FNFTA Insights

Micmacs of GesgapegiagFiscal year 2024-2025

← 2023–24

First Nations / Band 52 · Quebec

Micmacs of Gesgapegiag

Fiscal year 2024-2025 (year-end 2025-03-31) · 1,732 registered · 726 on reserve · Mi'gmawei Mawiomi Secretariat

Certified source-faithful captureCompatibility analytics availableFidelity audit passedNo OCROpinion: qualifiedAuditor: Grant Thornton LLPPreparer: not explicitly namedSource PDF hashed

At a glance · FY 2024-2025

Annual surplus (deficit)

$6.06M

$6,057,252

Total revenue

$54.0M

$53,957,927

Total expenses

$47.9M

$47,900,675

Accumulated surplus

$15.1M

$15,145,660

Total financial assets

$24.0M

$23,991,014

Total financial liabilities

$46.2M

$46,219,259

Net financial assets (debt)

-$22.2M

-$22,228,245

Total non-financial assets

$37.4M

$37,373,905

Revenue and expenses · FY 2024-2025

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

Revenue

  • Deferred revenue from previous years$17.3M
  • ISC Grant$14.4M
  • Fisheries sales$11.3M
  • ISC Fixed Contribution$10.8M
  • Ministre de la Sécurite publique$3.44M
  • Other revenues$2.86M
  • Administration revenues$2.25M
  • Amortization of deferred contributions related to tangible capital assets$1.93M
  • Solicitor General of Canada$1.78M
  • Ministre des Forêts, de la Faune et des Parcs du Québec$1.78M
  • Department of Fisheries and Oceans$1.61M
  • Secrétariat aux Affaires autochtones$1.22M
  • First Nations of Quebec and Labrador Health and Social Services Commission$979K
  • Fishing leases$879K
  • Rental revenues$872K
  • ISC Flexible Contribution$762K
  • First Nations Human Resources Development Commission of Quebec$655K
  • Canada Mortgage and Housing Corporation$619K
  • Forestry sales$577K
  • Gas, restaurant and rooms sales$406K
  • ISC Set Contribution$368K
  • First Nations Education Council$362K
  • Environment and Climate Change Canada$270K
  • ISC Block Contribution$260K
  • Canadian Heritage$258K
  • Native Commercial Credit Corporation (SOCCA)$250K
  • Revenue Canada$244K
  • Health Canada$210K
  • Lodging revenues$114K
  • Ministre de la Culture et des Communications$84.9K
  • Canada Economic Development$54.3K
  • Welfare injection$43.3K
  • Community services$23.7K
  • Library and Archives Canada$20.6K
  • Gesgapegiag Human Resource Development Commission$9.53K
  • Gain (loss) on disposal of tangible capital assets-$25.1K
  • Contribution receivable (payable)-$71.3K
  • Correction of receivable, deferred revenues and unexpended funding of prior years-$452K
  • Deferred contribution related to tangible capital assets-$6.54M
  • Less: Deferred revenue-$17.9M

Expenses

  • Salaries and fringe benefits$18.6M
  • Contracted services$12.5M
  • Fisheries purchases$3.21M
  • Purchase of equipment$2.73M
  • Materials and supplies$2.72M
  • Amortization of tangible capital assets$2.69M
  • Administration charges$2.22M
  • Placements$1.88M
  • Economics Stimulus Package$1.44M
  • Basic needs$1.17M
  • Repair and maintenance$1.15M
  • Travel$757K
  • Doubtful accounts$746K
  • Energy$695K
  • Insurance$615K
  • Program aids$571K
  • Room and board and educational allowances$511K
  • Professional fees$402K
  • Material and equipment rental$333K
  • Medical fees$313K
  • Purchases for resale$273K
  • Tuition fees$269K
  • Interest on long-term debt$178K
  • Honoraria$169K
  • Registration fees$147K
  • Contributions to community activities$138K
  • Training and development$102K
  • Office supplies and expenses$94.0K
  • Telecommunications$72.4K
  • Other$67.1K
  • Interest and bank charges$60.5K
  • Annual contribution - replacement reserve$49.2K
  • Special needs$41.4K
  • Welfare injection$31.2K
  • Variation of gas inventory$28.8K
  • Band contributions$17.5K
  • Redevances on quota$10.6K
  • Business contributions$9.00K
  • Membership fees$5.40K
  • Publicity and promotion$175
  • Expenses capitalized to tangible capital assets-$9.16M

Reconciliation: revenue $54.0M − expenses $47.9M = $6.06M 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
2024-2025viewingViewViewViewViewPosted, not capturedPDF
2023-2024Posted, not captured———Posted, not capturedPDF
2022-2023Posted, not captured———Posted, not capturedPDF
2021-2022Posted, not captured———Posted, not capturedPDF
2020-2021Posted, not captured———Posted, not capturedPDF
2019-2020Posted, not captured———Posted, not capturedPDF
2018-2019Posted, not captured———9 rowsPDF
2017-2018Posted, not captured———9 rowsPDF
2016-2017Posted, not captured———9 rowsPDF
2015-2016Posted, not captured———1 rowsPDF
2014-2015Posted, not captured———3 rowsPDF
2013-2014Posted, not captured———Posted, not capturedPDF

