2018 Annual Report

City of Chilliwack 61 City of Chilliwack Consolidated Statement of Operations and Accumulated Surplus Year Ended December 31, 2018 with comparative information for 2017 2018 2018 Budget 2017 Actual (Note 15) Actual Revenues Municipal taxation and grants-in-lieu of taxes $ 80,459,466 $ 80,865,400 $ 77,397,011 Government grants and transfers (Note 9) 12,985,148 21,657,826 12,804,224 Sale of services 41,161,170 37,002,701 39,166,811 Licences, permits, penalties and fines 3,999,845 3,629,000 4,646,700 Return on investments 2,848,372 1,009,602 1,985,652 Development cost charges 13,478,114 42,747,250 8,699,313 Developer contributions (Note 8) 4,618,530 12,238,000 6,587,910 Other revenue 11,595,673 1,162,000 2,612,503 171,146,318 200,311,779 153,900,124 Expenses General government services 10,094,871 10,701,300 9,212,419 Protective services 34,785,834 37,395,000 34,284,682 Transportation services 23,686,974 25,428,800 24,078,393 Environmental health services 12,154,866 11,175,500 9,355,035 Water and sewer services 20,482,729 19,990,900 19,815,772 Recreation and cultural services 22,493,666 23,785,650 21,542,173 Planning and development 6,717,627 8,216,330 6,639,584 Interest and other 2,700,274 253,000 347,243 133,116,841 136,946,480 125,275,301 Annual Surplus Before Other Revenue (loss) 38,029,477 63,365,299 28,624,823 Other revenue (loss) Loss on sale of tangible capital assets (5,674,845) - (130,527) Annual Surplus 32,354,632 63,365,299 28,494,296 Accumulated Surplus, beginning of year 853,404,693 853,404,693 824,910,397 Accumulated Surplus, End of Year $ 885,759,325 $ 916,769,992 $ 853,404,693 See accompanying notes to consolidated financial statements

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