MESSAGE FROM THE CHAIRPERSON
On behalf of the Board of Trustees for the First Nations Trust, I am pleased to present the 2015-2016 Annual Report. The Annual Report covers all operations of the Trust for the fiscal period April 1, 2015 to March 31, 2016.
Since the Trust’s creation in 2003, this audit marks our 13th consecutive year in receiving yet another unqualified audit. As Trustees, we take seriously our responsibility of fiscal openness, accountability and transparency while fulfilling our fiduciary responsibility to our beneficiaries - the First Nations of Saskatchewan.
Casino profits in Saskatchewan fluctuate as the gaming market matures in Saskatchewan which affects the net proceeds received by the Trust for distribution. That is why we are proud to maintain efficient operations while fulfilling our mandate of audit confirmations and oversight so as to maximize the funds available for distribution to our beneficiaries. With focused diligence of our staff and the commitment of all Trustees to deal with all matters in a timely manner, we are able to balance these obligations.
We would like to thank all of the First Nations in Saskatchewan for their compliance with the Trust Indenture and Trust policies and procedures and look forward to their continued cooperation for many years to come.
Sheila C. Sutherland