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North Spirit Lake

Financial data for North Spirit Lake for fiscal year 2015-16. North Spirit Lake is a First Nation in Ontario with a registered population of 495 and an on-reserve population of 421. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2015-16

Visual breakdown of North Spirit Lake's revenue sources and how funds were spent during fiscal year 2015-16.

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Financial Summary FY 2015-16

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$570K surplus
Balance for FY 2015-16
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$12.78M
Total revenue in FY 2015-16
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$12.21M
Total expenses in FY 2015-16

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2015-16.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$3.06M
As of fiscal year end 2015-16
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$4.78M
As of fiscal year end 2015-16
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$1.72M (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$30.19M
As of fiscal year end 2015-16
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$29.35M
Total accumulated surplus

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2015-16.

PositionNameMonthsRemunerationExpensesTotal
ChiefCaroline Keesic12$55,600$16,571$72,171
Deputy ChiefDonald Campbell12$50,400$18,515$68,915
Former CouncillorBrian Rae4$15,352$4,444$19,796
CouncillorCorey Rae12$47,644$7,990$55,634
CouncillorRita Thompson5$17,940$5,232$23,172
CouncillorGary Kakekagamick8$31,498$4,041$35,539
Total$218,434$56,793$275,227

This schedule has been audited. Prepared by: Holukoff Chiarella

View Other Fiscal Years

FY 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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