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ABC First Nation
Consolidated Statement of Financial Position
As at March 31, 201X (thousands of dollars)

  201X 201W
     
Financial assets    
Cash (Note 2) xxx xxx
Short-term investments (Note 3) xxx xxx
Accounts receivable (Note 4) xxx xxx
Trust funds held by federal government (Note 5) xxx xxx
Investments in government business enterprises (Note 6) xxx xxx
Inventories for resale (Note 7) xxx xxx
Total financial assets xxx xxx
     
Liabilities    
Accounts payable and accrued liabilities (Note 8) xxx xxx
Deferred revenue (Note 9) xxx xxx
Debt (Note 10) xxx xxx
Pensions and other employee benefits (Note 16) xxx xxx
Total liabilities xxx xxx
     
Net debt xxx xxx
     
Non-financial assets    
Tangible capital assets (Note 11) xxx xxx
Inventories of supplies (Note 12) xxx xxx
Prepaid expenses (Note 13) xxx xxx
Total non-financial assets xxx xxx
     
Accumulated surplus / (deficit) xxx xxx

Contingencies (Note 14)
Contractual Obligations (Note 17)

_______________
Signature

Approved on Behalf of Chief & Council

_______________
Date

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ABC First Nation
Consolidated Statement of Operations
For the year ended March 31, 201X (thousands of dollars)

  201X Budget [Note 1] 201X Actual 201W Actual
Revenue      
Federal Government:      
Aboriginal Affairs and Northern Development Canada xxx xxx xxx
Health Canada xxx xxx xxx
Human Resources and Social Development Canada xxx xxx xxx
Canada Mortgage and Housing Corporation xxx xxx xxx
Provincial government xxx xxx xxx
Interest, rent and sundry xxx xxx xxx
Trust funds held by federal government (Note 5) xxx xxx xxx
Economic Activities xxx xxx xxx
Net income from investments in government business enterprises xxx xxx xxx
Total Revenue xxx xxx xxx
       
Expenses      
Education xxx xxx xxx
Health xxx xxx xxx
Economic development xxx xxx xxx
Housing xxx xxx xxx
Community services xxx xxx xxx
Social services xxx xxx xxx
Band government xxx xxx xxx
Employment programs xxx xxx xxx
Public works xxx xxx xxx
Administration fees and technical services xxx xxx xxx
Interest xxx xxx xxx
Land claim xxx xxx xxx
Total Expenses xxx xxx xxx
       
Annual surplus/ (deficit) xxx xxx xxx
Accumulated surplus at beginning of year xxx xxx xxx
Accumulated surplus at end of year xxx xxx xxx

Segment Disclosure (Note 18)

 

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ABC First Nation
Consolidated Statement of Change in Net Debt
For the year ended March 31, 201X (thousands of dollars)

  201X Budget 201X Actual 201W Actual
Annual surplus/ (deficit)      
Tangible capital assets:      
Acquisition of tangible capital assets xxx xxx xxx
Proceeds on disposal of tangible capital assets xxx xxx xxx
Amortization of tangible capital assets xxx xxx xxx
Write-down of tangible capital assets xxx xxx xxx
(Gain) loss on disposal of tangible capital assets xxx xxx xxx
Acquisition of inventories of supplies xxx xxx xxx
Acquisition of prepaid expenses xxx xxx xxx
Consumption of inventories of supplies xxx xxx xxx
Use of prepaid expenses xxx xxx xxx
       
(Increase)/decrease in net debt xxx xxx xxx
Net debt at beginning of year xxx xxx xxx
Net debt at end of year xxx xxx xxx


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ABC First Nation
Consolidated Statement of Cash Flow
For the year ended March 31, 201X (thousands of dollars)

  201X 201W
Operating activities    
Annual surplus / (deficit) [Note 2] xxx xxx
Items not affecting cash:    
(Gain) Loss on disposal of tangible capital assets xxx xxx
Amortization of tangible capital assets xxx xxx
Net income from government business enterprises xxx xxx
Changes in non-cash items on Statement of Financial Position xxx xxx
     
(Increase) decrease in accounts receivable xxx xxx
(Increase) decrease in trust funds held by federal government xxx xxx
(Increase) decrease in inventories for resale xxx xxx
(Increase) decrease in inventories of supplies xxx xxx
(Increase) decrease in prepaid expenses xxx xxx
Increase (decrease) in accounts payable xxx xxx
Increase (decrease) in deferred revenue xxx xxx
Cash provided by (used for) operating activities xxx xxx
     
