FNFTA Insights

Liidlii Kue First NationFiscal year 2024-2025

← 2023–24

First Nations / Band 757 · Northwest Territories

Liidlii Kue First Nation

Fiscal year 2024-2025 (year-end 2025-03-31) · 1,433 registered · 1 on reserve · Deh Cho First Nations

Certified source-faithful captureCompatibility analytics availableFidelity audit passedNo OCROpinion: qualifiedAuditor: MNP LLPReport dated 2026-01-21Prepared by: ManagementSource PDF hashed

At a glance · FY 2024-2025

Annual surplus (deficit)

-$763K

-$763,499

Total revenue

$6.64M

$6,638,973

Total expenses

$7.08M

$7,078,747

Accumulated surplus

$4.39M

$4,394,777

Total financial assets

$8.47M

$8,466,763

Total financial liabilities

$8.72M

$8,717,361

Net financial assets (debt)

-$251K

-$250,598

Total non-financial assets

$4.65M

$4,645,375

Revenue and expenses · FY 2024-2025

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

Revenue

  • Revenue deferred in prior year$3.48M
  • Government of Northwest Territories$2.36M
  • Government of Canada$2.25M
  • Indigenous Services Canada$1.97M
  • Other$1.69M
  • Dehcho First Nations$871K
  • Revenue deferred to subsequent year-$5.99M

Expenses

  • Government of Northwest Territories$2.93M
  • Government of Canada$2.48M
  • Indigenous Services Canada$609K
  • Dehcho First Nation$431K
  • Liidlii Kue Society$381K
  • Other$250K

Reconciliation: revenue $6.64M − expenses $7.08M = -$763K deficit

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
2024-2025viewingViewViewViewView11 rowsPDF
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———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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Consolidated Statement of Financial Position

FY 2024-2025 · PDF page 3

FA − FL = Net FA: matchedNet FA + NFA = Acc. surplus: matched
20252024 (Restated)
Financial assets
Cash (Note 4)n42,997,5292,914,387
Accounts receivable (Note 5)n53,792,2282,132,259
Investments (Note 6)n61,677,0062,000,731
[total financial assets]8,466,7637,047,377
Liabilities
Accounts payable and accruals (Note 7)n72,244,102901,421
Deferred revenue (Note 8)n85,985,6343,434,809
Long-term debt (Note 9)n9487,625156,250
[total liabilities]8,717,3614,492,480
Net financial assets (net debt)(250,598)2,554,897
Non-financial assets
Tangible capital assets (Schedule 1)4,600,1642,333,892
Prepaid expenses45,211269,487
[total non-financial assets]4,645,3752,603,379
Accumulated surplus4,394,7775,158,276

Consolidated Statement of Operations

FY 2024-2025 · PDF page 4

Rev − Exp = Surplus: matched
Schedules(other)20252024 (Restated)
Revenue
Indigenous Services Canada (Note 13)n13⚑1,966,8581,928,901
Government of Northwest Territories⚑2,357,0142,057,942
Government of Canada⚑2,254,655880,020
Dehcho First Nations⚑871,379660,370
Other⚑1,689,8921,156,480
Revenue deferred in prior year (Note 8)n8⚑3,484,8092,749,414
Revenue deferred to subsequent year (Note 8)n8⚑(5,985,634)(3,484,809)
[total revenue]⚑6,638,9735,948,318
Segment expenses
Indigenous Services Canada4608,5781,764,350
Government of Northwest Territories52,926,6463,108,395
Other6250,417290,059
Dehcho First Nation7431,385487,148
Government of Canada82,480,583661,438
Liidlii Kue Society9381,138228,698
Total segment expenses (Schedule 2)⚑7,078,7476,540,088
Deficit before other items⚑(439,774)(591,770)
Other items
Loss on investments (Schedule 11)⚑(323,725)(195,835)
Annual deficit⚑(763,499)(787,605)

Statement of Accumulated Surplus

FY 2024-2025 · PDF page 5

20252024 (Restated)
Accumulated surplus, beginning of year, as previously stated4,074,6084,806,285
Correction of an error (Note 3)n31,083,6681,139,596
Accumulated surplus, beginning of year, as restated5,158,2765,945,881
Annual deficit(763,499)(787,605)
Accumulated surplus, end of year4,394,7775,158,276

Consolidated Statement of Change in Net Financial Assets (Net Debt)

FY 2024-2025 · PDF page 6

20252024 (Restated)
Annual deficit(763,499)(787,605)
Purchases of tangible capital assets(2,455,593)(15,882)
Amortization of tangible capital assets189,32197,512
Use of prepaid expenses224,276783,199
Change in net financial assets (net debt)(2,805,495)77,224
Net financial assets, beginning of year2,554,8972,477,673
Net financial assets (net debt), end of year(250,598)2,554,897

Consolidated Statement of Cash Flows

FY 2024-2025 · PDF page 7

20252024 (Restated)
Cash provided by (used for) the following activities
Operating activities
Annual deficit(763,499)(787,605)
Amortization189,32197,512
Loss on investments323,725195,835
[subtotal](250,453)(494,258)
Changes in working capital accounts
Accounts receivable(1,659,969)(1,117,038)
Prepaid expenses224,276783,199
Accounts payable and accruals1,342,681(207,133)
Deferred revenue2,550,825715,393
[total operating activities]2,207,360(319,837)
Financing activities
Advances of long-term debt372,000-⚑
Repayment of long-term debt(40,625)(91,042)
[total financing activities]331,375(91,042)
Capital activities
Purchases of tangible capital assets(2,455,593)(15,882)
Increase (decrease) in cash resources83,142(426,761)
Cash resources, beginning of year2,914,3873,341,148
Cash resources, end of year2,997,5292,914,387

