Athabasca Chipewyan First NationFiscal year 2024-2025year-end 2025-03-31

First Nations / Band 463 · Alberta

Athabasca Chipewyan First Nation

Fiscal year 2024-2025 (year-end 2025-03-31) · 1,567 registered · 32 on reserve · Athabasca Tribal Council Limited

Certified source-faithful captureFull statement onlyFidelity audit passedNo OCROpinion: unqualifiedAuditor: MNP LLPReport dated 2025-10-16Prepared by: ManagementSource PDF hashed

At a glance · FY 2024-2025

Statement posted on the FNFTA index for this year, but not yet captured into structured data. The source PDF is linked under Sources below.

Revenue and expenses · FY 2024-2025

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

Revenue

Industry contributions$21.8M
Department of Indigenous Services Canada$9.68M
Earnings from investment in Nation business entities$8.99M
Store revenue$6.53M
Investment income$4.96M
Industry grants and other revenue$3.28M
Income from joint venture and partnership$2.43M
Deferred revenue - prior year$1.74M
Canada Mortgage and Housing Corporation$841K
Nutrition North Canada$807K
First Nations Development Fund$685K
Rental income$667K
Other revenue$508K
Indigenous skills and employment training$138K
Deferred revenue - current year-$1.61M

Expenses

Administration$18.1M
ACFN Dene Lands and Resources Management$9.67M
K'aitaile Market Ltd.$7.90M
Settlement Funds$3.90M
Housing$3.40M
Education and Training$2.59M
1497161 Alberta Ltd.$1.60M
ACFN Commercial Properties$1.21M
Social Development$960K
Agriculture Benefits Settlement Trust$440K
K'aitaile Denesoline Trust$323K
Entity Funds$44.3K

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	—	Posted, not captured	PDF
2023-2024	Posted, not captured	—	—	—	Posted, not captured	PDF
2022-2023	Posted, not captured	—	—	—	Posted, not captured	PDF
2021-2022	Posted, not captured	—	—	—	Posted, not captured	PDF
2020-2021	Posted, not captured	—	—	—	5 rows	PDF
2019-2020	Posted, not captured	—	—	—	8 rows	PDF
2018-2019	Posted, not captured	—	—	—	5 rows	PDF
2017-2018	Posted, not captured	—	—	—	Posted, not captured	PDF
2016-2017	Posted, not captured	—	—	—	Posted, not captured	PDF
2015-2016	Posted, not captured	—	—	—	Posted, not captured	PDF
2014-2015	Posted, not captured	—	—	—	Posted, not captured	PDF
2013-2014	Posted, not captured	—	—	—	Posted, not captured	PDF

Statements as published · FY 2024-2025

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Consolidated Statement of Financial Position

FY 2024-2025 · PDF page 5

FA − FL = Net FA: context neededNet FA + NFA = Acc. surplus: matched

	2025	2024
Cash and cash equivalents (Note 3)n3	8,501,964	9,147,491
Accounts receivable (Note 4)n4	3,720,008	2,985,365
Tax receivable	2,031,840	2,097,270
Marketable securities	454,562	429,102
Inventory for resale	689,885	673,404
Investments (Note 5)n5	16,081,176	14,626,770
Investment in Nation business entities (Note 6)n6	67,238,965	64,465,489
Funds held in trust and restricted investments (Note 7)n7	104,155,908	91,098,367
Investment in Cree Chip Development Corporation (Note 8)n8	2,950,350	2,639,350
Investment in joint venture and partnership (Note 9)n9	559,357	554,818
Total of assets	206,384,015	188,717,426
Bank indebtedness (Note 10)n10	25,000	500,000
Accounts payable and accruals (Note 11)n11	7,368,705	7,050,244
Deferred revenue (Note 12)n12	6,612,493	6,001,080
Advances from related First Nation entities & departments	59,720	798,162
Long-term debt (Note 13)n13	21,235,341	22,318,335
Distributions due to minors (Note 17)n17	3,194,870	3,349,756
Total of financial liabilities	38,496,129	40,017,577
Net financial assets	167,887,886	148,699,849
Tangible capital assets (Schedule 1)	42,092,020	42,549,116
Prepaid expenses	159,864	141,889
Total non-financial assets	42,251,884	42,691,005
Accumulated surplus	210,139,770	191,390,854
Accumulated surplus	193,086,014	179,210,455
Accumulated remeasurement gains	17,053,753	12,180,401
[Total]	210,139,767	191,390,856

