Lake Babine Nation

Financial data for Lake Babine Nation for fiscal year 2020-21. 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 2020-21

Visual breakdown of Lake Babine 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.
$10.30M surplus
Balance for FY 2020-21
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$37.08M
Total revenue in FY 2020-21
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$26.78M
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.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$29.44M
As of fiscal year end 2020-21
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$35.48M
As of fiscal year end 2020-21
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$48.41M
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 2020-21.

PositionNameMonthsRemuneration [Note 2]Expenses [Note 3]Total
ChiefGordon Alec12$86,500$546$87,046
Deputy ChiefDerek Macdonald12$61,500$209$61,709
Woyenne CouncillorMelvin Joseph12$49,500$333$49,833
Woyenne CouncillorMurphy Abraham12$50,000$1,624$51,624
Woyenne CouncillorCheyenne Dennis12$49,500$1,351$50,851
Tachet CouncillorShane Modine12$49,500$1,936$51,436
Tachet CouncillorDolores Alec12$49,500$2,050$51,550
Fort Babine CouncillorBessie West12$49,500$481$49,981
Fort Babine CouncillorJohn West12$49,500$2,845$52,345
Old Fort CouncillorVerna Power12$50,250$11,307$61,557
Total$545,250$22,682$567,932

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.