023-2024

Annual surplus (deficit)

$14.6M

$14,589,411

Total revenue

$45.2M

$45,200,157

Total expenses

$30.6M

$30,610,746

Accumulated surplus

$54.2M

$54,166,262

Total financial assets

$14.9M

$14,871,077

Total financial liabilities

$25.1M

$25,122,809

Net financial assets (debt)

-$10.3M

-$10,251,732

Total non-financial assets

$64.4M

$64,417,994

Revenue and expenses · FY 2023-2024

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

Revenue

  • Indigenous Services Canada$28.3M
  • MLTC Program Services Inc.$7.29M
  • Meadow Lake Health and Social Development Authority Inc.$3.28M
  • Canada Mortgage and Housing Corporation$2.16M
  • MLTC Resource Development Inc.$787K
  • Insurance claim proceeds$778K
  • First Nations Trust$656K
  • Interest income$648K
  • Meadow Lake Child and Family Services Inc.$566K
  • Other$272K
  • First Nations Drinking Water Settlement$177K
  • Rental income$175K
  • Northern Lights Community Development Corporation$158K

Expenses

  • Social Assistance$6.77M
  • Education$6.20M
  • Community Infrastructure$5.89M
  • Health$5.81M
  • Other Programs$3.73M
  • Administration$1.67M
  • Capital$464K
  • Economic Development$58.0K
  • Reserves & Trusts$21.1K

Reconciliation: revenue $45.2M − expenses $30.6M = $14.6M 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
2024-2025Posted, not captured———Posted, not capturedPDF
2023-2024viewingViewViewViewView9 rowsPDF
2022-2023Posted, not captured———7 rowsPDF
2021-2022Posted, not captured———10 rowsPDF
2020-2021Posted, not captured———7 rowsPDF
2019-2020Posted, not captured———Posted, not capturedPDF
2018-2019Posted, not captured———Posted, not capturedPDF
2017-2018Posted, not captured———10 rowsPDF
2016-2017Posted, not captured———Posted, not capturedPDF
2015-2016Posted, not captured———Posted, not capturedPDF
2014-2015Posted, not captured———1 rowsPDF
2013-2014Posted, not captured———Posted, not capturedPDF

Statements as published · FY 2023-2024

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Consolidated Statement of Financial Position

FY 2023-2024 · PDF page 6

FA − FL = Net FA: matchedNet FA + NFA = Acc. surplus: matched
20242023
Financial assets
Current
Cash1,898,1341,605,606
Accounts receivable (Note 4)n44,207,6504,500,060
Restricted cash (Note 5)n58,591,28611,772,997
[subtotal]14,697,07017,878,663
Portfolio investments (Note 6)n6944944
Funds held in trust (Note 7)n7173,063166,141
Total financial assets14,871,07718,045,748
Liabilities
Current
Accounts payable and accruals (Note 8)n85,306,0533,108,930
Deferred revenue (Note 9)n916,395,64119,558,636
Current portion of long-term debt (Note 10)n10455,844290,141
[subtotal]22,157,53822,957,707
Long-term debt (Note 10)n101,937,0192,226,835
Asset retirement obligation (Note 19)n191,028,252950,215
Total financial liabilities25,122,80926,134,757
Net debt(10,251,732)(8,089,009)
Non-financial assets
Tangible capital assets (Note 12)n1264,417,99447,665,860
Accumulated surplus (Note 13)n1354,166,26239,576,851

Consolidated Statement of Operations and Accumulated Surplus

FY 2023-2024 · PDF page 7

Rev − Exp = Surplus: matched
2024 Budget (Note 16)(budget)2024 Actual2023 Actual
Revenue
Indigenous Services Canada (Note 14)n1421,867,87328,261,88519,650,568
MLTC Program Services Inc.-⚑7,287,5646,015,810
Meadow Lake Health and Social Development Authority Inc.-⚑3,276,9202,336,137
Canada Mortgage and Housing Corporation941,2402,157,936350,401
Meadow Lake Child and Family Services Inc.-⚑566,323338,611
Insurance claim proceeds-⚑778,064-⚑
MLTC Resource Development Inc.1,200,000786,6671,477,778
First Nations Trust-⚑656,026494,891
Interest income-⚑647,605367,141
Other834,000271,855167,812
First Nations Drinking Water Settlement-⚑176,579500,000
Rental income-⚑174,826275,811
Northern Lights Community Development Corporation-⚑157,90762,500
[total]24,843,11345,200,15732,037,460
Program expenses
Administration885,3101,670,9513,501,103
Capital350,000463,941507,545
Community Infrastructure1,642,0355,885,9274,173,957
Economic Development-⚑58,00460,587
Education5,277,4196,203,9815,970,172
Health2,576,1385,808,9034,593,961
Reserves & Trusts14,87921,11514,879
Social Assistance349,4536,769,3505,677,321
Other Programs417,2363,728,5743,107,050
[total]11,512,47030,610,74627,606,575
Surplus13,330,64314,589,4114,430,885
Accumulated surplus, beginning of year39,576,85139,576,85135,145,966
Accumulated surplus, end of year52,907,49454,166,26239,576,851

