2017 Annual Report

53 City of Chilliwack 2017 Annual Report City of Chilliwack Consolidated Statement of Operations and Accumulated Surplus Year Ended December 31, 2017 with comparative information for 2016 2017 2017 Budget 2016 Actual (Note 15) Actual Revenues Municipal taxation and grants-in-lieu of taxes $ 77,397,011 $ 76,507,400 $ 73,129,900 Government grants and transfers (Note 9) 12,804,224 22,303,154 9,819,358 Sale of services 39,166,811 38,145,415 37,854,124 Licences, permits, penalties and fines 4,646,700 3,215,000 4,252,402 Return on investments 1,985,652 1,021,340 2,090,564 Development cost charges 8,699,313 40,407,000 7,814,811 Developer contributions (Note 8) 6,587,910 6,200,000 2,722,114 Other revenue 2,612,503 1,072,850 2,255,297 153,900,124 188,872,159 139,938,570 Expenses General government services 9,212,419 11,770,450 8,652,954 Protective services 34,284,682 35,346,750 31,059,723 Transportation services 24,078,393 24,786,200 19,564,898 Environmental health services 9,355,035 8,911,100 6,978,192 Water and sewer services 19,815,772 19,687,800 19,817,020 Recreation and cultural services 21,542,173 23,099,800 19,542,137 Planning and development 6,639,584 6,665,688 6,318,251 Interest and other 347,243 253,000 270,422 125,275,301 130,520,788 112,203,597 Annual Surplus Before Other Revenue (loss) 28,624,823 58,351,371 27,734,973 Other revenue (loss) Loss on sale of tangible capital assets (130,527) - (80,230) Annual Surplus 28,494,296 58,351,371 27,654,743 Accumulated Surplus, beginning of year 824,910,397 824,910,397 797,255,654 Accumulated Surplus, End of Year $ 853,404,693 $ 883,261,768 $ 824,910,397 See accompanying notes to consolidated financial statements City of Chilliwack Financial Statements