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Potlotek First Nation

Financial data for Potlotek First Nation for fiscal year 2019-20. Potlotek First Nation is a First Nation in Nova Scotia with a registered population of 856 and an on-reserve population of 676. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2019-20

Visual breakdown of Potlotek First Nation's revenue sources and how funds were spent during fiscal year 2019-20.

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Financial Summary FY 2019-20

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$2.93M surplus
Balance for FY 2019-20
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$22.56M
Total revenue in FY 2019-20
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$19.63M
Total expenses in FY 2019-20

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2019-20.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$3.30M
As of fiscal year end 2019-20
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$14.03M
As of fiscal year end 2019-20
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$10.74M (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$14.34M
As of fiscal year end 2019-20
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$11.30M
Total accumulated surplus

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2019-20.

PositionNameMonthsSalary and HonorariaPayment to Related BusinessOtherTravel ExpensesExternal Travel ReimbursementsTotal
ChiefWilbert Marshall$61,200$0$0$6,347$0-
CouncilorJimmy Marshall$42,840$0$0$2,528-$431-
CouncilorBlayne Murray$42,840$0$0$1,740-$431-
CouncilorBasil Johnson$42,840$0$0$1,402-$431-
CouncilorWayne Johnson$42,840$0$2,400$2,013-$431-
CouncilorJeremy Basque$42,840$0$0$1,402-$431-
CouncilorAnita Basque$42,840$0$0$2,578-$431-
CouncilorQuentin Doucette$42,840$0$0$0$0-
Total$361,080$0$2,400$18,010-$2,586$0

This schedule is unaudited. Prepared by: MNP LLP

View Other Fiscal Years

FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014

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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