Semá:th | Sumas First Nation
The Sumas First Nation is an Indigenous community located near Abbotsford, British Columbia, with a rich cultural heritage in the Lower Mainland region.
Overview
Last Updated 2026-03-25 02:46:00 UTCBand Council
DALTON SILVER
Chief
TROY GANZEVELD
Councillor
SAMUEL KELLY
Councillor
IRIS POINT
Councillor
CLINT TUTTLE
Councillor
Administrative Contacts
Financial Overview
SUMAS 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 Manning Elliott LLP.
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EXECUTIVE SUMMARY
Sumas First Nation reported total revenue of $21,029,012, down 23.3% from the
prior year, with an annual surplus of $2,653,414, down 61.4% from 2023. The
Nation's accumulated surplus increased to $42,659,649 with net financial assets
of $19,202,892, up 17.2%. Cash holdings increased significantly to $9,475,118
from $6,362,059, while long-term debt decreased to $3,857,730. The Nation
demonstrated improved liquidity with deferred revenue increasing to $13,236,535.
Revenue sources remain moderately diversified with government transfers at 56%
and own-source revenue at 44%. The operating margin was 12.6%. The Nation
maintains a stable financial position with strong cash reserves and decreasing
debt obligations.
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FINANCIAL POSITION
Total Assets: $61,435,225
- Financial Assets: $37,978,468 (includes Cash: $12,401,493)
- Tangible Capital Assets: $21,659,429
- Property Under Development: $1,536,678
Total Liabilities: $18,775,576
- Long-term Debt: $3,857,730
- Accounts Payable: $1,681,311
- Deferred Revenue: $13,236,535
Net Financial Assets: $19,202,892 (up 17.2% from prior year)
Accumulated Surplus: $42,659,649 (up 8.2% from prior year)
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REVENUE & OPERATIONS
Total Revenue: $21,029,012 (down 23.3% from prior year)
Major Revenue Sources:
- Indigenous Services Canada - Contracts: $7,365,188 (35.0%)
- Indigenous Services Canada: $4,183,664 (19.9%)
- Lease Interest and Other Income: $3,007,347 (14.3%)
- Province of British Columbia: $971,756 (4.6%)
- Property Taxation: $909,458 (4.3%)
- First Nations Health Authority: $885,328 (4.2%)
- Department of Natural Resources: $679,663 (3.2%)
- CMHC and Housing Charges: $456,914 (2.2%)
- Government Business Partnerships Gain: $461,490 (2.2%)
- Gaming Revenue: $421,231 (2.0%)
- Other Sources: $1,687,973 (8.1%)
Total Expenditures: $18,375,598 (down 10.6% from prior year)
Major Program Expenditures:
- Indigenous Services Canada Contracts: $6,788,881 (37.0%)
- Administration and Technical Service: $1,557,885 (8.5%)
- Governance and Natural Resources: $1,931,108 (10.5%)
- Education Programs: $1,576,947 (8.6%)
- Housing: $1,615,595 (8.8%)
- Capital Projects: $1,534,291 (8.4%)
Annual Surplus: $2,653,414 (down 61.4% from prior year)
Operating Margin: 12.6%
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KEY FINANCIAL METRICS
- Financial Assets to Liabilities Ratio: 2.02:1
- Debt-to-Assets Ratio: 6.3%
- Self-Generated Revenue: 44% of total
- Cash Reserves: 6.1 months of operating expenses
- Business Entity Profits: $461,490 from partnership investments
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CHIEF & COUNCIL REMUNERATION
Name Position Remuneration Expenses Total
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Dalton Silver Chief $90,017 $23,668 $113,685
Clint Tuttle Councillor $79,895 $12,973 $92,868
Chris Silver Councillor $82,930 $8,194 $91,124
Troy Ganzeveld Councillor $65,025 $1,618 $66,643
Total Governance Compensation: $364,320 (1.7% of total revenue)
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Source: Audited consolidated financial statements, Manning Elliott LLP,
July 31, 2024
Band Financial Statements
Band Council Remuneration
Band Owned Corporations
No Content Available
Laws, Bylaws, and Codes
Intergovernmental Agreements
Active Court Cases
Downloadable Court Records
Location Map
Reserves
-
ISC Code: 9657
PEKW'XE:YLES (PECKQUAYLIS)
10.3 Hectares
[49.1434849, -122.2745945] -
ISC Code: 8061
UPPER SUMAS 6
235.0 Hectares
NEW WESTMINSTER DISTRICT, IN SECS. 18 TO 20, TP19,E.C.M. ON LONZO CREEK AND THE SUMAS RIVER
[49.05287939999999, -122.197232] -
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