Statements as published · FY 2024-2025

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Consolidated Financial Position

FY 2024-2025 · PDF page 7

FA − FL = Net FA: matchedNet FA + NFA = Acc. surplus: matched
20252024
FINANCIAL ASSETS
Cash5,459,6785,444,791
Term deposits7,360,0004,660,000
Restricted cash and deposits (Note 4)n4734,055958,155
Accounts receivable (Note 5)n52,771,5352,309,417
Due from government and other government organizations (Note 6)n67,601,2486,233,031
Inventory31,06459,827
Investments (Note 7)n733,43433,434
[total financial assets]23,991,01419,698,655
LIABILITIES
Accounts payable and accrued liabilities (Note 8)n84,247,3564,701,390
Deferred revenues (Note 9)n917,924,45217,327,000
Current portion of long-term debt (Note 10)n10653,0661,074,666
Long-term debt (Note 10)n103,805,0663,533,298
Deferred contributions related to tangible capital assets (Note 11)n1118,631,48214,020,161
Reserve funds
Replacement reserve (Note 12)n12358,68499,457
Operating reserve (Note 13)n13599,153634,349
[total liabilities]46,219,25941,390,321
NET DEBT(22,228,245)(21,691,666)
NON-FINANCIAL ASSETS
Prepaid expenses108,887134,666
Tangible capital assets (Note 14)n1437,265,01830,820,212
[total non-financial assets]37,373,90530,954,878
ACCUMULATED SURPLUS (Note 15)n1515,145,6609,263,212

Consolidated Operations

FY 2024-2025 · PDF page 8

Rev − Exp = Surplus: matched
Unaudited budget (note 25)(budget)20252024
Revenues
Federal government transfers
ISC Grant12,896,59114,400,22713,629,846
ISC Fixed Contribution7,536,79010,790,2818,592,657
ISC Set Contribution928,167368,210293,000
ISC Flexible Contribution1,018,666762,182639,621
ISC Block Contribution210,125260,31639,396
Contribution receivable (payable) (Note 18)n18-⚑(71,276)253,881
Correction of receivable, deferred revenues and unexpended funding of prior years-⚑(451,727)-⚑
Health Canada68,613210,000-⚑
Solicitor General of Canada1,487,0101,783,3611,824,311
Canadian Heritage249,600258,000272,800
First Nations Education Council65,344362,325181,519
Revenue Canada164,100243,995164,084
Canada Mortgage and Housing Corporation285,000618,8731,677,127
Canada Economic Development-⚑54,339233,927
Department of Fisheries and Oceans337,0001,606,0971,224,390
Environment and Climate Change Canada250,000269,720401,400
Library and Archives Canada-⚑20,605-⚑
[subtotal federal government transfers]25,497,00631,485,52829,427,959
Provincial government transfers
Ministre de la Sécurite publique3,611,2853,440,622935,855
Ministre de la Culture et des Communications139,00084,906248,500
Ministre des Forêts, de la Faune et des Parcs du Québec2,675,0001,780,3461,886,709
Secrétariat aux Affaires autochtones133,5001,220,500-⚑
[subtotal provincial government transfers]6,558,7856,526,3743,071,064
Other
First Nations Human Resources Development Commission of Quebec-⚑654,582545,399
Native Commercial Credit Corporation (SOCCA)15,000250,0001,298,788
First Nations of Quebec and Labrador Health and Social Services Commission96,905979,059302,095
Band contribution-⚑-⚑49,102
Welfare injection6,29043,31316,339
Gesgapegiag Human Resource Development Commission58,7659,531202,811
Community services-⚑23,67023,850
Gain (loss) on disposal of tangible capital assets-⚑(25,088)4,500
Rental revenues284,734871,611788,217
Administration revenues1,172,3532,245,5911,327,970
Forestry sales1,740,000577,4941,247,630
Lodging revenues120,000113,947154,126
Gas, restaurant and rooms sales-⚑406,139295,829
Fisheries sales11,418,57411,259,00211,739,437
Fishing leases800,541879,387828,996
Other revenues442,7512,864,334992,653
Deferred contribution related to tangible capital assets-⚑(6,540,928)(5,018,149)
Amortization of deferred contributions related to tangible capital assets-⚑1,931,8331,727,409
Deferred revenue from previous years1,123,80317,327,00012,547,329
Less: Deferred revenue-⚑(17,924,452)(17,327,000)
[subtotal other]17,279,71615,946,02511,747,331
[total revenues]49,335,50753,957,92744,246,354
Expenses
Salaries and fringe benefits18,372,32818,593,37818,059,345
Travel806,801756,868805,906
Professional fees435,107401,776435,293
Publicity and promotion-⚑175-⚑
Material and equipment rental1,075,512333,463406,861
Training and development1,532,374101,979529,354
Fisheries purchases3,621,4343,206,3833,678,170
Honoraria352,491169,187201,233
Economics Stimulus Package1,440,0001,440,0001,348,000
Contracted services7,188,15012,541,56210,688,959
Membership fees4,6995,4009,445
Materials and supplies3,231,9322,723,0373,142,559
Office supplies and expenses111,87093,96782,641
Repair and maintenance595,2071,152,9102,084,727
Energy798,970694,7261,021,889
Telecommunications89,81772,44074,593
Insurance334,330615,166609,667
Interest and bank charges48,57760,539290,897
Interest on long-term debt257,147178,293180,959
Doubtful accounts-⚑746,081717,612
Administration charges1,247,6372,223,1251,322,162
Room and board and educational allowances344,626510,958409,887
Business contributions-⚑9,00011,000
Contributions to community activities37,302137,509144,020
Band contributions13,00017,500108,787
Program aids385,503570,733369,261
Medical fees283,319313,294315,077
Tuition fees262,422268,901400,636
Other32,63467,14731,849
Basic needs1,364,4301,170,3251,446,564
Special needs41,50041,44729,988
Purchase of equipment4,846,3622,728,1572,137,675
Welfare injection203,92031,1644,968
Registration fees59,976147,195167,682
Placements1,990,2741,884,8432,458,924
Redevances on quota-⚑10,581-⚑
Purchases for resale-⚑273,374271,605
Variation of gas inventory-⚑28,758(30,277)
Annual contribution - replacement reserve-⚑49,22744,480
Expenses capitalized to tangible capital assets27,500(9,160,023)(10,052,160)
Amortization of tangible capital assets-⚑2,690,1302,447,479
[total expenses]51,437,15147,900,67546,407,717
Excess (deficiency) of revenues over expenses(2,101,644)6,057,252(2,161,363)

