Spô’zêm | Spuzzum First Nation
The Spuzzum First Nation is a small Indigenous community located in the Fraser Canyon area of British Columbia, with deep historical connections to the local landscape and traditional territories.
Overview
Last Updated 2026-03-27 20:43:07 UTCBand Council
DIANA STROMQUIST
Councillor
JANICE KUESTER
Interim Chief
Administrative Contacts
Financial Overview
SPUZZUM FIRST NATION FINANCIAL SUMMARY
Fiscal Year 2023-2024 (Ending March 31, 2024)
================================================================================
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 Ribeyre CPA.
================================================================================
EXECUTIVE SUMMARY
Spuzzum First Nation generated total revenue of $3,970,823, down 1.8% from the
prior year, while achieving an annual surplus of $905,527, down 26.7% from
$1,235,578 in 2023. The Nation holds accumulated surplus of $9,395,643 and net
financial assets of $6,312,803, representing increases of 10.7% and 18.4%
respectively. Cash position increased significantly by 46.6% to $5,040,635,
while long-term debt declined 7.2% to $1,086,830. Revenue diversification
improved through increased funding from First People Culture Councils ($388,000)
and Government of Canada programs ($639,353), reducing reliance on Indigenous
Services Canada transfers which decreased from 67.5% to 43.9% of total revenue.
Operating margin remained healthy at 22.8%. The Nation's financial position
continues to strengthen with growing reserves and declining debt obligations.
================================================================================
FINANCIAL POSITION
Total Assets: $9,476,443
- Financial Assets: $8,006,200 (includes Cash: $5,040,635)
- Tangible Capital Assets: $3,057,139
- Property Under Development: $0
Total Liabilities: $1,693,397
- Long-term Debt: $1,086,830
- Accounts Payable: $115,940
- Deferred Revenue: $490,627
Net Financial Assets: $6,312,803 (up 18.4% from prior year)
Accumulated Surplus: $9,395,643 (up 10.7% from prior year)
================================================================================
REVENUE & OPERATIONS
Total Revenue: $3,970,823 (down 1.8% from prior year)
Major Revenue Sources:
- Indigenous Services Canada: $1,743,128 (43.9%)
- Government of Canada: $639,353 (16.1%)
- First People Culture Councils: $388,000 (9.8%)
- Fraser Thompson Indian Services Society: $357,480 (9.0%)
- Province of BC: $337,781 (8.5%)
- Other income: $314,166 (7.9%)
- New Relationship Trust: $260,000 (6.5%)
- Rental: $102,115 (2.6%)
- First Nations Education Steering Committee: $96,466 (2.4%)
- Canada Mortgage and Housing Corporation: $81,912 (2.1%)
- First Nation Health Authority: $65,760 (1.7%)
- Investment income: $31,546 (0.8%)
- Property tax revenue: $21,183 (0.5%)
- Sto:Lo Aboriginal Skills & Employment Training: $21,252 (0.5%)
- Deferred revenue recognized: ($489,319) (-12.3%)
Total Expenditures: $3,065,296 (up 9.2% from prior year)
Major Program Expenditures:
- Finance and administration: $953,227 (31.1%)
- Social development: $422,371 (13.8%)
- Education and training: $411,953 (13.4%)
- Health: $348,874 (11.4%)
- Community infrastructure: $278,643 (9.1%)
- Other: $261,097 (8.5%)
- Economic development: $251,276 (8.2%)
- Special claims: $124,677 (4.1%)
- Program funding: $11,813 (0.4%)
- Taxation: $1,365 (0.0%)
Annual Surplus: $905,527 (down 26.7% from prior year)
Operating Margin: 22.8%
================================================================================
KEY FINANCIAL METRICS
- Financial Assets to Liabilities Ratio: 4.7:1
- Debt-to-Assets Ratio: 11.5%
- Self-Generated Revenue: 17.7% of total
