Metepenagiag Mi'kmaq Nation
Financial data for Metepenagiag Mi'kmaq Nation for fiscal year 2023-24. Metepenagiag Mi'kmaq Nation is a First Nation in New Brunswick with a registered population of 719 and an on-reserve population of 455. 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 Metepenagiag Mi'kmaq Nation'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.
$3.23M deficit
Balance for FY 2023-24
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$42.27M
Total revenue in FY 2023-24
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$45.50M
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.
$5.93M
As of fiscal year end 2023-24
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$21.01M (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$48.73M
As of fiscal year end 2023-24
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$30.33M
Total accumulated surplus
Land Claims
Historical and ongoing land claims involving Metepenagiag Mi'kmaq Nation.
| Claim | Status | Last Update | Total Payments |
|---|---|---|---|
Fishing Lease (Band previous name: Red Bank). Alleged breach of trust concerning the management and letting of portions of Big Hole Tract reserve for fishing purposes from 1892 - 1986. | Settled | Settled through Negotiations Aug 1994 | $2.00M |
Loss of Use - Big Hole Tract (Band previous name: Red Bank). Alleged loss of use of land (1843 and 1877) owing to long term non-Indian occupation of Big Hole Tract I.R. No. 8. | Settled | Settled through Negotiations Aug 1994 | $2.00M |
1895 Surrender (Band previous name: Red Bank). The second claim of the Red Bank Joint Research pilot project. This joint research pilot project will re-examine the terms and conditions of the 1895 surrender of parts of IR #4, IR #7, Big Hole Tract and Indian Point. | Settled | Settled through Negotiations Apr 2014 | $27.57M |
I.R. #7 (Band previous name: Red Bank). Alleged that approximately 64.2 acres were illegally alienated from Lots 1 to 7, located on I.R.#7 , in 1904 and seeking the return of the lands, or compensation and loss of use. | Settled | Settled through Negotiations Oct 2007 | - |
Hosford Lot (Band previous name: Red Bank). The third claim in the Red Bank Joint Research pilot project. The Hosford Lot was allegedly never surrendered, but patented to a non-Indian in 1906, and thus unlawfully alienated from the FN. | Settled | Settled through Negotiations Oct 2007 | $1.59M |
Lots A - B - 1 (Band previous name: Red Bank). Alleged invalid Grant for Lot A and invalid Letters Patent for Lots B and 1. | Concluded | No Lawful Obligation Found Aug 2006 | - |
1844 Act (Band previous name: Red Bank). The 1844 claim was chosen as the subject of a pilot joint research project in May 1996. The issue involves the enactment in 1844, by the Colonial Government, of a statute which allowed for the sale of reserve lands to squatters. | Concluded | No Lawful Obligation Found Aug 2011 | - |
1974 Squatter Removal (Band previous name: Red Bank). The fourth claim in the Red Bank Joint Research Pilot Project. This project will provide research and analysis on approximately 29 non-Indian families who were removed from unsurrendered lands located at Red Bank Reserve No. 4. | Settled | Settled through Negotiations Aug 2010 | $495K |
Addit. Removals to 1974 Squatter Removal (Band previous name: Red Bank). The sixth claim in the Red Bank Joint Research pilot Project. This joint research project will collect and complete research as an addendum to the 1974 Removal report. It will cover the history of the non-Indian occupation of village lots at Red Bank and the removal of those parties. | Concluded | No Lawful Obligation Found Jan 2009 | - |
Public Roads and Utilities: ROW (Band previous name: Red Bank). Alleged breach of Canada's fiduciary obligation to protect FN's interests in pre- and post-confederation takings of reserve lands for public roads and utilities right-of-ways without authority and compensation to the FN. | Invited to Negotiate | Awaiting Response Sep 2011 | - |
| Total | $33.65M | ||
Remuneration and Expenses
Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2023-24.
| Position | Name | Months | Salary | Honoraria | Travel | Rent & Other | Total |
|---|---|---|---|---|---|---|---|
| Chief | Billy Joe Ward | 12 | $72,166 | $15,000 | $2,942 | $6,000 | - |
| Councilor | Laurie Augustine | 12 | $62,400 | $15,000 | $3,835 | $0 | - |
| Councilor | Lawrence Ward | $0 | $0 | $0 | $0 | - | |
| Councilor | Kevin Levi | 12 | $62,400 | $15,000 | $3,688 | $0 | - |
| Councilor | Diana Webb | 12 | $62,400 | $15,000 | $5,000 | $0 | - |
| Councilor | Adam Augustine | 12 | $62,400 | $15,000 | $5,287 | $0 | - |
| Councilor | Roman Ward | 12 | $62,400 | $15,000 | $8,399 | $0 | - |
| Councilor | Channing Ward | 12 | $62,400 | $15,000 | $3,713 | $0 | - |
| Councilor | Michael F Ward | 12 | $62,400 | $11,250 | $14,661 | $20,300 | - |
| Total | $508,966 | $116,250 | $47,525 | $26,300 | $0 |
This schedule is unaudited. Prepared by: Teed Saunders Doyle
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.