Consolidated Changes in Net Debt

FY 2024-2025 · PDF page 12

20252024
Deficiency of revenues over expenses6,057,252(2,161,363)
Adjustment to prior years (Note 19)n19(174,804)(9,714)
[subtotal]5,882,448(2,171,077)
Tangible capital assets
Acquisition of tangible capital assets(9,160,023)(10,073,550)
Disposal of tangible capital assets-⚑11,350
Loss (gain) on disposal of tangible capital assets25,088(4,500)
Amortization of tangible capital assets2,690,1302,447,479
Total tangible capital assets(6,444,805)(7,619,221)
Use of prepaid expenses25,77822,907
Changes in net debt(536,579)(9,767,391)
Net debt, beginning of the year(21,691,666)(11,924,275)
Net debt, end of the year(22,228,245)(21,691,666)

Consolidated Cash Flows

FY 2024-2025 · PDF page 13

20252024
OPERATING ACTIVITIES
Excess (deficiency) of revenues over expenses6,057,252(2,161,363)
Non-cash items
Amortization of tangible capital assets2,690,1302,447,479
Adjustment of deferred contributions related to tangible capital assets from previous year(20,602)20,069
Amortization of deferred contributions related to tangible capital assets(1,909,004)(1,727,409)
Transfer to the replacement reserve fund for the year49,22744,480
Loss (gain) on disposal of tangible capital assets25,088(4,500)
[subtotal]6,892,091(1,381,244)
Net change in assets and liabilities(1,632,377)6,391,955
Cash flows from operating activities5,259,7145,010,711
CAPITAL ACTIVITIES
Acquisition of tangible capital assets(9,160,023)(10,073,550)
Disposal of tangible capital assets-⚑11,350
Cash flows from capital activities(9,160,023)(10,062,200)
INVESTING ACTIVITIES
Restricted cash and deposits and cash flows from investing activities224,100(28,917)
FINANCING ACTIVITIES
Long-term loans431,2511,495,226
Repayment of long-term loans(581,083)(758,778)
Deferred contributions related to tangible capital assets6,540,9285,018,149
Cash flows from financing activities6,391,0965,754,597
Net increase in cash2,714,887674,191
Cash and cash equivalents, beginning of year10,104,7919,430,600
Cash and cash equivalents, end of year12,819,67810,104,791
CASH AND CASH EQUIVALENTS
Cash5,459,6785,444,791
Term deposits7,360,0004,660,000
[total cash and cash equivalents]12,819,67810,104,791

Notes to the financial statements

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

Note 13Consolidated Accumulated Surplus

20252024
Balance, beginning of year
Balance, as previously reported9,310,15111,434,289
Accounting changes (Note 2)n2(46,939)-⚑
Balance, as restated9,263,21211,434,289
Excess (deficiency) of revenues over expenses6,057,252(2,161,363)
[subtotal]15,320,4649,272,926
Adjustment to prior years (Note 19)n19174,8049,714
Balance, end of year15,145,6609,263,212
20252024
Reserve for the purchase of boats1,761,2111,761,211
Accumulated surplus13,384,4497,502,001
[total]15,145,6609,263,212
Note 1SIGNIFICANT ACCOUNTING POLICIES (Continued)

Periods
Buildings
Sanitation system
Automotive equipment
Material and equipment
Roads
Boat
Note 2RESTRICTED CASH AND DEPOSITS

20252024
Replacement reserve fund (Note 12)n1299,494333,469
Operating reserve fund (Note 13)n13634,561624,686
[total]734,055958,155
Note 3ACCOUNTS RECEIVABLE

