2018 Annual Report

Annual Report 2018 104 TOURISM CHILLIWACK INC. Notes to Consolidated Financial Statements (continued) Year ended December 31, 2018 13. Segmented information (continued): The following table outlines the Company's revenues and expenditures by operating segments: Facility Tourism Retail Management services services Eliminations 2018 2017 Revenues: Sales, rental and other income $ 577,081 $ 68,467 $ 113,344 $ - $ 758,892 $ 781,382 Operating agreements 336,000 150,411 - - 486,411 480,411 Hotel tax - 366,616 - - 366,616 357,596 Advertising revenues - 219,690 - (65,000) 154,690 186,612 Interest income 1,303 2,907 - - 4,210 8,634 Fundraising revenues - - - - - 30,495 914,384 808,091 113,344 (65,000) 1,770,819 1,845,130 Expenditures: Staffing costs 410,422 255,352 20,948 - 686,722 631,802 Advertising and business development 65,000 395,342 13,947 (65,000) 409,289 513,037 Operations 146,320 9,353 77,493 - 233,165 263,970 Administration 47,611 66,307 5,244 - 119,163 120,039 Utilities 75,422 6,187 - - 81,610 94,226 Amortization 2,047 15,981 - - 18,028 16,892 746,822 748,521 117,632 (65,000) 1,547,977 1,639,966 Annual surplus (deficit) before distribution $ 167,560 $ 59,570 $ (4,288) $ - $ 222,842 $ 205,164 12