On behalf of the Board of Trustees for the First Nations Trust, I am pleased to present the 2018-2019 Annual Report. The Annual Report covers all operations of the Trust for the fiscal period April 1, 2018 to March 31, 2019. This marks the 16th consecutive unqualified annual audit since the Trust’s creation on May 26, 2003.
During this fiscal year, the First Nations Trust received $54.51 million dollars to distribute among our beneficiaries. This was comprised of $41.03 million from Saskatchewan Indian Gaming Authority casinos, $11.23 million from SaskGaming casinos
and $2.25 million which is allocated to First Nations Addictions Rehabilitation Foundation.
As Trustees, we take seriously our responsibility of fiscal openness, accountability and transparency and fulfilling our fiduciary responsibility to our beneficiaries – the First Nations of Saskatchewan. That is why we are proud to fulfill our mandate of audit confirmations and oversight while maintaining efficient operations. With focused diligence of our staff and the commitment of all Trustees to deal with matters in a timely, cost-effective manner, we are able to maximize the funds available for distribution to our beneficiaries.
We would like to thank the Leaders and staff of all the First Nations in Saskatchewan for their continued compliance with the Trust Indenture and Trust policies and procedures and we look forward to working with them for many years to come.
Sheila C. Sutherland Chairperson