20252024
Accounts receivable4,489,6453,255,956
Rents receivable2,766,3622,625,977
Advances54,54847,539
Indirect taxes receivable143,882319,961
[subtotal]7,454,4376,249,433
Doubtful accounts4,682,9023,940,016
[total]2,771,5352,309,417
Note 4DUE FROM GOVERNMENT AND OTHER GOVERNMENT ORGANIZATIONS

20252024
Federal government
Indigenous Services Canada (ISC)3,193,9491,199,090
Health Canada(14,765)(14,765)
C.M.H.C.225,38513,232
Department of Fisheries and Oceans905,7021,145,456
First Nations Education Council70,961125,157
Natural Resources Canada-⚑96,945
Canada Economic Development-⚑70,271
Department of Canadian Heritage-⚑78,291
Environment and Climate Change Canada129,9904,990
20252024
Provincial Government
Finance Québec1,0001,000
Ministre de l'Agriculture, des Pêcheries et de l'Alimentation-⚑194,656
Ministre des Forêts, de la Faune et des Parcs du Québec100,0191,398,294
Secrétariat aux Affaires autochtones511,25068,200
Ministre de la Sécurité publique1,445,7471,120,083
Sûreté du Québec632,672285,600
Eastern Shores School Board890-⚑
Ministre de la Culture et des Communications29,000298,500
Other
First Nations of Quebec and Labrador Health and Social Services Commission288,022142,785
First Nation Human Resources Development Commission of Quebec3,1355,246
Other78,291-⚑
[total]7,601,2486,233,031
Note 5INVESTMENTS

20252024
Mi'gmawei Mawiomi Resources L.P., government business partnership
Capital100100
Mi'gmawei Mawiomi Business Corporation inc., joint arrangement
1 common share, 33%11
Salaweg inc., joint arrangement
50 common share, 33%33,33333,333
[total]33,43433,434
Note 6ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

20252024
Trade accounts2,580,2033,044,390
Salaries payable807,098761,819
Government remittances197,560232,686
Accrued interest13,15613,156
Account payable to Mi'gmawei Mawiomi Resources L. P., government business partnership, without interest649,339649,339
[total]4,247,3564,701,390
Note 7DEFERRED REVENUES

20252024
Federal government
110004 Q21G Mental wellness team (Listuguj)486,985-⚑
110007 Q21H Mental Well before Q3YZ Emergency Mgmt Ass.74,965-⚑
110035 Q233 AHHRI Training7,963-⚑
110026 Q02J Clinical and Client Care Other12,065-⚑
110029 Q210 Indigenous Early Learning and Child Care program220,905-⚑
110036 Q30W IHEF before Health plan210,484-⚑
110040 Q2FY JP - Programs coordination64,321129,146
110041 JP - Programs Activities1,693,7981,225,327
110059 Community Mobilization before Food Security108,132139,882
110060 Social Service Child in Foster Allowance567,578451,560
110065 Liaison Nurses-⚑18,191
110068 Anti Racism-⚑43,675
110090 Probation Officer (before 655700)25,497-⚑
110091 Q226 Tobacco-⚑13,417
212373 Q2C0 Operations - CFS1,565,7081,472,559
212384 Q2BX CFS Maintenance - Enhanced Prevent-⚑521,116
212388 Q2C3 Prevention/Least Disruptive Measure3,500,7832,655,089
212396 Post Majority care7,829-⚑
Federal government
212405 Q2C7 Representative Service629,846425,168
212450 Healing for men-⚑45,613
302306 Q2AL Basic Needs25,523-⚑
302308 Q29W Social assitance for Employment-⚑220,916
309006 Q2AK Case management capacity39,45562,680
309009 Q2AM Services delivery infra10,81211,756
361013 NP1M New Paths Language & Culture-⚑9,013
361014 Postsecondary (PSPP)143,36854,595
408190 Q40W Lands, membership and Estates-⚑13,816
408567 Q3OF Ecocenter41,379-⚑
408568 Q3OG Ecocenter O&M209,679-⚑
408595 Q3X8 Water System Rehabilitation635,495685,264
408628 QA3N Main, Indian, Gitpu500,000-⚑
408746 Lentug Street Extension107,110-⚑
408748 Eagle Lane Resurface before Q3AX677,626-⚑
408779 Q3BT Solid Waste-⚑23,793
590102 Policing Equipment initiative 2022-2023198,206945,299
590103 Policing Infrastructure of the Community2,220,9552,391,766
590104 Prevention of delinquency89,60889,700
590105 Policing Services399,167-⚑
590110 Q3BN Training - Fire Protection15,59915,599
590111 Mental Health and Homelessness248,000-⚑
20252024
640001 Right Reconciliation Agreement419,879-⚑
641366 QZ9P Specific Claims Submission128,458188,862
641846 Q32K Capacity Development64,468-⚑
650051 Daycare renovations173,36232,332
708170 Tourism Initiative81,44458,759
860023 Capacity Support-⚑1,088
873000 Native protected area project-⚑179,103
875000 Qualipu159,010-⚑
990001 Housing Inspection-⚑19,570
990003 Q3XJ New Houses-⚑7,396
990008 Rapid Housing Init. Phase 3 Sixplex 1 A-F Amu-⚑32,406
Provincial government
590109 Prevention liaison officer-⚑21,141
641013 Cultural & Language269,976748,369
641014 Communication-⚑93,864
708199 Clean energy4,36194,952
Other
656602 Surplus From the Grant/Education1,884,6534,184,218
[total]17,924,45217,327,000
Note 8LONG-TERM DEBT

