First Nations / Mississaugas of Scugog Island First Nation / 2022-2023
Audited consolidated financial statementsFY 2022-2023
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Statements as published · FY 2022-2023
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CONSOLIDATED FINANCIAL POSITION
FY 2022-2023 · PDF page 7
FA − FL = Net FA: matchedNet FA + NFA = Acc. surplus: matched
| 2023 | 2022 | |
|---|---|---|
| FINANCIAL ASSETS | ||
| Cash (note 3)n3 | 636,716 | -⚑ |
| Due from government and accounts receivable (note 4)n4 | 3,102,347 | 1,874,822 |
| Notes receivable, without interest | 188,820 | -⚑ |
| Inventories for resale (note 6)n6 | 823,312 | 965,372 |
| Restricted cash (note 7)n7 | 478,776 | 391,171 |
| [total financial assets] | 5,229,971 | 3,231,365 |
| LIABILITIES | ||
| Bank overdraft (note 3)n3 | -⚑ | 49,822 |
| Bank loan (note 8)n8 | -⚑ | 155,000 |
| Accounts payable and accrued liabilities (note 9)n9 | 1,482,272 | 514,296 |
| Due to government/other government organizations (note 10)n10 | 341,803 | 550,957 |
| Trust funds held by ISC (note 5)n5 | 806 | 787 |
| Deferred revenue (note 11)n11 | 1,861,823 | 975,818 |
| Long-term debt (note 12)n12 | 1,659,708 | 1,781,513 |
| [total liabilities] | 5,346,412 | 4,028,193 |
| NET DEBT | (116,441) | (796,828) |
| NON FINANCIAL ASSETS | ||
| Prepaid expenses (note 16)n16 | 448,150 | 385,966 |
| Deposit on tangible capital assets | -⚑ | 579,988 |
| Tangible capital assets (note 13)n13 | 10,600,076 | 10,160,707 |
| Intangible assets (note 15)n15 | 1,000,000 | -⚑ |
| Construction in progress (note 14)n14 | 2,369,586 | 1,835,081 |
| [total non-financial assets] | 14,417,812 | 12,961,742 |
| ACCUMULATED SURPLUS | 14,301,371 | 12,164,914 |
CONSOLIDATED OPERATIONS AND CHANGES IN ACCUMULATED SURPLUS
FY 2022-2023 · PDF page 8
Rev − Exp = Surplus: matched
| 2023 Budget (Unaudited)(budget) | 2023 Actual | 2022 Actual | |
|---|---|---|---|
| REVENUE | |||
| Federal government transfers for operating (note 23)n23 | 4,813,295 | 3,481,815 | 4,000,819 |
| Federal government transfers for capital (note 23)n23 | 930,524 | 1,141,165 | 1,147,627 |
| Provincial government transfers for operating (note 23)n23 | 608,381 | 572,228 | 368,708 |
| Rental income | 115,000 | 115,426 | 91,167 |
| Fisheries | 3,320,000 | 3,384,406 | 3,826,267 |
| Aquaculture | 130,000 | 132,014 | 67,592 |
| Tobacco sales | 215,000 | 214,910 | 248,470 |
| Fuel sales | 900,000 | 896,836 | 610,480 |
| Boat shop and consulting income | 300,000 | 719,434 | 102,739 |
| Other | 351,096 | 873,232 | 705,375 |
| [total revenue] | 11,683,296 | 11,531,466 | 11,169,244 |
| EXPENSES | |||
| Economic Development | 1,334,000 | 1,311,283 | 1,122,183 |
| Education | 1,150,636 | 949,242 | 915,560 |
| Income Assistance | 590,847 | 627,879 | 525,605 |
| Assisted Living | 32,196 | 32,196 | 39,953 |
| Facilities - Operations and maintenance | 113,885 | 134,129 | 114,567 |
| Other Capital | 236,971 | 449,889 | 308,521 |
| Indian Government Support | 2,295,129 | 1,318,641 | 1,478,726 |
| Health | 631,238 | 553,051 | 562,174 |
| Aquaculture | 130,000 | 318,514 | (75,850) |
| Fisheries | 2,038,394 | 1,993,648 | 2,318,135 |
| Natural Resources | 45,000 | 39,709 | 48,263 |
| Consulting | 324,000 | 886,461 | 334,782 |
| Amortization | 1,045,444 | 1,045,444 | 893,842 |
