LEONA SAM

Councillor

ANGIE BAILEY

Hereditary Chief

Alicia George-Bailey

Lands Manager

AITCHELITZ FIRST NATION FINANCIAL SUMMARY
Fiscal Year 2024-2025 (Ending March 31, 2025)

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DISCLAIMER: This financial summary was generated using artificial intelligence
based on publicly available audited financial statements and has been reviewed
by a human analyst. While care has been taken to ensure accuracy, users should
verify critical information against the original audited financial statements
prepared by Manning Elliott LLP.

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EXECUTIVE SUMMARY

Aitchelitz First Nation achieved revenue of $10.0M (up 270%) and an annual
surplus of $8.2M (up 576%), resulting in accumulated surplus of $26.5M and net
financial assets of $21.4M. Cash holdings increased 75% to $17.3M while debt
decreased 4% to $865K. The Nation demonstrated significant government funding
growth through Indigenous Services Canada ($7.5M, up 2,003% from $357K),
representing a fundamental shift in funding relationships. With business
partnerships generating $614K in income and investment income of $611K, the
Nation achieved an 82% operating margin. The strong financial position reflects
major program expansion and infrastructure investment capacity.

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FINANCIAL POSITION

Total Assets: $28,357,754
- Financial Assets: $23,224,974 (includes Cash: $17,298,903)
- Tangible Capital Assets: $5,095,026
- Prepaid Expenses and Deposits: $37,754

Total Liabilities: $1,847,407
- Long-term Debt: $864,665
- Minors Trust Fund: $505,893
- Accounts Payable: $471,349
- Deposits: $5,700

Net Financial Assets: $21,377,567 (up 59.8% from prior year)
Accumulated Surplus: $26,510,347 (up 44.7% from prior year)

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REVENUE & OPERATIONS

Total Revenue: $10,032,029 (up 270.2% from prior year)

Major Revenue Sources:
- Indigenous Services Canada: $7,513,941 (74.9%)
- Income from Government Business Partnerships: $614,347 (6.1%)
- Investment/Interest Income: $610,540 (6.1%)
- Gaming Revenue: $256,306 (2.6%)
- Property Tax Revenue: $126,746 (1.3%)
- CMHC: $122,977 (1.2%)
- Rental Income: $101,460 (1.0%)
- First Nation Education Steering Committee: $90,291 (0.9%)
- Other: $445,595 (4.4%)
- Income from Government Business Enterprises: $49,852 (0.5%)
- BC Aboriginal Child Care Society: $50,000 (0.5%)
- First Nation Health Authority: $44,412 (0.4%)
- Sto:lo Service Agency Society: $5,562 (0.1%)

Total Expenditures: $1,843,839 (up 23.1% from prior year)

Major Program Expenditures:
- Housing, Community Planning and Projects: $985,074 (53.4%)
- Administration: $381,483 (20.7%)
- Community Maintenance: $103,182 (5.6%)
- Property Taxation: $89,687 (4.9%)
- Social Housing: $59,116 (3.2%)
- Amortization: $225,297 (12.2%)

Annual Surplus: $8,182,040 (up 575.4% from prior year)
Operating Margin: 81.6%

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KEY FINANCIAL METRICS

- Financial Assets to Liabilities Ratio: 12.57:1
- Debt-to-Assets Ratio: 3.0%
- Self-Generated Revenue: 25% of total
- Cash Reserves: 113 months of operating expenses
- Business Entity Profits: $664K from partnerships and enterprises

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CHIEF & COUNCIL REMUNERATION

Name Position Remuneration Expenses Total
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Angie Bailey Chief $119,053 $65,082 $184,135
Leona Sam Councillor $88,301 $18,452 $106,753

Total Governance Compensation: $290,888 (2.90% of total revenue)

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Source: Audited consolidated financial statements, Manning Elliott LLP, August 12, 2025