2017 Annual Report

91 City of Chilliwack 2017 Annual Report TOURISM CHILLIWACK INC. Notes to Consolidated Financial Statements (continued) Year ended December 31, 2017 12. Segmented information (continued): The following table outlines the Company's revenues and expenditures by operating segments: Facility Tourism Retail Management services services Eliminations 2017 2016 Revenues: Sales, rental and other income $ 572,776 $ 61,232 $ 147,374 $ - $ 781,382 $ 603,747 Operating agreements 330,000 150,411 - - 480,411 475,411 Hotel tax - 357,596 - - 357,596 229,506 Advertising revenues - 251,612 - (65,000) 186,612 130,634 Fundraising revenues - 30,495 - - 30,495 31,287 Interest income 1,022 7,612 - - 8,634 6,931 903,798 858,958 147,374 (65,000) 1,845,130 1,477,516 Expenditures: Staffing costs 371,353 232,389 28,060 - 631,802 655,701 Advertising and business development 65,000 507,574 5,463 (65,000) 513,037 313,906 Operations 168,693 11,754 83,523 - 263,970 200,328 Administration 46,006 67,982 6,051 - 120,039 106,111 Utilities 86,671 7,555 - - 94,226 82,506 Amortization 2,888 14,004 - - 16,892 16,358 740,611 841,258 123,097 (65,000) 1,639,966 1,374,910 Annual surplus before distribution $ 163,187 $ 17,700 $ 24,277 $ - $ 205,164 $ 102,606 11 Tourism Chilliwack Inc. Financial Statements