2017 Annual Report

63 City of Chilliwack 2017 Annual Report City of Chilliwack Notes to Consolidated Financial Statements Year Ended December 31, 2017 15 Budget figures: The operating and capital budget figures, presented on a basis consistent with that used for actual results, were approved by Council as the Financial Plan Bylaw 2017, No. 4183. The chart below reconciles the approved budget to the budget figures reported in these financial statements. 2017 Budget Revenues Operating budget 144,409,534 $ Capital budget Development cost charges 39,945,500 Developer contributions 6,200,000 Statutory reserve funds 14,850,400 Operating reserves 27,852,000 Current operations 6,830,000 Government grants 17,018,000 Total revenue per approved budget 257,105,434 Add: CEPCO 1,941,465 Tourism 1,544,160 Less: Transfers from other funds (70,738,900) Inter-entity eliminations (980,000) Total budgeted revenue as reported 188,872,159 Expenses Operating budget 144,409,534 Capital budget 112,695,900 257,105,434 Add: CEPCO 1,466,300 Tourism 1,554,938 Less: Transfers to other funds (128,625,884) Inter-entity eliminations (980,000) Total budgeted expenses as reported 130,520,788 Budgeted surplus as reported 58,351,371 $ City of Chilliwack Financial Statements