2017 Annual Report

65 City of Chilliwack 2017 Annual Report City of Chilliwack Notes to Consolidated Financial Statements Year Ended December 31, 2017 Table of Segmented Information: Parks General Protective Trans. Landfill Water & Recreation Planning & Interest & Government Services Services Operations Sewer & Culture Development Other 2017 2016 Revenues Municipal taxation and grants-in lieu of taxes 77,328,809 $ - $ - $ - $ 68,202 $ - $ - $ - $ 77,397,011 $ 73,129,900 $ Government grants & transfers 3,385,894 1,204,806 5,581,189 10,000 237,745 2,384,590 12,804,224 9,819,358 Sales of services 1,113,602 1,066,483 11,449,142 19,418,330 3,958,982 2,160,272 39,166,811 37,854,124 Licences, permits, penalties and fines 1,004,774 36,560 3,605,366 4,646,700 4,252,402 Return on investments 1,085,058 405,578 98,751 396,265 1,985,652 2,090,564 Development cost charges 5,790,860 2,365,603 542,850 8,699,313 7,814,811 Developer contributions 4,579,456 2,008,454 6,587,910 2,722,114 Other revenue 178,106 181,931 1,350,962 94,850 765,242 41,412 2,612,503 2,255,297 84,096,243 1,423,297 18,368,950 11,449,142 24,371,017 5,504,819 8,290,391 396,265 153,900,124 139,938,570 Expenses Salaries and benefits 5,926,825 11,606,539 4,374,137 507,826 4,063,471 3,478,343 3,147,544 33,104,685 31,450,782 Goods and services 4,576,536 22,026,228 12,618,602 8,507,289 6,477,157 15,055,519 1,903,723 71,165,054 60,857,602 Administration allocation (1,950,000) 1,950,000 - - Interest and other 347,243 347,243 270,422 Amortization of tangible capital assets 659,058 651,915 7,085,654 339,920 7,325,144 3,008,311 1,279,005 20,349,007 19,320,050 Transfer of collections 309,312 309,312 304,741 9,212,419 34,284,682 24,078,393 9,355,035 19,815,772 21,542,173 6,639,584 347,243 125,275,301 112,203,597 Annual Surplus Before Other 74,883,824 (32,861,385) (5,709,443) 2,094,107 4,555,245 (16,037,354) 1,650,807 49,022 28,624,823 27,734,973 Other revenues (expenses) Loss on sale of tangible capital assets (107,616) (22,911) (130,527) (80,230) (107,616) - - - (22,911) - - - (130,527) (80,230) Annual Surplus 74,776,208 $ (32,861,385) $ (5,709,443) $ 2,094,107 $ 4,532,334 $ (16,037,354) $ 1,650,807 $ 49,022 $ 28,494,296 $ 27,654,743 $ City of Chilliwack Financial Statements