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Eastern Ontario Land Claim - Algonquin Treaty Negotiation Funding Trust Financial Statements

For the year ended 31 March 2015

by Audited Statement


Algonquin Treaty Negotiation Funding Trust
Financial Statements
For the year ended 31 March 2015

Audited by Wilfred J. Lamb, Chartered Professional Accountant

Highlights:

  • Current cumulative deficit $20,480,509
  • Amount of debt accumulated in last year $2,307,126
  • Loan Payable to INAC*: $20,832,356

*Loans will be interest free until the earliest of:
1) The date such advances become due 31 March 2023;
2) The actual claim settlement date;
3) The date of demand by the Minister in event of a default having occured.

Full report (14 pages): http://ottawa.mediacoop.ca/sites/mediacoop.ca/files2/mc/algonquinsofontario-finances-endmar2015.pdf
(Unknown author of blue notes in margin and highlighting)

 

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