Iwówes | Union Bar First Nation
The Union Bar First Nation is a First Nations band located in southwestern British Columbia, with traditional lands along the Fraser River.
Overview
Last Updated 2026-03-28 21:46:55 UTCBand Council
ANDREW (ANDY) ALEX
Chief
Administrative Contacts
Financial Overview
UNION BAR FIRST NATIONS 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 Joseph W Martin, CPA.
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EXECUTIVE SUMMARY
Union Bar First Nations generated total revenue of $3,720,142, up 8.0% from the
prior year, driven by significant pipeline income of $1,575,000 and real estate
partnership revenue of $840,886. The Nation achieved an annual surplus of
$1,087,840, up 28.4% from prior year, while accumulated surplus increased to
$23,125,547. Net financial assets rose to $3,930,945, up 28.2% from prior year.
The Nation holds cash of $2,170,610 and maintains minimal debt through a
government temporary loan of $126,100. Investment income reached $65,266. The
Nation operates diverse revenue streams including forestry, gaming, and real
estate partnerships, maintaining a 29.2% operating margin and strengthening
financial position.
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FINANCIAL POSITION
Total Assets: $23,546,714
- Financial Assets: $4,352,112 (includes Cash: $2,170,610)
- Tangible Capital Assets: $19,194,522
- Funds Held in Trust: $154,612
Total Liabilities: $421,167
- Government Temporary Loan: $126,100
- Accounts Payable: $145,426
- Deferred Revenue: $75,000 (estimated)
Net Financial Assets: $3,930,945 (up 28.2% from prior year)
Accumulated Surplus: $23,125,547 (up 4.9% from prior year)
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REVENUE & OPERATIONS
Total Revenue: $3,720,142 (up 8.0% from prior year)
Major Revenue Sources:
- Pipeline Income: $1,575,000 (42.3%)
- Real Estate Group Limited Partnerships: $840,886 (22.6%)
- Indigenous Services Canada: $532,177 (14.3%)
- BCFN Gaming: $287,077 (7.7%)
- Forestry Income - Timber Rights: $235,693 (6.3%)
- Interest Income: $65,266 (1.8%)
- Ottawa Trust Interest and Royalties: $5,368 (0.1%)
- Other Grants: $46,250 (1.2%)
- Hope Landfill Settlement: $47,010 (1.3%)
- Rental Income UBFN: $10,400 (0.3%)
- Aboriginal Society Child Care: $75,000 (2.0%)
- Real Estate Group General Partners: $15 (0.0%)
Total Expenditures: $2,632,302 (up 1.4% from prior year)
Major Program Expenditures:
- General Administration: $1,407,763 (53.5%)
- Real Estate Group Limited Partnerships: $686,195 (26.1%)
- ISC Expenses Administration: $532,177 (20.2%)
- Real Estate Group General Partners: $6,167 (0.2%)
Annual Surplus: $1,087,840 (up 28.4% from prior year)
Operating Margin: 29.2%
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KEY FINANCIAL METRICS
- Financial Assets to Liabilities Ratio: 10.3:1
- Debt-to-Assets Ratio: 0.5%
- Self-Generated Revenue: 85.7% of total
- Cash Reserves: 9.9 months of operating expenses
- Real Estate Partnership Revenue: $840,901 from multiple partnerships
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CHIEF & COUNCIL REMUNERATION
Name Position Remuneration Expenses Total
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Chief Andy Alex Chief $187,938 $4,758 $192,696
Total Governance Compensation: $192,696 (5.2% of total revenue)
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Source: Audited consolidated financial statements, Joseph W Martin CPA, July 31, 2025
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Reserves
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ISC Code: 8092
KLAKLACUM 12
26.2 Hectares
YALE DISTRICT IN SECS. 27&28, TP.5,R.26,W.6M, ON RIGHT BANK OF THE FRASER RIVER 3 MILES NORTH OF HOPE
[49.4186039, -121.4340938] -
ISC Code: 8096
KAWKAWA LAKE 16
6.5 Hectares
YALE DISTRICT, IN SECTIONS 11 AND 14, TP.5,R26,W.6M, ON SOUTHEAST SHORE OF KAWKAWA LAKE
[49.3841189, -121.393298] -
ISC Code: 8094
SWAHLISEAH 14
86.3 Hectares
YALE DISTRICT, ON LEFT BANK OF THE FRASER RIVER, 1/2 MILE SOUTH OF TRAFALGAR C.N. STATION
[49.4252367, -121.419119] -
ISC Code: 8093
TRAFALGAR FLAT 13
66.2 Hectares
YALE DISTRICT, ON LEFT BANK OF THE FRASER RIVER, 2.5 MILES NORTH OF HOPE
[49.4151341, -121.4176054] -
ISC Code: 8095
AYWAWWIS 15
89.5 Hectares
YALE DIST. IN SEC15,22, & BANK OF THE FRASER RIVER, N. OF MOUTH OF THE COQUIHALLA RIV.
[49.39722889999999, -121.4186349] -
ISC Code: 8090
SKAWAHLUM 10
6.0 Hectares
YALE DIST. IN SECS. 3&10, TO6,R26,W.6M ON RIGHT BANK OF THE FRASER RIVER, 5 MILES NORTH OF HOPE
[49.4541624, -121.4201093] -
ISC Code: 8091
PUCKATHOLETCHIN 11
219.0 Hectares
YALE DIST. IN SECS. 33&34, TP.5,R.26, SECS. 3,4,9&10, TP.6, R.26,W.6M, RIGHT BANK OF FRASER RIVER, 4 MLS N. OF HOPE
[49.44427899999999, -121.4353506]
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