MiawpukekFiscal year 2024-2025year-end 2025-03-31

First Nations / Band 47 · Newfoundland and Labrador

Miawpukek

Fiscal year 2024-2025 (year-end 2025-03-31) · 3,165 registered · 836 on reserve

Certified source-faithful captureCompatibility analytics availableFidelity audit passedNo OCROpinion: not capturedAuditor: not capturedPreparer: not explicitly namedSource PDF hashed

At a glance · FY 2024-2025

Annual surplus (deficit)

$11.6M

$11,573,920

Total revenue

$82.9M

$82,904,337

Total expenses

$61.8M

$61,812,589

Accumulated surplus

$141M

$140,783,765

Total financial assets

$99.6M

$99,591,144

Total financial liabilities

$60.7M

$60,691,486

Net financial assets (debt)

$38.9M

$38,899,658

Total non-financial assets

$102M

$101,884,107

Revenue and expenses · FY 2024-2025

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

Revenue

Federal government operating transfers$43.0M
Economic activities$25.6M
Other revenue$8.45M
Federal government capital transfers$3.45M
Provincial government operating transfers$2.43M

Expenses

Economic development$17.3M
Health$12.2M
Education$6.47M
Band government$5.49M
Amortization$5.10M
Community services$3.55M
Land claims (Natural Resource)$3.45M
Public works$3.15M
Capital land and housing$2.48M
MAMKA$1.57M
Employment programs$1.09M

Reconciliation: revenue $82.9M − expenses $61.8M = $11.6M surplus

Data by fiscal year

Each row is a fiscal year; every cell opens that data product. Missing data is shown, not hidden.

Fiscal year	Statement tables, notes, schedules	Operations	Financial position	Headline figures	Council pay	Source PDF
2024-2025viewing	View	View	View	View	3 rows	PDF
2023-2024	Posted, not captured	—	—	—	4 rows	PDF
2022-2023	Posted, not captured	—	—	—	Posted, not captured	PDF
2021-2022	Posted, not captured	—	—	—	1 rows	PDF
2020-2021	Posted, not captured	—	—	—	1 rows	PDF
2019-2020	Posted, not captured	—	—	—	1 rows	PDF
2018-2019	Posted, not captured	—	—	—	2 rows	PDF
2017-2018	Posted, not captured	—	—	—	2 rows	PDF
2016-2017	Posted, not captured	—	—	—	1 rows	PDF
2015-2016	Posted, not captured	—	—	—	1 rows	PDF
2014-2015	Posted, not captured	—	—	—	Posted, not captured	PDF
2013-2014	Posted, not captured	—	—	—	2 rows	PDF

Statements as published · FY 2024-2025

3 parser diagnostics

Open statement-only view

Consolidated statement of financial position

FY 2024-2025 · PDF page 7

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

	2025	2024
Financial assets
Cash	55,076,770	43,080,480
Receivables	18,210,100	13,674,091
Portfolio investments	3,310,343	3,581,171
Promissory note receivablenreceivable	16,830,498	17,090,440
Due from First Nations Fisheries Interest Group	1,081,893	1,686,952
Debt reserve fund	2,205,246	1,043,830
Investment	1	1
Inventories held for resale	1,521,612	1,520,098
Restricted funds	727,495	705,575
Loans and advances to Band members	627,186	853,449
[total financial assets]	99,591,144	83,236,087
Liabilities
Payables and accruals	5,471,819	6,595,693
Deferred revenue	16,927,267	15,080,849
Demand loans	6,817,299	7,432,807
CMHC replacement reserve	505,706	469,489
Miawpukek First Nations maintenance reserve	290,943	255,943
Term loan	1,019,280	-⚑
Long-term debt	28,920,990	20,789,888
Derivative financial liability	738,182	-⚑
[total liabilities]	60,691,486	50,624,669
Net financial assets	38,899,658	32,611,418
Non-financial assets
Tangible capital assets	78,552,882	72,379,694
Fishing licenses	23,100,325	15,237,825
Prepaid expenses	230,900	201,262
[total non-financial assets]	101,884,107	87,818,781
Contingencies
Accumulated surplus - unappropriated	107,192,776	95,618,856
Accumulated surplus - appropriated	34,329,171	24,811,343
Accumulated remeasurement loss	(738,182)	-⚑
Total accumulated surplus	140,783,765	120,430,199

