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Financial Management

Financial Management

NRT was created with an original sum of $100 million, donated by the Province of BC. Of the initial sum, $20.75 million was originally allocated for spending on projects over the first three years of the Trust’s operations. The balance was invested in order to provide ongoing benefit to BC First Nations.

The spend/invest strategy reflects the overall values voiced by NRT stakeholders during the 2006 and reaffirmed during the 2009 and 2012 Regional Engagement meetings head across BC and in subsequent feedback received by NRT.

Program Support

According to the 2016 - 2019 Strategic Plan, the intended breakdown for program spending in the NRT's five priority areas is as follows:

  2016/17 2017/18 2018/19 Total
Governance 2.4M 2.25M 2.25M 6.90M
Economic Development 1.00M .75M .75M 2.50M
Language and Culture 1.00M .75M .75M 2.50M
Education 1.10M .85M .85M 2.80M
Youth & Elders .50M .40M .40M 1.30M
TOTAL 6.00M 5.00M 5.00M 16.0M

Investing

NRT's investment strategy consists of short-term and long-term investments. The short-term investment strategy preserves capital by investing in safe and liquid assets. The long-term investments are allocared according to a range of target asset mixes.

With changes to the global market in mind, NRT Directors and staff review the current spend/invest strategy on an ongoing basis.

Operating Costs

Administrative costs for the NRT are maintained at less than 2% of the total investment fund on an annual basis, and are paid through the accrued interest