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Glooscap First Nation

Financial data for Glooscap First Nation for fiscal year 2015-16. Glooscap First Nation is a First Nation in Nova Scotia with a registered population of 439 and an on-reserve population of 101. 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 Glooscap First Nation'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.
$1.74M surplus
Balance for FY 2015-16
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$7.14M
Total revenue in FY 2015-16
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$5.40M
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.
$2.91M
As of fiscal year end 2015-16
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$1.55M
As of fiscal year end 2015-16
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$1.36M
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$7.65M
As of fiscal year end 2015-16
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$9.04M
Total accumulated surplus

Remuneration and Expenses

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

PositionNameMonthsREMUNERATIONEXPENSESBENEFITSTotal
ChiefSidney Peters12$115,000$5,672$3,562$124,234
CouncillorJean Labradore-Powers12$85,000$3,525$2,917$91,442
CouncillorKristen Halliday12$85,000$1,646$2,917$89,563
CouncillorLarry Peters12$85,000$4,636$2,917$92,553
Total$370,000$15,479$12,313$397,792

This schedule is unaudited. Prepared by: BDO Canada 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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