Consolidated statement of operations

FY 2024-2025 · PDF page 8

Rev − Exp = Surplus: matched

	Budget (Unaudited)(budget)	2025	2024
Revenue
Federal government operating transfers	21,154,002	42,997,821	39,281,806
Federal government capital transfers	-⚑	3,451,283	3,395,887
Provincial government operating transfers	-⚑	2,430,240	2,362,785
Economic activities	-⚑	25,579,159	17,285,371
Other revenue	12,311,105	8,445,834	5,991,886
[total revenue]	33,465,107	82,904,337	68,317,735
Expenses
Amortization	-⚑	5,097,481	4,189,690
Band government	3,062,330	5,492,917	4,580,143
Capital land and housing	2,237,920	2,475,966	1,374,231
Community services	1,923,570	3,552,528	3,594,904
Economic development	8,348,019	17,289,639	12,340,268
Education	6,022,042	6,465,492	6,671,777
Employment programs	3,784,487	1,090,260	1,127,028
Health	10,450,278	12,173,345	13,439,330
Land claims (Natural Resource)	731,990	3,452,218	3,750,294
MAMKA	928,511	1,573,274	1,049,433
Public works	-⚑	3,149,469	2,516,761
[total expenses]	37,489,147	61,812,589	54,633,859
Annual surplus before appropriations	(4,024,040)	21,091,748	13,683,876
Transfers from appropriated equity during the year	-⚑	2,383,729	4,769,434
Transfers to appropriated equity during the year	-⚑	(11,901,557)	(8,736,622)
Annual surplus after appropriations	(4,024,040)	11,573,920	9,716,688

Consolidated statement of accumulated surplus

FY 2024-2025 · PDF page 9

	2025	2024
Accumulated surplus - unappropriated, beginning of year	95,618,856	85,902,168
Annual surplus	11,573,920	9,716,688
Accumulated surplus - unappropriated, end of year	107,192,776	95,618,856
Accumulated surplus - appropriated, beginning of year	24,811,343	20,844,155
Transfers to appropriated equity during the year	11,901,557	8,736,622
Transfers from appropriated equity during the year	(2,383,729)	(4,769,434)
[net transfers]	9,517,828	3,967,188
Accumulated surplus - appropriated, end of year	34,329,171	24,811,343

Consolidated statement of changes in remeasurement loss

FY 2024-2025 · PDF page 10

	2025	2024
Accumulated remeasurement loss, beginning of year
Unrealized loss on derivative financial liability	(738,182)	-⚑
Accumulated remeasurement loss, end of year	(738,182)	-⚑