| Gain on disposal of tangible capital assets | -⚑ | (265,077) | (308,869) |
| [total expenses] | 9,967,740 | 9,395,009 | 8,277,592 |
| ANNUAL SURPLUS | 1,715,556 | 2,136,457 | 2,891,652 |
| ACCUMULATED SURPLUS, AS PREVIOUSLY REPORTED | 11,307,058 | 11,307,058 | 8,625,637 |
| PRIOR PERIOD ADJUSTMENTS (Note 2)n2 | -⚑ | 857,856 | 647,625 |
| ACCUMULATED SURPLUS, BEGINNING OF PERIOD | 11,307,058 | 12,164,914 | 9,273,262 |
| ACCUMULATED SURPLUS, END OF PERIOD | 13,022,614 | 14,301,371 | 12,164,914 |
CONSOLIDATED CHANGES IN NET DEBT
FY 2022-2023 · PDF page 9
| 2023 | 2022 | |
|---|---|---|
| ANNUAL SURPLUS | 2,136,457 | 2,891,652 |
| Tangible capital assets | ||
| Acquisition of tangible capital assets | (1,649,688) | (2,292,011) |
| Acquisition of intangible assets | (1,000,000) | -⚑ |
| Amortization of tangible capital assets | 1,045,444 | 893,841 |
| Deposit on tangible capital assets | 579,988 | (446,690) |
| Gain on disposal of tangible capital assets | (265,077) | (308,869) |
| Proceeds on disposal of tangible capital assets | 429,951 | 339,863 |
| [subtotal tangible capital assets] | (859,382) | (1,813,866) |
| Other non-financial assets | ||
| Additions of construction in progress | (534,504) | (394,259) |
| Increase of prepaid expense | (62,184) | (136,748) |
| [subtotal other non-financial assets] | (596,688) | (531,007) |
| CHANGE IN NET DEBT | 680,387 | 546,779 |
| NET DEBT, BEGINNING OF YEAR | (796,828) | (1,343,607) |
| NET DEBT, END OF YEAR | (116,441) | (796,828) |
CONSOLIDATED CASH FLOWS
FY 2022-2023 · PDF page 11
| 2023 | 2022 | |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Annual surplus | 2,136,457 | 2,891,652 |
| Add (deduct) non-cash items : | ||
| Amortization | 1,045,444 | 893,841 |
| Loss (gain) on disposal of tangible capital assets | (265,077) | 30,994 |
| [subtotal operations] | 2,916,824 | 3,816,487 |
| Net change in non-cash working capital items | ||
| Due from government and accounts receivable | (1,227,525) | (662,720) |
| Notes receivable | (188,820) | -⚑ |
| Prepaid | (62,184) | (136,748) |
| Inventories | 142,060 | (189,074) |
| Accounts payable and accrued liabilities | 967,978 | 61,477 |
| Due to government and other government organizations | (209,154) | 90,924 |
| Deferred revenue | 886,005 | (364,235) |
| [total change in non-cash] | 3,225,184 | 2,616,111 |
| FINANCING ACTIVITIES | ||
| Increase of long-term debt | -⚑ | 133,426 |
| Repayment of long-term debt | (121,805) | (161,103) |
| Variation in bank loan | (155,000) | 155,000 |
| Transfer to the operating replacement reserve fund | (12,321) | (9,653) |
| Transfer to the replacement reserve fund | (75,265) | (19,557) |
| [total financing] | (364,391) | 98,113 |
| CAPITAL ACTIVITIES | ||
| Deposit on capital assets | 579,986 | (446,690) |
| Addition to capital assets | (1,649,688) | (2,292,011) |
| Proceeds from disposal of capital assets | 429,951 | -⚑ |
| Net increase in construction in progress | (534,504) | (394,259) |
| Addition to intangible assets | (1,000,000) | -⚑ |
| [total capital] | (2,174,255) | (3,132,960) |
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 686,538 | (418,736) |
| CASH AND CASH EQUIVALENTS, BEGINNING | (49,822) | 368,914 |
| CASH AND CASH EQUIVALENTS (BANK OVERDRAFT), ENDING | 636,716 | (49,822) |
Notes to the financial statements
Verbatim, as published. Statement lines above link to their notes.