- Cash Reserves: 19.7 months of operating expenses
- Business Entity Profits: Minimal equity earnings from investment partnerships
================================================================================
CHIEF & COUNCIL REMUNERATION
Name Position Remuneration Expenses Total
------------------------------------------------------------------------------
James Hobart Chief $65,950 $16,424 $82,374
Angela Mitchell Councillor $61,354 $1,257 $62,611
Diana Stromquist Councillor $30,450 $3,888 $34,338
Total Governance Compensation: $157,754 (4.0% of total revenue)
================================================================================
Source: Audited consolidated financial statements, Ribeyre CPA, March 27, 2025
Band Financial Statements
Band Council Remuneration
Band Owned Corporations
No Content Available
Laws, Bylaws, and Codes
Intergovernmental Agreements
Active Court Cases
Downloadable Court Records
Location Map
Reserves
-
ISC Code: 7385
SKUET 6
4.7 Hectares
YALE DISTRICT, ON LEFT BANK OF THE FRASER RIVER, 1 MILE SOUTH OF ALEXANDRA BRIDGE
[49.6980037, -121.4055983] -
ISC Code: 7388
SADDLE ROCK 9
32.0 Hectares
YALE DIST SECS 6&7,TP8,R25, SECS 1&12, TP8,R26,W.6M ON RIGHT BANK OF FRASE RIVER AT SADDLE ROCK C.P. STATION
[49.631086, -121.3936572] -
ISC Code: 7374
SPUZZUM 1
125.3 Hectares
YALE DISTRICT ON RIGHT BANK OF THE FRASER RIVER, SOUTH OF AND AT MOUTH OF SPUZZUM CREEK
[49.6603017, -121.4163156] -
ISC Code: 7386
SPUZZUM 7
46.1 Hectares
YALE DISTRICT, ON LEFT BANK OF THE FRASER RIVER, 1 MILE NORTH OF STOUT C.N. STATION
[49.6555393, -121.3969284] -
ISC Code: 7382
YELAKIN 4A
64.7 Hectares
YALE DISTRICT, EAST OF FRASER RIVER, EAST OF AND ADJOINING I.R. NO. 4
[49.75007069999999, -121.4095365] -
ISC Code: 7389
CHAPMAN'S BAR 10
2.8 Hectares
YALE DIST. IN SEC. 11, TP.9, R26, W.6M, ON LEFT BANK OF THE FRASER RIVER, 1 MILE NORTH OF ALEXANDRA BRIDGE T.C. HWY
[49.7223948, -121.4231299] -
ISC Code: 7377
PAPSILQUA 2A
27.7 Hectares
YALE DISTRICT IN SECTION 25, TP8,W.6M ON LEFT BANK OF FRASER RIVER, 1 MILE SOUTH OF SPUZZUM C.P. STATION
[49.68147810000001, -121.4093922] -
ISC Code: 7379
TEEQUALOOSE 3
7.7 Hectares
YALE DISTRICT, WEST OF THE FRASER RIVER, 1 MILE NORTHWEST OF SPUZZUM C.P. STATION
[49.70335610000001, -121.424815] -
ISC Code: 7378
PAPSILQUA 2B
20.3 Hectares
YALE DISTRICT SEC. 36, TP.8,R.26,W.6M, ON LEFTT BANK OF FRASER RIVER, 1/2 MIL E. OF SPUZZUM C.P. STATION
[49.69143099999999, -121.4045238] -
ISC Code: 7375
SPUZZUM 1A
126.5 Hectares
YALE DISTRICT, WEST OF THE FRASER RIVER, SOUTH OF AND ADJOINING I.R. NO. 1
[49.6508924, -121.4193902] -
ISC Code: 7381
YELAKIN 4
26.8 Hectares
YALE DISTRICT, ON LEFT BANK OF THE FRASER RIVER, 1/2 MILE SOUTH OF BLACK CANYON
[49.7491898, -121.4195135] -
ISC Code: 7383
LONG TUNNEL 5
2.6 Hectares
YALE DIST IN SEC 14,TP.9,R26,W.6M, ON RIGHT BANK OF FRASER RVR 2 MILES N. OF ALEXANDRA BRIDGE T.C. HIGHWAY
[39.9449868, -105.8172316] -
ISC Code: 7387
STOUT 8
47.9 Hectares
YALE DISTRICT, ON LEFT BANK OF THE FRASER RIVER, 1/2 MILE SOUTH OF STOUT C.N. STATION
[49.6332373, -121.3865127] -
ISC Code: 7380
TEEQUALOOSE 3A
60.4 Hectares
T\YALE DISTRICT, ON RIGHT BANK OF THE FRASER RIVER, AT ALEXANDRA BRIDGE, TRANS-CANADA HIGHWAY
[49.7092424, -121.4228913] -
ISC Code: 7384
LONG TUNNEL 5A
35.9 Hectares
YALE DISTRICT IN SECS. 14&15, TP.9,R.26,W.6M, WEST OF AND ADJOINING I.R. NO. 5
[49.7332881, -121.4440835] -
ISC Code: 7376
PAPSILQUA 2
16.6 Hectares
YALE DISTRICT, IN SECS 25&36, TP.8,R.26,W.6M, EAST OF FRASER RIVER, 1 MILE SOUTHEAST OF SPUZZUM C.P. STATION
[49.6861091, -121.4022345]
Media Reports
Academic Research
Band Publications
No Content Available
Third Party Reports
No Content Available