Tuesday, September 16, 2014
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First Nations file financial statements

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Last week the Snaw-Naw-As (Nanoose) and Qualicum First Nations both complied with the new First Nations Financial Transparency Act and filed public financial statements as of the end of the fiscal year March 31, 2014.

 

Band 649, as the Nanoose Fist Nation is numbered by Aboriginal Affairs and Northern Development Canada, has 251 people, 76 off-reserve, on 53.4 hectares (132 acres) split on two reserves.

David Bob made $50,134 in salary and claimed $14,450 in expenses (total $64,584) as chief and health program administrator for the band.

Coun. Brent Edwards, also the band's director of operations (administrator) and fisheries manager, was paid $97,262 and claimed $10,775 in expenses (total $108,037).

Coun. Lawrence Mitchell, also in charge of information technology and the band's social development assistant, was paid $20,128 and claimed $2,211 in expenses (total $22,339).

Coun. Natasha Bob was paid $7,660 and claimed $621 in expenses (total $8,281) and Coun. Gordon Edwards was paid $7,200 and claimed no expenses.

The Nanoose band was audited by McGorman Mac-Lean in Parksville, which also does annual audits for other local governments.

They found all was "in accordance with Canadian public sector accounting standards."

The Nanoose reported financial assets of $549,774 but also liabilities of $3,181,086, largely from longterm debt (mainly mortgages secured by Aboriginal Affairs) of $2,591,387, for a net debt of $2,631,312.

The largest chunk of its $2,782,978 in revenues came from Aboriginal Affairs ($1,024,830). It took in $230,535 from highway sign rentals and $95,969 from its campground.

It reported total expenses of $3,368,966 for an annual deficit of $585,988, dropping its accumulated surplus from $9,889,261 at the beginning of the year to $9,303,273 by March 31.

Band 651, the Qualicum First Nation, has 124 people, 65 off-reserve, on a reserve of 77 hectares (190.3 acres).

Chief Patricia Cassidy was paid $53,200 and claimed $18,998 in expenses (total $72,198), Coun. Donna Kennedy was paid $42,200 and claimed $7,101 in expenses (total $49,301) and Coun. Gordon Recalma was paid $24,431 and claimed no expenses.

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