Note 3CASH (BANK OVERDRAFT)
| 2023 | 2022 | |
|---|---|---|
| Cash (bank overdraft) in operating accounts | 636,716 | (49,822) |
Note 4DUE FROM GOVERNMENT AND ACCOUNTS RECEIVABLE
| 2023 | 2022 | |
|---|---|---|
| Due from Government and Other Government Organizations | ||
| Fisheries and Oceans Canada | 269,671 | 127,288 |
| Indigenous Services Canada | 1,424,528 | 1,256,620 |
| Canada Mortgage and Housing Corporation | 22,996 | 28,025 |
| Sales tax | -⚑ | 2,143 |
| Provincial Government | 213,176 | 42,267 |
| [total due from government] | 1,930,371 | 1,456,343 |
| Accounts receivable | ||
| Clients | 97,955 | 61,921 |
| Lease receivable (a) | 240,000 | 105,500 |
| Other receivables | 834,021 | 251,058 |
| [total accounts receivable] | 1,171,976 | 418,479 |
| [total] | 3,102,347 | 1,874,822 |
Note 5OTTAWA TRUST MONEYS
| Beginning balance | Additions(other) | Withdrawals(other) | Ending balance(other) | |
|---|---|---|---|---|
| Trust - capital | 142 | -⚑ | -⚑ | 142 |
| Trust - revenue | 645 | 19 | -⚑ | 664 |
| Total | 787 | 19 | -⚑ | 806 |
Note 6INVENTORIES FOR RESALE
| 2023 | 2022 | |
|---|---|---|
| Tobacco | 45,774 | 68,769 |
| Fuel | 17,904 | 7,018 |
| Oysters | 725,381 | 857,856 |
| Other | 34,253 | 31,729 |
| [total] | 823,312 | 965,372 |
Note 7RESTRICTED CASH
| 2023 | 2022 | |
|---|---|---|
| Cash in Ottawa Trusts | 806 | 787 |
| Operating reserve fund | 46,669 | 34,348 |
| Replacement reserve fund | 373,801 | 356,036 |
| Replacement reserve fund - CMHC accounts receivable | 57,500 | -⚑ |
| [total] | 478,776 | 391,171 |
Note 9ACCOUNTS PAYABLE AND ACCRUED LIABILITIES
| 2023 | 2022 | |
|---|---|---|
| Suppliers | 1,400,553 | 456,787 |
| Payroll deductions | 17,071 | 17,816 |
| Sales tax | 24,713 | -⚑ |
| Accrued expenses | 39,935 | 39,693 |
| [total] | 1,482,272 | 514,296 |
Note 10DUE TO GOVERNMENT AND OTHER GOVERNMENT ORGANIZATIONS
| 2023 | 2022 | |
|---|---|---|
| Provincial government | 341,803 | 550,957 |
Note 11DEFERRED REVENUE
| Balance Beginning of year | Amount of funding received(other) | Amount recognized as revenue(other) | Balance end of year(other) | |
|---|---|---|---|---|
| Federal Government | ||||
| ISC - Mitigation | 82,095 | -⚑ | 1,288 | 80,807 |
| ISC - Renovation | -⚑ | 250,000 | 90,730 | 159,270 |
| ISC - Skill Link Prog | 10,146 | 136,721 | 99,304 | 47,563 |
| ISC - Ventilation | 3,778 | -⚑ | 3,778 | -⚑ |
| ISC - IAFNYES | 10,146 | 17,191 | 17,803 | 9,534 |
| ISC - Basic needs | -⚑ | 108,810 | 91,270 | 17,540 |
| ISC - Firesmart | 12,174 | -⚑ | 12,174 | -⚑ |
| ISC - Admin & Support - Estates | -⚑ | 42,400 | -⚑ | 42,400 |
| ISC - ESE Implen/Expan AD EDU | -⚑ | 12,546 | -⚑ | 12,546 |
| ISC - Planning Design & Constr | 203,283 | -⚑ | 203,283 | -⚑ |
| ISC - MJR Renos, Extensns& Repair | -⚑ | 54,290 | -⚑ | 54,290 |
| ISC - Health Canada | 44,042 | 92,116 | 44,042 | 92,116 |
| ISC - Roads and bridges | 54,847 | 500,000 | 5,780 | 549,067 |
| ISC - Perimeter security | 16,200 | -⚑ | 16,200 | -⚑ |
| ISC - Need Base EMAP | 8,700 | -⚑ | 8,700 | -⚑ |
| ISC - Cap Planning Proj-Infra | -⚑ | 50,000 | -⚑ | 50,000 |
| CMHC - One-time special contribution | -⚑ | 57,500 | -⚑ | 57,500 |
| DFO - AICFI | -⚑ | 192,642 | 93,642 | 99,000 |
| Employment and Social Development Canada | 47,338 | 74,623 | 24,336 | 97,625 |
| Total Federal Government | 492,749 | 1,588,839 | 712,330 | 1,369,258 |
| Other | ||||
| North Shore Micmac District | 19,687 | 154,514 | 135,618 | 38,583 |
| Mi'gmaq Child and Family Services of New Brunswick | 439,047 | -⚑ | 66,379 | 372,668 |
| Other | 24,335 | 81,314 | 24,335 | 81,314 |
| Total Other | 483,069 | 235,828 | 226,332 | 492,565 |
| Total | 975,818 | 1,824,667 | 938,662 | 1,861,823 |
Note 12LONG-TERM DEBT
| 2023 | 2022 | |
|---|---|---|
