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SIPEKNE'KATIK

Financial data for SIPEKNE'KATIK for fiscal year 2017-18. SIPEKNE'KATIK is a First Nation in Nova Scotia with a registered population of 3,091 and an on-reserve population of 1,457. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2017-18

Visual breakdown of SIPEKNE'KATIK's revenue sources and how funds were spent during fiscal year 2017-18.

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Financial Summary FY 2017-18

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$11.73M surplus
Balance for FY 2017-18
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$41.20M
Total revenue in FY 2017-18
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$29.47M
Total expenses in FY 2017-18

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2017-18.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$6.70M
As of fiscal year end 2017-18
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$12.73M
As of fiscal year end 2017-18
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$6.02M (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$22.32M
As of fiscal year end 2017-18
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$16.32M
Total accumulated surplus

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2017-18.

PositionNameMonthsSalaryHonorariaOtherTotalTravel ExpensesTotal
ChiefMichael P. Sack12$61,793$0$1,502$63,295$13,338$76,633
CouncillorMary Ellen Sylliboy12$43,789$0$0$43,789$2,939$46,728
CouncillorThomas Jefferson Howe12$43,789$0$926$44,715$14,928$59,643
CouncillorColleen Mary Rebecca Jane Knockwood12$43,789$0$0$43,789$0$43,789
CouncillorAlexander McDonald12$43,789$0$0$43,789$3,034$46,823
CouncillorTimothy Nevin12$43,789$0$926$44,715$3,116$47,831
CouncillorKeith J. Julian12$43,789$0$1,626$45,415$7,878$53,293
CouncillorDoreen Knockwood12$43,789$0$0$43,789$0$43,789
CouncillorGlen P. Knockwood12$43,789$0$0$43,789$0$43,789
CouncillorEarl Sack12$43,789$0$0$43,789$1,234$45,023
CouncillorGerry Augustine12$43,789$0$1,626$45,415$8,633$54,048
CouncillorVirginia Peter-Paul12$43,789$0$1,276$45,065$6,032$51,097
CouncillorDerrick Nevin12$43,789$0$1,626$45,415$12,707$58,122
Total$587,261$0$9,508$596,769$73,839$670,608

This schedule is unaudited. Prepared by: Andrew D. Lenehan, CPA, CA

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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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