FNFTA Insights

Algonquins of Barriere LakeFiscal year 2023-2024

← 2022–232024–25 →

First Nations / Band 74 · Quebec

Algonquins of Barriere Lake

Fiscal year 2023-2024 (year-end 2024-03-31) · 815 registered · 302 on reserve · Algonquin Nation Programs And Services Secretariat

Certified source-faithful captureCompatibility analytics availableFidelity audit passedNo OCROpinion: unqualifiedAuditor: not capturedReport dated 2025-05-08Prepared by: ManagementSource PDF hashed

At a glance · FY 2023-2024

Annual surplus (deficit)

$2.92M

$2,920,164

Total revenue

$24.7M

$24,746,076

Total expenses

$21.8M

$21,825,912

Accumulated surplus

$7.50M

$7,497,306

Total financial assets

$22.4M

$22,441,969

Total financial liabilities

$29.1M

$29,066,982

Net financial assets (debt)

-$6.63M

-$6,625,013

Total non-financial assets

$14.1M

$14,122,319

Revenue and expenses · FY 2023-2024

As published. Line items from the Statement of Operations, ranked by amount.

Revenue

  • Indigenous Services Canada$23.8M
  • Deferred revenue - prior year$23.6M
  • Administration fees$608K
  • Other income$576K
  • First Nations Human Resources Development Commission of Quebec (FNHRDCQ)$407K
  • Investment income$333K
  • First Nations Education Council (FNEC)$75.8K
  • CMHC$75.0K
  • Province of Quebec (SAA)$69.5K
  • First Nations Quebec and Labrador Health and Social Services (FNQLHSSC)$38.2K
  • Recovery of prior year funding$2.84K
  • NATION WABAN-AKI INC.$847
  • Deferred revenue - current year-$24.9M

Expenses

  • Health$6.38M
  • Education$4.79M
  • Public Works$3.98M
  • Band Admin$2.53M
  • Social Development$1.88M
  • Fund Balances$977K
  • Employment and Training$925K
  • Economic Development$194K
  • Daycare$164K

Reconciliation: revenue $24.7M − expenses $21.8M = $2.92M surplus

Data by fiscal year

Each row is a fiscal year; every cell opens that data product. Missing data is shown, not hidden.

Fiscal yearStatement tables, notes, schedulesOperationsFinancial positionHeadline figuresCouncil paySource PDF
2024-2025Posted, not captured———Posted, not capturedPDF
2023-2024viewingViewViewViewViewPosted, not capturedPDF
2022-2023Posted, not captured———Posted, not capturedPDF
2021-2022Posted, not captured———6 rowsPDF
2020-2021Posted, not captured———7 rowsPDF
2019-2020Posted, not captured———11 rowsPDF
2018-2019Posted, not captured———11 rowsPDF
2017-2018Posted, not captured———4 rowsPDF
2016-2017Posted, not captured———4 rowsPDF
2015-2016Posted, not captured———5 rowsPDF
2014-2015Posted, not captured———Posted, not capturedPDF
2013-2014Posted, not captured———Posted, not capturedPDF

Statements as published · FY 2023-2024

3 parser diagnostics
Open statement-only view

Consolidated Statement of Financial Position

FY 2023-2024 · PDF page 7

FA − FL = Net FA: matchedNet FA + NFA = Acc. surplus: matched
20242023
Financial assets
Cash and cash equivalents (Note 3)n313,438,38112,076,698
Accounts receivable (Note 4)n49,003,58810,330,387
Total financial assets22,441,96922,407,085
Liabilities
Bank indebtedness376,923-⚑
Accounts payable and accruals (Note 6)n62,426,2782,413,615
Deferred revenue (Note 8)n824,873,02624,767,831
Long-term debt (Note 9)n91,390,755266,812
Total liabilities29,066,98227,448,258
Net debt(6,625,013)(5,041,173)
Non-financial assets
Tangible capital assets (Note 5)n514,122,3199,618,315
Total non-financial assets14,122,3199,618,315
Accumulated surplus7,497,3064,577,142