| Loan paid during the year | -⚑ | 1,590 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $303 including capital and interest at the rate of 2.52%, maturing in 2028, renewable in September 2023, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 18,378 | 21,507 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $414 including capital and interest at the rate of 2.22%, maturing in 2033, renewable in January 2024, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 46,851 | 50,739 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $252 including capital and interest at the rate of 1.86%, maturing in March 2024, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 2,991 | 5,927 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $891 including capital and interest at the rate of 1.86%, maturing in 2034, renewable in April 2024, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on on housing unit. | 106,568 | 115,204 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $283 including capital and interest at the rate of 1.86%, maturing in 2029, renewable in April 2024, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 18,986 | 21,994 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $427 including capital and interest at the rate of 1.87%, maturing in 2039, renewable in May 2024, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 71,505 | 75,261 |
| Subtotal carried forward | 265,279 | 292,222 |
| 2023 | 2022 | |
|---|---|---|
| Subtotal from previous page | 265,279 | 292,222 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $260 including capital and interest at the rate of 0.65%, maturing in January 2025, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 5,682 | 8,752 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $268 including capital and interest at the rate of 0.69%, maturing in 2030, renewable in June 2025, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 22,515 | 25,569 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $422 including capital and interest at the rate of 0.69%, maturing in 2035, renewable in June 2025, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 59,013 | 63,647 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $766 including capital and interest at the rate of 0.69%, maturing in 2035, renewable in June 2025, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 107,992 | 116,411 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $414 including capital and interest at the rate of 0.68%, maturing in 2035, renewable in October 2025, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 56,432 | 60,996 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $260 including capital and interest at the rate of 1.30%, maturing in January 2026, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 8,689 | 11,680 |
| Subtotal carried forward | 525,602 | 579,277 |
| 2023 | 2022 | |
|---|---|---|
| Subtotal from previous page | 525,602 | 579,277 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $470 including capital and interest at the rate of 0.74%, maturing in 2041, renewable in February 2026, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 94,515 | 99,431 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $295 including capital and interest at the rate of 1.30%, maturing in 2031, renewable in April 2026, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 27,172 | 30,340 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $409 including capital and interest at the rate of 1.22%, maturing in 2040, renewable in May 2026, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 76,069 | 80,029 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $426 including capital and interest at the rate of 1.13%, maturing in 2036, renewable in June 2026, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 63,247 | 67,618 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $829 including capital and interest at the rate of 1.51%, maturing in 2036, renewable in November 2026, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 122,738 | 130,767 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $527 including capital and interest at the rate of 1.57%, maturing in 2041, renewable in December 2026, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 102,677 | 107,353 |
