Iskatewizaagegan #39 Independent First Nation

Financial data for Iskatewizaagegan #39 Independent First Nation for fiscal year 2017-18. Iskatewizaagegan #39 Independent First Nation is a First Nation in Ontario with a registered population of 720 and an on-reserve population of 376. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2017-18

Visual breakdown of Iskatewizaagegan #39 Independent First Nation's revenue sources and how funds were spent during fiscal year 2017-18.

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Financial Summary FY 2017-18

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$20K deficit
Balance for FY 2017-18
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$11.38M
Total revenue in FY 2017-18
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$11.40M
Total expenses in FY 2017-18

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2017-18.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$2.10M
As of fiscal year end 2017-18
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$2.92M
As of fiscal year end 2017-18
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$819K (surplus)
Financial liabilities less financial assets
Non-Financial Assets
Tangible capital assets such as land, buildings, equipment, and infrastructure.
$13.14M
As of fiscal year end 2017-18
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$13.05M
As of fiscal year end 2017-18
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$12.32M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Iskatewizaagegan #39 Independent First Nation.

ClaimStatusLast UpdateTotal Payments
Garden Islands
FN alleges that 32 islands in Indian Bay, comprising approximately 403 acres, were not surveyed and confirmed as reserves in accordance with the terms of Treaty 3. Furthermore, the FN alleges loss of use of the benefits of the islands (e.g. timber, agriculture, minerals, fishing, hunting, land development).
Invited to Negotiate
Active
Feb 2019
-
Headlands
Breach of fiduciary obligation regarding the 1894 agreement between Canada and Ontario, and the later revocation of this portion of the agreement by Ontario in 1915 (Canada / Ontario Boundary Dispute); involves IR# 34 B-2, 39 and 39A.
Other
File Closed
Apr 2008
-
Flooding (Tr3 Flooding Project)
Improper surrender and a continuing breach of fiduciary obligations regarding the protection of the Shoal Lake Indian Reserves 39, 39A and 34B2 from flooding.
Invited to Negotiate
Active
Oct 2009
-
Farming Lands
Inadequate reserve land given to First Nation Band for sustainable farming.
Invited to Negotiate
Active
May 2015
-
Total$0

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2017-18.

PositionNameMonthsRemuneration (Note 1)Expenses (Note 1)Total
ChiefGerald Lewis12$61,000$23,362$84,362
CouncilorJohn Wapioke12$49,231$2,028$51,259
CouncilorLeon Mandamin12$51,000$4,631$55,631
CouncilorFred Greene1$0$0$0
CouncilorKaren Kejick12$51,000$9,247$60,247
CouncilorEarl Wapioke1$769$0$769
Total$213,000$39,268$252,268

This schedule is unaudited. Prepared by: BDO Canada LLP

Sources

Financial data is sourced from annual reports published under the First Nations Financial Transparency Act (FNFTA). Data is extracted using automated processes and may contain errors. If you notice any issues, please contact us.