Magnetawan

Financial data for Magnetawan for fiscal year 2018-19. Magnetawan is a First Nation in Ontario with a registered population of 384 and an on-reserve population of 81. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2018-19

Visual breakdown of Magnetawan's revenue sources and how funds were spent during fiscal year 2018-19.

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Financial Summary FY 2018-19

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$1.48M surplus
Balance for FY 2018-19
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$26.44M
Total revenue in FY 2018-19
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$24.96M
Total expenses in FY 2018-19

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2018-19.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$5.39M
As of fiscal year end 2018-19
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$9.34M
As of fiscal year end 2018-19
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$9.96M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Magnetawan.

ClaimStatusLast UpdateTotal Payments
Highways
Alleges the Crown breached its obligations to the claimant with respect to the construction of four roads on reserve land between 1883 and 1958, the construction of a parking lot in 1936, a drainage ditch in 1959, and a 'visibility triangle' in 1963.
Invited to Negotiate
Active
Jun 2012
-
Surrender to Hydroline IR 1
Alleges unlawful use and occupation of IR 1 from 1950; failure to provide adequate compensation and failure to provide services.
Invited to Negotiate
Active
Nov 2020
-
4 CPR Lines on IR 1
Alleges a breach of fiduciary duty while executing and managing reserve lands during and after the construction of the Canadian Pacific Railway.
Invited to Negotiate
Active
Nov 2020
-
Boundaries of Magnetawan
Alleges a failure to properly set out the boundaries of Magnetawan Reserve No. 1 under the Robinson-Huron Treaty.
Invited to Negotiate
Active
Sep 2023
-
Total$0

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2018-19.

PositionNameMonthsRemunerationExpensesTotal
ChiefLloyd Myke12$70,830$12,440$83,270
CouncillorWilliam Diabo12$35,200$12,101$47,301
CouncillorSamantha Noganosh12$80,866$3,833$84,699
Total$186,896$28,374$215,270

This schedule is unaudited. Prepared by: KPMG 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.