2017 Annual Report

83 City of Chilliwack 2017 Annual Report TOURISM CHILLIWACK INC. Consolidated Statement of Change in Net Financial Assets Year ended December 31, 2017, with comparative information for 2016 2017 2017 2016 Budget Actual Actual Annual surplus (deficit) $ (10,778) $ 41,977 $ (22,154) Acquisition of tangible capital assets - (18,429) (18,700) Amortization of tangible capital assets 11,267 16,892 16,358 11,267 (1,537) (2,342) Change in inventories - (2,674) (1,683) Change in prepaid expenses and deposits - 188 (7,788) - (2,486) (9,471) Change in net financial assets 489 37,954 (33,967) Net financial assets, beginning of year 457,196 457,196 491,163 Net financial assets, end of year $ 457,685 $ 495,150 $ 457,196 See accompanying notes to consolidated financial statements. 3 Tourism Chilliwack Inc. Financial Statements