Consolidated Statement of Change in Net Debt

FY 2023-2024 · PDF page 8

2024 Budget (Note 16)(budget)2024 Actual2023 Actual
Annual surplus13,330,64314,589,4114,430,885
Purchases of tangible capital assets(10,705,403)(18,825,461)(9,706,397)
Amortization of tangible capital assets-⚑2,073,3271,970,001
Addition of asset retirement obligation-⚑-⚑(784,018)
Decrease (increase) in net debt2,625,240(2,162,723)(4,089,529)
Net debt, beginning of year(8,089,009)(8,089,009)(3,999,480)
Net debt, end of year(5,463,769)(10,251,732)(8,089,009)

Consolidated Statement of Cash Flows

FY 2023-2024 · PDF page 9

20242023
Cash provided by (used for) the following activities
Operating activities
Surplus14,589,4114,430,885
Non-cash items
Amortization2,073,3271,970,001
Accretion78,037166,197
Bad debts282,680257,705
[subtotal]17,023,4556,824,788
Changes in working capital accounts
Accounts receivable9,730(2,621,880)
Accounts payable and accruals2,197,1231,201,524
Deferred revenue(3,162,995)3,307,446
[subtotal]16,067,3138,711,878
Financing activities
Advances of long-term debt166,594-⚑
Repayment of long-term debt(290,707)(292,418)
[subtotal](124,113)(292,418)
Capital activities
Purchases of tangible capital assets(18,825,461)(9,706,397)
Investing activities
Change is funds held in trust(6,922)(6,599)
Decrease in cash resources(2,889,183)(1,293,536)
Cash resources, beginning of year13,378,60314,672,139
Cash resources, end of year10,489,42013,378,603
Cash1,898,1341,605,606
Restricted cash8,591,28611,772,997
[total]10,489,42013,378,603

Schedules as published

Schedule 1 - Consolidated Schedule of Tangible Capital AssetsPDF p. 21
LandHouses(other)Buildings(other)Infrastructure(other)Roads(other)Equipment(other)Subtotal(other)
Cost
Balance, beginning of year220,00017,773,39722,575,0055,817,4429,927,4671,002,11257,315,423
Acquisition of tangible capital assets-⚑152,00045,000-⚑-⚑29,583226,583
Construction-in-progress-⚑1,227,6761,591,309-⚑-⚑-⚑2,818,985
Asset retirement obligation adoption
Balance, end of year220,00019,153,07324,211,3145,817,4429,927,4671,031,69560,360,991
Accumulated amortization
Balance, beginning of year-⚑12,474,65011,042,7023,158,6686,452,449708,51533,836,984
Annual amortization-⚑515,349482,733116,349397,09956,5551,568,085
Asset retirement obligation-⚑-⚑70,9387,464-⚑-⚑78,402
Balance, end of year-⚑12,989,99911,596,3733,282,4816,849,548765,07035,483,471
Net book value of tangible capital assets220,0006,163,07412,614,9412,534,9613,077,919266,62524,877,520
2023 Net book value of tangible capital assets220,0005,298,74711,532,3036,133,792-⚑293,59723,478,439
Schedule 1 - Consolidated Schedule of Tangible Capital Assets (Continued)PDF p. 22
SubtotalVehicles(other)Assets under construction(other)2024(other)2023(other)
Cost
Balance, beginning of year57,315,4233,188,93123,494,00183,998,35573,507,940
Acquisition of tangible capital assets226,583640,03418,352,93919,219,556939,033
Construction-in-progress2,818,985-⚑(3,213,080)(394,095)8,767,364
Asset retirement obligation adoption-⚑-⚑-⚑-⚑784,018
Balance, end of year60,360,9913,828,96538,633,860102,823,81683,998,355
Accumulated amortization
Balance, beginning of year33,836,9842,495,511-⚑36,332,49534,362,494
Annual amortization1,568,085426,840-⚑1,994,9251,891,599
Asset retirement obligation78,402-⚑-⚑78,40278,402
Balance, end of year35,483,4712,922,351-⚑38,405,82236,332,495
Net book value of tangible capital assets24,877,520906,61438,633,86064,417,99447,665,860
2023 Net book value of tangible capital assets23,478,439693,41823,494,00347,665,860-⚑
Schedule 2 - Schedule of Consolidated Expenses by ObjectPDF p. 23
20242023
Consolidated expenses by object
Accretion of asset retirement obligations78,037166,197
Amortization2,073,3271,970,001
Bad debts282,680257,705
Band member assistance2,441,2491,236,362
Bank charges, interest and penalties89,059129,164
Community events932,487888,899
Contracted services1,920,767763,083
Cultural activities70,392107,704
Elder assistance71,67748,616
Equipment rental22,92521,680
Fuel116,075231,930
Honouraria844,528814,186
Insurance375,383377,493
Meetings219,51863,722
Office supplies202,671260,709
Professional fees617,018815,411
Program activities1,420,1921,771,251
Reimbursement to major capital-⚑150,000
Rent59,802133,637
Repairs and maintenance2,011,614723,825
Salaries and benefits7,944,6048,116,101
Social Assistance5,433,0774,705,215
Student expenses479,342662,311
Supplies893,8631,289,277
Telephone21,64119,251
Training305,326324,638
Travel1,328,6161,233,276
Utilities354,876324,931
[total]30,610,74627,606,575