Consolidated statement of accumulated surplus - appropriated

FY 2024-2025 · PDF page 11

	Accumulated Surplus Appropriated April 1, 2023	Transfers from Equity(other)	Transfers to Operations(other)	Accumulated Surplus Appropriated March 31, 2024(other)	Transfers from Equity(other)	Transfers to Operations(other)	Accumulated Surplus Appropriated March 31, 2025(other)
Capital Lands and Housing
Administration	356,598	-⚑	1,308	355,290	15,369	-⚑	370,659
Arena fund	14,980	-⚑	-⚑	14,980	-⚑	-⚑	14,980
CMHC emergency roof repairs	25,406	-⚑	25,406	-⚑	-⚑	-⚑	-⚑
Elder's program	6,166	-⚑	2,092	4,074	-⚑	-⚑	4,074
FNLMA	1,451	-⚑	-⚑	1,451	-⚑	-⚑	1,451
FNLMA-Q30P	-⚑	-⚑	-⚑	-⚑	55,946	-⚑	55,946
Housing - special	415,000	-⚑	-⚑	415,000	-⚑	-⚑	415,000
Housing construction	444,408	355,269	-⚑	799,677	320,256	-⚑	1,119,933
Land and environmental	121,931	-⚑	-⚑	121,931	-⚑	-⚑	121,931
Land management	23,104	-⚑	-⚑	23,104	-⚑	-⚑	23,104
Ocean management	25,443	15,963	-⚑	41,406	557	-⚑	41,963
Rapid housing	1,453,353	-⚑	639,972	813,381	-⚑	329,839	483,542
School construction	450,684	-⚑	155,455	295,229	-⚑	-⚑	295,229
Subsidized housing	38,144	-⚑	-⚑	38,144	-⚑	-⚑	38,144
Veteran's monument	6,676	-⚑	-⚑	6,676	-⚑	-⚑	6,676
Waste management modernization	34,639	-⚑	-⚑	34,639	-⚑	-⚑	34,639
[total Capital Lands and Housing]	3,417,983	371,232	824,233	2,964,982	392,128	329,839	3,027,271
Conne River Health and Social Services
Aboriginal diabetes initiative	21,342	63,723	-⚑	85,065	49,173	85,065	49,173
Agriculture & Agrifood Canada (LIF)	-⚑	7,943	-⚑	7,943	-⚑	-⚑	7,943
Assisted living - Seniors complex	315,593	-⚑	2,033	313,560	-⚑	179,690	133,870
Brighter futures	220,539	-⚑	182,581	37,958	-⚑	37,958	-⚑
Building healthy communities	13,428	12,050	-⚑	25,478	-⚑	25,478	-⚑
Capital investments and renovations	-⚑	-⚑	-⚑	-⚑	206,468	-⚑	206,468
Child and Family - Capacity Development	-⚑	348,630	-⚑	348,630	239,500	-⚑	588,130
Child and family - foster homes	115,572	31,167	-⚑	146,739	42,659	-⚑	189,398
Child and family - operations	711,640	627,355	-⚑	1,338,995	215,860	-⚑	1,554,855
Child and family - preventative	1,323,698	1,674,236	-⚑	2,997,934	1,832,414	-⚑	4,830,348
Child and welfare law development	133,943	-⚑	-⚑	133,943	-⚑	-⚑	133,943
Child care initiative	745,345	52,909	-⚑	798,254	140,958	624	938,588
Climate change adaption	39,791	-⚑	27,802	11,989	-⚑	11,989	-⚑
Communicable disease control	217,563	-⚑	21,418	196,145	74,946	-⚑	271,091
Community based addictions wrap around support	116,922	-⚑	92,125	24,797	-⚑	24,797	-⚑
Community gardens	-⚑	-⚑	-⚑	-⚑	15,908	-⚑	15,908
E-Health solutions	56,551	-⚑	-⚑	56,551	-⚑	-⚑	56,551
Employment services	1,265,925	-⚑	-⚑	1,265,925	-⚑	-⚑	1,265,925
Family violence initiative	43,056	-⚑	43,056	-⚑	-⚑	-⚑	-⚑
Federal tobacco control strategy	-⚑	10,600	-⚑	10,600	13,250	-⚑	23,850
