ABORIGINAL AFFAIRS AND NORTHERN DEVELOPMENT CANADA PROVIDES A GENERAL ASSESSMENT ON MFN FOR 2014-2015…The General Assessment (GA) is a tool that is currently used to provide a recipient-focused, risk based approach to transfer payment management and provides a standardized process for assessing capacity to deliver programs and services. MFN has once again received a “low risk” rating which is the “best” rating that can be received for its Organizational Risk Rating through its capacity to manage funding. The following is a detailed report.
Every four years the BC Settlement Trust Fund through the Corporate Trustee must pass their accounts through the courts. MFN is pleased to announce that the Court Passing of Accounts was successful through Court Order.
Chief Joe Buckell and Councillors Pat Tangie, Myrtle Swanson, Bill Swanson,
Irene Armstrong, Don Humphries and Linda Peterson hosted the Annual
Membership Meeting in Sault Ste Marie at the Delta Waterfront Inn. The
meeting opened with a prayer offering by Councillor Pat Tangie. The Chief’s
opening remarks included a report on population numbers which are at 1077,
interests in the mining and forestry industries along with a brief report on
other areas of interest for the First Nation and a reminder that there was
an upcoming election in March 2015.
Although Membership turnout was lower than in previous years, those who
attended were provided with a presentation of the Audited Financial
Statements for the year ended March 31, 2014 by George Trevisan of BDO who
went over the Financial Statements in detail indicating that MFN once again
received an unqualified opinion which meant that there was strong financial
management along with a commendation from Aboriginal Affairs.
TD Waterhouse Corporate Trustee and Investment Counsellors, Domenic Natale,
Heather Richardson and Mike McCauley went over the earnings reports for 2013
for the Boundary Claim Settlement Trust of $30,000,000 plus and because of
the strong earnings year in unrealized capital gains, MFN is able to pay off
the funds borrowed from Capital of $2,000,000 which was used for the Better
Living Policy top up for the past five years, which was exciting and
positive news for the membership.
After a short break, Prodigy Gold’s CEO Curtis Turner and Michelle Tanguay
gave a presentation and update on the Magino Mine Gold Mining project and
their obligation to consult with Aboriginal communities affected, and their
relationship with MFN and its interests in the project.
At the end of the meeting door prizes were drawn. MFN has posted another
year ending in strong financial management and interests in projects in the
mining and forestry industries. The Chief closed the meeting with a prayer
as all in attendance held hands in circle.
We sincerely apologize for the error in reporting in our July/August 2014 newsletter that Evelyn Stone catered the wedding dinner for Dan and Vanessa. It was Evelyn’s beautiful work that created Vanessa’s wedding dress and the food was lovingly made by the many branches of the Tangie Family tree and friends.