Consolidated Statement of Operations and Accumulated Surplus

FY 2024-2025 · PDF page 6

Rev − Exp = Surplus: matched

	Budget 2025(budget)	2025	2024
Department of Indigenous Services Canada	-⚑	9,678,681	7,971,265
Other revenue	-⚑	507,603	344,364
Industry grants and other revenue	-⚑	3,283,726	929,122
First Nations Development Fund	-⚑	685,287	1,359,700
Store revenue	-⚑	6,532,332	5,762,212
Canada Mortgage and Housing Corporation	-⚑	841,013	351,655
Nutrition North Canada	-⚑	807,222	838,830
Income from joint venture and partnership (Note 9)n9	-⚑	2,426,328	2,709,427
Industry contributions	18,820,539	21,839,838	17,697,851
Investment income	1,350,000	4,957,529	3,480,226
Indigenous skills and employment training	-⚑	137,800	188,115
Rental income	-⚑	666,824	536,044
Earnings from investment in Nation business entities (Note 6)n6	1,000,000	8,985,008	7,021,947
Deferred revenue - current year	-⚑	(1,607,859)	(1,735,583)
Deferred revenue - prior year	-⚑	1,735,583	6,318,283
[Total Revenue]	21,170,539	61,476,915	53,773,458
Administration	18,641,069	18,131,361	18,097,867
Social Development	1,101,154	960,075	939,096
Education and Training	2,392,133	2,585,327	2,429,875
Housing	446,820	3,401,863	4,016,027
Entity Funds	-⚑	44,266	181,239
1497161 Alberta Ltd.	-⚑	1,603,684	1,046,794
Agriculture Benefits Settlement Trust	-⚑	440,293	489,941
K'aitaile Market Ltd.	-⚑	7,903,951	7,042,148
Settlement Funds	-⚑	3,899,529	3,705,651
K'aitaile Denesoline Trust	-⚑	322,619	222,110
ACFN Dene Lands and Resources Management	-⚑	9,668,685	8,010,966
ACFN Commercial Properties	-⚑	1,212,680	531,566
Total expenditures	22,581,176	50,174,333	46,713,280
Surplus (deficit) before other items	(1,410,637)	11,302,582	7,060,178
Gain on disposal of investments (Note 5), (Note 7)n5 n7	-⚑	2,576,340	1,182,914
Gain (loss) on disposal of tangible capital assets	-⚑	(3,363)	20,115
[Total Other income (expense)]	-⚑	2,572,977	1,203,029
Surplus (deficit)	(1,410,637)	13,875,559	8,263,207
Accumulated surplus, beginning of year	179,210,455	179,210,455	170,947,248
Accumulated surplus, end of year	177,799,818	193,086,014	179,210,455

Consolidated Statement of Remeasurement Gains and Losses

FY 2024-2025 · PDF page 7

	2025	2024
Accumulated remeasurement gains, beginning of year	12,180,401	3,983,322
Trust and restricted investments (Note 7)n7	3,754,663	7,201,371
Investments (Note 5)n5	1,106,815	977,824
Marketable securities	11,874	17,884
Change in remeasurement gains, for the year	4,873,352	8,197,079
Accumulated remeasurement gains, end of year	17,053,753	12,180,401

Consolidated Statement of Changes in Net Financial Assets

FY 2024-2025 · PDF page 8

	Budget 2025(budget)	2025	2024
Annual surplus	(1,410,637)	13,875,559	8,263,207
Purchases of tangible capital assets	-⚑	(1,462,461)	(8,795,338)
Amortization of tangible capital assets	-⚑	1,916,199	1,764,927
Gain on sale of tangible capital assets	-⚑	3,363	(20,115)
Proceeds of disposal of tangible capital assets	-⚑	-⚑	34,000
Net change of tangible capital assets	-⚑	457,101	(7,016,526)
Acquisition of prepaid expenses	-⚑	(17,975)	(36,239)
Change in remeasurement losses for the year	-⚑	4,873,352	8,197,079
Net change of prepaids and remeasurement gains	-⚑	4,855,377	8,160,840
Change in net financial assets	(1,410,637)	19,188,037	9,407,521
Net financial assets, beginning of year	148,699,849	148,699,849	139,292,328
Net financial assets, end of year	147,289,212	167,887,886	148,699,849

