Lake Babine Nation

Financial data for Lake Babine Nation for fiscal year 2019-20. Lake Babine Nation is a First Nation in British Columbia with a registered population of 2,558 and an on-reserve population of 1,018. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2019-20

Visual breakdown of Lake Babine Nation's revenue sources and how funds were spent during fiscal year 2019-20.

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Financial Summary FY 2019-20

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$1.66M deficit
Balance for FY 2019-20
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$25.65M
Total revenue in FY 2019-20
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$27.31M
Total expenses in FY 2019-20

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2019-20.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$13.37M
As of fiscal year end 2019-20
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$15.05M
As of fiscal year end 2019-20
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$1.68M (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$34.02M
As of fiscal year end 2019-20
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$32.48M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Lake Babine Nation.

ClaimStatusLast UpdateTotal Payments
Donald's Landing
Alleged failure to reserve lands sought by the First Nation.
Concluded
No Lawful Obligation Found
Jan 2010
-
Tachek I.R. 25
Alleged lands approved as a new reserve by the McKenna-McBride Commission were alienated as the result of improper survey.
Other
File Closed
May 2017
-
Total$0

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2019-20.

PositionNameMonthsRemuneration [Note 2]Expenses [Note 3]Total
ChiefGordon Alec8$77,729$18,655$96,384
Acting Chief/Deputy ChiefDerek Macdonald12$60,000$23,274$83,274
Woyenne CouncillorMelvin Joseph12$48,000$7,602$55,602
Woyenne Councillor/Deputy ChiefMurphy Abraham12$52,000$51,640$103,640
Woyenne CouncillorCheyenne Dennis12$48,000$48,057$96,057
Tachet CouncillorShane Modine12$48,000$25,384$73,384
Tachet CouncillorDolores Alec12$48,000$46,486$94,486
Fort Babine CouncillorBessie West12$48,000$57,259$105,259
Fort Babine CouncillorJohn West12$48,000$24,160$72,160
Old Fort CouncillorVerna Power12$48,000$80,116$128,116
Total$525,729$382,633$908,362

This schedule has been audited. Prepared by: DMC Chartered Professional Accountants Inc.

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.