Muskrat Dam Lake

Financial data for Muskrat Dam Lake for fiscal year 2023-24. Muskrat Dam Lake is a First Nation in Ontario with a registered population of 515 and an on-reserve population of 292. 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 Muskrat Dam Lake'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.
$4.94M surplus
Balance for FY 2023-24
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$22.95M
Total revenue in FY 2023-24
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$18.01M
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.
$38.67M
As of fiscal year end 2023-24
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$46.50M
Total accumulated surplus

Remuneration and Expenses

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

PositionNameMonthsRemuneration [Note 2]Expenses [Note 3]Total
ChiefCharlie Beardy12$118,798$18,492$137,290
Deputy ChiefVietta Morris12$95,432$26,654$122,086
CouncillorGabriel Fiddler12$89,247$19,143$108,390
CouncillorJade Beardy12$89,247$15,071$104,318
CouncillorKorey Day12$97,997$31,230$129,227
Total$490,721$110,590$601,311

This schedule is unaudited. Prepared by: Priddle-Luck Professional Corporation

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.