Coldwater

Financial data for Coldwater for fiscal year 2016-17. Coldwater is a First Nation in British Columbia with a registered population of 952 and an on-reserve population of 377. Information is extracted from publicly available annual reports published under the First Nations Financial Transparency Act.

Revenue and Expenses FY 2016-17

Visual breakdown of Coldwater's revenue sources and how funds were spent during fiscal year 2016-17.

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Financial Summary FY 2016-17

Surplus/Deficit
The difference between total revenue and total expenses. A surplus indicates revenue exceeded expenses.
$225K surplus
Balance for FY 2016-17
Total Revenue
All revenue collected during the fiscal year, including transfers, own-source revenue, and other funding.
$6.53M
Total revenue in FY 2016-17
Total Expenses
All expenses incurred during the fiscal year including program delivery, administration, and capital costs.
$6.31M
Total expenses in FY 2016-17

Statement of Financial Position

Assets, liabilities, and net financial position as of the end of fiscal year 2016-17.

Tangible Capital Assets
Land, buildings, equipment, vehicles, and infrastructure owned by the First Nation.
$3.90M
As of fiscal year end 2016-17
Accumulated Surplus
The cumulative surplus accumulated over time from operations.
$11.70M
Total accumulated surplus

Land Claims

Historical and ongoing land claims involving Coldwater.

ClaimStatusLast UpdateTotal Payments
Alienation of Land at Ntstlatko
Crown officials with authority to set aside Indian reserves in the Nicola Valley, as well as their superiors, failed in their fiduciary duty to act reasonably, with diligence, and in the best interests of Coldwater when failing to protect the settlement at Ntslatko.
Invited to Negotiate
Awaiting Response
Apr 2025
-
Coldwater Valley Reserve Creation
Crown failed to accurately, or at all, ascertain the wants and needs of Coldwater Indian Band when the Coldwater Valley Reserves were first allotted in 1878 and in so doing set aside insufficient reserve land to support Coldwater.
Invited to Negotiate
Active
Dec 2025
-
Total$0

Remuneration and Expenses

Salaries, honoraria, travel, and other expenses paid to elected officials and senior employees during fiscal year 2016-17.

PositionNameMonthsSalaryHonorariaOther remunerationSubtotalTravel and other expensesTotal
ChiefTerrence Lee Spahan12$0$41,564$0$41,564$23,191$41,564
Councillor (Band Administrator)Laura Antoine12$0$620$0$620$2,982$620
CouncillorAnnie Major12$0$3,820$0$3,820$863$3,820
CouncillorMichael Smithers12$0$4,078$0$4,078$714$4,078
CouncillorShelly Oppenheim12$0$4,528$0$4,528$238$4,528
CouncillorCarol Smith12$0$3,530$0$3,530$238$3,530
CouncillorHarry Spahan12$0$7,838$0$7,838$3,693$7,838
Councillor (Education Coordinator)Jessie Aljam (Voght)12$0$2,620$0$2,620$238$2,620
Total$0$68,598$0$68,598$32,157$68,598

This schedule is unaudited. Prepared by: MNP LLP

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.