FNFTA Insights

Beecher BayFiscal year 2024-2025

← 2023–24

First Nations / Band 640 · British Columbia

Beecher Bay

Fiscal year 2024-2025 (year-end 2025-03-31) · 277 registered · 102 on reserve

Certified source-faithful captureCompatibility analytics availableFidelity audit passedNo OCROpinion: qualifiedAuditor: not capturedReport dated 2025-11-06Prepared by: ManagementSource PDF hashed

At a glance · FY 2024-2025

Annual surplus (deficit)

$3.99M

$3,992,073

Total revenue

$11.6M

$11,578,436

Total expenses

$13.5M

$13,461,730

Accumulated surplus

$32.6M

$32,550,391

Total financial assets

$21.8M

$21,756,782

Total financial liabilities

$4.44M

$4,440,032

Net financial assets (debt)

$17.3M

$17,316,750

Total non-financial assets

$15.2M

$15,233,641

Revenue and expenses · FY 2024-2025

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

Revenue

  • Other revenue$3.58M
  • Indigenous Services Canada (ISC)$3.53M
  • First Nations Health Authority$1.51M
  • Fisheries and Oceans Canada$1.39M
  • Government of Canada$978K
  • BC Gaming Funds$313K
  • Province of B.C.$166K
  • Rental revenue$105K

Expenses

  • Community Infrastructure$7.78M
  • Economic Development$2.58M
  • Social Development$856K
  • Land Management$791K
  • Administration$686K
  • Health, Day Care and Youth Group$520K
  • Education$228K
  • Reserves – Social Housing$17.7K
  • Ottawa Trust Fund$493

Reconciliation: revenue $11.6M − expenses $13.5M = $3.99M 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———4 rowsPDF
2018-2019Posted, not captured———3 rowsPDF
2017-2018Posted, not captured———3 rowsPDF
2016-2017Posted, not captured———Posted, not capturedPDF
2015-2016Posted, not captured———Posted, not capturedPDF
2014-2015Posted, not captured———Posted, not capturedPDF
2013-2014Posted, not captured———Posted, not capturedPDF

Statements as published · FY 2024-2025

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STATEMENT OF FINANCIAL POSITION

FY 2024-2025 · PDF page 7

FA − FL = Net FA: matchedNet FA + NFA = Acc. surplus: matched
2025 Actual $2024 Actual $
Cash and cash equivalents (Note 3)n310,085,30812,979,083
Trust funds held by federal government (Note 4)n415,33414,772
Accounts receivable (Note 5)n51,339,8913,673,830
Advances to related parties (Note 6)n67,875,9444,808,753
Investment in government business enterprises (Note 7)n72,339,6752,268,346
Investment in limited partnership (Note 7)n770,63070,630
Loans receivable (Note 9)n930,00030,000
[Total Financial assets]21,756,78223,845,414
Accounts payable and accrued liabilities (Note 10)n102,779,8982,946,699
Demand loans (Note 11)n111,457,0391,519,717
Long-term debt (Note 12)n12203,095268,226
[Total Liabilities]4,440,0324,734,642
Net financial assets17,316,75019,110,772
Tangible capital assets (Note 14)n1415,074,0879,263,851
Prepaid Expenses159,554183,695
[Total Non-financial assets]15,233,6419,447,546
Accumulated surplus (Note 16)n1632,550,39128,558,318

STATEMENT OF OPERATIONS

FY 2024-2025 · PDF page 8

Rev − Exp = Surplus: matched
Budget(budget)20252024
Indigenous Services Canada (ISC)3,531,3743,531,3743,264,670
First Nations Health Authority1,511,2741,511,2742,926,911
Fisheries and Oceans Canada1,387,1241,390,270877,470
Government of Canada948,486978,4862,640,705
BC Gaming Funds312,885312,885413,192
Province of B.C.166,300166,300248,300
Rental revenue97,875104,959206,555
Other revenue3,434,2403,582,8882,377,148
Deferred revenue (ISC)-⚑-⚑5,439,245
[Total Revenue]11,389,55811,578,43618,394,196
Administration1,180,303685,795347,254
Education169,377228,433173,756
Social Development1,288,555856,109737,510
Land Management851,749790,979748,242
Economic Development4,612,6752,578,9733,577,786
Health, Day Care and Youth Group527,909520,381630,035
Ottawa Trust Fund1,0504931,633
Reserves – Social Housing-⚑17,68669,888
Community Infrastructure2,757,9407,782,8812,988,834
[Total Expenses]11,389,55813,461,7309,274,938
Surplus/(Deficit), before capital acquisition adjustment-⚑(1,883,294)9,119,258
Adjustment for capital acquisitions, Note 15n15-⚑5,875,3673,986,399
Annual surplus-⚑3,992,07313,105,657
Accumulated surplus, beginning of year-⚑28,558,31815,452,661
Accumulated surplus, end of year-⚑32,550,39128,558,318