20252024
Bank of Montreal, secured by 4 housing units and by ISC, 5.98%, payable in monthly instalments of $2,286, capital and interest, maturing in May 2029177,359194,726
Bank of Montreal, 5.20%, payable in monthly instalments of $1,735, plus interest, maturing in June 20255,20427,755
Bank of Montreal, secured by 1 quadruplex and by ISC, 6.04%, payable in monthly instalments of $1,712, capital and interest, maturing in July 2027134,345147,232
Bank of Montreal, secured by duplexes and by ISC, 5.26%, payable in monthly instalments of $3,560, capital and interest, maturing in November 2028292,809321,800
Native Commercial Credit Corporation, 7.66%, reimbursed during the year-⚑18,108
Laurentian Bank, secured by a building with a net carrying amount of $6,278 as at March 31, 2025, 3.59%, payable in monthly instalments of $230, capital and interest, maturing in April 20275,6167,958
20252024
Laurentian Bank, secured by a building with a net carrying amount of $4,955 as at March 31, 2025, 6.49%, payable in monthly instalments of $314, capital and interest, maturing in May 202823,21325,381
Native Commercial Credit Corporation, 7.66%, reimbursed during the year-⚑7,058
Laurentian Bank, secured by a building with a net carrying amount of $19,015 as at March 31, 2025, 2.24%, payable in monthly instalments of $444, capital and interest, maturing in June 202617,19821,771
Native Commercial Credit Corporation, secured by a hypothec on the universality of property and a guarantee from 9252-9106 Quebec inc., subsidiary, 6.92%, payable in monthly instalments of $1,640, capital and interest, maturing in March 2029117,858128,873
Canada Mortgage and Housing Corporation forgivable loan, without interest, forgiveness earned of $11,110 yearly, maturing in August 202726,84837,958
Canada Mortgage and Housing Corporation forgivable loan, without interest, forgiveness earned of $11,720 yearly, maturing in August 202728,32240,042
Native Commercial Credit Corporation, 6.35%, payable in monthly instalments of $9,326, capital and interest, maturing in March 2029567,169631,106
Bank of Montreal, 6.49%, payable in monthly instalments of $1,792, capital and interest, maturing in July 2027207,412218,913
Loan, secured by equipment with a net carrying amount of $117,233 as at March 31, 2025, 4,35%, payable in monthly instalments of $3,784, capital and interest, maturing in November 2027112,697166,508
Loan, secured by equipment with a net carrying amount of $137,400 as at March 31, 2025, 4,35%, payable in monthly instalments of $4,334, capital and interest, maturing in July 2027115,198173,360
Scotia Bank, 3.00%, payable in monthly instalments of $1,038, capital and interest, maturing in may 202953,332-⚑
Scotia Bank, 10.15%, payable in monthly instalments of $1,484, capital and interest, maturing in November 202965,24875,950
Royal Bank, 9.99%, payable in monthly instalments of $1,694, capital and interest, maturing in November 202961,04274,540
20252024
Bank of Montreal, prime rate plus 1.5% (8.2%), reimbursed during the year-⚑14,167
Native Commercial Credit Corporation, 6,92%, payable in monthly instalments of $2,097 $, capital and interest, maturing in December 202882,884101,595
Caisse Desjardins, secured by automotive equipment with a net carrying amount of $56,172 as at March 31, 2025, 8,49%, payable in monthly instalments of $2,249, capital and interest, maturing in April 202751,36972,993
Project # 13, C.M.H.C., mortgage (19-072-495/002), authorized amount of $87,500, secured by 3 housing units and 1 duplex, 0.83%, payable in monthly instalments of $395, capital and interest, maturing in May 20257895,500
Project # 14, C.M.H.C., mortgage (19-072-495/003), authorized amount of $129,000, secured by 4 housing units, 0.98%, payable in monthly instalments of $583, capital and interest, maturing in March 20267,53214,414
Project # 15, C.M.H.C., mortgage (19-072-495/004), authorized amount of $187,395, secured by 5 housing units, 2,27%, payable in monthly instalments of $875, capital and interest, maturing in April 202721,34731,244
Project # 16, C.M.H.C., mortgage (19-072-495/005), authorized amount of $92,538, secured by 3 housing units, 3,81%, payable in monthly instalments of $442, capital and interest, maturing in February 202814,63819,298
Project # 17, C.M.H.C., mortgage (19-072-495/006), authorized amount of $62,000, secured by 2 duplexes, 0,69%, payable in monthly instalments of $254, capital and interest, maturing in June 203015,69818,625
Project # 17, C.M.H.C., mortgage (19-072-495/007), authorized amount of $65,000, secured by 2 duplexes, 0.69%, payable in monthly instalments of $266, capital and interest, maturing in June 203016,45819,527
Project # 18, C.M.H.C., mortgage (19-072-495/008), authorized amount of $253,800, secured by a sixplex, 1.57%, payable in monthly instalments of $1,127, capital and interest, maturing in December 203068,09280,442
20252024
Project # 19, C.M.H.C., mortgage (19-072-495/009), authorized amount of $172,000, secured by 2 duplexes, 3.04%, payable in monthly instalments of $774, capital and interest, maturing in April 203259,17866,564
Project # 20, C.M.H.C., mortgage (19-072-495/010), authorized amount of $104,000, secured by 1 quadruplex, 3.74%, payable in monthly instalments of $495, capital and interest, maturing in May 203341,80746,115
Project # 21, C.M.H.C., mortgage (19-072-495/011), authorized amount of $120,600, secured by 1 duplex, 3,30 %, payable in monthly instalments of $572, capital and interest, maturing in September 203245,56151,029
Project # 22, C.M.H.C., mortgage (19-072-495/012), authorized amount of $189,500, secured by 1 quadruplex, 0.68%, payable in monthly instalments of $717, capital and interest, maturing in October 203587,77895,752
Project # 23, C.M.H.C., mortgage (19-072-495/013), authorized amount of $1,200,000, secured by 10 housing units, 2.27%, payable in monthly instalments of $5,073, capital and interest, maturing in March 2037639,349685,250
Project # 24, C.M.H.C., mortgage (19-072-495/014), authorized amount of $104,000, secured by 1 housing unit, 2.27%, payable in monthly instalments of $440, capital and interest, maturing in March 203755,40959,387
Project # 25, C.M.H.C., mortgage (19-072-495/015), authorized amount of $255,149, secured by 1 duplex, 3.52%, payable in monthly instalments of $1,252, capital and interest, maturing in May 2043201,902209,740
Project # 26, C.M.H.C., mortgage (19-072-495/016), authorized amount of $245,200, secured by 1 duplex, 4.49%, payable in monthly instalments of $1,356, capital and interest, maturing in October 2048150,791156,389
Project # 27, C.M.H.C., mortgage (19-072-495/017), authorized amount of $122,600, secured by 1 housing unit, 3.58%, payable in monthly instalments of $617, capital and interest, maturing in January 204942,12845,257
Project # 28, C.M.H.C., mortgage (19-072-495/018), authorized amount of $154,000, secured by 1 housing unit, 4.49%, payable in monthly instalments of $851, capital and interest, maturing in October 2048146,503150,018
20252024
Project # 29, C.M.H.C., mortgage (19-072-495/019), authorized amount of $237,000, secured by 1 duplex, 4.49%, payable in monthly instalments of $1,493, capital and interest, maturing in October 2043128,851136,536
Project # 30, C.M.H.C., mortgage (19-072-495/020), authorized amount of $273,000, secured by 1 duplex, 4.49%, payable in monthly instalments of $1,509, capital and interest, maturing in October 2048202,851209,083
Project # 31, C.M.H.C., mortgage (26765297), authorized amount of $178,475, secured by 1 housing unit, 3.95%, payable in monthly instalments of $934, capital and interest, maturing in June 2049175,247-⚑
Project # 32, C.M.H.C., mortgage (26860817), authorized amount of $191,100, secured by 1 housing unit, 3.18%, payable in monthly instalments of $1,334, capital and interest, maturing in March 2040191,100-⚑
[subtotal]4,458,1324,607,964
Current portion
Subject to renewal-⚑516,526
Other653,066558,140
[total current portion]653,0661,074,666
[total]3,805,0663,533,298
Note 9DEFERRED CONTRIBUTIONS RELATED TO TANGIBLE CAPITAL ASSETS