Food, environment, health, and nutrition of FN child/youth	13,475	-⚑	12,217	1,258	-⚑	-⚑	1,258
Forge ahead	5,325	-⚑	-⚑	5,325	-⚑	5,325	-⚑
Generated revenues	823,534	299,672	80,087	1,043,119	188,416	568,340	663,195
Genetic testing	13,360	-⚑	-⚑	13,360	-⚑	-⚑	13,360
Government engagement mechanisms	157,713	-⚑	106,295	51,418	-⚑	51,181	237
Health services - clinical	31,690	-⚑	31,690	-⚑	-⚑	-⚑	-⚑
Health services integrated funding	-⚑	121,176	-⚑	121,176	56,310	-⚑	177,486
Health transfer agreement	120,694	-⚑	91,225	29,469	-⚑	29,469	-⚑
Home and community care	227,245	-⚑	203,310	23,935	-⚑	23,935	-⚑
Institute of fiscal studies and democracy	22,824	25,000	-⚑	47,824	-⚑	38,458	9,366
Jordan's principle	245,327	-⚑	25,608	219,719	-⚑	32,579	187,140
Jordan's principle - approval	2,024,640	-⚑	2,024,640	-⚑	14,439	-⚑	14,439
Land based mental health and addictions	66,974	-⚑	66,974	-⚑	34,148	-⚑	34,148
Lunch and learn series (WPO)	-⚑	13,176	-⚑	13,176	117,821	-⚑	130,997
Maternal child health	-⚑	-⚑	-⚑	-⚑	25,502	-⚑	25,502
Mental health traditional healer	-⚑	-⚑	-⚑	-⚑	27,155	-⚑	27,155
Mental wellness team	386,761	888,324	13,981	1,261,104	653,092	171,608	1,742,588
Moveable capital asssets	7,576	37,142	-⚑	44,718	-⚑	-⚑	44,718
Native national alcohol and drug abuse program	95,551	-⚑	95,551	-⚑	-⚑	-⚑	-⚑
Patient advocate/navigator	41,638	-⚑	5,734	35,904	-⚑	35,139	765
Prenatal nutrition program	11,002	-⚑	-⚑	11,002	31,676	-⚑	42,678
Trailways Canada - trails	-⚑	10,000	-⚑	10,000	-⚑	10,000	-⚑
Walkway of knowledge - Healthy communities	87,950	-⚑	3,303	84,647	-⚑	-⚑	84,647
[total Conne River Health and Social Services]	9,724,187	4,223,103	3,129,630	10,817,660	3,979,695	1,331,635	13,465,720
Economic Development and Training
Administration	-⚑	-⚑	-⚑	-⚑	60,000	-⚑	60,000
Canoe construction	23,384	-⚑	-⚑	23,384	-⚑	-⚑	23,384
Conne River building supplies	-⚑	-⚑	-⚑	-⚑	50,000	-⚑	50,000
Conne River gas bar	51,038	-⚑	51,038	-⚑	90,000	-⚑	90,000
Exploits Motel	2,274	-⚑	-⚑	2,274	-⚑	-⚑	2,274
Indigenous engagement procurement	-⚑	59,087	-⚑	59,087	-⚑	59,087	-⚑
Labour market initiative	60,492	17,465	-⚑	77,957	-⚑	54,846	23,111
Mariner training project	232,819	-⚑	-⚑	232,819	-⚑	-⚑	232,819
Miawpukek human resources - ASETS	138,159	-⚑	-⚑	138,159	-⚑	-⚑	138,159
Off-reserve post secondary	167,322	173,544	-⚑	340,866	137,366	-⚑	478,232
On-reserve post secondary	1,000,258	31,570	-⚑	1,031,828	162,023	-⚑	1,193,851
On-reserve post secondary student support	884,168	9,023	-⚑	893,191	-⚑	105,263	787,928
Outfitters	556,462	-⚑	22,500	533,962	-⚑	-⚑	533,962
Post-secondary - COVID-19	40,333	-⚑	-⚑	40,333	-⚑	-⚑	40,333
Urban reserve	12,499	-⚑	-⚑	12,499	-⚑	-⚑	12,499
[total Economic Development and Training]	3,169,208	290,689	73,538	3,386,359	499,389	219,196	3,666,552

