Màthexwi | Matsqui First Nation
The Matsqui First Nation is an Indigenous community situated in southwestern British Columbia, with a rich history connected to the Fraser River valley.
Overview
Last Updated 2026-03-28 09:00:18 UTCBand Council
ALICE MCKAY
Chief
BRENDA MORGAN
Councillor
LOUIS MARTIN JULIAN
Councillor
Administrative Contacts
Financial Overview
MATSQUI FIRST NATION FINANCIAL SUMMARY
Fiscal Year 2023-2024 (Ending March 31, 2024)
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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 Chan Nowosad Boates Inc.
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EXECUTIVE SUMMARY
Matsqui First Nation generated total revenue of $67,292,138, up 718.0% from the
prior year, and recorded an annual surplus of $40,148,870, up 1,330.5% from
2023. The Nation maintained accumulated surplus of $73,960,872 (up 118.7%) and
net financial assets of $64,774,056 (up 158.7%). Cash and cash equivalents
increased by $46,164,949 to $52,402,970, while long-term debt decreased by
$144,393 to $3,157,410. The financial position reflects a significant specific
claims settlement of approximately $59 million during the year. Investment in
government business enterprises increased by $106,368 to $20,917,332. The
Nation's operating margin was 59.7%. The financial position reflects settlement
proceeds allocated to member distributions and trust funds, positioning the
Nation for future development.
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FINANCIAL POSITION
Total Assets: $86,270,035
- Financial Assets: $77,083,219 (includes Cash: $52,402,970)
- Tangible Capital Assets: $9,186,816
Total Liabilities: $12,309,163
- Long-term Debt: $3,157,410
- Accounts Payable: $1,315,802
- Deferred Revenue: $676,381
- Minors' Trust Funds: $7,159,570
Net Financial Assets: $64,774,056 (up 158.7% from prior year)
Accumulated Surplus: $73,960,872 (up 118.7% from prior year)
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REVENUE & OPERATIONS
Total Revenue: $67,292,138 (up 718.0% from prior year)
Major Revenue Sources:
- Government of Canada: $60,916,125 (90.5%)
- Other Revenue: $2,230,180 (3.3%)
- Indigenous Services Canada: $1,138,186 (1.7%)
- Lease and Rental Revenue: $976,695 (1.5%)
- Province of BC: $657,626 (1.0%)
- Interest Income: $402,199 (0.6%)
- BC First Nations Gaming: $395,821 (0.6%)
- Property Taxation: $272,717 (0.4%)
- Other First Nation Governments: $161,431 (0.2%)
- CMHC: $137,207 (0.2%)
- Income from Government Business Enterprises: $3,951 (0.0%)
Total Expenditures: $27,143,268 (up 399.9% from prior year)
Major Program Expenditures:
- Specific Claims: $20,998,027 (77.4%)
- Land & Economic Development: $2,614,057 (9.6%)
- Administration & Governance: $1,323,232 (4.9%)
- Language, Culture & Community: $459,339 (1.7%)
- BC FN Gaming: $340,950 (1.3%)
Annual Surplus: $40,148,870 (up 1,330.5% from prior year)
Operating Margin: 59.7%
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KEY FINANCIAL METRICS
- Financial Assets to Liabilities Ratio: 6.26:1
- Debt-to-Assets Ratio: 3.7%
- Self-Generated Revenue: 4.1% of total
- Cash Reserves: 23.2 months of operating expenses
- Business Entity Profits: $3,951 from 4 entities
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CHIEF & COUNCIL REMUNERATION
Name Position Remuneration Expenses Total
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Brenda Morgan Councillor $34,700 $0 $34,700
Alice McKay Chief $26,600 $0 $26,600
Louis Julian Councillor $10,106 $0 $10,106
Total Governance Compensation: $71,406 (0.1% of total revenue)
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Source: Audited consolidated financial statements, Chan Nowosad Boates Inc.,
July 26, 2024
Band Financial Statements
Band Council Remuneration
Band Owned Corporations
No Content Available
Laws, Bylaws, and Codes
Intergovernmental Agreements
Active Court Cases
Location Map
Reserves
-
ISC Code: 10235
COQUALEETZA
23.4 Hectares
CHILLIWACK NEW WESTMINSTER DISCTRICT
[nil, nil] -
ISC Code: 9657
PEKW'XE:YLES (PECKQUAYLIS)
10.3 Hectares
[49.1434849, -122.2745945] -
ISC Code: 8037
THREE ISLANDS 3
246.3 Hectares
NEW WESTMINSTER DISTRICT, THREE ISLANDS IN THE FRASER RIVER, 2 MILES SOUTHWEST OF MISSION
[49.1202295, -122.342158] -
ISC Code: 8038
MATSQUI 4
24.3 Hectares
NEW WESTMINSTER DISTRICT IN SEC 6 TWP 13 E.C.M. ADJOINING THE INTERNATIONAL BOUNDARY
[49.0045103, -122.4761883] -
ISC Code: 8035
SAHHACUM 1
20.2 Hectares
NEW WESTMINSTER DISTRICT, IN SEC 34 TWP 16 ECM 1/2 MILE SOUTH OF CLAYBURN C.P. STATION
[49.0761171, -122.2839348] -
ISC Code: 8036
MATSQUI MAIN 2
129.7 Hectares
NEW WESTMINSTER DISTRICT IN SEC 7 TWP 17 ECM ON LEFT BANK OF FRASER RIVER 3 MILES SOUTHWEST OF MISSION
[49.1102396, -122.3515459]
Media Reports
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