Notes to the financial statements

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

Note 4Accounts receivable

20242023
Indigenous Services Canada2,887,4233,128,465
First Nations Trust533,392414,818
Meadow Lake Tribal Council366,450592,608
Northern Lights Community Development Corporation155,40762,500
Other amounts199,888184,795
GST receivables35,31187,095
Canada Mortgage and Housing Corporation29,77929,779
[total]4,207,6504,500,060
Note 5Restricted cash

20242023
Cash held for capital projects7,402,63210,716,830
CMHC reserves1,188,6541,056,167
[total]8,591,28611,772,997
Note 6Portfolio investments

20242023
Measured at cost:
First Nations Bank940940
MLTC Resource Development Limited Partnership11
MLTC Program Services Inc.11
White Buffalo Development Corp.11
Accurate Industries Holdings Inc.11
[total]944944
Note 7Funds held in trust

20242023
Capital Trust
Balance, beginning of year60,65360,653
Revenue Trust
Balance, beginning of year80,50973,910
Interest6,8186,599
[subtotal]87,32780,509
Lawyer's Trust
Balance, beginning of year24,97924,877
Interest104102
[subtotal]25,08324,979
[total]173,063166,141
Note 8Accounts payable and accruals

20242023
Government remittances45,131188,106
Trade payables2,613,8661,462,631
Employee benefits payable31,54550,242
Construction holdbacks2,615,5111,407,951
[total]5,306,0533,108,930
Note 9Deferred revenue

Balance, beginning of yearAmount received(other)Amount expended(other)Balance, end of year(other)
Indigenous Services Canada - capital12,137,27012,159,55017,156,7157,140,105
Indigenous Services Canada - operating6,331,22512,424,18711,105,1717,650,241
Meadow Lake Health & Social Development Authority Inc.553,5543,304,2413,276,920580,875
Meadow Lake Tribal Council Program Services Inc.15,0007,549,2707,287,563276,707
Meadow Lake Tribal Council Child & Family Services Inc.296,587642,449566,323372,713
Canada Mortgage and Housing Corporation225,0002,307,9362,157,936375,000
[total]19,558,63638,387,63341,550,62816,395,641
Note 10Long-term debt

20242023
CMHC phase 1 mortgage bearing interest at 0.69%, matures August 2024, and repayable in blended monthly principal and interest payments of ,156. Secured by a ministerial guarantee.5,76919,545
CMHC phase 2 mortgage bearing interest at 3.04%, matures January 2027, and repayable in blended monthly principal and interest payments of ,659. Secured by a ministerial guarantee.53,99271,967
CMHC phase 3 mortgage bearing interest at 3.04%, matures July 2030, and repayable in blended monthly principal and interest payments of ,735. Secured by a ministerial guarantee.327,183373,336
CMHC phase 4 mortgage bearing interest at 3.04%, matures September 2030, and repayable in blended monthly principal and interest payments of ,687. Secured by a ministerial guarantee.331,579377,035
CMHC phase 5 mortgage bearing interest at 3.04%, matures July 2030, and repayable in blended monthly principal and interest payments of ,786. Secured by a ministerial guarantee.261,559298,456
CMHC phase 6 mortgage bearing interest at 3.04%, matures December 2036, and repayable in blended monthly principal and interest payments of ,210. Secured by a ministerial guarantee.280,299298,034
CMHC phase 7 mortgage bearing interest at 3.45%, matures January 2037, and repayable in blended monthly principal and interest payments of ,134. Secured by a ministerial guarantee.141,100149,698
CMHC phase 8 mortgage bearing interest at 3.98%, matures May 2037, and repayable in blended monthly principal and interest payments of ,555. Secured by a ministerial guarantee.437,499462,317
CMHC phase 9 mortgage bearing interest at 0.96%, matures December 2028, and repayable in blended monthly principal and interest payments of ,953. Secured by a ministerial guarantee.387,289466,588
Government of Canada Indigenous claims loan bearing no interest, and maturing at the earlier of March 31, 2028 or the date the Nation's Treaty 6 Agriculture Assistance Claim is settled. Secured by a promissory note.166,594-⚑
[subtotal]2,392,8632,516,976
Less: less: current portion455,844290,141
[total]1,937,0192,226,835
Amount
2025455,845
2026290,810
2027295,085
2028285,859
2029271,249
Note 11Asset retirement obligation

