Lennox Island

Financial data for Lennox Island for fiscal year 2022-23. Lennox Island is a First Nation in Prince Edward Island with a registered population of 1,104 and an on-reserve population of 422. 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 Lennox Island'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.
$2.78M surplus
Balance for FY 2022-23
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$31.38M
Total revenue in FY 2022-23
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$28.60M
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.
$13.50M
As of fiscal year end 2022-23
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$15.21M
As of fiscal year end 2022-23
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$1.71M (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$31.44M
As of fiscal year end 2022-23
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$29.83M
Total accumulated surplus

Remuneration and Expenses

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

PositionNameMonthsSalaryHonorariaTotalTravel expenses
ChiefDarlene Bernard12$100,500$25,000$125,500$4,075
CouncillorMadlene Sark12$0$18,000$18,000$557
CouncillorWendell Labobe12$0$18,000$18,000$1,530
CouncillorCharlene Campbell9$0$13,500$13,500$3,158
CouncillorRichard Guimond3$11,700$4,500$16,200$215
Total$112,200$79,000$191,200$9,535

This schedule is unaudited. Prepared by: Lenehan McCain & Associates

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.