Capital activities    
Proceeds from disposal of tangible capital assets xxx xxx
Purchase of tangible capital assets xxx xxx
Cash provided by (used for) capital activities xxx xxx
     
Investing activities    
Profit distributions from government business enterprises xxx xxx
Proceeds from redemption of short-term investments xxx xxx
Purchase of short-term investments xxx xxx
Cash provided by (used for) investing activities xxx xxx
     
Financing activities    
Proceeds from debt xxx xxx
Payment of debt xxx xxx
Cash provided by (used for) financing activities xxx xxx
     
Increase (decrease) in cash for the year xxx xxx
Cash, beginning of the year xxx xxx
Cash, end of the year xxx xxx


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ABC First Nation
Notes to the Consolidated Financial Statements
For the fiscal year ended March 31, 201X (thousands of dollars)

1. Significant Accounting Policies

(a) Basis of Accounting

These financial statements have been prepared in accordance with generally accepted accounting principles for the public sector as recommended by the Public Sector Accounting Board of the Canadian Institute of Chartered Accountants.

 (b) Reporting Entity

The ABC First Nation reporting entity includes the ABC First Nation government and all related entities that are controlled by the First Nation.

 (c) Principles of Consolidation

All controlled entities are fully consolidated on a line-by-line basis except for the commercial enterprises which meet the definition of government business enterprise, which are included in the Consolidated Financial Statements on a modified equity basis. Inter-organizational balances and transactions are eliminated upon consolidation.

Organizations consolidated in ABC First Nation's financial statements include:

  • Loon Bay Gas Station
  • ABC General Store
  • Four Winds Café

Organizations accounted for on a modified equity basis include:

  • ABC Lodge Inc.
  • ABC Forestry Inc.

 (d) Asset Classification

Assets are classified as either financial or non-financial. Financial assets are assets that could be used to discharge existing liabilities or finance future operations. Non-financial assets are acquired, constructed or developed assets that do not provide resources to discharge existing liabilities but are employed to deliver government services, may be consumed in normal operations and are not for resale. Non-financial assets include tangible capital assets, prepaid expenses and inventories of supplies.

 (e) Cash

Cash includes cash on hand and balances with banks net of bank overdraft.

 (f) Short-term Investments

Short-term investments include guaranteed investment certificates maturing at various times during the next fiscal year. These investments are recorded at cost.

(g) Inventory

Inventory, which consists of supplies and goods available for resale, is recorded at the lower of cost and net realizable value.

 (Identify method of valuation (e.g. FIFO, weighted average cost))

 (h) Tangible Capital Assets

Tangible capital assets include acquired, built, developed and improved tangible capital assets, whose useful life extends beyond one year and which are intended to be used on an ongoing basis for producing goods or delivering services.

Tangible capital assets are reported at net book value. Contributions received to assist in the acquisition of tangible capital assets are reported as deferred revenue and amortized to income at the same rate as the related asset.

Certain assets which have historical or cultural value, including works of art, historical documents and historical and cultural artifacts, are not recognized as tangible capital assets. Assets under construction are not amortized until the asset is available to be put into service.

Amortization is provided for on a straight-line basis, over the expected useful life of the assets in the table that follows.

Commercial buildings
xx-xx years
Residential buildings
xx-xx years
Roads
xx-xx years
Underground networks
xx-xx years
Furniture and Fixtures
xx-xx years
Appliances
xx-xx years
Vehicles
xx-xx years
Computer equipment
xx-xx years
Other equipment
xx-xx years
Leasehold improvements
Lesser of lease period
or estimated useful life

(Underground network may include water management system, sewers…)

 (i) Net Debt

The First Nation's financial statements are presented so as to highlight net debt as the measurement of financial position. The net debt of the First Nation is determined by its liabilities less its financial assets. Net debt is comprised of two components, non-financial assets and accumulated surplus.

 (j) Revenue

All revenue is recorded on the accrual basis whereby amounts received or recorded as receivable but not earned by the end of the fiscal year are recorded as deferred revenue. Funding received under the terms of contribution agreements with the federal government is recognized as revenue once eligibility criteria have been met. Funding is recorded as deferred revenue if it has been restricted by the federal government for a stated purpose, such as a specific program or the purchase of tangible capital assets.  Deferred revenue is recognized in revenue over time as the recognition criteria are met.