20252024
Balance, beginning of year14,020,16110,709,352
ISC
110000 Medical Transportation NIHB/MT52,929-⚑
212388 Q2C3 Prevention/Least Disruptive Measure190,94346,903
408568 Q3OG Ecocenter O&M69,594-⚑
408595 Q3X8 Water System Rehabilitation49,769-⚑
408746 Lentug Street Extension797,137-⚑
408748 Eagle Lane Resurface before Q3AX698,835-⚑
408749 Q3X9 Gasgusi extension before Q3CD172,5591,268,788
641072 NGD1 Capacity Building-⚑150,943
990024 Big house 2019162,708-⚑
990043 Quadplex Usgewinugg & Elder's Unit-⚑218,359
990049 New Construction Nipugt425,213-⚑
20252024
Canada Economic Development
708160 Rustic Camp ground-⚑226,643
First Nations of Quebec and Labrador Health and Social Services Commission
110029 Q210 Indigenous Early Learning and Child Care program300,605-⚑
Department of Fisheries and Oceans
860000 Mid-shore Fisheries-⚑735,000
860023 Capacity Support-⚑65,000
860035 New Vessel and repairs-⚑23,785
860052 Replace Anselwit128,180-⚑
Secrétariat aux Affaires Autochtones
708152 Expansion at the Cache1,024,720-⚑
Solicitor General of Canada
590102 Policing Equipments initiative 2022-2023437,008288,401
590103 Policing Infrastructure of the Community1,998,321243,783
C.M.H.C. - ISC
990008 Rapid House Init. Phase 3 Sixplex 1 A-F Amu32,406548,769
990009 Rapid Housing Init. Phase 3 - Duplex 26 AB Gasgusi-⚑277,725
990010 Rapid housing Init. Phase 3 - Duplex 28 AB Gasgusi-⚑277,725
990012 Rapid Housing Init. Phase 3 - Duplex 30 AB Gasgusi-⚑277,725
Ministre des Forêts, de la Faune et des Parcs du Québec
708152 Expansion at the Cache-⚑194,632
708199 Clean energy-⚑173,968
Other - Contribution adjustment(20,602)20,069
Amortization (a)(1,909,004)(1,727,409)
Balance, end of year18,631,48214,020,161
Note 10REPLACEMENT RESERVE FUND