Consolidated Statement of Cash Flows

FY 2024-2025 · PDF page 9

	2025	2024
Surplus (deficit)	13,875,559	8,263,207
Amortization (Schedule 1)	1,916,199	1,764,927
Bad debts	489,295	40,147
Gain on disposal of portfolio investments	(2,576,340)	(1,182,914)
Loss (gain) on disposal of tangible capital assets	3,363	(20,115)
Earnings from investment in First Nation business entities (Note 6)n6	(8,985,008)	(7,021,947)
Non-cash expenses paid by First Nation business entities (Note 6)n6	4,760,647	3,593,903
Earnings net of distributions from investment in joint venture and partnership	(4,539)	(101,739)
Net non-cash investment income earned on restricted investments (Note 7)n7	(3,240,744)	(2,217,355)
Net non-cash investment income earned on investments (Note 5)n5	(494,917)	(360,350)
[Total Operating activities before changes in working capital]	5,743,515	2,757,764
Accounts receivable	(245,348)	(1,675,673)
Tax receivable	65,430	(680,119)
Inventory	(16,480)	132,052
Prepaid expenses	(17,975)	(36,239)
Accounts payable and accruals	318,461	1,646,160
Deferred revenue	611,413	(4,204,434)
Distributions due to minors (Note 17)n17	(154,886)	(45,033)
[Total Operating activities]	6,304,130	(2,105,522)
Advances of long-term debt	31,644,000	47,201,000
Repayment of long-term debt	(32,726,995)	(45,167,978)
Net advances (repayments) from related First Nation entities and departments	(738,442)	830,341
Advance (repayment) of bank indebtedness	(475,000)	500,000
Net advances (repayments) to Cree Chip Development Corporation	(311,000)	-⚑
[Total Financing activities]	(2,607,437)	3,363,363
Purchases of tangible capital assets (Schedule 1)	(1,462,461)	(8,795,338)
Proceeds of disposal of tangible capital assets	-⚑	34,000
[Total Capital activities]	(1,462,461)	(8,761,338)
Distributions from investment in First Nation business entities	1,470,885	6,343,896
Net proceeds on sale and disposal of restricted investments	(4,325,191)	(1,862,130)
Purchase (sale) of marketable securities	(25,451)	(24,268)
[Total Investing activities]	(2,879,757)	4,457,498
Decrease in cash resources	(645,525)	(3,045,999)
Cash resources, beginning of year	9,147,489	12,193,488
Cash resources, end of year (Note 3)n3	8,501,964	9,147,489
Interest paid	1,215,696	1,174,092

Notes to the financial statements

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

Note 2Amortization

	Method	Rate
Buildings
Vehicles
Computer equipment
Infrastructure
Leasehold improvements

Note 3Cash and cash equivalents

	2025	2024
Cash and cash equivalents	8,230,500	7,875,392
Restricted cash	262,393	262,393
GIC	9,071	1,009,706
[Total]	8,501,964	9,147,491

Note 4Accounts receivable

	2025	2024
Accounts receivable	4,555,847	4,776,892
Less: allowance for doubtful accounts	835,839	1,791,527
[Total]	3,720,008	2,985,365

Note 5Investments

	2025	2024
Cash and cash equivalents	564,455	871,223
Equities	11,133,788	9,856,362
Fixed income	4,382,933	3,899,185
[Total]	16,081,176	14,626,770

Note 6Investments in First Nation business entities (2025)

	Opening net investment	Current draws(other)	Advances to business enterprises(other)	Current earnings (loss)(other)	Total investment(other)
Acden Companies Limited Partnership	57,688,110	(4,760,647)	-⚑	2,362,237	55,289,700
2160415 Alberta Ltd.	175,881	(25,000)	-⚑	(26,796)	124,085
2216328 Alberta Ltd.	4,216,530	-⚑	-⚑	(20,541)	4,195,989
ACFN Industry Investments Limited Partnership	2,404,968	(1,445,885)	-⚑	6,670,108	7,629,191
[Total]	64,485,489	(6,231,532)	-⚑	8,985,008	67,238,965