Consolidated statement of accumulated surplus - appropriated (continued)

FY 2024-2025 · PDF page 12

	Accumulated Surplus Appropriated April 1, 2023	Transfers from Equity(other)	Transfers to Operations(other)	Accumulated Surplus Appropriated March 31, 2024(other)	Transfers from Equity(other)	Transfers to Operations(other)	Accumulated Surplus Appropriated March 31, 2025(other)
Education
Education department	713,205	491,557	-⚑	1,204,762	517,379	-⚑	1,722,141
Education department - Food program block Q2Q1	-⚑	-⚑	-⚑	-⚑	32,519	-⚑	32,519
[total Education]	713,205	491,557	-⚑	1,204,762	549,898	-⚑	1,754,660
Governance
Drinking water settlement (Class Action)	428,400	-⚑	27,062	401,338	1,823,871	-⚑	2,225,209
Emergency management assistance	78,580	-⚑	52,283	26,297	-⚑	26,297	-⚑
Emergency relief	3,050	-⚑	-⚑	3,050	-⚑	-⚑	3,050
Finance	287,484	180,896	-⚑	468,380	-⚑	-⚑	468,380
Fuel charge funds (carbon tax)	-⚑	-⚑	-⚑	-⚑	1,102,000	-⚑	1,102,000
Heritage fund	400,000	-⚑	-⚑	400,000	-⚑	-⚑	400,000
Human resources	-⚑	30,100	-⚑	30,100	-⚑	24,459	5,641
Major projects	30,387	-⚑	30,387	-⚑	-⚑	-⚑	-⚑
Planning and risk management	33,960	-⚑	-⚑	33,960	-⚑	-⚑	33,960
Repartriation	401	-⚑	16	385	-⚑	-⚑	385
Surf clam	167,000	-⚑	-⚑	167,000	164,764	-⚑	331,764
[total Governance]	1,429,262	210,996	109,748	1,530,510	3,090,635	50,756	4,570,389
Miscellaneous
AAROM - MUN	28,011	-⚑	-⚑	28,011	-⚑	-⚑	28,011
Aquatic Invasive Species	-⚑	-⚑	-⚑	-⚑	38,052	-⚑	38,052
ATP - DFO	-⚑	400,000	-⚑	400,000	-⚑	-⚑	400,000
Audubon - Gross Morne	-⚑	-⚑	-⚑	-⚑	1,016	-⚑	1,016
Canadian coast guard	49,968	126,056	-⚑	176,024	110,637	-⚑	286,661
Chantel John memorial park	2,746	-⚑	-⚑	2,746	-⚑	-⚑	2,746
Church repairs	100,000	-⚑	-⚑	100,000	-⚑	-⚑	100,000
Coastal environmental baseline	-⚑	37,990	-⚑	37,990	-⚑	6,237	31,753
Community center	23,374	-⚑	-⚑	23,374	25,000	-⚑	48,374
Community ice rink	-⚑	16,971	-⚑	16,971	-⚑	12,143	4,828
Ecosystem and ocean science	-⚑	14,175	-⚑	14,175	-⚑	-⚑	14,175
Equity fund	400,089	45,399	-⚑	445,488	47,050	-⚑	492,538
Healing and sentencing	38,533	35,359	-⚑	73,892	-⚑	16,253	57,639
IK capacity	36,522	-⚑	28,195	8,327	28,495	-⚑	36,822
Interest fund	520,000	1,281,697	-⚑	1,801,697	1,272,197	-⚑	3,073,894
Justice department	87,239	-⚑	-⚑	87,239	20,000	-⚑	107,239
Greig Site	-⚑	-⚑	-⚑	-⚑	57,130	-⚑	57,130
MAMKA	32,822	-⚑	32,822	-⚑	-⚑	-⚑	-⚑
MAMKA - AFSAR	1,927	-⚑	-⚑	1,927	-⚑	-⚑	1,927
MAMKA - Explorer	-⚑	-⚑	-⚑	-⚑	62,446	-⚑	62,446
Mamka - IK Systems	-⚑	-⚑	-⚑	-⚑	4,842	-⚑	4,842
MAMKA - Indigenous Habitat participation	-⚑	-⚑	-⚑	-⚑	27,957	-⚑	27,957
MAMKA - Indigenous Marine Co-ordinator	-⚑	-⚑	-⚑	-⚑	71,436	-⚑	71,436
MAMKA - Metcalf Foundation	-⚑	-⚑	-⚑	-⚑	2,078	-⚑	2,078
MAMKA - Polar Prince	-⚑	-⚑	-⚑	-⚑	2,709	-⚑	2,709
Mi'kmaq cultural revitalization	-⚑	-⚑	-⚑	-⚑	49,177	-⚑	49,177
MFN Consultations	-⚑	-⚑	-⚑	-⚑	44,700	-⚑	44,700
MSP	57,335	8,363	-⚑	65,698	-⚑	9,506	56,192
Pow wow	-⚑	-⚑	-⚑	-⚑	51,334	-⚑	51,334
[total Miscellaneous]	1,378,566	1,966,010	61,017	3,283,559	1,916,256	44,139	5,155,676
Natural Resources
Coastal marine	261,661	-⚑	113,893	147,768	-⚑	48,169	99,599
Environmental DNA	-⚑	-⚑	-⚑	-⚑	177,622	-⚑	177,622
Indigenous capacity support program	18,620	104,257	-⚑	122,877	-⚑	10,077	112,800
Indigenous marine conservation	-⚑	54,250	-⚑	54,250	134,654	-⚑	188,904
Indigenous natural resources partnership	-⚑	441,074	-⚑	441,074	498,195	-⚑	939,269
Indigenous protected areas - WWF	-⚑	-⚑	-⚑	-⚑	98,700	-⚑	98,700
Limestone landscapes	-⚑	80,000	-⚑	80,000	-⚑	3,495	76,505
MAMKA - indigenous-led conservation - CPAWS	-⚑	-⚑	-⚑	-⚑	10,689	-⚑	10,689
Natural resources management	176,492	100,000	171	276,321	-⚑	274,941	1,380
Offshore wind development	-⚑	45,000	-⚑	45,000	-⚑	45,000	-⚑
Siliviculture	4,226	-⚑	4,226	-⚑	-⚑	-⚑	-⚑
South coast fjords	-⚑	157,000	-⚑	157,000	204,028	-⚑	361,028
Traditional protected areas	274,017	-⚑	176,250	97,767	349,668	-⚑	447,435
[total Natural Resources]	735,016	981,581	294,540	1,422,057	1,473,556	381,682	2,513,931
Public Works
Fire department	-⚑	32,008	-⚑	32,008	-⚑	26,482	5,526
Public works water testing	276,728	-⚑	276,728	-⚑	-⚑	-⚑	-⚑
Water system maintenance - laterals	-⚑	169,446	-⚑	169,446	-⚑	-⚑	169,446
[total Public Works]	276,728	201,454	276,728	201,454	-⚑	26,482	174,972
[total]	20,844,155	8,736,622	4,769,434	24,811,343	11,901,557	2,383,729	34,329,171