20252024
Cash99,494333,469
Reserve fund
Balance, beginning of year99,45754,977
Adjustment due to matured units
Annual contribution - replacement reserve49,22744,480
Supplemental funding (note 19)n19210,000-⚑
Balance, end of year358,68499,457
Note 11OPERATING RESERVE (Post-1996 Program)

20252024
Cash634,561624,686
Reserve fund
Balance, beginning of year634,349624,635
Adjustment requested by C.M.H.C. (Note 19)n19(35,196)9,714
Balance, end of year599,153634,349
20252024
Cash634,561624,686
Reserve fund
Balance, beginning of year634,349624,635
Adjustment requested by C.M.H.C. (Note 19)n19(35,196)9,714
Balance, end of year599,153634,349
Note 12TANGIBLE CAPITAL ASSETS

CostAccumulated amortization(other)Net carrying amount 2025(other)Net carrying amount 2024(other)
Land380,586-⚑380,586380,586
Buildings31,241,04717,180,29914,060,74814,474,819
Sanitation system7,470,4176,885,389585,028656,064
Automotive equipment5,105,3653,492,2701,613,0951,422,904
Material and equipment5,804,0303,704,1532,099,8772,216,250
Roads5,531,330622,9504,908,3803,424,458
Gravel pit100,000-⚑100,000100,000
Boat5,001,087715,7794,285,3084,104,247
Building in construction9,231,996-⚑9,231,9964,040,884
[total]69,865,85832,600,84037,265,01830,820,212
Note 14BANK LOANS

20252024
The bank loan, for an authorized amount of $1,000,000, bears interest at prime rate plus 1.5% (6.45%; 8.70% as at March 31, 2024) and is renegotiable annually.
Note 15CONTRIBUTION RECEIVABLE (PAYABLE)

20252024
Federal government
110000 Medical Transportation NIHB/MT9,163-⚑
212383 Q2BY CFS Maintenance - Enhanced Prevent(51,004)51,004
212450 Healing for men(29,435)-⚑
408779 Q3BT Solid Waste-⚑202,877
[total](71,276)253,881
Note 16ADJUSTMENT TO PRIOR YEARS

20252024
Micmacs Housing Corporation
Adjustment to operating reserve(35,196)9,714
Adjustment to replacement reserve210,000-⚑
[total]174,8049,714
Note 17FINANCIAL RISKS

20252024
Cash5,459,6785,444,791
Term deposits7,360,0004,660,000
Restricted cash and deposits734,055958,155
Accounts receivable4,489,6453,255,956
Rents receivable2,766,3622,625,977
Advances54,54847,539
Government transfers receivable7,601,2486,233,031
[total]28,465,53623,225,449
Less than 6 months6 months to 1 year(other)1 to 5 years(other)More than 5 years(other)
Accounts payables and accrued liabilities4,247,356-⚑-⚑-⚑
Long-term debt368,125340,3492,511,8022,284,126
[total]4,615,481340,3492,511,8022,284,126
Note 18TRUST FUNDS HELD BY ISC

March 31, 2024Addition 2025(other)Withdrawals 2025(other)March 31, 2025(other)
Revenue48,4981,687-⚑50,185
Capital647-⚑-⚑647
[total]49,1451,687-⚑50,832
Note 19SEGMENT DISCLOSURES

