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Muskrat Dam Lake

Financial data for Muskrat Dam Lake for fiscal year 2020-21. 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 2020-21

Visual breakdown of Muskrat Dam Lake'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.
$1.37M surplus
Balance for FY 2020-21
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$16.94M
Total revenue in FY 2020-21
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$15.57M
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.
$12.02M
As of fiscal year end 2020-21
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$341K
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$31.33M
As of fiscal year end 2020-21
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$33.13M
Total accumulated surplus

Remuneration and Expenses

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

PositionNameMonthsRemuneration [Note 2]Expenses [Note 3]Total
ChiefGordon Beardy6$36,888$6,172$43,060
ChiefVernon Morris6$49,245$9,243$58,488
Deputy Chief/ CouncillorCharlie Beardy12$73,747$18,551$92,298
Deputy ChiefGwen Duncan6$37,678$2,690$40,368
CouncillorVietta Morris12$68,577$37,053$105,630
CouncillorGabriel Fiddler6$28,240$7,188$35,428
CouncillorKathleen Beardy6$30,780$240$31,020
Total$325,155$81,137$406,292

This schedule is unaudited. Prepared by: Kevin Houghton Professional Corporation

View Other Fiscal Years

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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.

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