Skw'átets | Peters First Nation
Peters First Nation is an Indigenous community situated in the Hope area of British Columbia, with a rich historical connection to the Fraser River watershed and surrounding mountainous territories
Overview
Last Updated 2026-03-26 13:41:15 UTCBand Council
NORMA WEBB
Chief
DAVID PETERS
Councillor
VICTORIA PETERS
Councillor
Administrative Contacts
Financial Overview
PETERS 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
Peters First Nation generated total revenue of $29,949,725, up 17.0% from
prior year, with annual surplus of $17,373,332, down 2.6% from prior year.
Accumulated surplus reached $50,113,294, up 53.3% from prior year. Net
financial assets increased 51.7% to $48,062,196. Cash resources decreased
75.9% to $1,928,989, while the Nation has no long-term debt. Revenue growth
driven by earnings from Nation business entities of $23,591,957, up 77.8%
from prior year. The Nation distributed $7,371,041 to members during the year.
Operating margin reached 58.0%. The Nation maintains substantial investments
in business entities totaling $37,837,270 and portfolio investments of
$5,021,760.
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FINANCIAL POSITION
Total Assets: $53,936,274
- Financial Assets: $51,885,176 (includes Cash: $1,928,989)
- Tangible Capital Assets: $2,008,975
- Prepaid Expenses: $42,123
Total Liabilities: $3,822,980
- Long-term Debt: $0
- Accounts Payable: $756,633
- Deferred Revenue: $3,066,347
Net Financial Assets: $48,062,196 (up 51.7% from prior year)
Accumulated Surplus: $50,113,294 (up 53.3% from prior year)
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REVENUE & OPERATIONS
Total Revenue: $29,949,725 (up 17.0% from prior year)
Major Revenue Sources:
- Earnings from Nation Business Entities: $23,591,957 (78.8%)
- Other Funding and Revenue: $3,111,791 (10.4%)
- Indigenous Services Canada: $1,519,179 (5.1%)
- Province of British Columbia: $633,441 (2.1%)
- Investment Income: $521,309 (1.7%)
- First Nation Health Authority: $253,143 (0.8%)
- Ottawa Trust Distributions: $203,018 (0.7%)
- First Nations Education Steering Committee: $115,887 (0.4%)
Total Expenditures: $12,576,393 (up 62.1% from prior year)
Major Program Expenditures:
- Administration: $10,052,276 (79.9%)
- Education: $519,170 (4.1%)
- Health: $239,302 (1.9%)
- Maintenance and Capital: $1,619,746 (12.9%)
- Social Assistance: $99,756 (0.8%)
Annual Surplus: $17,373,332 (down 2.6% from prior year)
Operating Margin: 58.0%
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KEY FINANCIAL METRICS
- Financial Assets to Liabilities Ratio: 13.6:1
- Debt-to-Assets Ratio: 0.0%
- Self-Generated Revenue: 94.9% of total
- Cash Reserves: 1.8 months of operating expenses
- Business Entity Profits: $23,591,957 from Nation-owned partnerships
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CHIEF & COUNCIL REMUNERATION
Name Position Remuneration Expenses Total
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Victoria Peters Councillor $99,807 $0 $99,807
Norma Webb Chief $79,825 $0 $79,825
David Peters Councillor $30,446 $0 $30,446
Total Governance Compensation: $210,078 (0.7% of total revenue)
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Source: Audited consolidated financial statements, MNP LLP, May 14, 2025
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Reserves
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ISC Code: 8085
PETERS 1A
26.2 Hectares
YALE DISTRICT, RP.4, R.28, W.6M, ONLEFT BANK OF THE FRASER RIVER, OPPOSITE END OF SEABIRD ISLAND
[49.263738, -121.7237608] -
ISC Code: 8086
PETERS 2
39.7 Hectares
YALE DISTRICT, IN SECS, 13&24, TP.4,R.28,W.6M, WEST HALF OF ISLAND NORTH OF I.R. NO. 1
[nil, nil] -
ISC Code: 8084
PETERS 1
131.1 Hectares
LEFT BANK/RIVAGE GAUCHE RIVIERE FRASER RIVER
[49.3050018, -121.6531124]
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