RONALD GIESBRECHT

Chief

GEORGE CHAFFEE

Councillor

JOHN PETERS

Councillor

Gibby Smith

COMMUNITY SERVICES: Community Driver/Program Support

Theresa Boyce

COMMUNITY SERVICES: Community Infrastructure Manager

Nina Samborski

COMMUNITY SERVICES: Community Wellness Coordinator

Nancy Joe

COMMUNITY SERVICES: Cultural Coordinator

Kristina Joe

COMMUNITY SERVICES: Cultural Programs Coordinator

Tina Rudy

COMMUNITY SERVICES: Director - Community Services

Nicole Durand

COMMUNITY SERVICES: Education Program Coordinator

Wilma Lady

COMMUNITY SERVICES: Housing Coordinator

Jay Mendoza

COMMUNITY SERVICES: Maintenance Supervisor

Reaman Miller

Chief Administrative Officer (CAO)

GOVERNANCE: Chief Administrative Officer (CAO)

Sue Lizotte

LAND GOVERNANCE: Director

Raven Louie

LAND GOVERNANCE: Executive Assistant, Land Governance

Yasmin Atwal

LAND GOVERNANCE: Land Governance Registrar

Joseph Tootoosis

LAND GOVERNANCE: Strategic Alignment Officer

Jessica Blesch

LANDS AND RESOURCES: Archaeology & Guardian Manager

Lance Myers

LANDS AND RESOURCES: Director – Lands and Resources

Francesca Fogliata

LANDS AND RESOURCES: Environmental and Stewardship Manager

Matt Lim

LANDS AND RESOURCES: GIS Specialist

Tom Weegar

LANDS AND RESOURCES: Lead Negotiator

Hailey Lavoie

LANDS AND RESOURCES: Project Coordinator – Referrals & Stewardship

Rodney Lee

LANDS AND RESOURCES: Project Coordinator, Fisheries and Hatchery

Maryam Amini

LANDS AND RESOURCES: Project Coordinator, Referrals

Tina Ginzburg

LANDS AND RESOURCES: Reconciliation Coordinator

David Price

LANDS AND RESOURCES: Referrals Administrative Assistant

Sarah Westbury

LANDS AND RESOURCES: Referrals Manager

Curtis Fullerton

LANDS AND RESOURCES: Strategic Initiatives Coordinator

Wanita Heiberg-Reid

OPERATIONS AND ADMINISTRATION: Administration Assistant/IRA

Reaman Miller

OPERATIONS AND ADMINISTRATION: Chief Administrative Officer (CAO)

Karen Nagra

OPERATIONS AND ADMINISTRATION: Chief Financial Officer (CFO)

Gloria Matos

OPERATIONS AND ADMINISTRATION: Executive Assistant to Chief and Council

Doreen Mutwiri

OPERATIONS AND ADMINISTRATION: Finance Manager

Tanja Maric

OPERATIONS AND ADMINISTRATION: Human Resources Manager

Jade Mroczkowski

OPERATIONS AND ADMINISTRATION: Receptionist

Allison Baker

OPERATIONS AND ADMINISTRATION: Technology, Records & Information Management Specialist

General Band Office

Main Office Contact

Media Contact

Press & Media Inquiries

Referrals Contact

Consultation & Referrals

KWIKWETLEM 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 MNP LLP.

================================================================================

EXECUTIVE SUMMARY

Kwikwetlem First Nation generated total revenue of $13,385,785, up 84.3% from
the prior year (restated), driven by significant increases in economic activity
income and BC Hydro revenue. The Nation achieved an annual surplus of $338,961
compared to a deficit of $2,005,948 in the prior year (restated). Accumulated
surplus increased 2.8% to $12,649,081. Net debt improved from $1,348,748 to
$1,054,172 despite $599,567 in capital investments. Cash reserves increased
11.1% to $8,990,544. Long-term debt rose 9.7% to $6,351,900, primarily from BC
Housing construction financing. The Nation operates diverse revenue streams
including property taxes, rental income, and gaming revenue sharing, with
economic activity contributing 36.9% of total revenue. Business entity losses
totaled $1,396,193, down from $5,995,287 in the prior year, indicating improved
operational performance. The Nation maintains a solid financial foundation with
strong asset growth and reduced operating losses.

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FINANCIAL POSITION

Total Assets: $28,591,225
- Financial Assets: $14,887,973 (includes Cash: $8,990,544)
- Tangible Capital Assets: $13,684,212
- Prepaid Expenses: $19,041

Total Liabilities: $15,942,145
- Long-term Debt: $6,351,900
- Deficit in Nation Business Entities: $4,577,651
- Accounts Payable: $3,309,255
- Deferred Revenue: $1,000,000
- Promissory Notes Payable: $572,659
- Security Deposits: $130,680

Net Financial Assets: ($1,054,172) (improved from $1,348,748 debt prior year)
Accumulated Surplus: $12,649,081 (up 2.8% from prior year)

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REVENUE & OPERATIONS

Total Revenue: $13,385,785 (up 84.3% from prior year, restated)

Major Revenue Sources:
- Economic Activity and Other Income: $4,941,638 (36.9%)
- Province of British Columbia: $3,170,626 (23.7%)
- Indigenous Services Canada: $1,456,377 (10.9%)
- Government of Canada: $1,557,818 (11.6%)
- Rental Income: $1,039,321 (7.8%)
- BC Hydro: $913,993 (6.8%)
- BC Housing: $341,994 (2.6%)
- Property Tax Revenue: $284,313 (2.1%)
- BC First Nations Gaming Revenue Sharing LP: $282,114 (2.1%)
- Interest Income: $250,847 (1.9%)
- First Nations Health Authority: $147,165 (1.1%)
- New Relationship Trust: $150,403 (1.1%)
- Canada Mortgage and Housing Corporation: $98,068 (0.7%)
- Other Revenue: $150,448 (1.1%)
- Loss from Nation Business Entities: ($1,396,193) (-10.4%)

Total Expenditures: $13,046,824 (up 22.0% from prior year, restated)

Major Program Expenditures:
- Band Support: $5,348,298 (41.0%)
- Land Governance: $2,058,905 (15.8%)
- Lands and Resources: $2,270,312 (17.4%)
- Community Services: $1,585,260 (12.2%)
- Housing: $1,261,049 (9.7%)
- Capital Fund: $523,000 (4.0%)

Annual Surplus: $338,961 (compared to deficit of $2,005,948 prior year)
Operating Margin: 2.5%

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KEY FINANCIAL METRICS

- Financial Assets to Liabilities Ratio: 0.93:1
- Debt-to-Assets Ratio: 22.2%
- Self-Generated Revenue: 89.1% of total
- Cash Reserves: 8.3 months of operating expenses
- Business Entity Losses: $1,396,193 from partnerships and enterprises

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CHIEF & COUNCIL REMUNERATION

Name Position Remuneration Expenses Total
------------------------------------------------------------------------------
Ron Giesbrecht Chief $109,589 $2,158 $111,747
George Chaffee Councillor $116,092 $312 $116,404
John Peters Councillor $107,579 $2,930 $110,509

Total Governance Compensation: $338,660 (2.5% of total revenue)

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Source: Audited consolidated financial statements, MNP LLP, July 29, 2025