Th'ewá:lí | Soowahlie First Nations
The Soowahlie First Nation is a First Nations band government located in the Fraser Valley region of British Columbia, Canada. Their traditional territory is situated in the Lower Fraser River watershed.
Overview
Last Updated 2026-03-25 16:54:34 UTCBand Council
BRENDA WALLACE
Chief
DARRELL COMMODORE
Councillor
TANYA COMMODORE
Councillor
MARCELLA COMMODORE
Councillor
Administrative Contacts
Financial Overview
SOOWAHLIE FIRST NATION FINANCIAL SUMMARY
Fiscal Year 2022-2023 (Ending March 31, 2023)
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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
Soowahlie First Nation reported total revenue of $6,447,913, a decrease of 7.2%
from the prior year, primarily due to reduced Indigenous Services Canada transfers.
The Nation generated an annual surplus of $628,049, down 13.5% from 2022. Cash
increased by $295,110 to $1,371,633. Long-term debt increased by $470,478 to
$4,481,622, primarily from additional CMHC mortgage financing for housing projects.
Net debt decreased 63.2% to $381,796. Accumulated surplus reached $7,135,239, up
9.7%. Investment in Nation business entities generated $210,893 in earnings and
grew 8.1% to $2,829,447. The Nation maintains a replacement reserve fund of
$123,410 for CMHC-financed housing. The operating margin stood at 9.7%. The Nation
demonstrates solid financial management with controlled debt levels, diversified
revenue streams, and strategic investments in housing and business partnerships.
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FINANCIAL POSITION
Total Assets: $12,089,929
- Financial Assets: $4,572,894 (includes Cash: $1,371,633)
- Restricted Cash: $123,410
- Tangible Capital Assets: $7,517,035
- Property Under Development: $0
Total Liabilities: $4,954,690
- Long-term Debt: $4,481,622
- Accounts Payable: $367,076
- Deferred Revenue: $105,992
Net Debt: $381,796 (down 63.2% from prior year)
Accumulated Surplus: $7,135,239 (up 9.7% from prior year)
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REVENUE & OPERATIONS
Total Revenue: $6,447,913 (down 7.2% from prior year)
Major Revenue Sources:
- Indigenous Services Canada: $2,722,076 (42.2%)
- Other Revenue: $1,862,245 (28.9%)
- First Nations Health Authority: $698,597 (10.8%)
- Rental Income: $333,804 (5.2%)
- Economic Activities and Other Income: $302,083 (4.7%)
- Earnings from Investment in Nation Business Entities: $210,893 (3.3%)
- Canada Mortgage and Housing Corporation: $173,964 (2.7%)
- Sto:lo Aboriginal Skills and Employment Training: $52,716 (0.8%)
- First Nations Education Steering Committee Society: $52,641 (0.8%)
- Investment Income: $24,524 (0.4%)
- Taxation: $14,370 (0.2%)
Total Expenditures: $5,819,864 (down 6.5% from prior year)
Major Program Expenditures:
- Administration: $1,990,916 (34.2%)
- Lands and Maintenance: $1,265,244 (21.7%)
- Education and Employment: $1,005,112 (17.3%)
- Health: $786,025 (13.5%)
- Social Development: $433,074 (7.4%)
- Capital Fund: $251,818 (4.3%)
- Non-Profit Housing: $87,675 (1.5%)
Annual Surplus: $628,049 (down 13.5% from prior year)
Operating Margin: 9.7%
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KEY FINANCIAL METRICS
- Financial Assets to Liabilities Ratio: 0.9:1
- Debt-to-Assets Ratio: 37.1%
- Self-Generated Revenue: 57.8% of total
- Cash Reserves: 2.8 months of operating expenses
- Business Entity Profits: $210,893 from Soowahlie Economic Development Limited
Partnership, Centre Creek Limited Partnership, Ch-ihl-kway-uhk Tribe Society,
Ts'elxweyeqw Tribe Limited Partnership, and related entities
- Replacement Reserve: $123,410 held for CMHC housing projects (under funded by
$49,565)
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CHIEF & COUNCIL REMUNERATION
Name Position Remuneration Expenses Total
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Brenda Wallace Chief and Band Manager $92,655 $2,746 $95,401
Tanya Commodore Councillor and Lands $76,100 $0 $76,100
Assistant
Marcella Commodore Councillor and $74,378 $1,080 $75,458
Community Coordinator
Darrell Commodore Jr. Councillor $19,500 $492 $19,992
Total Governance Compensation: $266,951 (4.1% of total revenue)
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Source: Audited consolidated financial statements, MNP LLP, June 16, 2025
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: 9657
PEKW'XE:YLES (PECKQUAYLIS)
10.3 Hectares
[49.1434849, -122.2745945] -
ISC Code: 8051
SOOWAHLIE 14
458.3 Hectares
NEW WESTMINSTER DIST. ON LEFT BANK OF THE CHILLIWACK RIVER, 1 MILE SOUTH OF VEDDER CROSSING
[49.1038704, -121.9625821] -
ISC Code: 8113
GRASS 15
64.8 Hectares
NEW WESTMINSTER DISTRICT, IN SEC 22 TWP 26 E.C.M. 3 1/2 MILES SOUTHEAST OF CHILLIWACK
[49.1430391, -121.8925753] -
ISC Code: 10235
COQUALEETZA
23.4 Hectares
CHILLIWACK NEW WESTMINSTER DISCTRICT
[nil, nil]
Media Reports
Academic Research
Band Publications
No Content Available
Third Party Reports
No Content Available