STATEMENT OF CHANGE IN NET FINANCIAL ASSETS

FY 2024-2025 · PDF page 9

2025 Actual $2024 Actual $
Annual surplus3,992,07313,105,657
Acquisition of tangible capital assets(6,080,372)(4,201,897)
Amortization of tangible capital assets270,136306,608
[Total](1,818,163)9,210,368
Acquisition of prepaid expenses(159,554)(183,695)
Use of prepaid expenses183,695118,417
[Total]24,141(65,278)
Change in Net Financial Assets(1,794,022)9,145,090
Net Financial Assets, at beginning of year19,110,7729,965,682
Net Financial Assets, end of year17,316,75019,110,772

STATEMENT OF CASH FLOW

FY 2024-2025 · PDF page 10

2025 Actual $2024 Actual $
Annual surplus3,992,07313,105,657
Amortization of tangible capital assets270,135306,608
[Total Operating Activities]4,262,20813,412,265
Accounts receivable2,333,939(1,003,147)
Prepaid expenses24,141(65,278)
Accounts payable and accrued liabilities(166,801)2,082,046
Deferred revenue-⚑(5,439,245)
[Total Change in non-cash items on statement of financial position]6,453,4878,986,641
Cash used to acquire tangible capital assets(6,080,371)(4,201,897)
Investment in GBE(71,329)(79,378)
Advances to related parties(3,067,191)(2,560,280)
[Total Investing Activities](3,138,520)(2,639,658)
Demand loans additions-⚑1,519,717
Repayment of demand loans(62,678)(726,497)
First Nations debt repayment(65,131)(86,591)
[Total Financing Activities](127,809)706,629
Increase in cash and cash equivalents(2,893,213)2,851,715
Cash and equivalents – Beginning of year12,993,85510,142,140
Cash and equivalents – End of year10,100,64212,993,855
REPRESENTED BY: Cash and cash equivalents10,085,30812,979,083
REPRESENTED BY: Trust Funds held by federal government15,33414,772
[Total REPRESENTED BY]10,100,64212,993,855

Schedules as published

23. SEGMENTED DISCLOSURE: Schedule of Segmented OperationsPDF p. 25
AdministrationEducation(other)Social Development(other)Lands Management(other)Economic Development(other)Health, Youth and Daycare(other)Ottawa Trust Fund(other)Reserve Funds Housing(other)Community Infrastructure(other)Equity Capital Assets(other)2025 Total(other)2024 Total(other)
Revenue: ISC319,418167,3771,129,373365,662-⚑-⚑-⚑-⚑1,549,545-⚑3,531,3753,264,670
Revenue: Deferred revenue-⚑-⚑-⚑-⚑-⚑-⚑-⚑-⚑-⚑-⚑-⚑5,439,245
Revenue: Other901,3612,000159,182482,8754,756,796534,3311,05725,0051,184,454-⚑8,047,0619,579,211
Revenue: GBE's net income (loss)-⚑-⚑-⚑-⚑-⚑-⚑-⚑-⚑-⚑-⚑0111,070
[Total Revenue]1,220,779169,3771,288,555848,5374,756,796534,3311,05725,0052,733,999-⚑11,578,43618,394,196
Expenses: Salaries, wages & benefits304,31025,137177,562189,124747,878151,463-⚑-⚑144,248-⚑1,739,7221,612,856
Expenses: Social Development-⚑-⚑492,008-⚑-⚑-⚑-⚑-⚑-⚑-⚑492,008542,308
Expenses: Amortization-⚑-⚑-⚑-⚑-⚑-⚑-⚑-⚑-⚑270,135270,135306,608
Expenses: Other Program Expenses381,485203,296186,539601,8581,831,095368,91849317,6867,638,633-⚑11,230,0037,119,775
Expenses: Equity Capital - Note 15n15-⚑-⚑-⚑-⚑-⚑-⚑-⚑-⚑-⚑(6,145,505)(6,145,505)(4,293,007)
[Total Expenses]685,795228,433856,109790,9822,578,973520,38149317,6867,782,881(5,875,370)7,586,3635,288,540
Annual surplus (deficit)534,984(59,056)432,44657,5552,177,82313,9505647,319(5,048,882)5,875,3703,992,07313,105,656

Notes to the financial statements

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

Note 2Amortization

Rate
Housing
Office building
Furniture and equipment
Water system chlorinator
Vehicle
Sewer systems
Marina equipment
Application software
Boat and Canoe
Note 3CASH AND CASH EQUIVALENTS

