Pópkw’em | Popkum First Nation
The Popkum First Nation is a First Nations band government located in southwestern British Columbia, situated in the traditional territory of Coast Salish peoples.
Overview
Last Updated 2026-03-31 20:42:03 UTCBand Council
JAMES MURPHY
Chief
Administrative Contacts
Financial Overview
POPKUM FIRST NATION FINANCIAL SUMMARY
Fiscal Year 2017-2018 (Ending March 31, 2018)
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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
Popkum First Nation experienced exceptional financial improvement in fiscal
2017-2018, generating total revenue of $1,164,554 (up 246.5% from prior year)
and achieving an annual surplus of $483,762 compared to a prior year deficit of
$169,803. The Nation's accumulated surplus reached $434,680 from a deficit
position of $49,082 the previous year. Cash position strengthened significantly
to $440,020 from $12,359, while long-term debt was eliminated entirely through
debt forgiveness of $70,798. Net financial assets improved dramatically to
$432,085 from net debt of $52,149. Other income increased substantially to
$856,036, representing 73.5% of total revenue and demonstrating significant
revenue diversification beyond government transfers.
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FINANCIAL POSITION
Total Assets: $476,290
- Financial Assets: $473,695 (includes Cash: $440,020)
- Tangible Capital Assets: $2,595
- Funds Held in Trust: $3,575
Total Liabilities: $41,610
- Long-term Debt: $0
- Accounts Payable: $41,610
Net Financial Assets: $432,085 (up from net debt of $52,149 prior year)
Accumulated Surplus: $434,680 (up from deficit of $49,082 prior year)
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REVENUE & OPERATIONS
Total Revenue: $1,164,554 (up 246.5% from prior year)
Major Revenue Sources:
- Other Income: $856,036 (73.5%)
- Indigenous Services Canada: $100,572 (8.6%)
- Gain on Debt Forgiveness: $70,798 (6.1%)
- Rental Income: $54,698 (4.7%)
- Province of BC: $45,930 (3.9%)
- Property Taxation: $27,345 (2.3%)
- BC Hydro: $9,070 (0.8%)
- Ottawa Trust: $105 (0.01%)
Total Expenditures: $680,792 (up 34.6% from prior year)
Major Program Expenditures:
- Administration: $471,244 (69.2%)
- Rights and Title: $209,548 (30.8%)
Annual Surplus: $483,762 (prior year deficit of $169,803)
Operating Margin: 41.5%
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KEY FINANCIAL METRICS
- Financial Assets to Liabilities Ratio: 11.4:1
- Debt-to-Assets Ratio: 0%
- Self-Generated Revenue: 84.0% of total
- Cash Reserves: 7.8 months of operating expenses
- Business Entity Profits: $0 from 1 entity (Popkum FN Development Corp)
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CHIEF & COUNCIL REMUNERATION
Name Position Remuneration Expenses Total
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James Murphy Chief $85,931 $1,460 $87,391
Total Governance Compensation: $87,391 (7.5% of total revenue)
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AUDITOR'S NOTES
The auditor issued a qualified opinion due to:
- Insufficient documentation for $126,344 in expenses (unclassified)
- Insufficient documentation for $91,036 in other income
- Missing budgeted information required by Canadian Public Sector Accounting
Standards
These limitations in scope prevented full verification of certain financial
information. Users should consider these qualifications when reviewing the
financial position.
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Source: Audited consolidated financial statements, MNP LLP, September 17, 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: 8366
POPKUM 2
8.6 Hectares
[49.1837177, -121.7451795] -
ISC Code: 8083
POPKUM 1
141.1 Hectares
YALE DISTRICT, IN TP.3,R.28,W.6M, ON LEFT BANK OF THE FRASER RIVER, 2 MILES NORTHEAST OF BRIDAL FALLS
[49.191622, -121.738538] -
ISC Code: 10235
COQUALEETZA
23.4 Hectares
CHILLIWACK NEW WESTMINSTER DISCTRICT
[nil, nil]
Media Reports
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