Abegweit
Financial data for Abegweit for fiscal year 2016-17. 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 2016-17
Visual breakdown of Abegweit's revenue sources and how funds were spent during fiscal year 2016-17.
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Financial Summary FY 2016-17
Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$216K surplus
Balance for FY 2016-17
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$11.30M
Total revenue in FY 2016-17
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$11.08M
Total expenses in FY 2016-17
Statement of Financial Position
Assets, liabilities, and net financial position as of the end of fiscal year 2016-17.
Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$1.05M
As of fiscal year end 2016-17
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$2.30M (surplus)
Financial liabilities less financial assets
Non-Financial Assets
Tangible capital assets such as land, buildings, equipment, and infrastructure.
$8.44M
As of fiscal year end 2016-17
Net Assets
Total assets minus total liabilities. This represents the First Nation's overall financial position.
$6.15M
Total net assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$8.05M
As of fiscal year end 2016-17
Land Claims
Historical and ongoing land claims involving Abegweit.
| Claim | Status | Last Update | Total Payments |
|---|---|---|---|
Test Claim | Settled | Test Status - | - |
Lady Wood Trust FN alleged that the Micmacs of P.E.I. did not receive due benefit from an Estate and trust fund. | Other | File Closed Apr 1988 | - |
1942 Addition to Reserve (Hog Island) Alleges breaches of legal and fiduciary obligations by failing to add Hog Island reserve, set apart in 1942, to the Lennox Island Reserve as intended. | Invited to Negotiate | Active Oct 2017 | - |
Morell (Lot 39) Alleges a breach of fiduciary duty and other legal obligations regarding Morell Lot 39. Breaches include: failing to providing the full 204 acres of land, ensuring the lands were arable and road accessible, the illegal expropriation of 6 acres, and the invalid surrender 5 and 9/10 acres. | Under Assessment | Date Research & Analysis started Oct 2024 | - |
Worrell (Lot 40) Alleges a breach of fiduciary duty and other legal obligations in failing to protect the Lot 40 lands from encroachment and alienation. | Under Assessment | Date Research & Analysis started Oct 2024 | - |
Scotchfort IR 4 – 1879 Trespass of 30 Acres Alleges 1879-1882 trespass then 1882 expropriation deeding 30 acres of unsurrendered land to the trespasser. | Under Assessment | Date Research & Analysis started Nov 2024 | - |
Scotchfort IR 4 - 1917 PEI Railway Widening Alleges widening of the railway line in 1917 with no valid surrender, fair market value consideration or compensation. | Under Assessment | Date Research & Analysis started Nov 2024 | - |
Scotchfort IR 4 - 1976 St. Peters Rd Realignment Alleges 1976 road realignment with Scotchfort reserve lands conveyed to the Province and subsequent inadequate compensation/lands conveyed back to form part of the reserve, causing alteration of reserve boundaries. | Under Assessment | Date Research & Analysis started Nov 2024 | - |
Scotchfort IR 4 - Reserve Creation (Lot 36) Alleges encroachment and loss of use of lands previously set aside as reserve lands; Delay of allocation of 168.5 acres bisected by a road and railway in Lot 36 in 1879; Due Special Reserve status by 1876; Delayed deeding of Lot 36 by Province to federal Crown in 1974. | Under Assessment | Date Research & Analysis started Nov 2024 | - |
Lot 55 - Prince Edward Island Allege a breach of fiduciary duty and other legal obligations regarding Parcels 126 and 131 of Lot 55. Breaches include failures to: reserve good-quality land, sell the lands for fair market value, invest proceeds of sale for the benefit of the First Nations, and failure by Canda to require an accounting from PEI for the funds upon its joining Confederation. | Under Assessment | Date Research & Analysis started Oct 2025 | - |
| Total | $0 | ||
Remuneration and Expenses
Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2016-17.
| Position | Months | Council Honoraria | Wages and Benefits | Travel | Total |
|---|---|---|---|---|---|
| Elected Officials (Collective) | $61,500 | - | - | $61,500 | |
| Employees (Collective) | - | $639,092 | - | $639,092 | |
| Collective | - | - | $42,567 | $42,567 | |
| Total | $61,500 | $639,092 | $42,567 | $743,159 |
This schedule is unaudited.
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.
