Cold Lake First Nations
Financial data for Cold Lake First Nations for fiscal year 2023-24. Cold Lake First Nations is a First Nation in Alberta with a registered population of 3,342 and an on-reserve population of 1,438. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.
Revenue and Expenses FY 2023-24
Visual breakdown of Cold Lake First Nations's revenue sources and how funds were spent during fiscal year 2023-24.
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Financial Summary FY 2023-24
Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$3.22M surplus
Balance for FY 2023-24
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$50.21M
Total revenue in FY 2023-24
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$46.99M
Total expenses in FY 2023-24
Statement of Financial Position
Assets, liabilities, and net financial position as of the end of fiscal year 2023-24.
Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$107.11M
As of fiscal year end 2023-24
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$41.20M
As of fiscal year end 2023-24
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$56.44M
As of fiscal year end 2023-24
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$122.74M
Total accumulated surplus
Land Claims
Historical and ongoing land claims involving Cold Lake First Nations.
| Claim | Status | Last Update | Total Payments |
|---|---|---|---|
Primrose Lake Air Weapons Range-PLAWR I Alleged inadequate compensation for loss of traditional harvesting lands (trapping, hunting, fishing, etc.) due to the establishment of the Primrose Lake Air Weapons Range. | Concluded | Claim Resolved through Administrative Remedy Mar 2002 | - |
Primrose Lake - Interest Relates to Primrose claims and is a claim to an entitlement to the interest that had accrued on compensation payments to FNs affected by the range. | Concluded | No Lawful Obligation Found Jun 1994 | - |
CONFIDENTIAL | Settled | Settled through Negotiations Feb 2016 | - |
Haylands IR 123A Alienation Alleges that Canada created Haylands Reserve 123A for the use of the Onion Lake Agency First Nations and subsequently alienated the reserve in contravention of the Indian Act and without a surrender from, or compensation to, the claimant First Nations. | Other | Claim Active at the SC Tribunal Sep 2020 | - |
Treaty Annuities Alleges that Canada owes an outstanding lawful obligation for the unlawful termination of annuity payments provided in Treaty 6 to the Cold Lake First Nations from 1885-1888. | Settled | Settled through Negotiations Mar 2023 | $5.55M |
TOPGAS and OMAC Alleges that Canada failed to monitor and reject unlawful deductions of revenue from oil and gas agreements, namely TOPGAS and OMAC, resulting in significantly lower royalties paid and losses owing to the Cold Lake First Nation. | Settled | Settled through Negotiations Jul 2022 | $388K |
Treaty 6 Agricultural Benefits Alleges a breach of fiduciary duty by failing to distribute agricultural benefits pursuant to Treaty 6. | Invited to Negotiate | Active Mar 2024 | - |
NRTA Taking of Treaty Rights Alleges that harvesting rights outlined in the Treaty 6 agreements were breached by the Crown as a result of the NRTA of 1930 in which no compensation was received. | Other | File Closed Dec 2025 | - |
Treaty 6 Annuities Indexing Alleges the Crown’s failure to augment or increase (index) the annual payments of $5 for every man, woman and child as set out in Treaty 6 in order to offset the impacts of inflation and maintain the purchasing power thereof. | Under Assessment | Date Research & Analysis started Aug 2024 | - |
Treaty 6 Annuities, Salaries and Suits Alleges the Crown’s fiduciary breach of treaty obligations by failing to provide Chiefs and Headmen salaries from 1885-1888, Chiefs and Headmen salaries and annuities from 1889-1951, and Chiefs and Headmen triennial suits. | Under Assessment | Date Research & Analysis started Aug 2024 | - |
Railway and Road Takings on IRs 149/149B Alleges the breaches of statutory and fiduciary duties by allowing for the taking of its IR149 and IR149B reserve lands by way of surrender or expropriation between 1912 and 1974 for the construction of Highway 28 and railway purposes without proper authority or proper compensation. | Under Assessment | Justice Department Preparing Legal Opinion Apr 2025 | - |
1909 Surrender and Invalid Taking of IR 149 Alleges a breach of treaty obligations to set aside reserve lands in a timely manner, an unlawful surrender of 10,240 acres from IR 149 in 1909, and the taking of 160 acres from IR 149 without legal authority. | Under Assessment | Date Research & Analysis started Jun 2025 | - |
| Total | $5.93M | ||
Remuneration and Expenses
Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2023-24.
| Position | Name | Months | Remuneration: Source: Federal Government Funds | Remuneration: Source: Own source Revenue | Expenses: Source: Federal Government Funds | Expenses: Source: Own source Revenue | Total |
|---|---|---|---|---|---|---|---|
| Chief | Kelsey Jacko | 12 | $0 | $139,138 | $0 | $32,704 | $171,842 |
| Councillor | Loretta Angnaluak | 12 | $0 | $125,830 | $0 | $19,423 | $145,253 |
| Councillor | Deion Blackman | 12 | $0 | $125,830 | $0 | $12,120 | $137,950 |
| Councillor | Jacinta Janvier | 12 | $0 | $115,440 | $0 | $13,084 | $128,524 |
| Councillor | Bernice Martial | 12 | $0 | $115,440 | $0 | $27,529 | $142,969 |
| Councillor | Travis Matchatis | 12 | $0 | $121,789 | $0 | $7,138 | $128,927 |
| Councillor | Eliza Minoose-Flores | 12 | $0 | $119,413 | $0 | $21,460 | $140,873 |
| Chief | Kelsey Jacko | 12 | $0 | $52,500 | $0 | $0 | $52,500 |
| Councillor | Loretta Angnaluak | 12 | $0 | $24,900 | $0 | $0 | $24,900 |
| Councillor | Deion Blackman | 12 | $0 | $43,000 | $0 | $0 | $43,000 |
| Councillor | Jacinta Janvier | 12 | $0 | $46,800 | $0 | $0 | $46,800 |
| Councillor | Bernice Martial | 12 | $0 | $70,000 | $0 | $0 | $70,000 |
| Councillor | Travis Matchatis | 12 | $0 | $80,400 | $0 | $0 | $80,400 |
| Councillor | Eliza Minoose-Flores | 12 | $0 | $69,800 | $0 | $0 | $69,800 |
| Total | $0 | $1,250,280 | $0 | $133,458 | $1,383,738 |
This schedule is unaudited. Prepared by: Ernst & Young LLP
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.
