q̓ic̓əy̓ | Katzie First Nation
The Katzie First Nation is located in Southwestern British Columbia in Metro Vancouver. Its traditional territory includes the following British Columbia cities: Langley, Mission, Surrey, New Westminster, Maple Ridge, Pitt Meadows, Coquitlam, Port Coquitlam, Burnaby, Richmond, and Vancouver.
Overview
Last Updated 2026-03-26 06:51:19 UTCBand Council
Administrative Contacts
Financial Overview
KATZIE FIRST NATION FINANCIAL SUMMARY
Fiscal Year 2024-2025 (Ending March 31, 2025)
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DISCLAIMER: This financial summary was generated using artificial intelligence
based on publicly available audited financial statements and has been reviewed
by a human analyst. While care has been taken to ensure accuracy, users should
verify critical information against the original audited financial statements
prepared by MNP LLP.
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EXECUTIVE SUMMARY
Katzie First Nation generated total revenue of $17,066,194, down 23.5% from
the prior year, and achieved an annual surplus of $3,957,707, down 38.6% from
2024. The Nation's accumulated surplus reached $45,964,044, up 11.4%, while
net financial assets decreased 29.4% to $16,660,124 due to significant capital
investment activity. Cash increased 29.5% to $13,496,048 despite substantial
infrastructure spending of $11,789,658, funded partially through long-term
debt which more than doubled to $18,074,179. The Nation experienced a loss
from business entities of $972,124 compared to $4,621,879 in earnings the
prior year. Portfolio investments grew to $19,290,589, generating unrealized
gains of $925,561. The Nation maintained a 23.2% operating margin and holds
approximately 12.4 months of operating expenses in cash reserves, demonstrating
strong financial capacity despite transitional challenges in business entity
performance.
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FINANCIAL POSITION
Total Assets: $70,080,782
- Financial Assets: $40,776,862 (includes Cash: $13,496,048)
- Tangible Capital Assets: $29,019,679
- Prepaid Expenses: $284,241
Total Liabilities: $24,116,738
- Long-term Debt: $18,074,179
- Accounts Payable: $3,377,925
- Deferred Revenue: $2,664,634
Net Financial Assets: $16,660,124 (down 29.4% from prior year)
Accumulated Surplus: $45,964,044 (up 11.4% from prior year)
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REVENUE & OPERATIONS
Total Revenue: $17,066,194 (down 23.5% from prior year)
Major Revenue Sources:
- Other Funding and Revenue: $8,262,698 (48.4%)
- Indigenous Services Canada: $5,127,014 (30.0%)
- First Nations Health Authority: $1,922,693 (11.3%)
- Province of BC: $1,283,654 (7.5%)
- Fisheries and Oceans Canada: $453,201 (2.7%)
- New Relationship Trust: $260,000 (1.5%)
- Government of Canada: $232,492 (1.4%)
- Fundraising and Donations: $133,724 (0.8%)
- Canada Mortgage and Housing Corporation: $125,084 (0.7%)
- First Nations Education Steering Committee: $124,866 (0.7%)
- Sto:lo Aboriginal Skills & Employment Training: $96,467 (0.6%)
- Surrey Schools: $16,425 (0.1%)
- Loss from Nation Business Entities: ($972,124) (-5.7%)
Total Expenditures: $13,108,487 (down 17.4% from prior year)
Major Program Expenditures:
- Health and Social Programs: $3,803,116 (29.0%)
- Aboriginal Rights and Title: $1,937,425 (14.8%)
- First Nation Enterprises: $1,665,738 (12.7%)
- Education: $1,545,995 (11.8%)
- Administration: $1,374,256 (10.5%)
- Economic Development and Employment: $1,376,362 (10.5%)
- Maintenance: $734,690 (5.6%)
- Housing: $571,064 (4.4%)
- Other: $99,841 (0.8%)
Annual Surplus: $3,957,707 (down 38.6% from prior year)
Operating Margin: 23.2%
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KEY FINANCIAL METRICS
- Financial Assets to Liabilities Ratio: 1.69:1
- Debt-to-Assets Ratio: 25.8%
- Self-Generated Revenue: 48.6% of total
- Cash Reserves: 12.4 months of operating expenses
- Business Entity Investment: $6,789,073 from 3 entities
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CHIEF & COUNCIL REMUNERATION
Name Position Remuneration Expenses Total
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Grace George Chief and Interim $169,080 $7,966 $177,046
Health Services Director
Rick Bailey Councillor $99,840 $5,325 $105,371
Lisa Adams Councillor $99,840 $5,531 $105,165
David Kenworthy Councillor $99,840 $7,601 $107,441
Total Governance Compensation: $495,023 (2.9% of total revenue)
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Source: Audited consolidated financial statements, MNP LLP, July 28, 2025
Band Financial Statements
Band Council Remuneration
Band Owned Corporations
Laws, Bylaws, and Codes
Intergovernmental Agreements
Downloadable Court Records
Location Map
Reserves
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ISC Code: 8028
GRAVEYARD 5
0.4 Hectares
NEW WESTMINSTER DISTRICT, IN TP.9, E.C.M. N.W. CORNER OF LOT 279, G.1, 1 MILE NORTH OF PORT HAMMOND
[49.2057179, -122.910956] -
ISC Code: 8024
KATZIE 1
43.1 Hectares
NEW WESTMINSTER DISTRICT, IN SECTION 10. TP. 9,E.C.M. ON RIGHT BANK OF THE FRASER RIVER, 1 MILE WEST OF PORT HAMMOND
[49.2057179, -122.910956] -
ISC Code: 8025
KATZIE 2
23.1 Hectares
NEW WESTMINSTER DIST. IN SECTION 11, TP.9,E.C.M. ON LEFT BANK OF THE FRAZER RIVER, OPPOSITE PORT HAMMOND
[49.2057179, -122.910956] -
ISC Code: 8026
BARNSTON ISLAND 3
54.6 Hectares
NEW WESTMINSTER DIST. IN SEC. 4, TP. 9, E.C.M. ON SOUTH SHORE OF BARNSTON ISLAND ON PARSONS CHNL FRASER RIVER
[49.2057179, -122.910956] -
ISC Code: 8027
PITT LAKE 4
214.0 Hectares
NEW WESTMINSTER DISTRICT, IN SECS. 3&4, TP.5, W.7M, AT SOUTH END OF PITT LAKE, AT OUTLET INTO PITT RIVER
[49.2057179, -122.910956]