(k) Measurement Uncertainty

In preparing the financial statements for the government of ABC First Nation, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the period. The main estimates used in preparing these financial statements include XXXX, XXXX and XXXX.  Actual results could differ from these estimates.






2. Cash

The current account has an unused overdraft facility in the amount of $xxxxx (201W - $xxxxx) with interest at xx% (201W yy%) plus prime secured by a term deposit of at least $xxxxx.

Under the terms of an agreement with Canada Mortgage and Housing Corporation, ABC First Nation must set aside funds annually for the repair, maintenance and replacement of worn out assets. These funds are to be held in a separate bank account and invested only in accounts or instruments insured by the Canada Deposit Insurance Corporation or as otherwise approved by the Canada Mortgage and Housing Corporation with any interest earned to be credited as revenue to the Apartment Replacement and Subsidy Fund.

Cash is comprised of the following
  201X 201W
Externally restricted xxx xxx
Apartment Replacement and Subsidy xxx xxx
Capital Improvements xxx xxx
     
Internally restricted    
Capital Planning xxx xxx
Education xxx xxx
Economic Development xxx xxx
     
Unrestricted    
Operating xxx xxx
Social Housing xxx xxx
Capital Assets xxx xxx
     
Total cash xxx xxx

 






3. Short-term Investments

Canadian Western Bank Guaranteed Investment Certificate
(maturity February 201Y)
xxxx

Montreal Trust Co. of Canada Guaranteed Investment Certificate
(maturity December 201X)
xxxx

Montreal Trust Co. of Canada Guaranteed Investment Certificate
(maturity October 201X)
xxxx

Canadian Western Bank Guaranteed Investment Certificate
(maturity August 201X)
xxxx

TD Mortgage Corp. Guaranteed Investment Certificate
(maturity June 201X)
xxxx

TD Mortgage Corp. Guaranteed Investment Certificate
(maturity April 201X)
xxxx

Total Short-term Investments
xxxx







4. Accounts Receivable

Accounts Receivable consists of the following
  201X 201W
Due from members:    
Renovation loans xxx xxx
Rent xxx xxx
Loans xxx xxx
Social Housing xxx xxx
ABC General Store xxx xxx
Loon Bay Gas Station xxx xxx
  xxx xxx
     
Less: allowance for doubtful accounts xxx xxx
     
Due from others:    
Aboriginal Affairs and Northern Development Canada xxx xxx
Health Canada xxx xxx
Human Resources and Social Development Canada xxx xxx
Canada Mortgage and Housing Corporation xxx xxx
Provincial government xxx xxx
Tribal Council xxx xxx
Small amounts owing (net of allowance for doubtful accounts) xxx xxx
  xxx xxx
     
Total Accounts Receivable xxx Xxx







5. Trust Funds Held by Federal Government

Trust fund accounts arise from moneys derived from capital or revenue sources as outlined in Section 62 of the Indian Act. These funds are held in trust in the Consolidated Revenue Fund of the Government of Canada. The management of these funds is primarily governed by Sections 63 to 69 of the Indian Act.

  Opening Balance Additions Withdrawals Closing Balance 201X Total 201W Total
Revenue xxx xxx xxx xxx xxx xxx
Capital xxx xxx xxx xxx xxx xxx
Fund Total         xxx xxx






6. Investment in Government Business Enterprises

The commercial government business enterprises that are included in the First Nation reporting entity, as described in note 1 c) to these financial statements includes:

  • ABC Lodge Inc.
  • ABC Forestry Inc.

The following table presents condensed financial information for these commercial enterprises.

  ABC
Lodge  Inc.
ABC
Forestry  Inc.
201X Total 201W Total
Cash xxx xxx xxx xxx
Accounts Receivable xxx xxx xxx xxx
Inventory xxx xxx xxx xxx
Tangible Capital Assets xxx xxx xxx xxx
Other Assets xxx xxx xxx xxx
Total Assets xxx xxx xxx xxx
         
Accounts Payables xxx xxx xxx xxx
Long-term Debt xxx xxx xxx xxx
Other Liabilities xxx xxx xxx xxx
Total Liabilities xxx xxx xxx xxx
         
Equity xxx xxx xxx xxx
         
Total Liabilities and Equity xxx xxx xxx xxx
         
Revenue xxx xxx xxx xxx
         
Expenses xxx xxx xxx xxx
Debt servicing xxx xxx xxx xxx
Total Expenses xxx xxx xxx xxx
         
Net Income xxx xxx xxx xxx

Contractual obligations and contingencies to be disclosed

ABC Lodge Inc. 

