Mississaugas of the Credit

Financial data for Mississaugas of the Credit for fiscal year 2023-24. Mississaugas of the Credit is a First Nation in Ontario with a registered population of 2,843 and an on-reserve population of 1,007. 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 Mississaugas of the Credit'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.
$9.45M surplus
Balance for FY 2023-24
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$68.85M
Total revenue in FY 2023-24
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$59.40M
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.

Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$44.21M
As of fiscal year end 2023-24
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$106.59M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Mississaugas of the Credit.

ClaimStatusLast UpdateTotal Payments
Railway Claim - Loss of Use
Alleged invalid expropriation of land for railway purposes in 1875, and failure to compensate for interest in lands taken.
Settled
Settled through Negotiations
Mar 1986
$290K
200 Acre
Alleged invalid surrender in 1820, of 200 acres (80.9 Ha) of land on north shore of Credit River.
Settled
Settled through Negotiations
Mar 1997
$12.85M
Brant Tract Purchase
Alleged that 1797 treaty for cession of lands at Burlington Bay was illegal, and that the Mississauga Nation retained rights and title to lakeshore at Burlington Bay and 200 acres at Burlington Heights. (FN involved: Curve Lake, New Credit, Alderville, Scugog and Hiawatha).
Settled
Settled through Negotiations
Oct 2010
$800K
Toronto Purchase
Non-fulfilment of the terms of the 1805 Surrender.
Settled
Settled through Negotiations
Oct 2010
$144.20M
Treaty 22 and Treaty 23 Reserve
The First Nation alleges that its reserve lands covered by Treaties 22 and 23 were surrendered to the Crown in trust and consequently the land should have been maintained, used, or sold solely for the benefit of the First Nation.
Invited to Negotiate
Active
Sep 2022
-
Total$158.14M

Remuneration and Expenses

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

PositionNameMonthsRemunerationExpensesTotal
Council MemberDALTON-KING, Andrea9$36,000$7,618$43,618
Council MemberFERRELL, Erma12$51,800$3,916$55,716
Council MemberHERKIMER, Jesse4$16,000$106$16,106
Council MemberKING-JAMIESON, Veronica12$52,000$19,929$71,929
Council MemberLAFORME, Ralph Kelly9$37,000$5,378$42,378
ChiefLAFORME, Stacey R.9$62,400$66,958$129,358
Council MemberLAFORME, William4$16,000$0$16,000
Council MemberMARACLE, Leslie4$16,000$1,243$17,243
Council MemberSAULT, Ashley9$37,000$17,409$54,409
ChiefSAULT, Clara3$25,500$3,917$29,417
Council MemberSAULT, Clara9$37,000$3,295$40,295
Council MemberSAULT, Fawn12$52,000$1,751$53,751
Council MemberSAULT, Larry4$16,000$419$16,419
Total$454,700$131,939$586,639

This schedule has been audited. Prepared by: MNP 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.