Consolidated Statement of Operations and Accumulated Surplus

FY 2023-2024 · PDF page 8

Rev − Exp = Surplus: matched
Schedules(other)Budget 2024 (Unaudited)(budget)20242023
Revenues
Indigenous Services Canada⚑14,662,19523,809,00520,058,420
Canadian Heritage⚑-⚑-⚑137,000
Province of Quebec (SAA)⚑-⚑69,50069,500
First Nations Quebec and Labrador Health and Social Services (FNQLHSSC)⚑75,00038,173166,853
First Nations Human Resources Development Commission of Quebec (FNHRDCQ)⚑338,623407,498315,613
First Nations Education Council (FNEC)⚑25,67575,771413,371
NATION WABAN-AKI INC.⚑-⚑84748,000
Administration fees⚑933,307608,399746,159
Other income⚑575,000575,747167,608
Investment income⚑-⚑333,263160,666
Deferred revenue - prior year⚑11,214,72523,623,05818,638,912
Deferred revenue - current year⚑(565,086)(24,873,026)(23,623,058)
Canadian Nuclear Safety Commission (CNSC)⚑-⚑-⚑15,000
Recovery of prior year funding⚑-⚑2,841166,754
Canada Environmental Assessment Agency (CEAA)⚑-⚑-⚑5,000
Canadian Institutes of Health Research(CIHR)⚑-⚑-⚑96,000
Donation⚑-⚑-⚑3,000
CMHC⚑-⚑75,000-⚑
Total revenues⚑27,259,43924,746,07617,584,798
Expenses
Band Admin42,179,0912,534,2881,790,371
Economic Development5190,413193,582482,849
Social Development61,921,6451,880,0911,837,881
Employment and Training7669,197925,219855,370
Education89,700,9274,789,2543,730,241
Health96,112,4456,380,5864,385,525
Public Works104,010,9633,982,3973,767,170
Daycare11114,599163,671152,139
Fund Balances12-⚑976,824598,610
Total expenses⚑24,899,28021,825,91217,600,156
Surplus (deficit) before transfers⚑2,360,1592,920,164(15,358)
Transfers between programs
Transfer between departments⚑(401,992)-⚑-⚑
Transfer to capital assets⚑(550,000)-⚑-⚑
Surplus (deficit)⚑1,408,1672,920,164(15,358)
Accumulated surplus, beginning of year⚑-⚑3,384,8013,637,899
Prior period adjustment #1⚑-⚑1,192,341954,601
Accumulated surplus, beginning of year, as restated⚑-⚑4,577,1424,592,500
Accumulated surplus, end of year⚑1,408,1677,497,3064,577,142

Consolidated Statement of Change in Net Debt

FY 2023-2024 · PDF page 9

Budget 2024 (Unaudited)(budget)20242023
Annual surplus (deficit)1,408,1672,920,164(15,358)
Purchases of tangible capital assets-⚑(5,480,828)(2,824,160)
Amortization of tangible capital assets-⚑976,824598,610
Prior year adjusment-⚑-⚑1,192,341
Use of prepaid expenses-⚑-⚑32,200
Decrease (increase) in net debt1,408,167(1,583,840)(1,016,367)
Net debt, beginning of year-⚑(5,041,173)(4,024,806)
Net debt, end of year1,408,167(6,625,013)(5,041,173)

Consolidated Statement of Cash Flows

FY 2023-2024 · PDF page 10

20242023
Cash provided by (used for) the following activities
Operating activities
Cash receipts from contributors26,135,15121,179,330
Cash paid to suppliers(13,854,250)(11,868,867)
Cash paid to employees(6,903,523)(5,187,664)
Interest on long-term debt(35,748)(12,050)
[total]5,341,6304,110,749
Financing activities
Advances of long-term debt1,265,689-⚑
Repayment of long-term debt(141,731)(67,373)
Debt Indebtedness376,923-⚑
[total]1,500,881(67,373)
Capital activities
Purchases of tangible capital assets(5,480,828)(2,824,160)
Increase in cash resources1,361,6831,219,216
Cash resources, beginning of year12,076,69810,857,482
Cash resources, end of year13,438,38112,076,698

