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Mamalilikulla First NationFiscal year 2024-2025

← 2023–24

First Nations / Band 629 · British Columbia

Mamalilikulla First Nation

Fiscal year 2024-2025 (year-end 2025-03-31) · 498 registered · 9 on reserve · North Island Tribal Council Society

Certified source-faithful captureCompatibility analytics availableFidelity audit passedNo OCROpinion: unqualifiedAuditor: MNP LLPReport dated 2025-07-21Prepared by: ManagementSource PDF hashed

At a glance · FY 2024-2025

Annual surplus (deficit)

$3.12M

$3,120,165

Total revenue

$7.97M

$7,970,746

Total expenses

$4.85M

$4,850,581

Accumulated surplus

$21.1M

$21,091,888

Total financial assets

$18.2M

$18,210,219

Total financial liabilities

$2.50M

$2,496,467

Net financial assets (debt)

$15.7M

$15,713,752

Total non-financial assets

$5.38M

$5,378,136

Revenue and expenses · FY 2024-2025

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

Revenue

  • Other revenue$3.41M
  • Province of British Columbia$1.03M
  • First Nation Health Authority$941K
  • Indigenous Services Canada$836K
  • Gaming revenue$594K
  • Earnings from investments in First Nation business partnerships$562K
  • Interest income$347K
  • Earnings from investments in First Nation business enterprises$134K
  • Indigenous Protected and Conserved Areas$123K

Expenses

  • Band Government$2.66M
  • Economic Development$1.92M
  • Land & Resources$233K
  • Housing$17.5K
  • Culture$12.7K

Reconciliation: revenue $7.97M − expenses $4.85M = $3.12M 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———Posted, not capturedPDF
2017-2018Posted, not captured———Posted, not capturedPDF
2016-2017Posted, not captured———2 rowsPDF
2015-2016Posted, not captured———5 rowsPDF
2014-2015Posted, not captured———5 rowsPDF
2013-2014Posted, not captured———5 rowsPDF

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: matchedNet FA + NFA = Acc. surplus: matched
20252024
Financial assets
Cash and cash equivalents4,360,0361,946,754
Guaranteed investment certificates (Note 3)n34,353,8903,650,773
Accounts receivable (Note 4)n4846,675576,331
Funds held in trust (Note 5)n595,76391,675
Advances to related party (Note 6)n681,168106,235
Investment in First Nation business enterprises (Note 7)n74,574,8744,433,373
Investments in First Nation partnerships (Note 7)n73,897,8134,405,056
Total financial assets18,210,21915,210,197
Liabilities
Accounts payable and accruals74,44752,220
Advances from related parties (Note 8)n82,069,2482,073,915
Deferred revenue (Note 9)n9352,772227,635
Total liabilities2,496,4672,353,770
Net financial assets15,713,75212,856,427
Contingent liabilities (Note 10)
Non-financial assets
Tangible capital assets (Schedule 1)5,372,1385,109,298
Prepaid expenses5,9985,998
Total non-financial assets5,378,1365,115,296
Accumulated surplus (Note 13)n1321,091,88817,971,723

Consolidated Statement of Operations and Accumulated Surplus

FY 2024-2025 · PDF page 6

Rev − Exp = Surplus: matched
Schedules(other)2025 Budget (Note 14)(budget)20252024
Revenue
Other revenue⚑365,1173,406,3731,866,804
Province of British Columbia⚑69,2951,026,759476,471
First Nation Health Authority⚑84,559941,47268,598
Indigenous Services Canada (Note 15)n15⚑702,599836,306987,348
Gaming revenue⚑731,364594,374731,700
Earnings from investments in First Nation business partnerships⚑-⚑561,6741,143,974
Interest income⚑50,899346,919189,622
Earnings from investments in First Nation business enterprises⚑91,771134,159625,886
Indigenous Protected and Conserved Areas⚑-⚑122,710147,058
Contribution of tangible capital asset⚑-⚑-⚑37,970
[total revenue]⚑2,095,6047,970,7466,275,431
Expenses
Band Government32,284,8592,664,9902,730,419
Economic Development41,092,6721,922,6151,737,586
Housing5-⚑17,48618,406
Land & Resources6-⚑232,826-⚑
Culture7-⚑12,664-⚑
[total expenses]⚑3,377,5314,850,5814,486,411
Surplus (deficit) before other items⚑(1,281,927)3,120,1651,789,020
Other items
Loss on disposal of tangible capital assets⚑-⚑-⚑(10,327)
Annual surplus (deficit)⚑(1,281,927)3,120,1651,778,693
Accumulated surplus, beginning of year⚑-⚑17,971,72316,193,030
Accumulated surplus, end of year⚑(1,281,927)21,091,88817,971,723

