2018 Annual Report

City of Chilliwack 71 City of Chilliwack Notes to Consolidated Financial Statements Year Ended December 31, 2018 15 Budget figures: The operating and capital budget figures, presented on a basis consistent with that used for actual results, were approved by Council as the Financial Plan Bylaw 2017, No. 4183. The chart below reconciles the approved budget to the budget figures reported in these financial statements. 2018 Budget Revenues Operating budget 151,976,900 $ Capital budget Development cost charges 42,005,250 Developer contributions 12,238,000 Statutory reserve funds 22,603,200 Operating reserves 36,408,750 Current operations 6,662,500 Government grants 15,027,500 Total revenue per approved budget 286,922,100 Add: CEPCO 2,004,527 Tourism 1,851,102 Less: Transfers from other funds (89,485,950) Inter-entity eliminations (980,000) Total budgeted revenue as reported 200,311,779 Expenses Operating budget 151,976,900 Capital budget 134,945,200 286,922,100 Add: CEPCO 1,594,660 Tourism 1,728,970 Less: Transfers to other funds (152,319,250) Inter-entity eliminations (980,000) Total budgeted expenses as reported 136,946,480 Budgeted surplus as reported 63,365,299 $