| Subtotal carried forward | 1,012,020 | 1,094,815 |
| 2023 | 2022 | |
|---|---|---|
| Subtotal from previous page | 1,012,020 | 1,094,815 |
| Loan secured by a first mortgage on buidings, repayable by monthly instalments of $455 including capital and interest at the rate of 1.50%, maturing in 2037, renewable in January 2027, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 68,189 | 72,594 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $479 including capital and interest at the rate of 1.50%, maturing in 2042, renewable in January 2027, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 94,376 | 98,682 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $322 including capital and interest at the rate of 1.88%, maturing in 2032, renewable in February 2027, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 31,397 | 34,635 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $482 including capital and interest at the rate of 2.27%, maturing in 2037, renewable in April 2027, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 69,357 | 73,546 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $515 including capital and interest at the rate of 2.27%, maturing in 2042, renewable in April 2027, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 95,651 | 99,648 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $340 including capital and interest at the rate of 3.04%, maturing in 2032, renewable in June 2027, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 32,357 | 35,480 |
| Subtotal carried forward | 1,403,347 | 1,509,400 |
| 2023 | 2022 | |
|---|---|---|
| Subtotal from previous page | 1,403,347 | 1,509,400 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $312 including capital and interest at the rate of 3.29%, maturing in September 2027, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 15,629 | 18,867 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $690 including capital and interest at the rate of 3.77%, maturing in 2042, renewable in December 2027, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 116,192 | 120,760 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $361 including capital and interest at the rate of 3.81%, maturing in 2033, renewable in March 2028, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on one housing unit | 35,552 | 38,723 |
| Loan secured by a first mortgage on buildings, repayable by monthly instalments of $630 including capital and interest at the rate of 3.52%, maturing in 2038, renewable in May 2028, secured by a ministerial guarantee from Indigenous Services Canada and a first mortgage on on housing unit. | 88,988 | 93,763 |
| [total long-term debt] | 1,659,708 | 1,781,513 |
| Principal repayments | |
|---|---|
| 2024 | 120,451 |
| 2025 | 119,243 |
| 2026 | 118,227 |
| 2027 | 117,740 |
| 2028 | 118,016 |
Note 13TANGIBLE CAPITAL ASSETS
| Land and Buildings | Roads and Paving(other) | Equipment and boat(other) | Vehicule(other) | Total 2023(other) | Total 2022(other) | |
|---|---|---|---|---|---|---|
| Cost | ||||||
| Opening balance | 11,340,035 | 820,486 | 3,245,890 | 414,620 | 15,821,031 | 13,631,220 |
| Additions | 1,297,019 | -⚑ | 272,683 | 79,986 | 1,649,688 | 2,292,011 |