Consolidated Statement of Change in Net Financial Assets

FY 2024-2025 · PDF page 7

2025 Budget (Note 14)(budget)20252024
Annual surplus (deficit)(1,281,927)3,120,1651,778,693
Purchases of tangible capital assets-⚑(595,084)(755,653)
Amortization of tangible capital assets-⚑332,244264,814
Loss on sale of tangible capital assets-⚑-⚑10,327
Proceeds of disposal of tangible capital assets-⚑-⚑8,000
Use of prepaid expenses-⚑-⚑150,000
Increase (decrease) in net financial assets(1,281,927)2,857,3251,456,181
Net financial assets, beginning of year12,856,42712,856,42711,400,246
Net financial assets, end of year11,574,50015,713,75212,856,427

Consolidated Statement of Cash Flows

FY 2024-2025 · PDF page 8

20252024
Cash provided by (used for) the following activities
Operating activities
Annual surplus3,120,1651,778,693
Non-cash items
Amortization332,244264,814
Loss on disposal of tangible capital assets-⚑10,327
Earnings from investments in First Nation business partnerships(561,674)(1,143,974)
Earnings from investments in First Nation business enterprises(134,159)(625,886)
[subtotal]2,756,576283,974
Changes in working capital accounts
Accounts receivable(270,344)(376,838)
Prepaid expenses-⚑150,000
Accounts payable and accruals22,22710,523
Deferred revenue125,137(5,859)
[total operating activities]2,633,59661,800
Capital activities
Purchases of tangible capital assets(595,084)(755,653)
Proceeds of disposal of tangible capital assets-⚑8,000
[total capital activities](595,084)(747,653)
Investing activities
Purchase of guaranteed investment certificates(4,353,890)(3,650,773)
Redemption of guaranteed investment certificates3,650,7733,030,719
Distributions from First Nation business partnerships1,068,917863,438
Increase in funds held in trust(4,088)(3,981)
Advances to related parties13,058(6,093)
[total investing activities]374,770233,310
Increase (decrease) in cash and cash equivalents2,413,282(452,543)
Cash and cash equivalents, beginning of year1,946,7542,399,297
Cash and cash equivalents, end of year4,360,0361,946,754

Notes to the financial statements

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

Note 1Tangible capital assets

MethodRate
Buildings
Automotive equipment
Equipment
Boats
Social Housing
Docks
Leasehold improvements
Note 2Guaranteed investment certificates

20252024
Measured at cost
GIC - matured during the year-⚑1,055,073
GIC - matured during the year-⚑1,043,700
GIC - matured during the year-⚑1,052,000
GIC - matured during the year-⚑500,000
GIC 1, matures July 22, 2025 interest at 5.05%1,103,699-⚑
GIC 2, matures January 12, 2026 interest at 3.80%1,108,964-⚑
GIC 3, matures December 18, 2025 interest at 3.70%500,000-⚑
GIC 4, matures October 3, 2025 interest at 4.25%530,082-⚑
GIC 5, matures April 6, 2026, interest at 5.45%1,111,145-⚑
[total]4,353,8903,650,773
Note 3Accounts receivable

20252024
Province of British Columbia324,62491,164
Interfor Corporation226,569-⚑
Indigenous Services Canada138,825-⚑
First Nations Health Authority90,25913,856
Goods and Services Tax36,39820,514
Nanwakolas Council Society30,000-⚑
'Namgis First Nation-⚑320,797
Coast Claims-⚑130,000
[total]846,675576,331
Note 4Funds held in trust

20252024
Capital Trust
Balance, beginning and end of year30,12230,122
Revenue Trust
Balance, beginning of year61,55357,572
Interest4,0883,981
Balance, end of year65,64161,553
[total]95,76391,675
Note 5Advances to related party

