Audit 2014-2015

Date: August 24, 2015

To: Members, Beardy’s & Okemasis First Nation

From: Chief & Council

Re: 2014/2015 Fiscal Year Audit Documents

_____________________________________________________________________________________________

Dear Members,

Our Council is pleased to provide the 2014-2015 Fiscal Year Audit documents for your review.

We’ve worked diligently to ensure programs and services have been adequately provided to our community.

Here are some highlights:

  • In the 2013-2014 Fiscal Year, the Band carried an Operating Deficit of approximately $1.2M and an overall net debt of $6.9M
  • In the 2014-2015 Fiscal Year, the Band carried an Operating Deficit of approximately $985K – **however, deficits from Willow Cree Health ($537K), and Blackhawk’s Gas ($295K) contributed to this. The Band Administration actually had a surplus of approximately $447K  however, annuities claims fees of $919K reduced that surplus to a deficit of approximately ($472K).
  • In 2013-2014, Chief & Council salaries and travel totaled $692,406
  • In 2014-2015, Chief & Council salaries and travel totaled $532,389
  • Blackhawk’s Gas Operating Deficit is a result of the Environmental fines and resultant expenses and fees from that.
  • We are reviewing the situation that lead to a $537K Operating Deficit at Willow Cree Health.

View the documents here.

An Audit and General Band Meeting has been scheduled for September at the Rec Centre (details forthcoming).
If you have any questions or concerns, please join us at the Band Meeting or contact us at the Band Office (306.467.4523) at your earliest convenience.
Thank you,
Chief & Council
Beardy’s & Okemasis First Nation

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