Notes to the financial statements

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

Note 2Significant accounting policies (Amortization)

Rate
Buildings
Heavy equipment
Automotive equipment
Furniture and equipment
Small tools
Note 3Correction of error

Previously stated(budget)CorrectionRestated
As at March 31, 2024
Deferred contributions - liability$1,083,668($1,083,668)$0
Accumulated surplus$4,074,608$1,083,668$5,158,276
For the year-ended March 31, 2024
Amortization of deferred contributions - revenue$55,928($55,928)$0
Annual deficit($731,677)($55,928)($787,605)
Accumulated surplus, beginning of year$4,806,285$1,139,596$5,945,881
Accumulated surplus, end of year$4,074,608$1,083,668$5,158,276
Note 4Cash

20252024
Cash in bank1,242,849930,501
GIC951,9871,430,886
Petty cash1081,000
Undaa Gogha Trust802,585552,000
[total]2,997,5292,914,387
Note 5Accounts receivable

20252024
Trade receivable565,914320,741
Government of Canada2,287,082689,400
Indigenous Services Canada353,854597,537
Government of Northwest Territories613,137521,841
Dehcho First Nation177,794269,400
Goods and Services Tax133,62973,431
Due from Nogha Enterprises Ltd.656,804656,804
Due from 507409 NWT Ltd.819,651819,651
[subtotal]5,607,8653,948,805
Less: Allowance for doubtful accounts1,815,6371,816,546
[total]3,792,2282,132,259
Note 6Investments

20252024
Measured at cost:
Deh Cho Helicopters Regional Limited Partnership - 14.3%5,0005,000
Modified equity method:
Investment in Nogha Enterprises Ltd. (Schedule 10)2,147,4412,018,559
Investment in 507409 NWT Ltd. (Schedule 10)(475,435)(22,828)
[subtotal modified equity]1,672,0061,995,731
[total]1,677,0062,000,731
Note 7Accounts payable and accruals

20252024
Trade payables2,092,861713,296
Wages payable128,394180,739
Committed funds18,8693,408
Contributions payable3,9783,978
[total]2,244,102901,421
Note 8Deferred revenue

20252024
Government of Canada4,111,4422,437,104
Government of Northwest Territories885,708521,009
Decho First Nations650,258387,778
The Four Pillars Society200,000-⚑
Other138,226138,918
[total]5,985,6343,484,809
Note 9Long-term debt

20252024
Term loan payable in monthly instalments of $3,125 including interest at prime (4.95%) plus 1.00% per annum, due April 2028, secured by a General Security Agreement and guarantee from Liidlii Kue First Nation.115,625156,250
Term loan payable in monthly instalments of $1,240 plus interest at prime (4.95%) plus 1.50% per annum, due May 2029, secured by a General Security Agreement and guarantee from Liidlii Kue Society.372,000-⚑
[subtotal]487,625156,250
Less: current portion52,00040,625
[total]435,625115,625
Amount
202652,000
202752,000
202852,000
202918,000
2030313,625
Note 11Commitments

Amount
2026$3,220
2027$3,220
2028$3,220

Chief and council pay · FY 2024-2025

11 certified rows

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

PositionNameRemunerationExpensesTotal
CouncillorAlger William$600$0$600
CouncillorBeaulieu Olinto$450$0$450
CouncillorBianca Gargan$3,875$0$3,875
CouncillorBrandon Joseph Bugghins$2,050$0$2,050
CouncillorBrian Martineau$3,100$0$3,100
CouncillorDennis Deneyoua$2,200$0$2,200
CouncillorEric Menicoche$1,300$0$1,300
CouncillorJames Tsetso$5,450$0$5,450
CouncillorJim Antoine$4,025$7,904$11,929
ChiefKele Antoine$112,031$37,095$149,126
CouncillorNathan McPherson$3,150$0$3,150

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: pdf text v2). 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
KELE CHARLES ANTOINE (term to 2027-07-11)
Council
8 councillors
Election system
Custom Electoral System
Tribal council
Deh Cho First Nations
Show council
  • JAMES LAWRENENCE ANTOINE Councillor
  • JOSEPH DENNIS DENEYOUA Councillor
  • BIANCA AMANDA GARGAN Councillor
  • JOSANNE ROSE CATHERINE KENNY Councillor
  • BRIAN JASON MARTINEAU Councillor
  • NATHAN WARREN MCPHERSON Councillor
  • ERIC MENICOCHE Councillor
  • JAMES GRIERSON TSETSO Councillor

Reserves and location

Reserves
1 reserves
Region
NORTHWEST TERRITORIES
Show reserves
  • FORT SIMPSON SETTLEMENT

Population

Registered
1,433
On reserve
1
As of
May, 2026
Show full breakdown
  • On own reserve: 1 · 1 M / 0 F
  • On other reserves: 2 · 2 M / 0 F
  • On own Crown land: 759 · 391 M / 368 F
  • On other band Crown land: 7 · 0 M / 7 F
  • On no band Crown land: 2 · 1 M / 1 F
  • Off reserve: 662 · 330 M / 332 F

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