Lac Seul

Financial data for Lac Seul for fiscal year 2022-23. 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 2022-23

Visual breakdown of Lac Seul'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.
$9.98M surplus
Balance for FY 2022-23
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$64.34M
Total revenue in FY 2022-23
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$54.36M
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.

Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$71.03M
As of fiscal year end 2022-23
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$98.52M
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 2022-23.

PositionNameMonthsHonorariaOther RemunerationTotal Remuneration (b)Expenses (c)Total
ChiefClifford Bull12$100,536$11,518$112,054$20,664$112,054
CouncillorDerek Maud6$41,042$3,402$44,444$6,706$44,444
CouncillorElvis Trout12$90,797$8,694$99,491$8,914$99,491
CouncillorClayton Littledeer6$40,742$4,100$44,842$11,532$44,842
CouncillorGerald Kejick12$90,697$0$90,697$8,907$90,697
CouncillorRaymond Angeconeb12$90,897$9,385$100,282$11,265$100,282
CouncillorSamantha Kejick12$90,697$8,699$99,396$16,795$99,396
CouncillorStanley Littledeer12$90,697$0$90,697$11,374$90,697
CouncillorWade Bull12$90,697$10,732$101,429$12,092$101,429
CouncillorDarrin Trout8$60,018$5,800$65,818$5,685$65,818
CouncillorNora Vincent8$60,018$7,620$67,638$7,027$67,638
Total$846,838$69,950$916,788$120,961$916,788

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.