| Disposals | (265,425) | -⚑ | (93,217) | -⚑ | (358,642) | (102,200) |
| Closing balance | 12,371,629 | 820,486 | 3,425,356 | 494,606 | 17,112,077 | 15,821,031 |
| Accumulated Amortization | ||||||
| Opening balance | 3,827,770 | 276,295 | 1,368,192 | 188,067 | 5,660,324 | 4,837,687 |
| Amortization | 497,051 | 26,188 | 452,606 | 69,599 | 1,045,444 | 893,843 |
| Accumulated amortization on disposals | (109,452) | -⚑ | (84,315) | -⚑ | (193,767) | (71,206) |
| Closing balance | 4,215,369 | 302,483 | 1,736,483 | 257,666 | 6,512,001 | 5,660,324 |
| Net book value | ||||||
| Opening net book value | 7,512,265 | 544,191 | 1,877,698 | 226,553 | 10,160,707 | 8,793,533 |
| Closing net book value | 8,156,260 | 518,003 | 1,688,873 | 236,940 | 10,600,076 | 10,160,707 |
| Increase in net book value | 643,995 | (26,188) | (188,825) | 10,387 | 439,369 | 1,367,174 |
Note 15INTANGIBLE ASSETS
| 2023 | 2022 | |
|---|---|---|
| Intangible assets not subject to amortization | ||
| Lobster licences | 1,000,000 | -⚑ |
Note 16PREPAID EXPENSES
| 2023 | 2022 | |
|---|---|---|
| Tuition fees | 205,082 | 225,287 |
| Insurance | 117,706 | 87,169 |
| Lease | 25,500 | 30,900 |
| Oyster spats | 99,000 | -⚑ |
| Other | 862 | 40,610 |
| [total] | 448,150 | 383,966 |
Note 21EXPENSES BY OBJECT
| 2023 | 2022 | |
|---|---|---|
| Wages & employee benefits | 1,501,543 | 1,672,012 |
| Fees and contract services | 1,192,488 | 883,173 |
| Insurance | 110,906 | 88,842 |
| Interest | 50,303 | 41,852 |
| Office supplies and equipment | 95,408 | 57,976 |
| Professional services | 30,450 | 38,465 |
| Repairs & maintenance | 444,699 | 287,875 |
| Supplies & services | 1,814,489 | 1,438,413 |
| Telephone | 24,644 | 18,554 |
| Travel | 58,484 | 31,373 |
| Tuition | 686,809 | 712,880 |
| Utilities | 342,350 | 340,173 |
| Other | 1,996,988 | 1,772,163 |
| Amortization | 1,045,448 | 893,841 |
| [total] | 9,395,009 | 8,277,592 |
Note 22RECONCILIATION OF INDIGENOUS SERVICES CANADA (ISC) FUNDING
| 2023 | |
|---|---|
| ISC funding per consolidated financial statements | 4,097,252 |
| Less: Deferred revenue - FNIHB_FES2020 - WENT - HF | 3,778 |
| Deferred revenue - Fns & Inuit - Skill Link Prog | 10,146 |
| Deferred revenue - Firesmart | 12,174 |
| Deferred revenue - Mitigation | 82,095 |
| Deferred revenue - Road and Bridges | 20,000 |
| Deferred revenue - Perim Secur Emap | 16,200 |
| Deferred revenue - ICSF - Need Base Emap | 8,700 |
| Deferred revenue - Local Roads & Bridges | 34,848 |
| Deferred revenue - Planning Design & Constr | 203,283 |
| Deferred revenue - Health | 44,041 |
| Deferred revenue - IAFNYES - IA | 10,146 |
| Accounts receivable - Recovery (Amendment #34) | 109,096 |
| Accounts receivable - Response (Amendment #55) | 23,462 |
| Accounts receivable - Recovery (Amendment #58) | 41,200 |
| Accounts receivable - Prov School Tuition | 27,888 |
| Subtotal carried forward | 647,057 |
| 2023 | |
|---|---|
| Subtotal from previous page | 647,057 |
| Plus: Deferred revenue - IAFNYES - IA | 9,534 |
| Deferred revenue - Fns & Inuit - Skill Link Prog | 47,563 |
| Deferred revenue - Basic Needs | 17,540 |
| Deferred revenue - Mitigation | 80,807 |
| Deferred revenue - Road and Bridges | 520,000 |
| Deferred revenue - Renovation | 159,270 |
| Deferred revenue - Admin & Support - Estates | 42,400 |
| Deferred revenue - Local Roads & Bridges | 29,068 |
| Deferred revenue - Mjr Renos, Extensns & Repair | 54,290 |
| Deferred revenue - ESE IMPLEN/EXPAN AD EDU | 12,546 |
| Deferred revenue - Cap Planning Proj-Infra | 50,000 |
| Deferred revenue - Health | 92,114 |
| Accounts receivable prior year - Response (Amendment #34) | 157,600 |
| Accounts receivable prior year- Recovery (Amendment #34) | 149,455 |
| [total plus] | 1,422,187 |
| Funding per ISC revenue confirmation | 4,872,382 |
