Potlotek First Nation

Financial data for Potlotek First Nation for fiscal year 2018-19. Potlotek First Nation is a First Nation in Nova Scotia with a registered population of 856 and an on-reserve population of 676. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2018-19

Visual breakdown of Potlotek First Nation's revenue sources and how funds were spent during fiscal year 2018-19.

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Financial Summary FY 2018-19

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$1.68M surplus
Balance for FY 2018-19
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$20.81M
Total revenue in FY 2018-19
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$19.14M
Total expenses in FY 2018-19

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2018-19.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$4.42M
As of fiscal year end 2018-19
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$13.49M
As of fiscal year end 2018-19
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$9.07M (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$14.58M
As of fiscal year end 2018-19
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$8.40M
Total accumulated surplus

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2018-19.

PositionNameMonthsSalary and HonorariaPayment to Related BusinessOtherTravel ExpensesTotalTotal
ChiefWilbert Marshall$61,200$0$0$11,319-$72,519
CouncilorJimmy Marshall$42,840$0$8,301$11,452-$62,593
CouncilorBlayne Murray$42,840$0$0$985-$43,825
CouncilorBasil Johnson$27,187$0$0$3,439-$30,626
CouncilorWayne Johnson$27,187$0$0$4,060-$31,247
CouncilorJeremy Basque$27,187$24,421$0$1,838-$53,446
CouncilorAnita Basque$42,840$0$0$4,573-$47,413
CouncilorQuentin Doucette$42,840$0$4,846$3,416-$51,102
CouncilorSandra Basque-Johnson$18,125$0$0$2,932-$21,057
CouncilorMaynard Marshall$18,125$0$0$3,176-$21,301
CouncilorJocelyn Marshall$18,229$0$0$2,647-$20,876
Total$368,600$24,421$13,147$49,837$0$456,005

This schedule is unaudited. Prepared by: MGM & Associates

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.