LEONA SAM

Councillor

ANGIE BAILEY

Hereditary Chief

Financial Overview – Aitchelitz First Nation FY2024 [AI Generated]

For the fiscal year ending March 31, 2024, the Aitchelitz First Nation reported steady growth in its accumulated surplus, driven by diverse revenue streams and disciplined expense management. The Nation’s accumulated surplus reached $18,328,307, up from $17,116,780 in 2023—an increase of $1,211,527.

Total revenues were $2,710,082, with $357,300 (13.2%) from government transfers and $2,352,782 (86.8%) from own-source revenues, including income from government business enterprises and partnerships, property taxes, gaming, rental income, and investment returns.

Net financial assets grew to $13,379,262, up from $12,617,916, supported by strong cash and short-term investments totaling $11,010,002. Tangible capital assets increased to $4,917,364, reflecting ongoing investment in housing, buildings, and infrastructure.

While the Nation carries modest long-term debt of $901,549, its high liquidity and significant equity in business partnerships (notably Ts’elxweyeqw Tribe Limited Partnership) reinforce fiscal stability. Interest income surged to $473,391, further contributing to own-source revenue strength.

Overall, Aitchelitz maintains a healthy financial position with low liabilities, high liquidity, and a revenue base predominantly generated through self-sustaining economic activities.

Key Financial Highlights

• Accumulated Surplus: $18,328,307
• Surplus Growth: +$1,211,527 (from $17,116,780)
• Total Revenue: $2,710,082
• Government Transfers: $357,300 (13.2%)
• Own-Source Revenue: $2,352,782 (86.8%)
• Cash & Short-Term Investments: $11,010,002
• Tangible Capital Assets: $4,917,364
• Net Financial Assets: $13,379,262
• Accounts Receivable: $195,299
• Total Liabilities: $1,879,263
• Total Loans Payable: $901,549
• Income from Government Business Enterprises: $38,040
• Income from Government Business Partnerships: $621,484