Serpent River

Financial data for Serpent River for fiscal year 2020-21. Serpent River is a First Nation in Ontario with a registered population of 1,713 and an on-reserve population of 408. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2020-21

Visual breakdown of Serpent River's revenue sources and how funds were spent during fiscal year 2020-21.

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Financial Summary FY 2020-21

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$1.01M surplus
Balance for FY 2020-21
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$17.09M
Total revenue in FY 2020-21
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$16.08M
Total expenses in FY 2020-21

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2020-21.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$8.55M
As of fiscal year end 2020-21
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$640K (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$22.34M
As of fiscal year end 2020-21
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$21.78M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Serpent River.

ClaimStatusLast UpdateTotal Payments
Highway Taking
Alleged illegal occupation and trespass of approximately 100 acres of I. R. No. 7 by Public Highways constructed between 1870 and 1956 without proper surrender or compensation.
Other
File Closed
Oct 2007
-
Acid Plant
Alleges that Canada breached its treaty, statutory and fiduciary obligations towards them while executing and managing a portion of their Reserve land during the construction and operation of an acid plant.
Invited to Negotiate
Awaiting Response
Nov 2012
-
Total$0

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2020-21.

PositionNameMonthsRemuneration (Note 1)Expenses (Note 1)Total
ChiefBrent Bissaillion12$70,007$3,817$73,824
CouncillorSteven Baranyai12$9,000$0$9,000
Head CouncillorEarl Commanda12$10,800$0$10,800
CouncillorKerri Commanda12$9,000$183$9,183
CouncillorMarlene Essex12$9,000$2,447$11,447
CouncillorJoey Jacobs12$9,000$0$9,000
CouncillorShirley McLeod12$9,000$2,730$11,730
CouncillorMathilda McLeod12$9,000$0$9,000
CouncillorSteve Meawasige12$6,587$871$7,458
CouncillorMichelle Owl12$9,000$0$9,000
CouncillorMiranda Pelletier12$9,000$0$9,000
CouncillorNicole Pelletier-Southwind12$9,000$0$9,000
CouncillorJohn Trudeau12$9,000$0$9,000
Total$177,394$10,048$187,442

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.