2019 Annual Report

Annual Report 2019 115 TOURISM CHILLIWACK INC. Notes to Consolidated Financial Statements (continued) Year ended December 31, 2019 14. Segmented information (continued): The following table outlines the Company's revenues and expenditures by operating segments: Facility Tourism Retail Management services services Eliminations 2019 2018 Revenues: Sales, rental and other income $ 630,132 $ 54,776 $ 151,597 $ - $ 836,505 $ 758,892 Operating agreements 382,100 150,411 - - 532,511 486,411 Hotel tax - 468,803 - - 468,803 366,616 Advertising revenues - 214,543 - (65,000) 149,543 154,690 Interest income 1,432 6,227 - - 7,659 4,210 1,013,664 894,760 151,597 (65,000) 1,995,021 1,770,819 Expenditures: Staffing costs 464,943 265,069 27,729 - 757,741 686,722 Advertising and business development 65,000 452,883 2,663 (65,000) 455,546 409,289 Operations 185,692 19,904 77,590 - 283,186 233,165 Administration 55,118 78,387 5,830 - 139,335 119,163 Utilities 74,895 4,865 - - 79,760 81,610 Amortization 1,451 11,349 - - 12,800 18,028 847,099 832,457 113,812 (65,000) 1,728,368 1,547,977 Annual surplus before distribution $ 166,565 $ 62,203 $ 37,785 $ - $ 266,653 $ 222,842 12