	Opening net investment	Current draws(other)	Advances to business enterprises(other)	Current earnings(other)	Total investment(other)
Acden Companies Limited Partnership	61,985,654	(3,593,903)	-⚑	(723,481)	57,668,270
2160415 Alberta Ltd.	152,602	-⚑	-⚑	23,279	175,881
2216328 Alberta Ltd.	4,249,012	-⚑	-⚑	(32,482)	4,216,530
ACFN Industry Investments Limited Partnership	994,073	(6,343,896)	-⚑	7,754,631	2,404,808
[Total]	67,381,341	(9,937,799)	-⚑	7,021,947	64,465,489

	Acden Companies Limited Partnership As at March 31, 2025	2160415 Alberta Ltd. As at March 31, 2025(other)	2216328 Alberta Ltd. As at March 31, 2025(other)	ACFN Industry Investments Limited Partnership As at March 31, 2025(other)
Assets	101,669,553	2,089,126	27,980,727	49,021,962
Total assets	101,669,553	2,089,126	27,980,727	49,021,962
Liabilities	46,400,446	1,958,321	23,794,937	42,429,168
Total liabilities	46,400,446	1,958,321	23,794,937	42,429,168
Net Assets (debt)	55,269,107	130,805	4,185,790	6,592,794
Total revenue	76,572,095	158,350	1,684,513	11,168,298
Total expenses	74,209,858	185,146	1,705,054	4,498,190
Net income	2,362,237	(26,796)	(20,541)	6,670,108

Note 7Funds held in trust and restricted investments

	2025	2024
Ottawa Trust - Funds held in trust: Balance, beginning of year	6,843	6,843
[Total Ottawa Trust - Funds held in trust]	6,843	6,843
Agricultural Benefits Trust - Restricted Investments: Equities	34,863,677	32,154,989
Agricultural Benefits Trust - Restricted Investments: Fixed income	22,583,328	20,724,290
[Total Agricultural Benefits Trust - Restricted Investments]	57,447,005	52,879,279
K'ai Taile Denesoline Trust - Restricted investments: Cash and cash equivalents	2,842,264	2,628,950
K'ai Taile Denesoline Trust - Restricted investments: Equities	19,805,473	14,064,716
K'ai Taile Denesoline Trust - Restricted investments: Fixed income	24,054,323	21,518,579
[Total K'ai Taile Denesoline Trust - Restricted investments]	46,702,060	38,212,245
[Grand Total]	104,155,908	91,098,367

Note 10Bank indebtedness

	2025	2024
Royal Bank of Canada - Operating line of credit	25,000	500,000

Note 11Accounts payable and accruals

	2025	2024
Accounts payable and accruals	7,047,934	6,790,168
Government remittances	235,398	174,703
Holdbacks payable	85,373	85,373
[Total]	7,368,705	7,050,244

Note 12Deferred revenue

	2025	2024
ACFN Dene Land & Resource Management	4,902,068	4,137,980
Indigenous Services Canada	1,582,908	1,814,046
Social Development	82,986	4,523
Education and Training	44,531	44,531
[Total]	6,612,493	6,001,080

