{"id":3881,"date":"2020-03-17T03:38:54","date_gmt":"2020-03-17T03:38:54","guid":{"rendered":"http:\/\/www.firstnationstrust.com\/fnt_wp\/?page_id=3881"},"modified":"2020-03-18T19:15:42","modified_gmt":"2020-03-18T19:15:42","slug":"a-commitment-to-first-nations-development","status":"publish","type":"page","link":"https:\/\/www.firstnationstrust.com\/fnt_wp\/?page_id=3881","title":{"rendered":"A Commitment to First Nations Development"},"content":{"rendered":"

[vc_row content_placement=”middle” css=”.vc_custom_1575390546273{padding-top: 55px !important;padding-bottom: 55px !important;}”][vc_column][vc_row_inner][vc_column_inner width=”1\/2″ css=”.vc_custom_1583533464473{margin-bottom: 45px !important;border-right-width: 3px !important;padding-top: 30px !important;padding-bottom: 30px !important;border-right-color: #c2000b !important;border-right-style: solid !important;}” offset=”vc_col-lg-offset-0 vc_col-md-offset-0 vc_col-sm-offset-0 vc_col-xs-6″][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=”yes” content_placement=”middle”][vc_column_inner width=”1\/2″ css=”.vc_custom_1583461194078{margin-top: 30px !important;margin-right: 25px !important;margin-bottom: 30px !important;margin-left: 25px !important;padding-top: 40% !important;padding-bottom: 40% !important;background-image: url(http:\/\/www.firstnationstrust.com\/fnt_wp\/wp-content\/uploads\/2020\/03\/sliderbknd2.jpg?id=3757) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][\/vc_column_inner][vc_column_inner width=”1\/2″ css=”.vc_custom_1575390506246{margin-top: 30px !important;margin-bottom: 30px !important;}”]

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Net Profits<\/h1><\/div><\/div>[vc_column_text]The First Nations share of the net profits from gaming is currently distributed to the First Nations Trust through the Saskatchewan Ministry of Government Relations.
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First Nations Run Casinos<\/h1><\/div><\/div>[vc_column_text]The casinos operating under the Saskatchewan Indian Gaming Authority contribute 50 percent of the net profits from gaming in the following casinos:<\/p>\n

\u2022 Bear Claw Casino
\n\u2022 Dakota Dunes Casino
\n\u2022 Gold Eagle Casino
\n\u2022 Living Skies Casino
\n\u2022 Northern Lights Casino
\n\u2022 Painted Hand Casino[\/vc_column_text]

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Provincial Government Casinos<\/h1><\/div><\/div>[vc_column_text]<\/p>\n
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There are currently two Casinos operated by the SaskGaming Corporation that contribute to the First Nations Trust:<\/p>\n

\u2022 Casino Moose Jaw \u2022 Casino Regina<\/p>\n

The portion of the net-profits contributed to the First Nations Trust from the two SaskGaming-run casinos was 25 percent of their net annual revenues.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row equal_height=”yes” css=”.vc_custom_1575461767578{padding-top: 60px !important;padding-bottom: 70px !important;}”][vc_column css=”.vc_custom_1575458048778{padding-bottom: 55px !important;}”][vc_row_inner][vc_column_inner width=”1\/2″ css=”.vc_custom_1583533464473{margin-bottom: 45px !important;border-right-width: 3px !important;padding-top: 30px !important;padding-bottom: 30px !important;border-right-color: #c2000b !important;border-right-style: solid !important;}” offset=”vc_col-lg-offset-0 vc_col-md-offset-0 vc_col-sm-offset-0 vc_col-xs-6″][\/vc_column_inner][\/vc_row_inner]

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Net Profits Received<\/h2><\/div>
By the First Nations Trust 2018-2019<\/div><\/div>[vc_column_text]The contributions to the First Nations Trust transfer from the Ministry of Government Relations to the First Nations Trust. Funds are provided to the FNT in four regular quarterly distributions and an annual reconciliation.<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row equal_height=”yes” css=”.vc_custom_1575461767578{padding-top: 60px !important;padding-bottom: 70px !important;}”][vc_column css=”.vc_custom_1575458048778{padding-bottom: 55px !important;}”][vc_row_inner][vc_column_inner width=”1\/2″ css=”.vc_custom_1583533464473{margin-bottom: 45px !important;border-right-width: 3px !important;padding-top: 30px !important;padding-bottom: 30px !important;border-right-color: #c2000b !important;border-right-style: solid !important;}” offset=”vc_col-lg-offset-0 vc_col-md-offset-0 vc_col-sm-offset-0 vc_col-xs-6″][\/vc_column_inner][\/vc_row_inner]

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Beneficiary Reports to the First Nations Trust<\/h2><\/div>
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<\/div><\/div>[vc_column_text]Beneficiaries are required to report to the First Nations Trust each fiscal year. Before the end of the fiscal year each First Nation and Designated Beneficiary is reminded of their reporting requirements. Each beneficiary must provide their audited Schedule concerning funds received from the First Nations Trust. These Schedules outline how the funds received from the Trust were used.<\/p>\n

Each beneficiary must also provide an Auditor\u2019s opinion that confirms that funds were expended by the beneficiary in accordance with the \u201cPermitted Purposes\u201d set out in S. 5.01 of the Trust Indenture.
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