20252024
DMT Fisheries Society81,168106,235
Note 6Investments in First Nation business enterprises and partnerships

2025 Investment cost2025 Loans / advances(other)2025 Share of earnings (loss)(other)2025 Contributions (draws)(other)2025 Total investment(other)
First Nation Business Enterprises:
Mamalilikulla Economic Development Corporation - 100%371,3213,803(17)-⚑375,107
Mamalilikulla Economic Development LP - 99%4,062,0523,539134,176-⚑4,199,767
[subtotal]4,433,3737,342134,159-⚑4,574,874
First Nation Business Partnerships:
Nanwakolas Offset LP - 26%980,201-⚑394,000(850,047)524,154
Nanwakolas Timber LP - 21%3,424,853-⚑167,674(218,870)3,373,657
Nanwakolas Business Corporation - 17%1-⚑-⚑-⚑1
Gwabalis Fisheries Society - 25%1-⚑-⚑-⚑1
[subtotal]4,405,056-⚑561,674(1,068,917)3,897,813
[total]8,838,4297,342695,833(1,068,917)8,472,687
2024 Investment cost2024 Loans / advances(other)2024 Share of earnings (loss)(other)2024 Contributions (draws)(other)2024 Total investment(other)
First Nation Business Enterprises:
Mamalilikulla Economic Development Corporation - 100%365,7771,0154,529-⚑371,321
Mamalilikulla Economic Development LP - 99%3,436,8703,825621,357-⚑4,062,052
[subtotal]3,802,6474,840625,886-⚑4,433,373
First Nation Business Partnerships:
Nanwakolas Offset LP - 26%478,702-⚑964,283(462,784)980,201
Nanwakolas Timber LP - 21%3,645,816-⚑179,691(400,654)3,424,853
Nanwakolas Business Corporation - 17%1-⚑-⚑-⚑1
Gwabalis Fisheries Society - 25%1-⚑-⚑-⚑1
[subtotal]4,124,520-⚑1,143,974(863,438)4,405,056
[total]7,927,1674,8401,769,860(863,438)8,838,429
Nanwakolas Business Corporation As at March 31, 2025Nanwakolas Offset Limited Partnership As at March 31, 2025(other)Nanwakolas Timber Limited Partnership As at March 31, 2025(other)Mamalilikulla Economic Development Limited Partnership As at December 31, 2024(other)
Assets
Cash61,486,1216,001,402-⚑
Accounts receivable-⚑177,190-⚑-⚑
Inventory-⚑125,922-⚑-⚑
Investments20-⚑5,406,5094,251,909
Prepaids-⚑-⚑1,426-⚑
Deposits-⚑-⚑74,400-⚑
Promissory note receivablenreceivable-⚑222,667-⚑-⚑
Due from related parties-⚑5104,887,1211
Total assets262,012,41016,370,8584,251,910
Liabilities
Accounts payable and accruals-⚑7,50041,6493,751
Due to related parties204,5543328,177
Total liabilities2012,05441,68231,928
Retained earnings62,000,35616,329,1764,219,982
Total revenue-⚑1,671,1611,067,697139,070
Total expenses-⚑166,198255,6323,539
Net Income (loss)-⚑1,504,963812,065135,531
Mamalilikulla Economic Development Corporation As at December 31, 2024
Assets
Cash1
Accounts receivable
Inventory
Investments38,293
Prepaids
Deposits
Promissory note receivable
Due from related parties338,087
Total assets376,381
Liabilities
Accounts payable and accruals1,275
Due to related parties347,520
Total liabilities348,795
Retained earnings27,586
Total revenue1,355
Total expenses1,372
Net Income (loss)(17)
Note 7Advances from related parties

20252024
Mamalilikulla Forestry Limited Partnership1,294,0861,297,678
Mamalilikulla Forestry Corporation775,162776,237
[total]2,069,2482,073,915
Note 8Deferred revenue

Balance, beginning of yearContributions received(other)Amortization(other)Balance, end of year(other)
First Nations Health Authority125,969-⚑-⚑125,969
Province of British Columbia20,41299,47020,41299,470
Environment Funders Canada81,254-⚑81,254-⚑
Indigenous Services Canada-⚑127,333-⚑127,333
[total]227,635226,803101,666352,772
Note 9Accumulated surplus

20252024
Equity in Ottawa Trust Funds95,76391,675
Equity in operating fund7,151,3003,932,321
Equity in tangible capital assets5,372,1385,109,298
Investment in First Nation business entities8,472,6878,838,429
[total]21,091,88817,971,723
Note 10Budget information

[value]
Budget annual surplus approved by Chief and Council11,216,640
Less: accumulated surplus included in budget(12,498,567)
Budgeted annual deficit per Statement of Operations and Accumulated Surplus(1,281,927)
Note 11Indigenous Services Canada funding reconciliation

20252024
Revenue per confirmation963,639987,348
Funding deferred(127,333)-⚑
[total]836,306987,348
Note 12Schedule 1 - Consolidated Schedule of Tangible Capital Assets

