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Lake Manitoba

Financial data for Lake Manitoba for fiscal year 2017-18. Lake Manitoba is a First Nation in Manitoba with a registered population of 2,360 and an on-reserve population of 1,059. 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 Lake Manitoba'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.
$272K surplus
Balance for FY 2017-18
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$21.24M
Total revenue in FY 2017-18
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$20.97M
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.
$1.88M
As of fiscal year end 2017-18
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$25.21M
As of fiscal year end 2017-18
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$23.33M (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$30.26M
As of fiscal year end 2017-18
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$20.79M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Lake Manitoba.

ClaimStatusLast UpdateTotal Payments
North-South Public Roads
Alleged expropriation of part of its reserve for north-south public roads.
Other
File Closed
Nov 2012
-
P.T.H. No. 68
Alleged expropriation of part of its reserve for P.T.H. No. 68.
Other
File Closed
Feb 2013
-
Treaty 2 Agricultural Benefits
Alleges the failure to provide the agricultural benefits promised in the terms, both written and oral, of Treaty 2 in 1871 and the Revision of Treaty 2 in 1875.
Under Assessment
Date Research & Analysis started
Jan 2024
-
Total$0

Remuneration and Expenses

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

PositionNameMonthsRemunerationExpensesTOTAL
ChiefCornell McLean12$67,600$42,889-
CouncillorFlorence McLean12$45,968$32,023-
CouncillorPreston Swan12$45,968$41,983-
CouncillorDwight Paul12$45,968$37,708-
CouncillorKevin Swan12$45,968$32,270-
Total$251,472$186,873$0

This schedule is unaudited. Prepared by: Collins Barrow HMA LLP

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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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