Note 13Long-term debt

	2025	2024
CMHC mortgage secured by property disclosed below and a guarantee from the Minister of the Department of Indigenous Services Canada, payable in monthly installments of $1,402 including interest at 0.76%, renewing December 2025.	2,270,279	2,502,990
CMHC mortgage secured by property disclosed below and a guarantee from the Minister of the Department of Indigenous Services Canada, payable in monthly installments of $829 including interest at 1.12%, renewing July 2026.	13,179	22,935
CMHC mortgage secured by property disclosed below and a guarantee from the Minister of the Department of Indigenous Services Canada, payable in monthly installments of $989 including interest at 3.81%, renewing March 2028.	33,722	44,141
CMHC mortgage secured by property disclosed below and a guarantee from the Minister of the Department of Indigenous Services Canada, payable in monthly installments of $865 including interest at 0.76%, renewing December 2025.	57,581	67,489
CMHC mortgage secured by property disclosed below and a guarantee from the Minister of the Department of Indigenous Services Canada, payable in monthly installments of $315 including interest at 1.12%, renewing October 2026.	23,680	27,174
CMHC mortgage secured by property disclosed below and a guarantee from the Minister of the Department of Indigenous Services Canada, payable in monthly installments of $2,212 including interest at 0.76%, renewing December 2025.	259,742	284,229
CMHC mortgage secured by property disclosed below and a guarantee from the Minister of the Department of Indigenous Services Canada, payable in monthly installments of $2,434 including interest at 3.74%, renewing June 2028.	306,279	323,878
CMHC mortgage secured by property disclosed below and a guarantee from the Minister of the Department of Indigenous Services Canada, payable in monthly installments of $3,851 including interest at 1.01%, renewing August 2026.	699,565	738,569
CMHC mortgage secured by property disclosed below and a guarantee from the Minister of the Department of Indigenous Services Canada, payable in monthly installments of $6,515 including interest at 4.66%, renewing November 2028.	980,617	1,013,109
Royal Bank of Canada term loan, secured by $550,000 guarantee from ACFN and first ranking security interest in all personal property of ACFN, payable in monthly installments of $3,760 at prime plus 1.25%, renewing September 2025.	448,824	467,674
Royal Bank of Canada term loan, secured by $14,650,000 guarantee by ACFN Agricultural Benefits Settlement Trust, 850450 Alberta Ltd., and 2216328 Alberta Ltd. and first ranking security interest in all personal property of 850450 Alberta Ltd. and 2216328 Alberta Ltd. payable in quarterly bankers' acceptances	10,450,000	10,840,000
Royal Bank of Canada letter of credit, monthly installments of $nil (2024 - monthly installments $nil), and an interest rate of 0.00% (2024 - 0.00%).	100,000	100,000
Royal Bank of Canada non-revolving term loan, secured by the real property of K'ai Taile Market Ltd. and a full coverage guarantee from Athabasca Chipewyan First Nation, payable in monthly installments of $21,186 including interest at prime rate plus 1.25%, renewing April 2024.	2,402,098	2,656,330
Loan repaid in the year.	-⚑	91,139
Royal Bank of Canada first mortgage loan, secured by the real property at 300 MacKenzie Blvd, Fort McMurray, AB, T9H 4C4 owned by ACFN Commercial Properties GP Inc. and several unconditional guarantee from Athabasca Chipewyan First Nation, payable in monthly installments of $21,660 including interest at 6.34%, maturing in July 2048.	3,189,775	3,138,679
[Total]	21,235,341	22,318,336

	Amount
2026	1,783,258
2027	1,159,486
2028	1,160,502
2029	1,153,017
2030	1,156,966
Thereafter	14,822,112

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.

Fort Chipewyan - Bennett DamOther—

File Closed

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

Treaty 8 Annuities IndexingOther—filed 2024/03/18

File Closed

Filed 2024/03/18 · Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

Treaty 8 BenefitsSettled$54,129,428

Settlement Report on Specific Claims

Settled 2018/01/29 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

Total reported settlements (3 claims)—

Community context

Governance

Chief: ALLAN ADAM (term to 2027-10-31)
Council: 4 councillors
Election system: Custom Electoral System
Tribal council: Athabasca Tribal Council Limited

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FLORENCE CYPREAN Councillor
HAZEL MERCREDI Councillor
MIKE MERCREDI Councillor
TERI LYNN VILLEBRUN Councillor

Reserves and location

Reserves: 8 reserves
Region: ALBERTA · near Fort McMurray
Band office: 58.5482, -111.0302

Show reserves

CHIPEWYAN INDIAN RESERVE NO. 201 · 20,072 ha
CHIPEWYAN INDIAN RESERVE NO. 201A · 9,525 ha
CHIPEWYAN INDIAN RESERVE NO. 201B · 19 ha
CHIPEWYAN INDIAN RESERVE NO. 201C · 18 ha
CHIPEWYAN INDIAN RESERVE NO. 201D · 4 ha
CHIPEWYAN INDIAN RESERVE NO. 201E · 4,166 ha
CHIPEWYAN INDIAN RESERVE NO. 201F · 66 ha
CHIPEWYAN INDIAN RESERVE NO. 201G · 905 ha

Population

Registered: 1,567
On reserve: 32
As of: May, 2026

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