Annual Report 2021 69 68 City of Chilliwack CITY OF CHILLIWACK CONSOLIDATED STATEMENT OF FINANCIAL POSITION Year Ended December 31, 2021 City of Chilliwack Consolidated Statement of Financial Position Year Ended December 31, 2021 with comparative information for 2020 2021 2020 Financial Assets Cash (Note 2) $ 37,961,090 $ 84,484,095 Portfolio investments (Note 2) 173,906,156 121,198,418 Accounts receivable (Note 3) 23,298,816 18,868,337 235,166,062 224,550,850 Liabilities Accounts payable and accrued liabilities (Note 4) 43,842,472 28,891,306 Development cost charges (Note 5) 41,975,760 46,780,984 Unearned revenue 18,428,621 13,692,070 Refundable deposits 23,542,641 22,226,449 127,789,494 111,590,809 Net Financial Assets 107,376,568 112,960,041 Non-Financial Assets Property under development (Note 6) 8,345,508 3,681,960 Tangible capital assets (Note 7) 857,595,351 823,057,168 Inventories 1,538,571 1,714,238 Prepaid expenses 3,852,271 4,687,993 871,331,701 833,141,359 Accumulated Surplus (Note 9) $ 978,708,269 $ 946,101,400 Contingent liabilities (Note 11) Commitments (Note 13) _____________________________________________ Glen Savard, CPA, CGA Director of Finance See accompanying notes to consolidated financial statements c�d-£2 CITY OF CHILLIWACK CONSOLIDATED STATEMENT OF OPERATIONS & ACCUMULATED SURPLUS Year Ended December 31, 2021 City of Chilliwack Consolidated Statement of Operations and Accumulated Surplus Yea Ended December 31, 2021 with comparative information for 2020 2021 2021 Budget 2020 Actual (Note 15) Actual Revenues Municipal taxation and grants-in-lieu of taxes $ 92,999,344 $ 92,482,700 $ 88,836,848 Government grants and transfers (Note 8) 13,486,342 30,752,644 13,859,661 Sale of services 46,223,122 44,102,876 43,555,490 Licences, permits, penalties and fines 5,123,746 3,771,000 4,156,607 Return on investments 2,306,452 1,205,000 2,768,944 Development cost charges 20,321,963 41,821,000 26,199,731 Contributed tangible capital assets (Note 7) 7,547,273 4,450,000 7,807,282 Other revenue 2,494,031 1,536,000 1,900,338 190,502,273 220,121,220 189,084,901 Expenses General government services 11,492,201 11,725,650 10,889,750 Protective services 48,836,191 44,044,050 41,849,926 Engineering, transportation and public works services 26,621,984 31,626,800 25,695,142 Solid waste and environmental services 12,881,220 12,781,900 12,659,802 Water and sewer services 24,200,524 23,879,300 24,362,043 Parks, recreation and cultural services 24,122,689 28,082,700 23,054,065 Planning and development 8,137,074 7,966,227 8,560,409 Interest and other 348,408 251,500 352,951 156,640,291 160,358,127 147,424,088 Annual Surplus Before Other Revenue (Loss) 33,861,982 59,763,093 41,660,813 Other revenue (loss) Gain or (loss) on disposal of tangible capital assets (1,255,113) - 213,139 Annual Surplus 32,606,869 59,763,093 41,873,952 Accumulated Surplus, beginning of year 946,101,400 946,101,400 904,227,448 Accumulated Surplus, End of Year $ 978,708,269 $ 1,005,864,493 $ 946,101,400 See accompanying notes to consolidated financial statements
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