2025 $2024 $
Operating Reserve – CMHC Housing90,77388,445
Replacement Reserve – CMHC Housing292,900284,723
Property Taxation Contingency Reserve82,33157,700
[Total Externally restricted]466,004430,868
Cash and banks9,619,30412,548,215
Total Cash and Cash Equivalents10,085,30812,979,083
Note 4TRUST FUNDS HELD BY FEDERAL GOVERNMENT

Opening Balance $Additions $(other)Withdrawals $(other)2025 Total $(other)2024 Total $(other)
Revenue2501,057495812250
Capital14,522-⚑-⚑14,52214,522
[Total]14,7721,05749515,33414,772
Note 5ACCOUNTS RECEIVABLE

2025 $2024 $
Due from members: Members advances4,0786,532
Due from others: Others receivable460,088308,133
Due from funding organizations: CSETS66,42692,730
Due from funding organizations: Canada Ltd. Partnership172,140172,140
Due from funding organizations: Department of Fisheries and Oceans13,231438,640
Due from funding organizations: Environment and Climate Change Canada100,000100,000
Due from funding organizations: Govt of Canada Natural Resources22,8551,922,855
Due from funding organizations: Indigenous Services Canada280,632-⚑
Due from funding organizations: Nil’To Child and Family Services-⚑300,000
Due from funding organizations: Transport Canada PEMSA551,800332,800
[Total Due from funding organizations]1,207,0843,359,165
Less: allowance for funding recoveries(331,359)-⚑
[Total]1,339,8913,673,830
Note 6ADVANCES TO RELATED PARTIES

2025 $2024 $
1106670 BC Ltd (Centre Mountain Joint Venture)2,526,346546,492
CMBP Project Management Ltd.954,379954,379
Sc’ianew Development Corporation141,534117,309
Spirit Bay Development LLP1,948,1031,534,006
Spotiel Marine Services2,305,5821,633,498
M’inuw’ilum Marina LP-⚑23,069
[Total]7,875,9444,808,753
Note 7INVESTMENT IN GOVERNMENT BUSINESS ENTERPRISES AND LIMITED PARTNERHIPS

2025 $2024 $
Government Business Enterprise: Salish Strait Seafood Ltd.796,024724,695
Government Business Enterprise: 1106670 B.C. Ltd.507,197507,197
Government Business Enterprise: Sc’ianew Development Corporation1,036,4541,036,454
[Total Government Business Enterprise]2,339,6752,268,346
Limited Partnership: M’inuw’ilum Marina LP70,63070,630
Note 8INVESTMENT IN GOVERNMENT BUSINESS ENTERPRISES

AssetsLiabilities(other)Revenues(other)Expenses(other)Capital(other)
Year ended Mar 31/254,711,827731,7091,802,1061,328,1183,980,118
Note 9LOANS RECEIVABLE

2025 $2024 $
Spirit Bay Developments Limited Partnership3,200,0003,200,000
Less: Allowance for loan impairment(3,200,000)(3,200,000)
[Total Spirit Bay Developments Limited Partnership]
Sc’ianew Development Corporation30,00030,000
[Total]30,00030,000
Note 10ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

2025 $2024 $
Accounts payable and accrued liabilities1,827,9052,827,348
Due to MMLP (flow-through from Kotug Canada)312,461-⚑
Holdbacks609,08076,118
Due to government agencies30,45243,233
[Total]2,779,8982,946,699
Note 11DEMAND LOANS

2025 $2024 $
Vancity operating loan is payable at $6,700 per month including interest at prime plus 1.5% per annum and is secured by a general security agreement.690,872716,392
Vancity operating loan is payable at $8,200 per month including interest at prime plus 1.5% per annum and is secured by a general security agreement.766,167803,325
[Total]1,457,0391,519,717
Note 12LONG TERM DEBT

2025 $2024 $
CMHC Phase 1 housing loan is secured by a guarantee from ISC, payable at $1,918 per month including principal and interest at .76% per annum, matures on November 1, 202515,31038,132
CMHC Phase 2 housing loan is secured by a guarantee from ISC, payable at $2,146 per month including principal and interest at 3.58% per annum, matures on December 1, 2028 and is renewable on December 1, 202890,543112,731
CMHC Phase 3 housing loan is secured by a guarantee from ISC, payable at $2,792 per month including principal and interest at 1.69% per annum, matures on July 1, 2024 and is renewable on July 1, 2024-⚑11,141
CMHC Phase 4 housing loan is secured by a guarantee from ISC, payable at $806 per month including principal and interest at .68% per annum, matures on August 1, 2035 and is renewable on August 1, 202597,242106,222
[Total]203,095268,226
Amount
202647,545
202732,784
202833,777
202928,409
20309,288
Note 14TANGIBLE CAPITAL ASSETS

