Lake Babine Nation

Financial data for Lake Babine Nation for fiscal year 2017-18. 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 2017-18

Visual breakdown of Lake Babine Nation'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.
$1.36M deficit
Balance for FY 2017-18
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$26.85M
Total revenue in FY 2017-18
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$28.21M
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.
$12.48M
As of fiscal year end 2017-18
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$16.11M
As of fiscal year end 2017-18
Net Debt
Financial liabilities minus financial assets. A negative value indicates net financial assets.
$3.63M (surplus)
Financial liabilities less financial assets
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$26.43M
As of fiscal year end 2017-18
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$23.01M
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 2017-18.

PositionNameMonthsWagesRemuneration [Note 2]Expenses [Note 3]Total
ChiefWilfred Adam12$92,327$13,500$88,355$194,182
Deputy ChiefBessie West10$0$54,000$50,762$104,762
CouncilorMelvin Joseph12$0$51,500$4,614$56,114
CouncilorDerek Macdonald12$0$49,500$9,117$58,617
CouncilorDarren Patrick12$0$49,500$21,965$71,465
CouncilorDarcy Dennis12$0$49,500$26,165$75,665
CouncilorMillie Alec George12$0$49,500$20,684$70,184
CouncilorDolores Alec12$0$49,500$38,149$87,649
CouncilorVerna Power12$0$49,500$56,782$106,282
CouncilorClara Williams12$0$49,500$28,855$78,355
Total$92,327$465,500$345,448$903,275

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.