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SIPEKNE'KATIK

Financial data for SIPEKNE'KATIK for fiscal year 2022-23. 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 2022-23

Visual breakdown of SIPEKNE'KATIK'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.
$6.12M surplus
Balance for FY 2022-23
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$65.84M
Total revenue in FY 2022-23
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$59.72M
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.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$67.59M
As of fiscal year end 2022-23
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$71.79M
As of fiscal year end 2022-23
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$4.20M (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$30.18M
As of fiscal year end 2022-23
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$26.23M
Total accumulated surplus

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2022-23.

PositionNameMonthsHonorariaOtherTotalTravel Expenses
ChiefMichael P Sack7$38,677$0$38,677$0
ChiefMichelle Glasgow5$24,969$0$24,969$979
CouncillorMichelle Glasgow7$27,541$0$27,541$8,512
CouncillorTimothy Nevin12$45,320$0$45,320$1,265
CouncillorKeith Julian12$45,320$0$45,320$3,063
CouncillorDoreen E Knockwood12$45,320$0$45,320$80
CouncillorGerry Augustine12$45,320$0$45,320$1,857
CouncillorLena Knockwood12$45,320$0$45,320$5,102
CouncillorRufus Copage12$45,320$0$45,320$2,300
CouncillorCheryl Gehue12$45,320$0$45,320$5,488
CouncillorMary Ellen Syliboy7$27,541$0$27,541$0
CouncillorGavin Michael7$27,541$0$27,541$0
CouncillorBrandon Maloney7$27,541$0$27,541$0
CouncillorEldon Paul5$17,779$0$17,779$2,721
CouncillorThomas J Howe5$17,779$0$17,779$3,284
CouncillorDe Anne Sack5$17,779$0$17,779$1,265
CouncillorBrooke Willis5$17,779$0$17,779$2,355
CouncillorJustin Johnson5$17,779$0$17,779$1,425
Total$579,945$0$579,945$39,696

This schedule is unaudited. Prepared by: Lenehan McCain & Associates

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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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