Schedules as published

Schedule 1 - Consolidated Schedule of Tangible Capital AssetsPDF p. 18
LandBuildings(other)Roads(other)Infrastructure assets(other)Machinery & Equipment(other)Vehicles(other)2024(other)2023(other)
Cost
Balance, beginning of year2,00010,924,3913,612,651509,4475,465,608829,33021,343,42718,519,267
Acquisition of tangible capital assets-⚑2,722,399320,008-⚑1,619,423818,9985,480,8282,824,160
Balance, end of year2,00013,646,7903,932,659509,4477,085,0311,648,32826,824,25521,343,427
Accumulated amortization
Balance, beginning of year-⚑4,514,5162,006,66083,5804,395,906724,45011,725,11211,126,502
Annual amortization-⚑310,84388,30021,293402,074154,314976,824598,610
Balance, end of year-⚑4,825,3592,094,960104,8734,797,980878,76412,701,93611,725,112
Net book value of tangible capital assets2,0008,821,4311,837,699404,5742,287,051769,56414,122,3199,618,315
2023 Net book value of tangible capital assets2,0006,409,8751,605,991425,8671,069,702104,8809,618,315⚑
Schedule 2 - Schedule of Consolidated Expenses by ObjectPDF p. 19
Budget 2024 (unaudited)(budget)2024 (Unaudited)2023 (Unaudited)
Consolidated expenses by object
Administration933,307608,399746,159
Amortization-⚑976,824598,610
Bad debts-⚑42,89870,000
Bank charges and interest3,86544,69742,477
Food and beverage148,774266,327218,913
Donation2,160-⚑2,000
Consulting1,065,3581,339,7981,053,705
Community support and wellness3,599,49520,1007,989
Honouraria(um)16,624155,20277,146
Insurance89,529122,61592,957
Interest on long-term debt-⚑35,74812,050
Medical supplies-⚑38,417835
Meeting-⚑4,562168
Miscellaneous-⚑6,4515,250
Equipment Rentals and Leases211,590354,058275,307
Office supplies27,873334,88959,602
Professional fees94,204257,510311,178
Rent-⚑105,89641,405
Repairs and maintenance2,186,049221,305125,243
Materials630,0311,231,3511,148,743
Salaries and benefits5,070,8006,903,5235,187,664
Student expenses2,016,203616,567561,118
Supplies-⚑1,2347,547
Telephone41,55367,54071,999
Training-⚑104,409179,166
Travel720,1051,849,0981,139,484
Tuition costs1,736,811275,345199,487
Utilities-⚑960-⚑
Tuition-⚑2,9052,165
Vehicle2,45731,23337,554
Events and Workshops194,164170,828183,870
Dues, Licenses and Fees2,23424,9734,124
Fuel2,002,8751,827,2962,198,710
IT and Computer Expense185,918135,78191,177
Contract labour3,917,3013,647,1732,846,354
[total]24,899,28021,825,91217,600,156
Schedule 3 - Consolidated Schedule of Revenue and Expenses and Accumulated Surplus (Deficit)PDF p. 20
Schedule #(other)Budget (unaudited)(budget)ISC RevenueOther RevenueTotal Revenue(other)Total Expenses(other)Adjustments/ Transfers(other)From (To) Current Surplus (Deficit)(other)Prior Year Surplus (Deficit)(other)
Segment Schedule
Band Admin4(445,457)1,036,2931,544,3892,580,6822,534,288(896,317)(849,923)(37,069)
Economic Development5(95,419)94,994219,655314,649193,582(204,112)(83,045)(259,508)
Social Development6-⚑2,892,657(802,681)2,089,9761,880,091(60,852)149,033(40,824)
Employment and Training7(330,574)-⚑407,498407,498925,219552,56734,846(9,099)
Education83,737,5547,349,349(2,180,010)5,169,3394,789,254(322,955)57,1309,453
Health935,2087,086,133(253,192)6,832,9416,380,586(745,964)(293,609)(255,403)
Public Works10(1,453,546)5,349,5792,001,4127,350,9913,982,397(3,966,866)(598,272)(1,648,458)
Daycare11(39,599)-⚑-⚑-⚑163,671163,671-⚑-⚑
Fund Balances12-⚑-⚑-⚑-⚑976,8245,480,8284,504,0042,225,550
Total⚑1,408,16723,809,005937,07124,746,07621,825,912-⚑2,920,164(15,358)