Health Unaudited Budget 2025(budget)Health 2025Health 2024Social Services Unaudited Budget 2025(budget)Social Services 2025(other)Social Services 2024(other)Education Unaudited Budget 2025(budget)Education 2025(other)Education 2024(other)
Revenues
Federal government transfers3,167,9803,933,7473,994,7187,641,4907,686,2798,181,5277,914,5228,026,6847,609,337
Provincial government transfers77,314110,195106,329-⚑-⚑-⚑-⚑-⚑-⚑
Other revenues68,580(978,514)(410,158)-⚑(297,810)(1,896,483)-⚑(186,133)194,475
Total Revenues3,313,8743,065,4283,690,8897,641,4907,388,4696,285,0447,914,5227,840,5517,803,812
Expenses
Salaries and fringe benefits1,686,4071,626,4031,383,8692,257,7282,270,3401,908,4383,114,3762,534,0142,379,087
Amortization
Other expenses1,627,4991,335,8931,561,6255,038,3414,764,2364,774,9324,115,9043,950,7142,978,389
Total expenses3,313,9062,962,2962,945,4947,296,0697,034,5766,683,3707,230,2806,484,7285,357,476
Transfers between programs-⚑(71,529)(776,998)-⚑(93,421)177,108-⚑(1,355,823)(2,446,336)
Excess (deficiency) of revenues over expenses(32)31,603(31,603)345,421260,472(221,218)684,242-⚑-⚑
Public Works Unaudited Budget 2025(budget)Public Works 2025Public Works 2024Public Security Unaudited Budget 2025(budget)Public Security 2025(other)Public Security 2024(other)Band Support Unaudited Budget 2025(budget)Band Support 2025(other)Band Support 2024(other)
Revenues
Federal government transfers2,925,3724,848,5852,240,6571,487,0101,783,3611,824,3111,134,6742,164,5021,476,113
Provincial government transfers-⚑-⚑-⚑3,533,9713,330,427829,5251,639,0001,584,9061,498,500
Other revenues37,555(2,963,774)180,877963,677(2,329,369)(893,289)3,102,3749,087,0031,297,765
Total Revenues2,962,9271,884,8112,421,5345,984,6582,784,4191,760,5475,876,04812,836,4114,272,378
Expenses
Salaries and fringe benefits753,673666,6051,052,6561,544,7571,883,1551,818,7382,998,1503,729,9393,231,739
Amortization
Other expenses2,800,2951,669,8791,200,2075,308,767975,609570,3293,623,3753,954,4724,049,668
Total expenses3,553,9682,336,4842,252,8636,853,5242,858,7642,389,0676,621,5257,684,4117,281,407
Transfers between programs457,883(123,799)-⚑-⚑74,345624,409200,0001,520,9771,731,148
Excess (deficiency) of revenues over expenses(591,041)6,21044,872(868,866)-⚑(4,111)(545,477)6,672,977(1,277,881)
Economic Development Unaudited Budget 2025(budget)Economic Development 2025Economic Development 2024Commercial Unaudited Budget 2025(budget)Commercial 2025(other)Commercial 2024(other)Capital Housing Unaudited Budget 2025(budget)Capital Housing 2025(other)Capital Housing 2024(other)
Revenues
Federal government transfers157,000231,773365,586454,000967,8631,460,890614,9581,842,7342,274,820
Provincial government transfers133,5001,361,432348,7151,175,000139,414287,995-⚑-⚑-⚑
Other revenues180,256(780,545)20,16212,987,27412,153,49712,488,570-⚑2,241,670765,412
Total Revenues470,756812,660734,46314,616,27413,260,77414,237,455614,9584,084,4043,040,232
Expenses
Salaries and fringe benefits407,000392,829788,6285,145,0594,651,9174,870,334465,179838,167625,856
Amortization-⚑-⚑-⚑-⚑59,27759,277-⚑2,630,8532,388,202
Other expenses192,156548,802393,5658,431,7487,928,7008,457,5021,926,7381,488,8711,914,676
Total expenses599,156941,6311,182,19313,576,80712,639,89413,387,1132,391,9174,957,8914,928,734
Transfers between programs94,993215,516-⚑(200,000)(1,432,593)(1,054,942)-⚑805,1681,653,894
Excess (deficiency) of revenues over expenses(128,400)(33,978)(232,214)839,467(811,713)(204,600)(1,776,959)(68,319)(234,608)
Total Unaudited Budget 2025(budget)Total 2025Total 2024
Revenues
Federal government transfers25,497,00631,485,52829,427,959
Provincial government transfers6,558,7856,526,3743,071,064
Other revenues17,339,71615,946,02511,747,331
Total Revenues49,395,50753,957,92744,246,354
Expenses
Salaries and fringe benefits18,372,32818,593,37818,059,345
Amortization-⚑2,690,1302,447,479
Other expenses33,064,82326,617,16725,900,893
Total expenses51,437,15147,900,67546,407,717
Transfers between programs
Excess (deficiency) of revenues over expenses(2,041,644)6,057,252(2,161,363)

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.

Chaleur Bay Transmission Line / Maria-ROWConcluded—

No Lawful Obligation Found

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

Maria - ExpropriationSettled$128,000

Settlement Report on Specific Claims

Settled 1996/03/29 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

Maria - Horse IslandOther—

File Closed

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

Total reported settlements (3 claims)—

Community context

Governance

Chief
RODERICK LAROCQUE (term to 2027-08-19)
Council
8 councillors
Election system
First Nations Elections Act
Tribal council
Mi'gmawei Mawiomi Secretariat
Show council
  • AARON CONDO Councillor
  • ANGELIQUE CONDO Councillor
  • TRACY CONDO Councillor
  • DOROTHY GEDEON Councillor
  • SHANNON GEDEON Councillor
  • JOHN MARTIN Councillor
  • SHAWN MARTIN Councillor
  • PRESTON PAUL Councillor

Reserves and location

Reserves
1 reserves
Region
QUEBEC · near Québec
Show reserves
  • GESGAPEGIAG · 222 ha

Population

Registered
1,732
On reserve
726
As of
May, 2026
Show full breakdown
  • On own reserve: 726 · 379 M / 347 F
  • On other reserves: 14 · 6 M / 8 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: 992 · 464 M / 528 F

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