Wabigoon Lake Ojibway Nation

Financial data for Wabigoon Lake Ojibway Nation for fiscal year 2014-15. Wabigoon Lake Ojibway Nation is a First Nation in Ontario with a registered population of 1,152 and an on-reserve population of 190. 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 Wabigoon Lake Ojibway Nation's revenue sources and how funds were spent during fiscal year 2014-15.

Loading...

Financial Summary FY 2014-15

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$253K surplus
Balance for FY 2014-15
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$5.40M
Total revenue in FY 2014-15
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$5.15M
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.
$3.45M
As of fiscal year end 2014-15
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$2.04M (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$6.32M
As of fiscal year end 2014-15
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$4.28M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Wabigoon Lake Ojibway Nation.

ClaimStatusLast UpdateTotal Payments
Flooding
FN alleges that Canada: permitted non-Indians to construct dams in 1897 on the Wabigoon River which led to the overflow of 1,300 acres of reserve land; failed to obtain adequate compensation for land lost to flooding; failed to secure appropriate authority for the taking of the use of the lands and waters of the Wabigoon Reserve; failed to consult with the FN regarding the flooding; and failed to make a claim against Ontario for the flooding of the reserve.
Settled
Settled through Negotiations
Feb 2023
$46.35M
Headlands
Breach of fiduciary obligations regarding the 1894 agreement between Canada and Ontario, granting water power rights to the province: involves IR# 27.
Other
File Closed
Apr 2008
-
Timber
FN alleges that Canada failed to obtain proper consent for the sale of timber as required by Treaty 3 and the Indian Act. Further, the FN alleges Canada failed to secure a reasonable compensation for the 1907 sale of timber rights. In addition, FN alleges Canada breached its fiduciary duty by allowing a third party to trespass on the west side of the reserve and cut timber.
Settled
Settled through Negotiations
Mar 2017
$3.70M
Total$50.06M

Remuneration and Expenses

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

PositionNameMonthsRemuneration (Note 2, 4)Expenses (Note 3, 4)Total
ChiefPaul Watts12$48,250$5,805$54,055
CouncillorLana Kooshet12$43,250$16,724$59,974
CouncillorBill Parenteau12$43,838$10,465$54,303
CouncillorClayton Wetelainen12$43,250$33,872$77,122
Total$178,588$66,866$245,454

This schedule is unaudited. Prepared by: BDO Canada 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.