Fort McKay First Nation

Financial data for Fort McKay First Nation for fiscal year 2023-24. Fort McKay First Nation is a First Nation in Alberta with a registered population of 1,037 and an on-reserve population of 456. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2023-24

Visual breakdown of Fort McKay First Nation's revenue sources and how funds were spent during fiscal year 2023-24.

Loading...

Financial Summary FY 2023-24

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$45.64M surplus
Balance for FY 2023-24
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$111.25M
Total revenue in FY 2023-24
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$65.60M
Total expenses in FY 2023-24

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2023-24.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$305.88M
As of fiscal year end 2023-24
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$39.70M
As of fiscal year end 2023-24
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$160.35M
As of fiscal year end 2023-24
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$426.85M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Fort McKay First Nation.

ClaimStatusLast UpdateTotal Payments
Treaty Land Entitlement
Unfulfilled treaty land entitlement under Treaty No. 8.
Settled
Settled through Negotiations
Mar 2004
$41.50M
Treaty 8 Agricultural Benefits
Failure to provide agricultural benefits pursuant to Treaty No. 8.
Settled
Settled through Negotiations
Mar 2004
-
Total$41.50M

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2023-24.

PositionNameMonthsSalaryHonorariaOther RenumerationTotalTravel Expenses
Chief-12$391,828$21,600$75,000$488,428$75,392
Chief-1$17,308$0$0$17,308$0
Councillor-12$325,000$19,000$60,000$404,000$41,425
Councillor-12$336,538$21,000$60,000$417,538$14,785
Councillor-12$325,000$21,000$60,000$406,000$17,656
Councillor-12$325,000$21,000$60,000$406,000$48,347
Councillor-1$13,846$0$0$13,846$5,589
Total$1,734,520$103,600$315,000$2,153,120$203,194

This schedule has been audited. Prepared by: Pennock Acheson Nielsen Devaney LLP

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.