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Eagle Lake

Financial data for Eagle Lake for fiscal year 2014-15. Eagle Lake is a First Nation in Ontario with a registered population of 676 and an on-reserve population of 375. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2014-15

Visual breakdown of Eagle Lake's revenue sources and how funds were spent during fiscal year 2014-15.

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Financial Summary FY 2014-15

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$716K deficit
Balance for FY 2014-15
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$5.53M
Total revenue in FY 2014-15
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$6.24M
Total expenses in FY 2014-15

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2014-15.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$2.60M
As of fiscal year end 2014-15
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$3.79M
As of fiscal year end 2014-15
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$1.19M
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$8.93M
As of fiscal year end 2014-15
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$7.74M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Eagle Lake.

ClaimStatusLast UpdateTotal Payments
Timber Trespass
Alleged Canada failed to prevent timber trespasses of Eagle Lake I.R. 27 in 1882-1883, and that compensation was never paid.
Settled
Settled through Negotiations
Apr 1988
$450K
Total$450K

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2014-15.

PositionNameMonthsRemuneration (Note 2)Expenses (Note 3)Total
ChiefArnold Gardner12$55,671$11,382$67,053
CouncillorRobert Gardner3$9,911$0$9,911
CouncillorKenneth Cripps11$28,075$250$28,325
CouncillorKen Gardner10$30,988$4,025$35,013
CouncillorWilliam Gardner10$30,988$2,912$33,900
CouncillorJim Kavanaugh4$15,394$2,419$17,813
Total$171,027$20,988$192,015

This schedule is unaudited. Prepared by: Heartland Chartered Accountants 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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