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Madawaska Maliseet First Nation

Financial data for Madawaska Maliseet First Nation for fiscal year 2014-15. Madawaska Maliseet First Nation is a First Nation in New Brunswick with a registered population of 378 and an on-reserve population of 154. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2014-15

Visual breakdown of Madawaska Maliseet First Nation's revenue sources and how funds were spent during fiscal year 2014-15.

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Financial Summary FY 2014-15

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$5.50M surplus
Balance for FY 2014-15
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$11.03M
Total revenue in FY 2014-15
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$5.53M
Total expenses in FY 2014-15

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2014-15.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$11.10M
As of fiscal year end 2014-15
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$1.76M
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$25.08M
As of fiscal year end 2014-15
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$26.95M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Madawaska Maliseet First Nation.

ClaimStatusLast UpdateTotal Payments
St-Basile - Pipeline R/W
Claimants allege that 7.88 acres of reserve land taken in 1870 by NB Railway (succeeded by CPR), then abandoned as railway land in 1936, should have been returned to the FN and not leased (in 1970) to Fraser Co. for pipeline and 3.8 acres of reserve land taken for a Railway should have been returned to the FN.
Settled
Settled through Negotiations
Mar 2008
$5.71M
Alienation of Reserve Lands
Claimants allege reserve land was illegally alienated from the reserve between the 1790s and 1850s.
Settled
Settled through Negotiations
Mar 2021
$145.00M
Total$150.71M

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2014-15.

PositionNameMonthsSalary $Travel expenses $Honoraria $Other remuneration $Total $
Chief / Legal advisorPatricia Bernard12$110,000$4,385$30,000$7,900-
Councillor / Natural resources directorDiane Pelletier12$72,800$3,800$30,000$6,785-
Councillor / Band administratorDonna Bourgeault12$62,675$1,180$30,000$6,460-
Total$245,475$9,365$90,000$21,145$0

This schedule has been audited. Prepared by: Dale Soucy, CPA, CGA

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.