Lower Nicola

Financial data for Lower Nicola for fiscal year 2015-16. Lower Nicola is a First Nation in British Columbia with a registered population of 1,551 and an on-reserve population of 535. 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 Lower Nicola'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.
$733K deficit
Balance for FY 2015-16
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$15.29M
Total revenue in FY 2015-16
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$16.03M
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.
$12.61M
As of fiscal year end 2015-16
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$4.76M
As of fiscal year end 2015-16
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$28.39M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Lower Nicola.

ClaimStatusLast UpdateTotal Payments
Graveyard and Settlements
Claim alleges that several graveyards and settlements were not set aside as indian reserves.
Concluded
No Lawful Obligation Found
Aug 2011
-
Total$0

Remuneration and Expenses

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

PositionNameMonthsRemuneration [Note 2]Expenses [Note 3]Total
CouncillorArthur Dick12$57,600$2,931$60,531
ChiefAaron Sam12$72,000$25,973$97,973
CouncillorClyde Sam12$19,800$233$20,033
CouncillorMolly Toodlican12$19,800$1,378$21,178
CouncillorHarold Joe12$19,800$0$19,800
CouncillorRobert Sterling12$19,800$0$19,800
CouncillorClarence Basil Jr.12$19,800$882$20,682
CouncillorNicholas Peterson12$26,575$3,182$29,757
Total$255,175$34,579$289,754

This schedule is unaudited. Prepared by: REID HURST NAGY 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.