Notes to the financial statements

Verbatim, as published. Statement lines above link to their notes.

Note 8Deferred revenue

Balance, beginning of yearContributions received(other)Amount recognized as revenue(other)Balance, end of year(other)
Indigenous Services Canada and Health Canada22,010,75023,809,00522,424,75523,395,000
Indigenous Services Canada 2023-20241,144,774-⚑1,144,774-⚑
First Nations Human Resources Development Commission of Quebec-⚑407,498407,498-⚑
First Nations Education Council1,489,05975,771229,4491,335,381
FNQLHSSC20,50738,173-⚑58,680
Canadian Institutes of Health Research (CIHR)96,000-⚑12,03583,965
CMHC-⚑75,00075,000-⚑
Other6,7413,0669,807-⚑
Total24,767,83124,408,51324,303,31824,873,026
Note 9Long-term debt

20242023
Vehicle financing loan, interest at 4.49%, due December 31, 2025, monthly principle and interest payments of $2,039, secured by a vehicle having a net carrying amount of $26,84541,11663,203
Heavy Machinery loan, interest at 3.80%, due March 13, 2027, monthly principle and interest payments of $4,579, secured by a Heavy Michinery having a net carrying amountof $148,912155,566203,609
Heavy Equipment loan, interest at 6.84%, due November 17, 2028, monthly principle and interest payments of $24,9731,194,073-⚑
[total]1,390,755266,812
Principal(budget)InterestTotal
2025297,85181,580379,431
2026310,59362,556373,149
2027311,59843,024354,622
2028275,98623,687299,673
2029194,7275,036199,763
[total]1,390,755215,8831,606,638

Chief and council pay · FY 2023-2024

Filed under the FNFTA as the Schedule of Remuneration and Expenses.

A remuneration schedule is posted for this year but is withheld from the current certified release. The source PDF is linked under Sources below.

Specific land claims

All years, from the ISC specific-claims reporting centre, not the financial statement.

No specific claims for this First Nation appear in the ISC reporting centre data.

Community context

Governance

Chief
CASEY RATT (term to 2027-03-09)
Council
5 councillors
Election system
Indian Act
Tribal council
Algonquin Nation Programs And Services Secretariat
Show council
  • ANIDA CARMEN ANITA DECOURSAY Councillor
  • JESSIE DECOURSAY Councillor
  • CORY JAMES JEROME Councillor
  • TERENCE NOTTAWAY Councillor
  • STEVE WAWATIE Councillor

Reserves and location

Reserves
1 reserves
Region
QUEBEC · near Rouyn
Show reserves
  • RAPID LAKE · 30 ha

Population

Registered
815
On reserve
302
As of
May, 2026
Show full breakdown
  • On own reserve: 302 · 156 M / 146 F
  • On other reserves: 34 · 14 M / 20 F
  • On own Crown land: 264 · 134 M / 130 F
  • On other band Crown land: 5 · 1 M / 4 F
  • On no band Crown land: 1 · 0 M / 1 F
  • Off reserve: 209 · 100 M / 109 F

Registry facts from the ISC First Nation profiles; land and coordinates from federal open data.