Consolidated statement of change in net assets

FY 2024-2025 · PDF page 13

	2025	2024
Annual surplus	21,091,748	13,683,876
Changes due to tangible capital assets
Acquisition of tangible capital assets	(11,316,239)	(13,486,387)
Amortization of tangible capital assets	5,097,481	4,189,690
Proceeds on disposal of tangible capital assets	34,000	40,000
Loss on disposal of tangible capital assets	11,570	1,686,410
Change due to tangible capital assets	(6,173,188)	(7,570,287)
Changes due to fishing licenses
Acquisition of fishing licenses	(7,862,500)	(3,900,000)
Proceeds on disposal of fishing licenses	-⚑	700,000
Change due to fishing licenses	(7,862,500)	(3,200,000)
[total changes due to tangible capital assets and fishing licenses]	7,056,060	2,913,589
Change due to other non-financial assets
Net change due to prepaid expenses	(29,638)	80,098
Net remeasurement loss	(738,182)	-⚑
Increase in net financial assets	6,288,240	2,993,687
Net financial assets, beginning of year	32,611,418	29,617,731
Net financial assets, end of year	38,899,658	32,611,418

Consolidated statement of cash flows

FY 2024-2025 · PDF page 14

	2025	2024
Operating transactions
Annual surplus before appropriations	21,091,748	13,683,876
Items not affecting cash
Amortization of tangible capital assets	5,097,481	4,189,690
Loss on disposal of tangible capital assets	11,570	1,686,410
Non-cash economic activities	(296,415)	(312,034)
[subtotal operating transactions]	25,904,384	19,247,942
Changes in other
Receivables	(4,536,009)	(3,172,312)
Inventories	(1,514)	(191,882)
Prepaid expenses	(29,638)	80,098
Payables and accruals	(1,123,874)	(629,612)
Deferred revenue	1,846,418	(75,541)
[total operating transactions]	22,059,767	15,258,693
Capital transactions
Acquisition of tangible capital assets	(11,316,239)	(13,486,387)
Acquisition of fishing licenses	(7,862,500)	(3,900,000)
Proceeds from disposal of tangible capital assets	34,000	40,000
Proceeds from disposal of fishing licenses	-⚑	700,000
[total capital transactions]	(19,144,739)	(16,646,387)
Financing transactions
Repayment of demand loans	(615,508)	(434,768)
Proceeds from demand loans	-⚑	3,189,924
Repayment of long-term debt	(729,249)	(756,412)
Proceeds from long-term debt	8,860,351	488,940
Proceeds from term loan	1,019,280	-⚑
Increase in CMHC replacement reserve	36,217	62,573
Increase in Miawpukek First Nations maintenance reserve	35,000	50,000
[total financing transactions]	8,606,091	2,600,257
Investing portfolio
Net disposition (purchase) of investments	270,828	(907,841)
Net decrease (increase) in loans and advances to Band members	226,263	(91,218)
Net (increase) decrease in restricted funds	(21,920)	790,070
[total investing portfolio]	475,171	(208,989)
Net increase in cash	11,996,290	1,003,574
Cash, beginning of the year	43,080,480	42,076,906
Cash, end of the year	55,076,770	43,080,480

Notes to the financial statements

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

Note 5Receivables

	2025	2024
Atlantic Canada Opportunities Agency	270,115	87,206
Coast of Bays Contracting	5,714	16,636
Department of Fisheries and Oceans	969,493	1,018,049
Environment Canada	904,899	1,675,316
Federation of Newfoundland Indians	547,227	1,030,335
Indigenous Services Canada (Note 6)n6	10,896,571	6,447,791
Government of Newfoundland and Labrador	1,030	607,773
Gray's Aquaculture	280	280
HST receivable	196,952	171,617
Justice Canada	112,243	134,400
Miscellaneous	4,072,912	3,004,452
NSF cheques	338	338
Parks Canada	260,750	35,000
[total]	18,238,524	14,229,193
Less: Allowance for doubtful accounts	(28,424)	(555,102)
[net receivables]	18,210,100	13,674,091

Note 6Reconciliation of ISC receivable

	2025	2024
Balance as confirmed by ISC March 31, 2025	6,821,405	5,046,089
Adjustments
Prior year amounts not received - 2020-2021	-⚑	6,419
Prior year amounts not received - 2021-2022	-⚑	10,000
Prior year amounts not received - 2022-2023	869,731	1,385,283
Prior year amounts not received - 2023-2024	3,205,435	-⚑
Ending balance	10,896,571	6,447,791

