$100.1 million dollar MCK Budget Revealed

The Mohawk Council of Kahnawake has approved the largest operating budget is history for the upcoming fiscal year which begins on Monday, April 1^st. Administrative Affairs Portfolio Lead Lindsay Leborgne on the noticeable difference in this years MCK annual budget:

“The biggest difference you will  see from last year, the current year we’re in, is that the budget for this year was $67 million dollars. The budget for April 1st, 2024 to March 31st, 2025, will be $100.1  million dollars. The main reason for that huge difference is that $25 million dollars will be going towards the ‘Multi-Purpose Building’ project.”

Highlights of this year’s budget include the new outdoor rink project, Kahnawà:ke Sports Complex upgrades and accessibility, the Creek Rehabilitation Project, and a surplus of $12.8 million dollars. Executive Director Onerahtokha Marquis on where all of the own source revenue will be coming from:

“Historically, the biggest items came from the EDG revenue, MOL. In the recent couple of years, the MOL dividend that comes to the MCK has been either significantly lower or non-existent, but ‘own-sourced’ revenue would include EDG’s, MOL dividends, KCG revenue, our interest revenue for our investments on excess cash, some of the lease payments that we receive at the KOC building as well as the housing rent. We’re using approximately  35% of our budget that is being funded by own source revenue. the rest is coming from the Federal government, Provincial government.”

Marquis saying that the operational surplus of 12.8 million dollars will be appropriated back into the operational reserves, money set aside for unexpected expense that might occur.