SIPEKNE'KATIK

Financial data for SIPEKNE'KATIK for fiscal year 2021-22. 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 2021-22

Visual breakdown of SIPEKNE'KATIK's revenue sources and how funds were spent during fiscal year 2021-22.

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Financial Summary FY 2021-22

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$8.76M surplus
Balance for FY 2021-22
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$51.66M
Total revenue in FY 2021-22
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$42.90M
Total expenses in FY 2021-22

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2021-22.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$63.31M
As of fiscal year end 2021-22
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$7.85M (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$29.83M
As of fiscal year end 2021-22
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$22.22M
Total accumulated surplus

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2021-22.

PositionNameMonthsHonorariaOtherTotalTravel Expenses
ChiefMichael P Sack12$63,658$0$63,658$3,095
CouncillorMary Ellen Syliboy12$45,555$0$45,555$368
CouncillorTimothy Nevin12$45,555$0$45,555$160
CouncillorKeith Julian12$45,555$0$45,555$448
CouncillorDoreen E Knockwood12$45,555$0$45,555$0
CouncillorGerry Augustine12$45,555$0$45,555$608
CouncillorGavin Michael12$45,555$0$45,555$436
CouncillorMichelle Glasgow12$45,555$0$45,555$0
CouncillorLena Knockwood12$45,555$0$45,555$2,244
CouncillorBrandon Maloney12$45,555$0$45,555$436
CouncillorRufus Copage12$45,182$0$45,182$448
CouncillorCheryl Gehue12$45,555$0$45,555$1,652
Total$564,390$0$564,390$9,895

This schedule is unaudited. Prepared by: Lenehan McCain & 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.