Lac Seul

Financial data for Lac Seul for fiscal year 2023-24. Lac Seul is a First Nation in Ontario with a registered population of 3,839 and an on-reserve population of 980. 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 Lac Seul'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.
$9.43M surplus
Balance for FY 2023-24
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$68.13M
Total revenue in FY 2023-24
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$58.70M
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.

Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$85.12M
As of fiscal year end 2023-24
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$314.49M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Lac Seul.

ClaimStatusLast UpdateTotal Payments
Flooding 1936
Alleged illegal flooding of reserve land and inadequate compensation paid for flooding damages.
Settled
Settled through Negotiations
Mar 2024
$204.00M
Bruce Lake Reserve Lands
Failure to set aside lands selected by the First Nation as reserve lands pursuant to Treaty 3.
Invited to Negotiate
Active
Jul 2022
-
Total$204.00M

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2023-24.

PositionNameMonthsHonorariaOther RemunerationTotal Remuneration (b)Expenses (c)Total
ChiefClifford Bull12$109,367$9,019$118,386$17,605$118,386
CouncillorDerek Maud11$77,314$3,846$81,160$11,674$81,160
CouncillorElvis Trout12$99,367$10,095$109,462$12,401$109,462
CouncillorClayton Littledeer12$99,367$10,058$109,425$18,451$109,425
CouncillorGerald Kejick12$99,367$0$99,367$14,267$99,367
CouncillorRaymond Angeconeb12$99,367$9,071$108,438$12,418$108,438
CouncillorSamantha Kejick12$99,367$9,071$108,438$20,806$108,438
CouncillorStanley Littledeer12$99,367$0$99,367$6,324$99,367
CouncillorWade Bull12$99,367$11,051$110,418$10,865$110,418
Total$882,250$62,211$944,461$124,811$944,461

This schedule has been audited. Prepared by: Fort Group Chartered Professional Accountants Inc.

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.