The Mohawk Council of Kahnawà:ke (MCK) is proud to announce the finalization of its 10-Month Review for the current fiscal year, April 1, 2024 – March 31, 2025 (FY2024-2025), as well as the budget projections for the upcoming fiscal year, April 1, 2025 – March 31, 2026 (FY2025-2026). This milestone reflects MCK’s ongoing commitment to transparency, financial accountability, and the strategic management of resources for the benefit of Kahnawà:ke.
FY2024-2025 Budget Review: the MCK has approved a projected year-end surplus of $25.6 million for FY2025, an increase of $12.7 million from the original approved surplus. This surplus is primarily attributed to own-source revenues and reduced costs in areas such as a pension contribution holiday and reduced social assistance enrollment.
FY2025-2026 Budget Projections: For FY2025-2026, the MCK has projected significant increases in both revenues and expenses compared to the FY2025 approved budget. Key highlights include:
- Revenue Increases: The total projected revenue for FY2025-2026 is $133.5 million, with 28.3% coming from own-source revenue.
- Expense Increases: The total projected expenses for FY2025-2026 are $127.3 million, with significant increases in operational and capital expenditures.
- Operational Surplus: The MCK is projecting an operational surplus of $6.2 million for FY2025-2026.
- Capital Expenditures: Significant investments are planned for the Multi-Purpose Building and other capital projects.
- Externally Funded Projects: Several department increases are externally funded, including housing initiatives and community mobilization projects.
Additional Details:
A new tracking category for the FY2025-2026 budget are expenses and projects related directly to advancing the top four political priorities during the current term. Below are key budget items related directly to advancing the priorities, totaling $46.8M of the budget:
- Land Back: $42,000 (Includes Lands designation and restructuring)
- External Government Relations: $235,958 (Includes the development of legislation and Toll Engineering work)
- Holistic Well-being & Quality of Life of Kahnawa’kehró:non: $46,201,801 (Includes $32.5M for the Kahnawà:ke Multi-Purpose Building, Housing initiatives, Community Roads & Infrastructure, and Covered Rink project, among others)
- Financial & Economic Independence: $405,840 (Includes Employment strategies and Sustainable Development initiatives)
“We are committed to efficient resource management and strategic investments that will drive the growth and sustainability of our community,” said Ohén:ton Í:rate ne Ratitsénhaienhs Cody Diabo. “By spending intentionally on our four political priorities, we are laying the foundation for a prosperous, self-sustaining future for Kahnawà:ke.”
“Our community’s future depends on careful, thoughtful budgeting that reflects both our aspirations and our commitments,” added Onerahtokha Marquis, MCK’s Executive Director. “This budget ensures that we continue to provide essential services, while also building the infrastructure and programs that will support Kahnawà:ke’s long-term goals.”
The budget has been posted in both Iorí:wase and the Eastern Door newspapers, and online at www.kahnawake.com/finance-unit.