ABC Lodge Inc., incorporated on May 19, 200T, is a conference centre and guest lodge that also provides guided fishing. The lodge is fully equipped with a restaurant, indoor swimming pool, workout centre, sauna and a gift shop. In addition to 4 meeting rooms, the lodge has 46 guest rooms. The guided fishing operations include 6 fishing boats with motors and 4 canoes. ABC Lodge employs 47 employees, 83% of which are members of the ABC First Nation.

ABC Lodge Inc. purchased goods and services of $XXXX (201W - $XXXXX) from ABC General Store and $XXXX (201W - $xxxxx) from Loon Bay Gas Station. The following table details amounts owing by ABC Lodge Inc as of March 31st:

  201X 201W
     
ABC General Store xxx xxx
Loon Bay Gas Station xxx xxx
Total xxx xxx

ABC Forestry Inc.

ABC Forestry Inc. was established as corporation in August 25, 200U to harvest timber for sale to the Big City Company pulp and paper mill. Operations consist primarily of specialized machinery and logging trucks. ABC Forestry employs 20 to 25 members of the First Nation, on a seasonal basis.






7. Inventories for Resale

  201X 201W
     
ABC General Store xxx xxx
Loon Bay Gas Station xxx xxx
Four Winds Café xxx xxx
Total inventories for resale xxx xxx






8. Accounts Payable and Accrued Liabilities

  201X 201W
     
Trade payables xxx xxx
Accrued salaries and employee benefits payable xxx xxx
Other accrued liabilities xxx xxx
Total accounts payable xxx xxx






9. Deferred Revenue

Aboriginal Affairs and Northern Development Canada Deferred Revenue
  Opening Balance Funding
received
Revenue
Recognized
Closing Balance 201X Total 201W Total
Revenue xxx xxx xxx xxx xxx xxx
Water
improvement –
xxx xxx xxx xxx xxx xxx
Phase I Water
improvement –
xxx xxx xxx xxx xxx xxx
Phase II and III School renovations xxx xxx xxx xxx xxx xxx
Unearned rent xxx xxx xxx xxx xxx xxx
Total         xxx xxx






10. Debt

  201X 201W
Mortgage payable with payments of $xxxxx per month including interest at xxx% per annum, maturing December 1, 200X, secured by a ministerial guarantee from Aboriginal Affairs and Northern Development Canada and a first mortgage on twenty-three housing units. xxx xxx
     
Mortgage payable with payments of $xxxx per month including interest at xxx% per annum, maturing August 1, 200Y, secured by a ministerial guarantee from Aboriginal Affairs and Northern Development Canada and a first mortgage on thirty housing units. xxx xxx
     
Mortgage payable with payments of $xxxx per month including interest at xxx% per annum, maturing April 1, 200Z, secured by a ministerial guarantee from Aboriginal Affairs and Northern Development Canada and a first mortgage on eighteen housing units. xxx xxx
     
Mortgage payable with payments of $xxxx per month including interest at xxx% per annum, maturing April 1, 201A, secured by a ministerial guarantee from Aboriginal Affairs and Northern Development Canada and a first mortgage on nine housing units. xxx xxx
     
Mortgage payable with payments of $xxxx per month including interest at xxx% per annum, maturing August 1, 201B, secured by a ministerial guarantee from Aboriginal Affairs and Northern Development Canada and a first mortgage on nine housing units xxx xxx
     
Amounts repayable upon settlement of land claim xxx xxx
Total Debt xxx xxx


Scheduled principal reduction is estimated as follows:

201X
$xxx
201Y
$xxx
201Z
$xxx
201A
$xxx
201B
$xxx
201C and subsequent years
$xxx






11. Tangible Capital Assets

  Cost   Accumulated Amortization   Net Book Value
Opening Balance Additions Disposals Transfers of Assets Closing Balance   Opening Balance Amortization Disposals, Write-offs
& Other Adjustments
Closing balance   Total
201X
Total
201W
Tangible Capital Assets
Commercial buildings xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Residential buildings xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Roads xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Underground networks xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Furniture and fixtures xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Appliances xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Vehicles xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Computer equipment xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Leasehold improvements xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Other equipment xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
  xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Assets Under Construction
Commercial buildings xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Residential buildings xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Roads xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Underground networks xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Furniture and fixtures xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Appliances xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Vehicles xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Computer equipment xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Leasehold improvements xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Other equipment xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
  xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Leased Tangible Capital Assets
Land xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Buildings xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Informatics equipment xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Assets under construction xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
  xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx
Total xxx xxx xxx xxx xxx   xxx xxx xxx xxx   xxx xxx






