LEONA KELLY

Si:yam

LENORA FRASER

Si:yam

DEAN JONES

Si:yam

LUCILLE CASIMIR

Si:yam

MELODY ANDREWS

Si:yam

LOUISE MUSSELL

Si:yam

BRENDA PETERS

Si:yam

SHAWNA PETERS

Si:yam

SONNY MCHALSIE

Si:yam

ALFRED JAMES

Si:yam

IRENE SMITH

Si:yam

SHXW'OW'HAMEL FIRST NATION FINANCIAL SUMMARY
Fiscal Year 2021-2022 (Ending March 31, 2022)

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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 Morine & Schindler Chartered Professional Accountants LLP.

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EXECUTIVE SUMMARY

Shxw'ow'hamel First Nation generated total revenue of $16,190,746, an increase
of 71.2% from the prior year. The Nation achieved an annual surplus of
$9,265,927, a substantial improvement from a deficit of $301,595 in the
previous year. Accumulated surplus reached $31,098,527, up 42.4% from 2021.
Net financial assets improved dramatically from negative $4,649,377 to positive
$2,271,157. Cash holdings increased 84.0% to $2,199,972 while long-term debt
increased 3.6% to $24,060,810. The Nation achieved significant revenue
diversification with investment income increasing to $1,764,386 and earnings
from equity investments reaching $4,165,235. Operating margin was 57.2%. The
financial position demonstrates substantial improvement in fiscal health and
investment performance.

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FINANCIAL POSITION

Total Assets: $55,391,296
- Financial Assets: $26,564,225 (includes Cash: $2,199,972)
- Tangible Capital Assets: $28,751,514
- Property Under Development: $75,857

Total Liabilities: $24,293,068
- Long-term Debt: $24,060,810
- Accounts Payable: $161,655
- Deferred Revenue: $0

Net Financial Assets: $2,271,157 (improved from negative $4,649,377 prior year)
Accumulated Surplus: $31,098,527 (up 42.4% from prior year)

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REVENUE & OPERATIONS

Total Revenue: $16,190,746 (up 71.2% from prior year)

Major Revenue Sources:
- Trans Mountain: $5,597,366 (34.6%)
- Earnings from Equity Investments: $4,165,235 (25.7%)
- Indigenous Services Canada: $2,221,158 (13.7%)
- Investment Income: $1,764,386 (10.9%)
- Province of BC: $344,688 (2.1%)
- First Nations Health Authority: $929,692 (5.7%)
- Rental Income: $217,562 (1.3%)
- Other Revenue: $950,659 (5.9%)

Total Expenditures: $6,924,819 (down 29.1% from prior year)

Major Program Expenditures:
- Administration: $4,367,234 (63.1%)
- Social Development: $462,395 (6.7%)
- Lands & Resources: $452,336 (6.5%)
- Education and Culture: $641,792 (9.3%)
- Housing and Infrastructure: $395,209 (5.7%)

Annual Surplus: $9,265,927 (improved from deficit of $301,595 prior year)
Operating Margin: 57.2%

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KEY FINANCIAL METRICS

- Financial Assets to Liabilities Ratio: 1.09:1
- Debt-to-Assets Ratio: 43.4%
- Self-Generated Revenue: 72.6% of total
- Cash Reserves: 3.8 months of operating expenses
- Business Entity Profits: $4,165,235 from 2 partnerships/entities

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CHIEF & COUNCIL REMUNERATION

Information not publicly available or not required to be disclosed for this
reporting period.

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Source: Audited consolidated financial statements, Morine & Schindler
Chartered Professional Accountants LLP, October 3, 2024