Investigation of Allegations at the Cowessess First Nation

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Date: 2012

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Name: Cowessess First Nation Band
Population: 856 on reserve; 4,077 total registered
Location: Saskatchewan
Current Chief: Edward Aisaican
Time period covered by investigation: April 1, 2007 to March 31, 2011

Background

Findings

The Cowessess First Nation adjusts on an annual basis, when deemed necessary, the Allowance for Doubtful Receivables and the Allowance for Due From Controlled Business Entities accounts based on Band management's estimate of the collectability of these amounts from its debtors including Band members and Band-owned entities.

Fiscal Year Fiscal Year (1) Cumulative Ending
Balance of Allowances
2007-08 ($100,000) $1,370,000
2008-09 80,000 $1,450,000
2009-10 100,000 $1,550,000
2010-11 176,000 $1,726,000

Cumulative Net Change Over the Four Fiscal Years: $256,600

(1) The annual change in the allowances are recorded as a Bad Debt Expense or (Bad Debt Recovery) in the Fiscal Year

Recommendations

The First Nation should:

 
 
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