12. Inventories of Supplies

  201X 201W
     
Fuel xxx xxx
Supplies xxx xxx
Total inventories of supplies xxx xxx






13. Prepaid Expenses

  201X 201W
     
Insurance xxx xxx
Program supplies xxx xxx
Student tuition and allowances xxx xxx
Total Prepaid Expenses xxx xxx






14. Contingencies

ABC First Nation has entered into contribution agreements with various federal government departments. Funding received under these contribution agreements is subject to repayment if the First Nation fails to comply with the terms and conditions of the agreements.

In addition, in the normal course of its operations, ABC First Nation becomes involved in legal actions. Some of these potential liabilities may become actual liabilities when one or more future events occur or fail to occur. To the extent that the future event is likely to occur, and a reasonable estimate of the loss can be made, an estimated liability is accrued and an expense recorded on ABC First Nation's financial statements.






15. Economic Dependence

The government of ABC First Nation receives a major portion of its revenue from Aboriginal Affairs and Northern Development Canada and Health Canada. The nature and extent of this revenue is of such significance that the First Nation is economically dependent on this source of revenue.






16. Pension Agreement

The First Nation provides defined contribution plan for eligible members of its staff. Members are required to contribute X% of their salary up to a maximum of x% of their basic salary. The First Nation contributes X% which contributions are directed to the member's contribution account. The amount of retirement benefit to be received by the employees will be the amount of retirement annuity that could be purchased based on the member's share of the pension plan at the time of the member's withdrawal from the plan. ABC contributed during the year $XX,XXX (201W- $XX,XXX) for retirement benefits.





17. Contractual Obligations

The nature of ABC First Nation's activities can result in some multi-year contracts whereby it will be obligated to make future payments when the goods or services are received. Significant contractual obligations that can be reasonably estimated are summarized as follows:

  201X 201Y 201Z 201A 201B
and thereafter
Total
Contract Type xxx xxx xxx xxx xxx xxx
Contract Type xxx xxx xxx xxx xxx xxx
Total xxx xxx xxx xxx xxx xxx





18. Segment Disclosure

  Education   Health   Economic Development   Housing   Community Services
201X 201W Budget
201X
  201X 201W Budget
201X
  201X 201W Budget
201X
  201X 201W Budget
201X
  201X 201W Budget
201X
Revenues
Federal Government xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Provincial Government xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Economic Activities xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Net income from investments in government business enterprises xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Other revenue xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Total Revenue xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Expenses
Salaries and benefits xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Amortization xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Debt Servicing xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Other Expenses xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Total Expenses xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Annual Surplus (Deficit) xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx


  Social Services   Band Government   Other**   Inter-segment Eliminations   Consolidated Totals
201X 201W Budget
201X
  201X 201W Budget
201X
  201X 201W Budget
201X
  201X 201W Budget
201X
  201X 201W Budget
201X
Revenues
Federal Government xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Provincial Government xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Economic Activities xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Net income from investments in government business enterprises xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Other revenue xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Total Revenue xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Expenses
Salaries and benefits xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Amortization xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Debt Servicing xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Other Expenses xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Total Expenses xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx
Annual Surplus (Deficit) xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx   xxx xxx xxx

** This could include amounts for revenues and expenditures with respect to comprehensive, special or specific ABC First nation claims.

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Footnotes

  1. The budgeted numbers should be the same as the ones on the plan approved at the beginning of the period (return to source paragraph)

  2. Interest received during the year was $xxxx (201w: $xxxx). Interest paid during the year was $xxxx (201w: $xxxx). Interest received is made up of interest income from the Statement of Operations in the amount of $xxxx (201w: $xxxx) plus the change in accrued interest receivable in the amount of $xxxx (201w: $xxxx). Interest paid is made up of interest expense from the Statement of Operations in the amount of $xxxx (201w: $xxxx) plus the change in accrued interest payable in the amount of $xxxx (201w: $xxxx). (return to source paragraph)

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