Muskrat Dam Lake

Financial data for Muskrat Dam Lake for fiscal year 2019-20. 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 2019-20

Visual breakdown of Muskrat Dam Lake's revenue sources and how funds were spent during fiscal year 2019-20.

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Financial Summary FY 2019-20

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$8K surplus
Balance for FY 2019-20
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$17.16M
Total revenue in FY 2019-20
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$17.15M
Total expenses in FY 2019-20

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2019-20.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$9.88M
As of fiscal year end 2019-20
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$52K (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$30.61M
As of fiscal year end 2019-20
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$31.76M
Total accumulated surplus

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2019-20.

PositionNameMonthsRemuneration [Note 2]Expenses [Note 3]Total
ChiefVernon Morris12$62,380$25,393$87,773
Deputy ChiefGwen Duncan12$56,920$32,690$89,610
CouncillorCharlie Beardy12$51,760$29,790$81,550
CouncillorVietta Morris12$56,140$31,898$88,038
CouncillorKathleen Beardy12$51,460$12,169$63,629
Total$278,660$131,940$410,600

This schedule is unaudited. Prepared by: Kevin Houghton 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.