Fort Folly

Financial data for Fort Folly for fiscal year 2020-21. Fort Folly is a First Nation in New Brunswick with a registered population of 140 and an on-reserve population of 33. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2020-21

Visual breakdown of Fort Folly's revenue sources and how funds were spent during fiscal year 2020-21.

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Financial Summary FY 2020-21

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$1.28M surplus
Balance for FY 2020-21
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$4.52M
Total revenue in FY 2020-21
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$3.24M
Total expenses in FY 2020-21

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2020-21.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$2.71M
As of fiscal year end 2020-21
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$3.93M
As of fiscal year end 2020-21

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2020-21.

PositionNameMonthsRemuneration (Note 2)Honorariums (Note 2)Expenses (Note 2)Total
ChiefRebecca Knockwood12$81,482$15,000$3,766$100,248
CouncillorJoseph Knockwood12$0$15,000$3,766$18,766
CouncillorJolyne Knockwood12$0$15,000$3,148$18,148
Total$81,482$45,000$10,680$137,162

This schedule has been audited. Prepared by: Grant Thornton 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.