SHAWNA WILLIAMS

Councillor

MICHELLE ROBERTS

Councillor

BONNIE RUSSELL

Councillor

ROBERT GLADSTONE

Councillor

RON MIGUEL

Councillor

SHXWHAY VILLAGE FINANCIAL SUMMARY
Fiscal Year 2017-2018 (Ending March 31, 2018)

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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 Manning Elliott LLP.

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EXECUTIVE SUMMARY

Shxwhay Village generated total revenue of $3,421,524, a decrease of 10.1%
from the prior year. The Nation experienced an annual deficit of $1,310,121
compared to a deficit of $1,491,216 in the previous year. Accumulated surplus
decreased to $9,107,279, down 12.6% from 2017. Net financial assets reached
$3,761,562, down 23.7% from the prior year. Cash holdings decreased 30.3% to
$503,893 while restricted cash decreased to $159,774. Long-term debt decreased
4.9% to $3,435,630. Major revenue sources included royalty income of $1,384,863
and interest income of $93,312, while income from government business
enterprises contributed $240,502. Operating deficit reflects the challenging
year with expenses exceeding revenue by $1,257,811.

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FINANCIAL POSITION

Total Assets: $9,390,868
- Financial Assets: $8,045,151 (includes Cash: $503,893)
- Tangible Capital Assets: $5,345,717
- Property Under Development: $0

Total Liabilities: $4,283,589
- Long-term Debt: $3,435,630
- Accounts Payable: $847,959
- Deferred Revenue: $0

Net Financial Assets: $3,761,562 (down 23.7% from prior year)
Accumulated Surplus: $9,107,279 (down 12.6% from prior year)

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REVENUE & OPERATIONS

Total Revenue: $3,421,524 (down 10.1% from prior year)

Major Revenue Sources:
- Royalty Income: $1,384,863 (40.5%)
- Indigenous Services Canada: $938,529 (27.4%)
- Other Revenue: $440,709 (12.9%)
- Investment Income: $93,312 (2.7%)
- Rental Revenue: $121,000 (3.5%)
- Land Lease: $39,738 (1.2%)
- Property Tax Revenue: $66,561 (1.9%)
- CMHC Subsidy: $14,365 (0.4%)
- Income from Government Business Enterprises: $240,502 (7.0%)
- Other: $181,945 (5.3%)

Total Expenditures: $4,679,335 (up 2.6% from prior year)

Major Program Expenditures:
- Band Revenue: $1,354,459 (28.9%)
- Administration: $1,042,307 (22.3%)
- Community Maintenance, Projects and Services: $821,253 (17.5%)
- Land Code: $267,435 (5.7%)
- Education: $227,018 (4.9%)

Annual Deficit: $1,310,121 (improved from deficit of $1,491,216 prior year)
Operating Margin: -38.3%

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KEY FINANCIAL METRICS

- Financial Assets to Liabilities Ratio: 1.88:1
- Debt-to-Assets Ratio: 36.6%
- Self-Generated Revenue: 49.1% of total
- Cash Reserves: 1.3 months of operating expenses
- Business Entity Profits: $240,502 from 8 partnerships/entities

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CHIEF & COUNCIL REMUNERATION

Name Position Remuneration Expenses Total
------------------------------------------------------------------------------
Robert Gladstone Chief $42,398 $11,682 $54,080
Michelle Roberts Councillor $19,844 $4,356 $24,200
Michelle Roberts Governance Mgr $28,370 $1,078 $29,448
Bonnie Russell Councillor $20,004 $4,166 $24,170
Tina Sam Councillor $19,932 $5,316 $25,248
Daniel Rapada Councillor $16,698 $5,488 $22,186

Total Governance Compensation: $179,332 (5.2% of total revenue)

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Source: Audited consolidated financial statements, Manning Elliott LLP,
March 12, 2019