2018 Annual Report

City of Chilliwack 95 TOURISM CHILLIWACK INC. Consolidated 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) $ (18,044) $ 55,282 $ 41,977 Acquisition of tangible capital assets - (18,185) (18,429) Amortization of tangible capital assets 13,377 18,028 16,892 13,377 (157) (1,537) Change in inventories - 2,187 (2,674) Change in prepaid expenses and deposits - 4,918 188 - 7,105 (2,486) Change in net financial assets (4,667) 62,230 37,954 Net financial assets, beginning of year 495,150 495,150 457,196 Net financial assets, end of year $ 490,483 $ 557,380 $ 495,150 See accompanying notes to financial statements. 3