Opening BalanceAdditions(other)Closing Balance(other)Opening Balance(other)Amortization(other)Closing Balance(other)2025 Balance(other)2024 Balance(other)
Housing2,612,632-⚑2,612,6322,451,24043,7592,494,999117,633161,392
Community Bldgs2,918,3916,086,3939,004,784189,17432,601221,7758,783,0092,729,217
Furniture & equip441,539-⚑441,539190,95642,656233,612207,927250,583
Water chlorinator101,621-⚑101,62170,4233,38773,81027,81131,198
Vehicle310,155-⚑310,155138,04028,855166,895143,260172,115
Infrastructure dev2,298,10831,5212,329,629-⚑-⚑-⚑2,329,6292,298,108
Subdivision dev164,675416,737581,412-⚑-⚑-⚑581,412164,675
Water system dev1,117,472230,2681,347,740-⚑-⚑-⚑1,347,7401,117,472
Sewer systems1,334,235-⚑1,334,2351,334,235-⚑1,334,235-⚑-⚑
Marina equipment523,293-⚑523,293285,45230,643316,095207,198237,841
Marine equipment231,876-⚑231,876-⚑-⚑-⚑162,312185,500
Application software191,591-⚑191,591126,55830,176156,73434,85765,033
Boat and canoe2,066,525(684,549)1,381,976215,80834,870250,6781,131,2981,850,717
TOTALS14,312,1136,080,37020,392,4835,048,262270,1355,318,39715,074,0869,263,851
Note 16ACCUMULATED SURPLUS

2025 $2024 $
Operation surplus16,971,41518,867,028
Reserve Funds593,196580,877
Investment in Tangible Capital Assets14,985,7809,110,413
[Total]32,550,39128,558,318
Note 22EXPENSES BY OBJECT

2025 $2024 $
Amortization270,135306,608
Band member support959,063-⚑
Community gatherings/luncheons26,45028,452
Culture awareness7,26618,505
Education181,378132,964
Funding recovery (ISC vessel purchase prior year)521,359-⚑
Honoraria172,343223,268
Insurance68,29560,253
Interest, principal repayment and bank charges79,937103,694
Materials, supplies and equipment163,21278,120
Other347,023681,488
Professional fees921,632657,802
Repairs and maintenance31,09350,906
Salaries and wages1,739,7721,612,856
Social development492,008542,308
Sub-contracts1,115,646337,848
Training12,81923,350
Travel135,719108,316
Utilities (hydro, water, sewer)341,213321,801
[Total]7,586,3635,288,539

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.

Albert Head 1892 SurrenderUnder Assessment—

Justice Department Preparing Legal Opinion

Filed 2025/06/25 · Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

Alienation of 1.5 acres / Partial Lot 49Settled$2,989,020

Settlement Report on Specific Claims

Settled 2019/02/14 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

BC Cut-Off Lands (SPLIT #02)Settled$200,000

Settlement Report on Specific Claims

Settled 1984/11/03 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

Creyke Point Village SiteInvited to Negotiate—

Active

Filed 2020/03/17 · Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

Rocky Islets and Land Opposite Sec. 1Settled$645,298

Settlement Report on Specific Claims

Settled 2018/02/08 · Source: Settlement Report on Specific Claims · as of 2026/06/19 ISC source

Rocky Point Village SiteInvited to Negotiate—

Active

Filed 2015/02/23 · Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

Witty’s LagoonInvited to Negotiate—

Active

Filed 2020/06/09 · Source: Status Report on Specific Claims · as of 2026/06/19 ISC source

Total reported settlements (7 claims)—

Community context

Governance

Chief
RUSS CHIPPS (term to 2027-10-08)
Council
2 councillors
Election system
First Nations Elections Act
Tribal council
None recorded
Show council
  • TRACI PATEMAN Councillor
  • SHEEBA SAWYER Councillor

Reserves and location

Reserves
8 reserves
Region
BRITISH COLUMBIA · near Victoria
Show reserves
  • BECHER BAY 1 · 263 ha
  • BECHER BAY 2 · 146 ha
  • LAMB ISLAND 5 · 0 ha
  • FRASER ISLAND 6 · 9 ha
  • VILLAGE ISLAND 7 · 2 ha
  • WHALE ISLAND 8 · 1 ha
  • LONG NECK ISLAND 9 · 3 ha
  • TWIN ISLAND 10 · 0 ha

Population

Registered
277
On reserve
102
As of
May, 2026
Show full breakdown
  • On own reserve: 102 · 49 M / 53 F
  • On other reserves: 12 · 7 M / 5 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: 163 · 73 M / 90 F

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