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Bear River

Financial data for Bear River for fiscal year 2020-21. Bear River is a First Nation in Nova Scotia with a registered population of 395 and an on-reserve population of 121. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2020-21

Visual breakdown of Bear River's revenue sources and how funds were spent during fiscal year 2020-21.

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Financial Summary FY 2020-21

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$78K deficit
Balance for FY 2020-21
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$3.80M
Total revenue in FY 2020-21
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$3.88M
Total expenses in FY 2020-21

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2020-21.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$4.96M
As of fiscal year end 2020-21
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$656K (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$6.19M
As of fiscal year end 2020-21
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$5.68M
Total accumulated surplus

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2020-21.

PositionNameMonthsSalary and HonorariaTravel and otherTotal
ChiefCarol D. Potter12$60,000$17,960$77,960
CouncillorCarol Ann Potter12$55,840$18,494$74,334
CouncillorFred Harlow12$48,969$8,795$57,764
CouncillorRobert McEwan12$28,000$10,025$38,025
Total$192,809$55,274$248,083

This schedule is unaudited. Prepared by: Grant Thornton LLP

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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.

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