Note 7Inventories held for resale

	2025	2024
Cannabis boutique	95,075	61,267
Conne River building supplies	870,553	891,060
Conne River garage	14,870	16,118
Conne River gas bar	382,155	405,124
Miawpukek wholesalers	103,890	98,632
Micmac arts and crafts	55,069	47,897
[total]	1,521,612	1,520,098

Note 9Loans and advances to Band members

	2025	2024
Loans and advances to Band members	1,119,862	1,354,605
Less: Allowance for doubtful accounts	(492,676)	(501,156)
[net loans and advances]	627,186	853,449

Note 10Payables and accruals

	2025	2024
Accrued salaries and benefits payable	230,942	83,830
ISC	-⚑	2,104,458
Other accrued liabilities	1,440,181	2,010,834
Severance payable	1,749,690	2,152,259
Trade payables	2,051,006	244,312
[total]	5,471,819	6,595,693

Note 11Deferred revenue

	Balance March 31, 2024	Funding received 2025(other)	Revenue recognized 2025(other)	Balance March 31, 2025(other)
ISC	11,450,064	8,112,876	5,481,473	14,081,467
Other	3,630,785	-⚑	784,985	2,845,800
Total	15,080,849	8,112,876	6,266,458	16,927,267

Note 15Long-term debt

	2025	2024
First Nations Finance Authority 1.90% repayable in monthly instalments of $35,679 plus interest	16,949,226	17,412,410
1.83% mortgage, repayable in monthly instalments of $996 including interest, repaid during the year (#19042944001)	-⚑	6,931
1.13% mortgage, repayable in monthly instalments of $884 including interest, maturing March 1, 2026 (#1904294403)	10,536	20,954
0.76% mortgage, repayable in monthly instalments of $624 including interest, maturing May 1, 2030 (#19042944007)	37,937	45,110

	2025	2024
Canada Mortgage and Housing Corporation (continued) 3.74% mortgage, repayable in monthly instalments of $396 including interest, maturing April 1, 2033 (#19042944011)	33,139	36,594
5.00% mortgage, repayable in monthly instalments of $3,839 including interest, maturing March 1, 2033 (#19042944010)	303,726	333,971
3.74% mortgage, repayable in monthly instalments of $1,019 including interest, maturing April 1, 2028 (#19042944005)	35,576	46,271
5.37% mortgage, repayable in monthly instalments of $645 including interest, maturing May 1, 2029 (#1904294406)	28,740	34,951
0.65% mortgage, repayable in monthly instalments of $956 including interest, repaid during the year (#19042944002)	-⚑	9,535
3.04% mortgage, repayable in monthly instalments of $642 including interest, maturing May 1, 2027 (#19042944004)	16,141	23,244
1.01% mortgage, repayable in monthly instalments of $636 including interest, maturing July 1, 2031 (#19042944008)	46,812	53,936
3.04% mortgage, repayable in monthly instalments of $1,384 including interest, maturing May 1, 2032 (#19042944009)	106,876	120,043
1.75% mortgage, repayable in monthly instalments of $844 including interest, maturing July 1, 2034 (#19042944012)	87,388	95,712
0.74% mortgage, repayable in monthly instalments of $1,042 including interest, maturing August 1, 2035 (#19042944013)	125,312	136,846
3.74% mortgage, repayable in monthly instalments of $435 including interest, maturing April 1, 2038 (#19042944014)	54,083	57,241
5.57% mortgage, repayable in monthly instalments of $493 including interest, maturing Nov 1, 2038 (#19042944015)	56,437	59,419