20242023
Balance, beginning of year950,215-⚑
Liabilities incurred-⚑784,018
Accretion78,037166,197
Balance, end of year1,028,252950,215
Note 12Tangible capital assets

Budget(budget)Cumulative costs to March 31, 2024
Solid waste transfer station (AT433)3,379,434926,928
Water treatment plant (AT241)9,658,5279,253,078
Subdivision (AT057)10,511,6217,347,399
Lagoon (AT240)14,855,75014,450,832
School remediation (CT969)6,070,2145,325,792
Community road repairs (CTA222)2,150,000106,587
Teacherages (CTE48)2,200,00027,021
Rapid Housing Initiative-⚑1,196,223
[total]-⚑38,633,860
Note 13Accumulated surplus

20242023
Equity in funds held in trust - Ottawa147,980141,162
Equity in investments944944
Equity in CMHC reserves2,180,4122,046,825
Equity in tangible capital assets62,191,72545,148,884
Operating deficit(10,354,799)(7,760,964)
[total]54,166,26239,576,851
Note 14Reconciliation of funding from Indigenous Services Canada

20242023
Funding per ISC confirmation24,583,73621,867,873
Add:
Prior year unearned funding18,468,49516,251,190
Less:
Current year unearned funding(14,790,346)(18,468,495)
[total]28,261,88519,650,568

Chief and council pay · FY 2023-2024

9 certified rows

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

PositionNameRemunerationExpensesTotal
Chief (Councillor for 6.5 mo.)Amanda Ernest$72,501$204,959—
CouncillorAustin Scott Heathen$25,469$70,526—
CouncillorBryan Crookedneck$60,200$147,223—
CouncillorDale Chief$60,200$167,082—
CouncillorGabe Alexan$60,200$123,021—
Councillor (former)Harvey Chief$37,046$61,978—
Councillor (former)Joey A Crookedneck$37,046$71,149—
Chief (former)Leon Crookedneck$54,938$93,466—
CouncillorTina Alexan$25,469$83,471—

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.

1914 Ministikwan AlienationSettled$270,000

Settlement Report on Specific Claims

Settled 1991/07/19 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

Ammunition and Twine - Treaty 6Settled$1,220,636

Settlement Report on Specific Claims

Settled 2020/03/12 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

Treaty 6 Agricultural AssistanceSettled$78,543,417

Settlement Report on Specific Claims

Settled 2024/12/13 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

Treaty 6 Annuities IndexingConcluded—

No Lawful Obligation Found

Filed 2026/03/16 · Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

Unfunded Annuities for Chiefs and HeadmenOther—

File Closed

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

Total reported settlements (5 claims)—

Community context

Governance

Chief
AMANDA ERNEST (term to 2029-10-21)
Council
6 councillors
Election system
First Nations Elections Act
Tribal council
Mltc Program Services Inc.
Show council
  • MICHAEL ALEXAN Councillor
  • TINA ALEXAN Councillor
  • COLIN CHIEF Councillor
  • DALE CHIEF Councillor
  • LESLIE CROOKEDNECK Councillor
  • JASON STICK Councillor

Reserves and location

Reserves
2 reserves
Region
SASKATCHEWAN · near Prince Albert
Show reserves
  • MINISTIKWAN INDIAN RESERVE NO. 161 · 8,349 ha
  • MINISTIKWAN INDIAN RESERVE NO. 161A · 2,771 ha

Population

Registered
1,405
On reserve
958
As of
May, 2026
Show full breakdown
  • On own reserve: 958 · 459 M / 499 F
  • On other reserves: 142 · 62 M / 80 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: 2 · 2 M / 0 F
  • Off reserve: 303 · 152 M / 151 F

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