Cheam First Nation

Financial data for Cheam First Nation for fiscal year 2020-21. Cheam First Nation is a First Nation in British Columbia with a registered population of 586 and an on-reserve population of 255. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2020-21

Visual breakdown of Cheam First Nation's revenue sources and how funds were spent during fiscal year 2020-21.

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Financial Summary FY 2020-21

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$5.63M surplus
Balance for FY 2020-21
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$13.13M
Total revenue in FY 2020-21
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$7.50M
Total expenses in FY 2020-21

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2020-21.

Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$11.57M
As of fiscal year end 2020-21
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$25.25M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Cheam First Nation.

ClaimStatusLast UpdateTotal Payments
Cheam I.R. No. 1
Presented by the Alliance of Tribal Councils. Alleged improper alienation of land from Cheam I.R. No. 1 for CNR right-of-way.
Settled
Settled through Negotiations
Aug 2013
$515K
Total$515K

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2020-21.

PositionNameMonthsRemuneration [Note 2]Expenses [Note 3]Total
ChiefAndrew Victor12$58,857$0$58,857
CouncilorLincoln Douglas12$83,906$0$83,906
CouncilorRick Quipp12$33,215$221$33,436
CouncilorDarwin Douglas12$14,200$0$14,200
CouncilorBruce Douglas12$37,473$435$37,908
CouncilorStephanie Fredette12$42,235$0$42,235
Total$269,886$656$270,542

This schedule has been audited. Prepared by: MNP 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.