JOHNATHON PREST

Chief

ALISHA PETERS

Councillor

SHEILA STEWART

Councillor

DEAN WILLIAMS

Councillor

RONALD WILLIAMS

Councillor

TANA MUSSELL

Councillor

ELIA LOCKHART

Councillor

SKWAH 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 MNP LLP.

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EXECUTIVE SUMMARY

Skwah First Nation reported total revenue of $12,055,861, a decrease of 33.7%
from the prior year, primarily due to lower Indigenous Services Canada transfers.
The Nation generated an annual surplus of $5,401,163, down 53.8% from 2023. Cash
increased by $7,179,107 to $23,378,610. The Nation has no long-term debt. Net
financial assets increased 32.4% to $22,639,715. Accumulated surplus reached
$27,764,322, up 24.2%. Portfolio investments grew 5.4% to $1,418,660. Investment
in Nation business entities generated $72,076 in earnings. Deferred revenue
increased significantly to $3,880,029, primarily from new housing renovation
projects. The operating margin stood at 44.8%. The Nation demonstrates exceptional
financial strength with substantial cash reserves, zero debt, and strategic
housing investments through federal programs.

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FINANCIAL POSITION

Total Assets: $32,732,955
- Financial Assets: $27,608,348 (includes Cash: $23,378,610)
- Tangible Capital Assets: $5,085,282
- Property Under Development: $0

Total Liabilities: $4,968,633
- Long-term Debt: $0
- Accounts Payable: $245,839
- Deferred Revenue: $3,880,029
- Asset Retirement Obligation: $842,765

Net Financial Assets: $22,639,715 (up 32.4% from prior year)
Accumulated Surplus: $27,764,322 (up 24.2% from prior year)

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REVENUE & OPERATIONS

Total Revenue: $12,055,861 (down 33.7% from prior year)

Major Revenue Sources:
- Indigenous Services Canada: $5,251,068 (43.6%)
- Other Revenue: $2,144,355 (17.8%)
- First Nations Health Authority: $776,468 (6.4%)
- BC First Nation Gaming Revenue Sharing: $626,287 (5.2%)
- Investment Income: $446,721 (3.7%)
- First Nations Education Steering Committee: $435,198 (3.6%)
- Lease Revenue: $240,000 (2.0%)
- Province of British Columbia: $1,905,578 (15.8%)
- Rental Income: $81,750 (0.7%)
- First Nation Tax Commission: $76,360 (0.6%)
- Earnings from Investment in Nation Business Entities: $72,076 (0.6%)

Total Expenditures: $6,654,698 (up 2.2% from prior year)

Major Program Expenditures:
- Education, Youth, Elders, Language, Culture and Employment: $2,425,920 (36.4%)
- Health and Social Services: $926,216 (13.9%)
- Social Development: $926,276 (13.9%)
- Housing, Infrastructure and Community Buildings: $819,229 (12.3%)
- Administration: $688,766 (10.4%)
- Capital: $378,639 (5.7%)
- Lands: $364,853 (5.5%)
- Emergency Measures: $124,799 (1.9%)

Annual Surplus: $5,401,163 (down 53.8% from prior year)
Operating Margin: 44.8%

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KEY FINANCIAL METRICS

- Financial Assets to Liabilities Ratio: 5.6:1
- Debt-to-Assets Ratio: 0.0%
- Self-Generated Revenue: 56.4% of total
- Cash Reserves: 42.1 months of operating expenses
- Business Entity Profits: $72,076 from Ch-ihl-kway-uhk Forestry Limited
Partnership, Ch-ihl-kway-uhk Tribe Society, and Centre Creek Limited
Partnership

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CHIEF & COUNCIL REMUNERATION

Name Position Remuneration Expenses Total
------------------------------------------------------------------------------
Johnathon Prest Chief $19,650 $0 $19,650
Lara Mussell Chief $12,000 $0 $12,000
Alisha Peters Councillor $21,275 $288 $21,563
Dean Williams Councillor $13,575 $600 $14,175
Eddie Gardner Councillor $21,393 $584 $21,977
Elia Lockhart Councillor $72,600 $0 $72,600
John Williams Councillor $3,895 $50 $3,945
Ronald Williams Councillor $16,308 $0 $16,308
Sheila Stewart Councillor $20,910 $0 $20,910
Stephen Williams Councillor $10,538 $0 $10,538

Total Governance Compensation: $213,666 (1.8% of total revenue)

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Source: Audited consolidated financial statements, MNP LLP, April 17, 2025