JENN CARMAN

Councillor

SHARRON YOUNG

Hereditary Chief

SKAWAHLOOK FIRST NATION FINANCIAL SUMMARY
Fiscal Year 2024-2025 (Ending March 31, 2025)

================================================================================

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 Stolz CPA Inc.

================================================================================

EXECUTIVE SUMMARY

Skawahlook First Nation reported total revenue of $5,384,907, a decrease of 5.2%
from the prior year. The Nation generated an annual surplus of $1,425,169, down
23.5% from 2024. Cash decreased by $723,239 to $2,619,837, while long-term debt
increased by $45,582 to $86,660. Net financial assets increased 12.9% to
$14,445,205. The Nation maintained accumulated surplus of $18,826,596, up 10.4%.
Portfolio investments grew significantly by 21.4% to $11,079,265, demonstrating
continued asset diversification. The operating margin stood at 26.5%. The Nation
continues to maintain a strong financial position with substantial reserves and
controlled debt levels.

================================================================================

FINANCIAL POSITION

Total Assets: $18,968,972
- Financial Assets: $14,587,581 (includes Cash: $2,619,837)
- Tangible Capital Assets: $4,227,641
- Property Under Development: $0

Total Liabilities: $142,376
- Long-term Debt: $86,660
- Accounts Payable: $55,716
- Deferred Revenue: $0

Net Financial Assets: $14,445,205 (up 12.9% from prior year)
Accumulated Surplus: $18,826,596 (up 10.4% from prior year)

================================================================================

REVENUE & OPERATIONS

Total Revenue: $5,384,907 (down 5.2% from prior year)

Major Revenue Sources:
- Other Income: $2,796,810 (51.9%)
- Indigenous Services Canada: $1,271,080 (23.6%)
- Investment Income: $495,080 (9.2%)
- BC Gaming Revenue: $268,962 (5.0%)
- Taxation: $196,480 (3.6%)
- Province of British Columbia: $197,551 (3.7%)
- First Nations Education Steering Committee: $71,634 (1.3%)
- Rental Income: $54,200 (1.0%)
- Crown-Indigenous Relations and Northern Affairs: $28,011 (0.5%)
- Sto:lo Nation: $5,099 (0.1%)

Total Expenditures: $3,959,738 (up 3.7% from prior year)

Major Program Expenditures:
- Government: $3,348,968 (84.6%)
- Capital: $164,424 (4.2%)
- Taxation: $360,268 (9.1%)
- Self-Generated Funds: $86,078 (2.2%)

Annual Surplus: $1,425,169 (down 23.5% from prior year)
Operating Margin: 26.5%

================================================================================

KEY FINANCIAL METRICS

- Financial Assets to Liabilities Ratio: 102.4:1
- Debt-to-Assets Ratio: 0.5%
- Self-Generated Revenue: 75.4% of total
- Cash Reserves: 7.9 months of operating expenses
- Business Entity Profits: $199,147 from investment in Seven Generations
Environmental Services Ltd.

================================================================================

CHIEF & COUNCIL REMUNERATION

Name Position Remuneration Expenses Total
------------------------------------------------------------------------------
Maureen Chapman Chief $67,736 $1,345 $69,081
Debra Schneider Councillor $30,799 $1,504 $32,303
Jennifer Carman Councillor $7,100 $880 $7,980

Total Governance Compensation: $105,635 (2.0% of total revenue)

================================================================================

Source: Audited consolidated financial statements, Stolz CPA Inc., July 22, 2025