Serpent River

Financial data for Serpent River for fiscal year 2023-24. 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 2023-24

Visual breakdown of Serpent River's revenue sources and how funds were spent during fiscal year 2023-24.

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Financial Summary FY 2023-24

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$383.13M surplus
Balance for FY 2023-24
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$408.91M
Total revenue in FY 2023-24
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$25.79M
Total expenses in FY 2023-24

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2023-24.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$396.65M
As of fiscal year end 2023-24
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$14.83M
As of fiscal year end 2023-24
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$25.06M
As of fiscal year end 2023-24
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$406.92M
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 2023-24.

PositionNameMonthsRemuneration (Note 1)Expenses (Note 1)Total
ChiefBrent Bissaillion5$46,154$4,715$50,869
Acting ChiefWilma-Lee Johnston5$35,170$3,572$38,742
ChiefWilma-Lee Johnston7$62,417$3,410$65,827
CouncillorKerri Commanda12$15,000$6,552$21,552
CouncillorShirley McLeod12$15,000$2,851$17,851
CouncillorSteve Meawasige12$15,000$6,265$21,265
CouncillorMichelle Owl12$15,000$2,569$17,569
CouncillorJohn Trudeau12$15,000$2,459$17,459
Total$218,741$32,393$251,134

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.