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Indian Island

Financial data for Indian Island for fiscal year 2023-24. Indian Island is a First Nation in New Brunswick with a registered population of 218 and an on-reserve population of 115. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2023-24

Visual breakdown of Indian Island's revenue sources and how funds were spent during fiscal year 2023-24.

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Financial Summary FY 2023-24

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$2.38M surplus
Balance for FY 2023-24
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$13.05M
Total revenue in FY 2023-24
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$10.67M
Total expenses in FY 2023-24

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2023-24.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$5.41M
As of fiscal year end 2023-24
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$6.40M
As of fiscal year end 2023-24
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$989K (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$14.57M
As of fiscal year end 2023-24
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$16.68M
Total accumulated surplus

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2023-24.

PositionNameMonthsRemunerationExpensesTotal
Chief/Band ManagerKenneth Barlow12$112,079$6,000$118,079
Councillor/Social & EducationIngrid Peters12$77,530$7,417$84,947
Councillor/HousingCatherine Richard12$77,823$6,818$84,641
Total$267,432$20,235$287,667

This schedule has been audited. Prepared by: Nadeau Picard & Associés, CPA

View Other Fiscal Years

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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.

Download Full Financial Report (PDF)