Lac Seul

Financial data for Lac Seul for fiscal year 2021-22. Lac Seul is a First Nation in Ontario with a registered population of 3,839 and an on-reserve population of 980. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2021-22

Visual breakdown of Lac Seul's revenue sources and how funds were spent during fiscal year 2021-22.

Loading...

Financial Summary FY 2021-22

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$6.27M surplus
Balance for FY 2021-22
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$48.23M
Total revenue in FY 2021-22
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$41.96M
Total expenses in FY 2021-22

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2021-22.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$71.82M
As of fiscal year end 2021-22
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$59.81M
As of fiscal year end 2021-22
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$88.11M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Lac Seul.

ClaimStatusLast UpdateTotal Payments
Flooding 1936
Alleged illegal flooding of reserve land and inadequate compensation paid for flooding damages.
Settled
Settled through Negotiations
Mar 2024
$204.00M
Bruce Lake Reserve Lands
Failure to set aside lands selected by the First Nation as reserve lands pursuant to Treaty 3.
Invited to Negotiate
Active
Jul 2022
-
Total$204.00M

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2021-22.

PositionNameMonthsHonorariaOther RemunerationTotal RemunerationExpensesTotal
ChiefClifford Bull12$89,919$4,476-$0$94,395
CouncillorElvis Trout12$78,092$13,916-$5,854$92,008
CouncillorGerald Kejick12$74,592$1,456-$2,504$76,048
CouncillorRaymond Angeconeb12$78,092$2,331-$5,118$80,423
CouncillorSamantha Kejick12$78,092$7,915-$0$86,007
CouncillorStanley Littledeer12$78,092$2,600-$2,177$80,692
CouncillorWade Bull12$78,092$11,869-$2,853$89,961
CouncillorDarrin Trout12$78,092$2,106-$0$80,198
CouncillorNora Vincent12$78,092$12,369-$1,484$90,461
Total$711,155$59,038$0$19,990$770,193

This schedule has been audited. Prepared by: Fort Group Chartered Professional Accountants Inc.

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.