CITY OF CHILLIWACK I 2023 Annual Report 128 TOURISM CHILLIWACK INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2023 Views from Mt. Thom Chilliwack City Staff TOURISM CHILLIWACK INC. Notes to Consolidated Financial Statements (continued) Year ended December 31, 2023 12. Segmented information (continued): The following table outlines the Company's revenues and expenditures by operating segments: Facility Tourism Retail Management services services Eliminations 2023 2022 Revenues: Sales, rental and other income $ 928,619 $ 179,367 $ 172,786 $ - $ 1,280,772 $ 945,177 Operating agreements 450,000 774,657 - - 1,224,657 677,361 Hotel tax - 925,792 - - 925,792 675,358 Advertising revenues - 477,098 - (65,000) 412,098 477,978 Interest income 3,954 21,436 - - 25,390 10,183 1,382,573 2,378,350 172,786 (65,000) 3,868,709 2,786,057 Expenditures: Advertising and business development 65,000 1,538,870 1,523 (65,000) 1,540,393 976,463 Staffing costs 679,053 416,507 57,734 - 1,153,294 935,850 Operations 244,094 125,195 39,254 - 408,543 382,668 Administration 59,153 159,874 - - 219,027 168,843 Utilities 71,322 4,995 - - 76,317 75,931 Amortization of tangible capital assets 815 33,317 - - 34,132 7,141 1,119,437 2,278,758 98,511 (65,000) 3,431,706 2,546,896 Annual surplus before distribution $ 263,136 $ 99,592 $ 74,275 $ - $ 437,003 $ 239,161 12
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