	2025	2024
Canada Mortgage and Housing Corporation (continued) 1.75% mortgage, repayable in monthly instalments of $363 including interest, maturing September 1, 2039 (#19042944016)	55,832	59,056
1.22% mortgage, repayable in monthly instalments of $367 including interest, maturing July 1, 2041 (#19042944017)	65,147	68,733
3.29% mortgage, repayable in monthly instalments of $505 including interest, maturing September 1, 2042 (#19042944019)	80,691	84,061
2.02% mortage, repayable in monthly instalments of $2,592 including interest, maturing March 1, 2037 (#19042944022)	331,327	355,592
2.02% mortage, repayable in monthly instalments of $2,170 including interest, maturing March 1, 2037 (#19042944024)	277,476	297,730
2.02% mortage, repayable in monthly instalments of $501 including interest, maturing March 1, 2047 (#19042944020)	106,767	110,591
2.02% mortage, repayable in monthly instalments of $509 including interest, maturing March 1, 2047 (#19042944021)	108,576	112,466
3.7% mortgage, repayable in monthly instalments of $2,315 including interest, maturing December 1, 2037 (#19042944023)	282,432	299,519
3.95% mortgage, repayable in monthly instalments of $1,472 including interest, maturing June 1, 2039 (#26766873)	192,580	-⚑
3.3% mortgage, repayable in monthly instalments of $1,472 including interest, maturing September 1, 2039 (#26861609)	203,597	-⚑
Unlooweg Development Group Inc. 8.00% loan with Ulnooweg Development Group Inc., repayable in annual payments of $51,896 including interest, maturing November 2025	244,669	275,671
Atlantic Canada Opportunities Agency Interest free loan with ACOA, repayable in monthly payments of $1,459, maturing June 2032	126,853	144,361
Interest free loan with ACOA, repayable in monthly payments of $4,989, maturing February 2033	816,543	488,940

	2025	2024
Bank of Nova Scotia non-revolving facility bearing interest at CORRA rate + 2.7% per annum, repayable in monthly instalments of $17,778 plus interest, maturing May 2027	8,136,571	-⚑
[total]	28,920,990	20,789,888

	Amount
2026	1,075,910
2027	1,077,617
2028	1,091,323
2029	1,086,351
2030	1,049,146
Thereafter	23,540,643
[total]	28,920,990

Note 17Tangible capital assets

	Amortization rate %	Cost(other)	Accumulated amortization(other)	2025 Net book value(other)	2024 Net book value(other)
Buildings	4	76,600,364	29,165,631	47,434,733	45,358,819
Equipment	20	19,279,111	13,966,161	5,312,950	3,960,780
Motor vehicles	30	5,228,341	4,437,355	790,986	673,469
Roads	3	9,999,739	3,113,817	6,885,922	4,766,359
Sports facilities	4	1,320,913	294,254	1,026,659	1,069,437
Subdivision	3	1,206,899	425,103	781,796	801,842
Vessel	15	12,136,685	5,751,176	6,385,509	4,730,167
Water and sewer	3	14,177,762	4,694,979	9,482,783	9,474,156
Construction in progress	⚑	284,330	-⚑	284,330	1,377,451
Land	⚑	167,214	-⚑	167,214	167,214
[total]	⚑	140,401,358	61,848,476	78,552,882	72,379,694

Note 18Revenue

	2025	2024
Indigenous Services Canada
Grant	12,921,775	12,800,517
Block	6,643,748	5,333,810
Flexible	391,185	614,464
Fixed	13,003,548	11,466,075
Net funding for fiscal year	32,960,256	30,214,866
Health Canada
Block	3,101,732	3,511,580
Set	745,835	786,220
Flexible	4,038,725	3,038,087
Fixed	37,114	57,342
Net funding for fiscal year	7,923,406	7,393,229
CMHC	-⚑	26,049
Other	42,020,675	30,683,591
[total]	82,904,337	68,317,735

Note 20Reconciliation of Service Canada funding

	2025	2024
Consolidated Revenue Funds ("CRF")
Carry forward from previous year	252,385	254,356
Used in current year	(252,385)	(254,356)
Surplus CRF regular funding	133,351	131,467
Surplus EI regular funding	49,983	66,109
Surplus Skills and Partnership Funding regular funding	-⚑	54,809
Unexpended balance forward to 2025/2026	183,334	252,385

Chief and council pay · FY 2024-2025

3 certified rows

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

Position	Name	Remuneration	Expenses	Total
Councillor	Barry Joe	$1,600	$0	$1,600
Chief	Brad Benoit	$153,088	$27,850	$180,938
Councillor	Mike Drew	$3,955	$1,235	$5,190

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: ocr). Source document

Specific land claims

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

No specific claims for this First Nation appear in the ISC reporting centre data.

Community context

Governance

Chief: BRAD BENOIT (term to 2028-06-04)
Council: 5 councillors
Election system: Custom Electoral System
Tribal council: None recorded

Show council

HARVEY DREW Councillor
FERNANDO JEDDORE Councillor
BARRY JOE Councillor
YVONNE JOHN Councillor
COLLEEN LAMBERT Councillor

Reserves and location

Reserves: 1 reserves
Region: ATLANTIC · near St. John's
Band office: 47.8641, -55.7573

Show reserves

SAMIAJIJ MIAWPUKEK · 2,839 ha

Population

Registered: 3,165
On reserve: 836
As of: May, 2026

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