Magnetawan

Financial data for Magnetawan for fiscal year 2022-23. Magnetawan is a First Nation in Ontario with a registered population of 384 and an on-reserve population of 81. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2022-23

Visual breakdown of Magnetawan's revenue sources and how funds were spent during fiscal year 2022-23.

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Financial Summary FY 2022-23

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$584K deficit
Balance for FY 2022-23
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$19.40M
Total revenue in FY 2022-23
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$19.99M
Total expenses in FY 2022-23

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2022-23.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$11.04M
As of fiscal year end 2022-23
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$11.48M
As of fiscal year end 2022-23
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$6.76M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Magnetawan.

ClaimStatusLast UpdateTotal Payments
Highways
Alleges the Crown breached its obligations to the claimant with respect to the construction of four roads on reserve land between 1883 and 1958, the construction of a parking lot in 1936, a drainage ditch in 1959, and a 'visibility triangle' in 1963.
Invited to Negotiate
Active
Jun 2012
-
Surrender to Hydroline IR 1
Alleges unlawful use and occupation of IR 1 from 1950; failure to provide adequate compensation and failure to provide services.
Invited to Negotiate
Active
Nov 2020
-
4 CPR Lines on IR 1
Alleges a breach of fiduciary duty while executing and managing reserve lands during and after the construction of the Canadian Pacific Railway.
Invited to Negotiate
Active
Nov 2020
-
Boundaries of Magnetawan
Alleges a failure to properly set out the boundaries of Magnetawan Reserve No. 1 under the Robinson-Huron Treaty.
Invited to Negotiate
Active
Sep 2023
-
Total$0

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2022-23.

PositionNameMonthsRemuneration (note 1)Expenses (note 1)Total
ChiefLloyd Myke12$85,200$4,998$90,198
CouncillorDaniel Blacksky12$82,215$226$82,441
CouncillorChristopher Pitawanakwat12$84,125$370$84,495
Total$251,540$5,594$257,134

This schedule has been audited. Prepared by: Freelandt Caldwell Reilly 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.