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Abegweit

Financial data for Abegweit for fiscal year 2013-14. Abegweit is a First Nation in Prince Edward Island with a registered population of 408 and an on-reserve population of 232. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2013-14

Visual breakdown of Abegweit's revenue sources and how funds were spent during fiscal year 2013-14.

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Financial Summary FY 2013-14

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$432K deficit
Balance for FY 2013-14
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$11.62M
Total revenue in FY 2013-14
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$12.06M
Total expenses in FY 2013-14

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2013-14.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$1.05M
As of fiscal year end 2013-14
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$2.29M (surplus)
Financial liabilities less financial assets
Non-Financial Assets
Tangible capital assets such as land, buildings, equipment, and infrastructure.
$7.89M
As of fiscal year end 2013-14
Net Assets
Total assets minus total liabilities. This represents the First Nation's overall financial position.
$5.59M
Total net assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$7.87M
As of fiscal year end 2013-14
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$5.59M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Abegweit.

ClaimStatusLast UpdateTotal Payments
Test Claim
Settled
Test Status
-
-
Total$0

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2013-14.

PositionNameMonthsHonorariumSalaryTravelTotal
ChiefBrian Francis12$20,500$99,691$9,391-
CouncilorDanny Levi12$20,500$55,200$9,118-
CouncilorDaren Knockwood12$20,503$47,348$3,371-
Total$61,503$202,239$21,880$0

This schedule is unaudited. Prepared by: Grant Thornton LLP

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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.

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