BONNIE ADOLPH

Chief

JOLENE ALEC

Councillor

ROBIN FRANK

Councillor

JESSICA HOPKINS

Councillor

CAYOOSE CREEK INDIAN BAND FINANCIAL SUMMARY
Fiscal Year 2022-2023 (Ending March 31, 2023)

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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 Reid Hurst Nagy Inc.

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EXECUTIVE SUMMARY

Cayoose Creek Indian Band generated total revenue of $4,763,636, a decrease of
9.7% from the prior year. The Nation achieved an annual deficit of $103,417
after adjusting for deferred revenue transfers, compared to a surplus of
$371,493 in 2022. However, the Nation reported a surplus of $581,966 before
deferred revenue adjustments. Accumulated surplus decreased 2.6% to $3,824,679.
Net financial assets decreased 2.9% to $2,159,601. Cash holdings increased
22.2% to $4,704,889, representing 13.5 months of operating expenses. Long-term
debt decreased 15.3% to $1,245,651. Revenue sources included ISC funding
($1,870,104), BC Hydro ($590,229), First Nations Health Authority ($487,459),
and various other government and own-source revenues. The Nation maintains
substantial cash reserves despite the operating deficit.

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FINANCIAL POSITION

Total Assets: $7,939,923
- Financial Assets: $6,274,845 (includes Cash: $4,704,889)
- Tangible Capital Assets: $1,652,162
- Prepaid Expenses: $12,916

Total Liabilities: $4,115,244
- Long-term Debt: $1,245,651
- Accounts Payable: $889,685
- Deferred Revenue: $1,955,717
- Replacement Reserve Fund: $24,191

Net Financial Assets: $2,159,601 (down 2.9% from prior year)
Accumulated Surplus: $3,824,679 (down 2.6% from prior year)

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REVENUE & OPERATIONS

Total Revenue: $4,763,636 (down 9.7% from prior year)

Major Revenue Sources:
- Indigenous Services Canada: $1,870,104 (39.3%)
- Government of Canada: $703,988 (14.8%)
- BC Hydro: $590,229 (12.4%)
- First Nations Health Authority: $487,459 (10.2%)
- Own Source Revenues: $300,043 (6.3%)
- Province of BC: $208,040 (4.4%)
- Other: $169,545 (3.6%)
- Interest: $130,462 (2.7%)
- Rental: $93,900 (2.0%)
- Lillooet Tribal Council: $69,542 (1.5%)
- First Nations Education Steering Committee: $54,530 (1.1%)
- Property Tax Assessed: $34,947 (0.7%)
- Canada Mortgage and Housing Corporation: $30,850 (0.6%)
- First Nations Emergency Services: $16,997 (0.4%)
- Donations: $3,000 (0.1%)

Total Expenditures: $4,181,670 (up 10.1% from prior year)

Major Program Expenditures:
- Business Planning: $1,054,693 (25.2%)
- First Nation Health Authority: $497,904 (11.9%)
- Capacity Building: $471,732 (11.3%)
- Band Support: $716,728 (17.1%)
- Public Works: $351,704 (8.4%)
- Education: $341,227 (8.2%)
- Social Assistance: $290,171 (6.9%)
- Capital Fund: $170,581 (4.1%)
- Community Pillar Services: $148,348 (3.5%)
- Band Housing: $86,485 (2.1%)
- CMHC Housing: $52,097 (1.2%)

Annual Surplus Before Deferred Revenue: $581,966
Deferred Revenue Adjustments: ($685,383)
Annual Deficit After Adjustments: ($103,417)
Operating Margin (before deferrals): 12.2%

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KEY FINANCIAL METRICS

- Financial Assets to Liabilities Ratio: 1.52:1
- Debt-to-Assets Ratio: 15.7%
- Self-Generated Revenue: 24.1% of total
- Cash Reserves: 13.5 months of operating expenses
- Investment in Government Business Enterprises: Not available

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CHIEF & COUNCIL REMUNERATION

Name Position Remuneration Expenses Total
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Michelle Edwards Chief $23,175 $15,674 $38,849
Robin Frank Councillor $22,175 $4,678 $26,853
Jessica Hopkins Councillor $21,575 $3,784 $25,359
Bonnie Adolph Councillor $20,775 $3,300 $24,075

Total Governance Compensation: $115,136 (2.4% of total revenue)

Note: Per the auditor's qualified review report, this schedule excludes
payments made by Government Entities to Chief and Councillors, as disclosed
only for remuneration paid directly by the Band.

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Source: Audited consolidated financial statements, Reid Hurst Nagy Inc.,
January 27, 2025