Lax Kw'alaams

Financial data for Lax Kw'alaams for fiscal year 2019-20. Lax Kw'alaams is a First Nation in British Columbia with a registered population of 4,210 and an on-reserve population of 750. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2019-20

Visual breakdown of Lax Kw'alaams's revenue sources and how funds were spent during fiscal year 2019-20.

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Financial Summary FY 2019-20

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$9.23M surplus
Balance for FY 2019-20
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$29.96M
Total revenue in FY 2019-20
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$20.73M
Total expenses in FY 2019-20

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2019-20.

Total Financial Assets
Cash, investments, accounts receivable, and other assets that can be converted to cash.
$23.96M
As of fiscal year end 2019-20
Total Liabilities
Accounts payable, long-term debt, and other obligations owed to external parties.
$12.83M
As of fiscal year end 2019-20
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$99.35M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Lax Kw'alaams.

ClaimStatusLast UpdateTotal Payments
Tsimpsean I.R. No. 2
(Band previous name: Port Simpson) Invalid surrender of the Tsimpsean Indian Reserve No. 2 held jointly with the Metlakatla FN, by Indian Reserve Commissioner in 1888.
Settled
Settled through Negotiations
Mar 2003
$17.75M
BC Cut-Off Lands (SPLIT #06)
(Band previous name: Port Simpson) Alienation of reserve land arising from decisions of the McKenna-McBride Commission in 1916.
Settled
Settled through Negotiations
Sep 2008
$150K
Housing
(Band previous name: Port Simpson) Alleged DIA failure to secure repayment of monies paid from FN funds.
Concluded
Claim Resolved through Administrative Remedy
Jun 1986
-
Khyex I.R. No. 8
(Band previous name: Port Simpson) Alleged that Yellowhead Highway, built through Khyes I.R. No. 8 in 1942 as a war measure, was done without adequate compensation.
Other
File Closed
Apr 1988
-
Dominion Telegraph Line Across Tsimpsean IR 2
Alleges the illegal crossing of Port Simpson Tsimpsean IR No. 2 by approximately 12 miles (approximately 19.3 km) of telephone-telegraph line, constructed in 1909, and the illegal harvesting of timber resources during the line's construction.
Invited to Negotiate
Active
Jan 2018
-
Total$17.90M

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2019-20.

PositionNameMonthsRemunerationExpensesTotal
Band AdministratorErminio Pucci8$48,000$0$48,000
Chief Operating OfficerStephen Conway3$40,551$15,107$55,658
Total$88,551$15,107$103,658

This schedule is unaudited. Prepared by: Carlyle Shepherd & Co.

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.