2018 Annual Report

City of Chilliwack 79 CHILLIWACK ECONOMIC PARTNERS CORPORATION Statement of Change in Net Financial Assets Year ended December 31, 2018, with comparative information for 2017 2018 2018 2017 Budget Actual Actual Annual surplus (deficit) $ 409,867 $ (478,138) $ (50,789) Acquisition of tangible capital assets - (222,687) (22,149) Amortization of tangible capital assets 225,000 261,141 240,690 Decrease in property under development - 1,870,105 - Change in prepaid expenses - (951,847) 432 225,000 956,712 218,973 Change in net financial assets 634,867 478,574 168,184 Net financial assets, beginning of year 3,842,378 3,842,378 3,674,194 Net financial assets, end of year $ 4,477,245 $ 4,320,952 $ 3,842,378 See accompanying notes to financial statements. 3