Note 23GOVERNMENT TRANSFERS
| Operating(budget) | Capital | 2023 Total | |
|---|---|---|---|
| Federal government transfers | |||
| Indigenous Services Canada | 3,211,958 | 885,294 | 4,097,252 |
| Canada Mortgage and Housing Corporation | 147,588 | 34,935 | 182,523 |
| Department of Fisheries and Oceans | 114,219 | 220,936 | 335,155 |
| Employment and Social Development Canada | 8,050 | -⚑ | 8,050 |
| [total federal] | 3,481,815 | 1,141,165 | 4,622,980 |
| Provincial government transfers | 572,228 | -⚑ | 572,228 |
| [total] | 4,054,043 | 1,141,165 | 5,195,208 |
| Operating(budget) | Capital | 2022 Total | |
|---|---|---|---|
| Federal government transfers | |||
| Indigenous Services Canada | 3,562,404 | 780,954 | 4,343,358 |
| Canada Mortgage and Housing Corporation | 135,394 | 173,379 | 308,773 |
| Department of Fisheries and Oceans | 123,894 | 193,294 | 317,188 |
| Employment and Social Development Canada | 37,711 | -⚑ | 37,711 |
| Canada Emergency Wage Subsidy | 91,416 | -⚑ | 91,416 |
| Good Food Access Fund | 50,000 | -⚑ | 50,000 |
| [total federal] | 4,000,819 | 1,147,627 | 5,148,446 |
| Provincial government transfers | 368,708 | -⚑ | 368,708 |
| [total] | 4,369,527 | 1,147,627 | 5,517,154 |
Note 24SEGMENT DISCLOSURE
| Economic Development 2023 | Economic Development 2022(other) | Education 2023(other) | Education 2022(other) | Social Assistance 2023(other) | Social Assistance 2022(other) | Health 2023(other) | Health 2022(other) | |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Federal Government | -⚑ | -⚑ | 940,836 | 834,040 | 746,296 | 865,778 | 539,122 | 654,087 |
| Provincial Government | 241,601 | 264,319 | 107,091 | 54,860 | -⚑ | -⚑ | -⚑ | -⚑ |
| Other revenue | 1,150,745 | 897,949 | 81,630 | 73,039 | 115,426 | 91,167 | -⚑ | -⚑ |
| Total revenue | 1,392,346 | 1,162,268 | 1,129,557 | 961,939 | 861,722 | 956,945 | 539,122 | 654,087 |
| Expenses | ||||||||
| Salaries and benefits | 94,895 | 103,799 | 136,355 | 113,448 | 78,491 | 57,543 | 285,002 | 327,567 |
| Amortization | 40,587 | 39,959 | -⚑ | -⚑ | 51,894 | 52,549 | -⚑ | -⚑ |
| Debt servicing | -⚑ | -⚑ | -⚑ | -⚑ | 28,145 | 25,636 | -⚑ | -⚑ |
| Other expenses | 1,216,388 | 1,018,384 | 812,887 | 802,112 | 931,146 | 750,947 | 268,048 | 234,607 |
| Total expenses | 1,351,870 | 1,162,142 | 949,242 | 915,560 | 1,089,676 | 886,675 | 553,050 | 562,174 |
| Annual surplus (deficit) | 40,476 | 126 | 180,315 | 46,379 | (227,954) | 70,270 | (13,928) | 91,913 |
| Public Works 2023 | Public Works 2022(other) | Band Government 2023(other) | Band Government 2022(other) | Other 2023(other) | Other 2022(other) | Total 2023(other) | Total 2022(other) | |
|---|---|---|---|---|---|---|---|---|
| Revenues | ||||||||
| Federal Government | 113,885 | 36,890 | 1,947,686 | 2,009,188 | 335,155 | 748,463 | 4,622,980 | 5,148,446 |
| Provincial Government | -⚑ | -⚑ | 141,290 | 1,560 | 82,246 | 47,969 | 572,228 | 368,708 |
| Other revenue | -⚑ | -⚑ | 701,775 | 523,836 | 4,286,682 | 4,066,099 | 6,336,258 | 5,652,090 |
| Total revenue | 113,885 | 36,890 | 2,790,751 | 2,534,584 | 4,704,083 | 4,862,531 | 11,531,466 | 11,169,244 |
| Expenses | ||||||||
| Salaries and benefits | 16,030 | 16,512 | 560,381 | 530,666 | 330,389 | 522,477 | 1,501,543 | 1,672,012 |
| Amortization | -⚑ | -⚑ | 479,810 | 414,965 | 473,153 | 386,368 | 1,045,444 | 893,841 |
| Debt servicing | -⚑ | -⚑ | -⚑ | -⚑ | -⚑ | -⚑ | 28,145 | 25,636 |
| Other expenses | 118,099 | 98,055 | 564,668 | 1,019,004 | 2,908,641 | 1,762,994 | 6,819,877 | 5,686,103 |
| Total expenses | 134,129 | 114,567 | 1,604,859 | 1,964,635 | 3,712,183 | 2,671,839 | 9,395,009 | 8,277,592 |
| Annual surplus (deficit) | (20,244) | (77,677) | 1,185,892 | 569,949 | 991,900 | 2,190,692 | 2,136,457 | 2,891,652 |