2019 Annual Report

City of Chilliwack 106 TOURISM CHILLIWACK INC. Consolidated Statement of Change in Net Financial Assets Year ended December 31, 2019, with comparative information for 2018 2019 2019 2018 Budget Actual Actual Annual surplus (deficit) $ (39,617) $ 100,088 $ 55,282 Acquisition of tangible capital assets - (1,060) (18,185) Amortization of tangible capital assets 12,196 12,800 18,028 12,196 11,740 (157) Change in inventories - (7,245) 2,187 Change in prepaid expenses and deposits - (2,662) 4,918 - (9,907) 7,105 Change in net financial assets (27,421) 101,921 62,230 Net financial assets, beginning of year 557,380 557,380 495,150 Net financial assets, end of year $ 529,959 $ 659,301 $ 557,380 See accompanying notes to financial statements. 3