Upon a successful positive vote on January 21st, 2022, the $750,000.00 will be transferred to Band operations starting April 1st, 2022. The dollars (750 K) will be used for either the purchase of land or for Band Development purposes as defined in the Legacy Trust Agreement.

The funds will be used in enhancing programs, services and community development. Under the Mistawasis Financial Administration Law, 2015, the $750,000 needs to be part of the annual budget as of April 1st of any given year. This budget is approved by Motion at a duly convened Council meeting and this budget has to also be approved by the Finance and Audit committee (FAC).

Under section 9.5 of the Legacy Trust Agreement, Mistawasis must prepare a statement which details the receipts and uses of funds received for the prior fiscal year. This statement must be presented to the members, a copy posted on the First Nation’s web page and a copy provided to any members upon request.

In addition, the $750.000 must be reported as part of the First Nation’s Audit process. The Auditors are Meyers/Norris/Penny which is an independent Audit company that works with many First Nations. The annual Audit is part of the Annual General Meeting (AGM). The Audit also goes to Indian Services Canada (ISC), which they review and approve. The Audit is also posted on the Mistawasis website (www.mistawasis.ca) and also has to be posted on the ISC website.

An example of the $750,000 may be:

  • $200,000 for Post-Secondary (average cost to sponsor 1 student is $17,000)
  • $200,000 for Housing renovations
  • $350,000 for Membership at Christmas (Approx. 2100 band members that are 18 plus years of age to receive $300 equals $ $630,000)

Mistawasis Nệhiyawak Chief and Council