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SIPEKNE'KATIK

Financial data for SIPEKNE'KATIK for fiscal year 2020-21. SIPEKNE'KATIK is a First Nation in Nova Scotia with a registered population of 3,091 and an on-reserve population of 1,457. 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 SIPEKNE'KATIK'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.
$155K deficit
Balance for FY 2020-21
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$40.19M
Total revenue in FY 2020-21
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$40.34M
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.
$51.65M
As of fiscal year end 2020-21
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$14.13M (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$29.68M
As of fiscal year end 2020-21
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$15.56M
Total accumulated surplus

Remuneration and Expenses

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

PositionNameMonthsHonorariaOtherTotalTravel Expenses (Note 1)
ChiefMichael P Sack12$64,169$0$64,169$22,285
CouncillorDoreen E Knockwood12$45,692$0$45,692$584
CouncillorEldon Paul12$45,692$0$45,692$1,895
CouncillorGavin Michael12$45,692$0$45,692$2,150
CouncillorGerry Augustine12$45,692$0$45,692$7,630
CouncillorKeith Julian12$45,692$0$45,692$5,067
CouncillorLena Knockwood12$45,692$0$45,692$5,805
CouncillorMary Ellen Syliboy12$45,692$0$45,692$8,121
CouncillorMichelle Glasgow12$45,692$0$45,692$579
CouncillorTimothy Nevin12$45,692$0$45,692$1,458
CouncillorBrandon Maloney6$17,431$0$17,431$917
CouncillorCheryl Gehue6$17,431$0$17,431$360
CouncillorDerrick Nevin6$17,431$0$17,431$3,032
CouncillorRufus Copage6$31,477$0$31,477$510
CouncillorThomas J Howe6$31,477$0$31,477$0
CouncillorVirgina Peter-Paul6$29,277$0$29,277$4,513
Total$619,921$0$619,921$64,906

This schedule has been audited.

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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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