MCK presents the 2019-2020 Budget

03/27/2019

The Mohawk Council of Kahnaw�:ke (MCK) is pleased to announce that the budget has been finalized for the fiscal year 2019/20 (April 1, 2019 - March 31, 2020). Chief and Council unanimously approved the budget of $52,607,647. Of note, $2.4 million will go into Appropriated Reserves, including a projected operating surplus of $1.3 million. 
 
The total budget increase for Fiscal 2020 is approximately $6.6 million.

Top-line revenues continue to grow, mainly from Mohawk Online and the payments from the sale of Continent 8 three years ago. Revenues from Mohawk Online are allocated to programs and services of a socio-economic nature that receive little to no funding from government sources.

"We have always stated that self-generated revenues will be the key to meeting the expanding needs of our growing community,� stated Grand Chief Joseph Tokwiro Norton. �We continue to move towards greater self-reliance, which will give us the flexibility to accomplish the goals that the community sets for itself.� 

"We will continue to act in a fiscally responsible manner," said Rats�nhaienhs Michael Delisle, Jr., who is the Chairperson of the Finance, Administration & Operations Committee. �An important aspect of this budget is that we are in a position to appropriate significant monies into the Operational Reserves � something we haven�t been able to do in many years.�

�There is a need to invest in economic & regulatory development, infrastructure and housing" said Iets�nhaienhs Gina Deer, Lead Economic Portfolio Chief. �We will continue to explore additional revenue streams � we cannot assume that the current situation will remain the same. We must always plan for the future.�

The annual budget is always posted in both local newspapers and on kahnawake.com. The audited financial statements, including previous years, are available online at www.kahnawake.com/financials.