Xwchíyò:m | Cheam First Nation
The Cheam First Nation is an Indigenous community situated in the traditional territories of the Stó:lō people in southwestern British Columbia
Overview
Last Updated 2026-03-31 13:47:33 UTCBand Council
MICHAEL VICTOR
Chief
LUKE PIKE
Councillor
ALLISON CALLIOU
Councillor
LISA DOUGLAS
Councillor
DANIEL EDWARDS
Councillor
CATANA TOMMY
Councillor
Administrative Contacts
Financial Overview
CHEAM FIRST NATION FINANCIAL SUMMARY
Fiscal Year 2024-2025 (Ending March 31, 2025)
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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
Cheam First Nation generated total revenue of $19,368,701, an increase of 4.8%
from the prior year, and achieved an annual surplus of $4,348,933, down 46.6%
from 2024. The Nation's accumulated surplus reached $43,721,071, up 11.3%,
while net financial assets decreased 37.4% to $13,112,612 primarily due to
significant capital investments. Cash reserves declined 24.5% to $15,229,877
as the Nation invested $13,680,096 in tangible capital assets and increased
long-term debt to $19,959,464 to finance infrastructure expansion. Revenue
diversification improved with contracts and other revenue reaching $8,428,904
and investment in business entities growing substantially to $22,960,593. The
Nation maintained a 22.5% operating margin and holds approximately 9.7 months
of operating expenses in cash reserves, positioning it well for continued
growth despite increased leverage.
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FINANCIAL POSITION
Total Assets: $72,785,510
- Financial Assets: $42,177,051 (includes Cash: $15,229,877)
- Tangible Capital Assets: $30,572,377
- Prepaid Expenses: $36,082
Total Liabilities: $29,064,439
- Long-term Debt: $19,959,464
- Accounts Payable: $4,807,139
- Deferred Revenue: $4,297,836
Net Financial Assets: $13,112,612 (down 38.5% from prior year)
Accumulated Surplus: $43,721,071 (up 11.3% from prior year)
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REVENUE & OPERATIONS
Total Revenue: $19,368,701 (up 4.8% from prior year)
Major Revenue Sources:
- Contracts and Other Revenue: $8,428,904 (43.5%)
- Indigenous Services Canada: $3,860,285 (19.9%)
- Other Federal Funding: $2,713,944 (14.0%)
- Interest Income: $891,854 (4.6%)
- Property Tax: $879,724 (4.5%)
- First Nation Health Authority: $671,888 (3.5%)
- Province of BC: $563,396 (2.9%)
- Lease Income: $420,500 (2.2%)
- BCFN Gaming Revenue: $391,302 (2.0%)
- Rental Income: $243,529 (1.3%)
- Canada Mortgage and Housing Corporation: $222,966 (1.2%)
- Investment Income: $54,729 (0.3%)
- Earnings from Investment in Nation Business Entities: $25,680 (0.1%)
Total Expenditures: $15,019,768 (up 45.3% from prior year)
Major Program Expenditures:
- Lands and Resource Management and Economic Development: $2,047,321 (13.6%)
- Administration and Governance: $2,156,987 (14.4%)
- Taxation, Own Source Revenue, IBAs and Investments: $1,508,396 (10.0%)
- Education, Employment and Training: $1,448,614 (9.6%)
- Rights and Title, Territorial Stewardship: $1,422,485 (9.5%)
- Language, Culture and Community: $1,190,070 (7.9%)
- Health Services: $1,127,828 (7.5%)
- Tangible Capital Assets (Amortization): $1,092,854 (7.3%)
Annual Surplus: $4,348,933 (down 46.6% from prior year)
Operating Margin: 22.5%
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KEY FINANCIAL METRICS
- Financial Assets to Liabilities Ratio: 1.45:1
- Debt-to-Assets Ratio: 27.4%
- Self-Generated Revenue: 51.5% of total
- Cash Reserves: 9.7 months of operating expenses
- Business Entity Investment: $22,960,593 from 2 entities
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CHIEF & COUNCIL REMUNERATION
Name Position Remuneration Expenses Total
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Andrew Victor Chief $52,560 $4,811 $57,371
Stephanie Fredette Councillor $46,107 $0 $46,107
Ray Douglas Councillor $42,355 $662 $43,017
Annie Silver Councillor $47,797 $33 $47,830
Luke Pike Councillor $32,600 $0 $32,600
Darwin Douglas Chief $16,186 $0 $16,186
Lisa Douglas Councillor $15,678 $0 $15,678
Lincoln Douglas Councillor $9,205 $0 $9,205
Michael Victor Councillor $30,851 $800 $31,651
Melvin Wilson Councillor $1,355 $0 $1,355
Total Governance Compensation: $300,994 (1.6% of total revenue)
Note: Remuneration data from fiscal year ended March 31, 2024. Fiscal year
2025 data not yet available at time of report preparation.
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Source: Audited consolidated financial statements, MNP LLP, July 25, 2025
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: 8081
CHEAM 1
305.1 Hectares
NEW WESTMINSTER. DIST. IN SECS. 6&7, TP.3, R.28, SECS. 1 &12, TP3, R29,W6M LFT BANK FRASER RVR & N SHORE CHEAM LAKE
[49.2057179, -122.910956] -
ISC Code: 9657
PEKW'XE:YLES (PECKQUAYLIS)
10.3 Hectares
[49.1434849, -122.2745945] -
ISC Code: 8082
TSEATAH 2
157.8 Hectares
NEW WESTMINSTER DISTRICT, IN TP3,R28,W.6M, ON RIGHT BANK OF FRASER RIVER, 2 MILES SOUTH OF AGASSIZ
[49.2057179, -122.910956] -
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