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Paqtnkek Mi'kmaw Nation

Financial data for Paqtnkek Mi'kmaw Nation for fiscal year 2016-17. Paqtnkek Mi'kmaw Nation is a First Nation in Nova Scotia with a registered population of 617 and an on-reserve population of 462. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2016-17

Visual breakdown of Paqtnkek Mi'kmaw Nation's revenue sources and how funds were spent during fiscal year 2016-17.

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Financial Summary FY 2016-17

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$12.36M surplus
Balance for FY 2016-17
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$12.99M
Total revenue in FY 2016-17
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$626K
Total expenses in FY 2016-17

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2016-17.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$3.23M
As of fiscal year end 2016-17
Net Assets
Total assets minus total liabilities. This represents the First Nation's overall financial position.
$7.37M
Total net assets
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$7.37M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Paqtnkek Mi'kmaw Nation.

ClaimStatusLast UpdateTotal Payments
Summerside
(Band previous name: Afton) FN requested that 100 acres of land, known as the Summerside property, be returned (in possession of FN at Confederation, but not included among the Indian Reserves transferred to Canada) to the Paq'tnkek First Nation, with compensation for loss of use.
Concluded
Claim Resolved through Administrative Remedy
Aug 1990
-
Railway
(Band previous name: Afton) Alleged illegal alienation of land in 1879/80, to Eastern Extension Railway(now part of CNR on Lot B of I.R. #23)
Concluded
No Lawful Obligation Found
Aug 1975
-
Pomquet - CMM
(Band previous name: Afton) CMM on behalf of Paq'tnkek First Nation alleged unlawful granting of 250 acres of reserve land in 1827 without surrender.
Other
File Closed
Dec 2009
-
Highway
(Band previous name: Afton) Alleged loss of use of lands from Afton and Pomquet I.R. taken in 1965 for highway right-of-way. FN alleged province did not meet conditions required to provide access roads when reserve lands were made available for highway purposes.
Settled
Settled through Negotiations
May 2022
$1.28M
Loss of Reserve Land Peter McChesney Grant
Alleges an illegal disposition of unsurrendered reserve lands; the 1827 Crown grant to Peter McChesney is a breach of fiduciary duty.
Invited to Negotiate
Active
Apr 2015
-
Summerside Cogswell Property
Alleges a breach of legal obligation to formally administer and register Summerside Reserve; a breach of the fiduciary and legal obligation to obtain a legal surrender of Indian Point Special Reserve prior to sale in 1919; and a breach of fiduciary obligation to correct the improper conveyance of Indian Point Reserve.
Concluded
No Lawful Obligation Found
Feb 2015
-
Total$1.28M

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2016-17.

PositionNameMonthsSalaryHonorariaTravel ExpensesOther Remuneration2017 Total
ChiefP.J. Prosper12$0$50,000$675$720-
Council MemberAnn Marie Paul12$0$40,000$2,577$720-
Council MemberKerry Prosper12$0$40,000$2,108$720-
Council MemberDarlene Prosper12$0$40,000$3,347$720-
Council MemberJudy Bernard Julian12$0$40,000$836$720-
Council MemberMolly Peters12$0$40,000$2,207$720-
Total$0$250,000$11,750$4,320$0

This schedule is unaudited. Prepared by: Grant Thornton 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.