Lake Babine Nation

Financial data for Lake Babine Nation for fiscal year 2023-24. 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 2023-24

Visual breakdown of Lake Babine Nation's revenue sources and how funds were spent during fiscal year 2023-24.

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Financial Summary FY 2023-24

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$22.50M surplus
Balance for FY 2023-24
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$68.27M
Total revenue in FY 2023-24
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$45.77M
Total expenses in FY 2023-24

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2023-24.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$142.15M
As of fiscal year end 2023-24
Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$44.56M
As of fiscal year end 2023-24
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$103.52M
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 2023-24.

PositionNameMonthsRemuneration [Note 2]Expenses [Note 3]Total
ChiefMurphy Abraham12$110,526$112,381$222,907
Deputy ChiefDerek Macdonald12$60,000$38,620$98,620
Woyenne CouncillorMelvin Joseph12$48,000$25,574$73,574
Woyenne CouncillorDebbie West12$48,000$29,550$77,550
Woyenne CouncillorJason Charlie12$48,000$41,043$89,043
Tachet CouncillorWayne Johnson12$47,670$37,884$85,554
Tachet CouncillorMillie Alec-George12$47,920$31,644$79,564
Fort Babine CouncillorBessie West12$50,000$33,007$83,007
Fort Babine CouncillorRobbie Reid12$50,000$19,753$69,753
Old Fort CouncillorVerna Power12$46,150$82,082$128,232
Total$556,266$451,538$1,007,804

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.