Lake Babine Nation

Financial data for Lake Babine Nation for fiscal year 2015-16. Lake Babine Nation is a First Nation in British Columbia with a registered population of 2,558 and an on-reserve population of 1,018. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2015-16

Visual breakdown of Lake Babine Nation's revenue sources and how funds were spent during fiscal year 2015-16.

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Financial Summary FY 2015-16

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$2.39M surplus
Balance for FY 2015-16
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$31.08M
Total revenue in FY 2015-16
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$28.68M
Total expenses in FY 2015-16

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2015-16.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$11.40M
As of fiscal year end 2015-16
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$13.22M
As of fiscal year end 2015-16
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$1.82M (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$23.88M
As of fiscal year end 2015-16
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$22.10M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Lake Babine Nation.

ClaimStatusLast UpdateTotal Payments
Donald's Landing
Alleged failure to reserve lands sought by the First Nation.
Concluded
No Lawful Obligation Found
Jan 2010
-
Tachek I.R. 25
Alleged lands approved as a new reserve by the McKenna-McBride Commission were alienated as the result of improper survey.
Other
File Closed
May 2017
-
Total$0

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2015-16.

PositionNameMonthsRemuneration [Note 2]Expenses [Note 3]Total
ChiefWilf Adam12$106,018$70,865$176,883
Woyenne CouncillorDarren Patrick9$33,500$17,033$50,533
Woyenne CouncillorDerek MacDonald12$45,500$9,290$54,790
Woyenne CouncillorMelvin Joseph9$33,500$8,033$41,533
Woyenne CouncillorDarcy Dennis9$33,500$20,574$54,074
Tachet CouncillorDelores Alec12$45,900$40,833$86,733
Tachet CouncillorMillie George-Alec9$33,500$21,515$55,015
Old Fort CouncillorVerna Powers9$33,500$46,697$80,197
Fort Babine CouncillorClara Williams9$33,500$30,221$63,721
Deputy ChiefBessie West12$53,500$35,908$89,408
Deputy ChiefFrank Alec3$15,000$11,986$26,986
Fort Babine CouncillorFred Williams3$12,000$7,324$19,324
Tachet CouncillorLeonard Lawley3$12,000$6,519$18,519
Old Fort CouncillorEvelyn George3$12,727$10,811$23,538
Woyenne CouncillorPriscilla Crouse3$12,727$2,790$15,517
Woyenne CouncillorGordon Alec3$12,727$1,403$14,130
Total$529,099$341,802$870,901

This schedule has been audited. Prepared by: DMC Chartered Professional Accountants Inc.

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.