Heart Lake

Financial data for Heart Lake for fiscal year 2017-18. Heart Lake is a First Nation in Alberta with a registered population of 468 and an on-reserve population of 245. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2017-18

Visual breakdown of Heart Lake's revenue sources and how funds were spent during fiscal year 2017-18.

Loading...

Financial Summary FY 2017-18

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$868K surplus
Balance for FY 2017-18
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$7.18M
Total revenue in FY 2017-18
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$6.32M
Total expenses in FY 2017-18

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2017-18.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$5.77M
As of fiscal year end 2017-18
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$11.06M
As of fiscal year end 2017-18
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$11.84M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Heart Lake.

ClaimStatusLast UpdateTotal Payments
Treaty Land Entitlement
Unfulfilled treaty land entitlement under Treaty No. 6.
Concluded
No Lawful Obligation Found
Jan 1993
-
Primrose Lake Air Weapons Range (PLAWR)
The band seeks monetary damages and an agreement allowing Heart Lake members access to their traditional lands.
Other
File Closed
Jul 2008
-
Treaty 6 Agricultural Benefits
Alleges Canada breached its fiduciary duty to the First Nation by failing to provide agricultural and economic assistance to the First Nation pursuant to Treaty 6.
Settled
Settled through Negotiations
Oct 2024
$27.25M
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 First Nations.
Settled
Settled through Negotiations
Nov 2025
$210K
Treaty 6 Annuities Indexation
Alleges the Crown’s failure to augment or increase the annual payments to each band member as set out in Treaty 6 in order to offset the impacts of inflation and maintaining the purchasing power thereof.
Under Assessment
Date Research & Analysis started
Feb 2025
-
Total$27.46M

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.