2017 Annual Report

52 City of Chilliwack 2017 Annual Report City of Chilliwack Consolidated Statement of Financial Position Year Ended December 31, 2017 2017 2016 Financial Assets Cash (Note 2) $ 79,543,982 $ 84,892,245 Portfolio investments (Note 2) 114,390,167 84,381,722 Accounts receivable (Note 3) 28,860,830 30,322,068 222,794,979 199,596,035 Liabilities Accounts payable and accrued liabilities (Note 4) 22,513,331 21,495,258 Development cost charges (Note 5) 52,002,736 44,976,372 Unearned revenue 15,302,488 10,110,325 Refundable deposits 18,112,530 13,850,297 Capital partnership obligation (Note 6) 3,287,593 4,399,601 111,218,678 94,831,853 Net Financial Assets 111,576,301 104,764,182 Non-Financial Assets Property under development (Note 7) 6,058,189 6,058,189 Tangible capital assets (Note 8) 732,558,139 711,086,794 Inventories 1,241,174 1,017,552 Prepaid expenses 1,970,890 1,983,680 741,828,392 720,146,215 Accumulated Surplus (Note 10) $ 853,404,693 $ 824,910,397 Contingent liabilities (Note 12) Commitment (Note 14) _____________________________________________ Glen Savard, CPA, CGA Director of Finance See accompanying notes to consolidated financial statements City of Chilliwack Financial Statements