BuildingsAutomotive equipment(other)Equipment(other)Boats(other)Social Housing(other)Docks(other)Subtotal(other)
Cost
Balance, beginning of year601,956105,71578,592823,066519,967442,0242,571,320
Acquisition of tangible capital assets81,850197,438-⚑245,522-⚑-⚑524,810
Disposal of tangible capital assets
Balance, end of year683,806303,15378,5921,068,588519,967442,0243,096,130
Accumulated amortization
Balance, beginning of year130,21174,87950,372243,338170,25568,537737,592
Annual amortization25,63338,8675,644105,37317,48611,639204,642
Accumulated amortization on disposals
Balance, end of year155,844113,74656,016348,711187,74180,176942,234
Net book value of tangible capital assets527,962189,40722,576719,877332,226361,8482,153,896
2024 Net book value of tangible capital assets471,74730,83628,220579,726349,712373,4871,833,728
SubtotalLand(other)Leasehold improvements(other)Artwork(other)2025(other)2024(other)
Cost
Balance, beginning of year2,571,3202,849,422638,011-⚑6,058,7535,330,522
Acquisition of tangible capital assets524,810-⚑-⚑70,274595,084755,653
Disposal of tangible capital assets-⚑-⚑-⚑-⚑-⚑(27,422)
Balance, end of year3,096,1302,849,422638,01170,2746,653,8376,058,753
Accumulated amortization
Balance, beginning of year737,592-⚑211,863-⚑949,455693,736
Annual amortization204,642-⚑127,602-⚑332,244264,814
Accumulated amortization on disposals-⚑-⚑-⚑-⚑-⚑(9,095)
Balance, end of year942,234-⚑339,465-⚑1,281,699949,455
Net book value of tangible capital assets2,153,8962,849,422298,54670,2745,372,1385,109,298
2024 Net book value of tangible capital assets1,833,7282,849,422426,148-⚑-⚑5,109,298
Note 13Schedule 2 - Schedule of Consolidated Expenses by Object

2025 Budget (Note 14)(budget)20252024
Consolidated expenses by object
Administration8,38739,55512,131
Amortization-⚑332,244264,814
Bank charges and interest9,2895,0247,987
Contracted services194,889387,201315,960
Contribution to endowment fund-⚑-⚑75,000
Cultural and community450,675221,213350,605
Distribution to Band Members288,800277,200288,700
Food and crisis security-⚑154,217161,875
Honouraria90,000115,251114,277
Insurance57,76185,21156,671
Living allowance173,079199,524204,966
Materials and supplies93,440166,06891,371
Meeting expenses48,63216,62041,867
Miscellaneous925-⚑-⚑
Office expense85,22877,66898,475
Professional fees335,285788,559873,458
Insurance proceeds transfer-⚑130,000-⚑
Property tax11,66311,75210,952
Rent87,01999,791122,002
Repairs and maintenance91,500197,611100,596
Salaries and benefits566,380726,866577,853
Surveying and licenses-⚑16,3824,152
Training328,515298,532208,422
Travel307,030385,989418,299
Tuition128,63481,22358,180
Utilities and telephone20,40036,88027,798
[total]3,377,5314,850,5814,486,411

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.

1886 Reserve AllotmentsConcluded—

No Lawful Obligation Found

Filed 2008/10/16 · Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

Additional Lands ApplicationOther—

File Closed

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

ArtifactsConcluded—

No Lawful Obligation Found

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

Compton Island IR 6 Timber in 1936-1939Concluded—

No Lawful Obligation Found

Filed 2008/10/16 · Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

Compton Island IR 6 Timber in 1950-1954Concluded—

No Lawful Obligation Found

Filed 2008/10/16 · Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

Dead Point ReserveSettled$1,239,270

Settlement Report on Specific Claims

Settled 2007/03/21 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

IR 1 Village Island LoggingInvited to Negotiate—

Awaiting Response

Filed 2009/09/02 · Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

Kwakglala Lull BayInvited to Negotiate—

Active

Filed 2017/10/11 · Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

Logging Donkey and TimberConcluded—

No Lawful Obligation Found

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

Nalakglala (Hoeya Sound)Invited to Negotiate—

Active

Filed 2021/03/23 · Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

Prohibition of the PotlatchConcluded—

Claim Resolved through Administrative Remedy

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

Severance From Interest in IRs 2 to 4Settled$1,400,000

Settlement Report on Specific Claims

Settled 2022/11/14 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

Total reported settlements (12 claims)—

Community context

Governance

Chief
JOHN L POWELL (term to 2027-04-30)
Council
4 councillors
Election system
Custom Electoral System
Tribal council
North Island Tribal Council Society
Show council
  • BERTRAND BOUCHER Councillor
  • MAE VANESSA FLANDERS Councillor
  • WINNIE MOUNTAIN Councillor
  • BRAD PUGLAS Councillor

Reserves and location

Reserves
3 reserves
Region
BRITISH COLUMBIA · near Victoria
Show reserves
  • MAHMALILLIKULLAH 1 · 175 ha
  • APSAGAYU 1A · 1 ha
  • COMPTON ISLAND 6 · 56 ha

Population

Registered
498
On reserve
9
As of
May, 2026
Show full breakdown
  • On own reserve: 9 · 5 M / 4 F
  • On other reserves: 58 · 24 M / 34 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: 3 · 3 M / 0 F
  • Off reserve: 428 · 210 M / 218 F

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