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CHILLIWACK ECONOMIC PARTNERS CORPORATION
Notes to financial statements (continued)
Year ended December 31, 2012
13. Segmented information (continued):
Property
Economic
Sales
Rent
Development
2012
2011
Revenues:
Property sales
$ 4,725,363 $
- $
- $ 4,725,363 $
-
Rent
-
851,530
-
851,530 1,001,664
Economic development
-
-
575,000
575,000
625,000
Property development
101,209
-
-
101,209
73,803
Interest
29,839
-
-
29,839
46,363
Other
-
-
22,255
22,255
16,020
4,856,411
851,530
597,255 6,305,196 1,762,850
Expenditures:
Cost of property sales
1,929,835
-
-
1,929,835
-
Wages and benefits
46,810
104,021
369,275
520,106
441,107
Impairment of property
203,900
-
-
203,900
-
Insurance and utilities
-
200,912
-
200,912
233,230
Amortization
-
153,200
8,760
161,960
208,206
Other
22,157
33,692
45,716
101,565
86,887
Rent
8,501
18,891
67,063
94,455
113,799
Downtown redevelopment
-
-
78,615
78,615
-
Repairs and maintenance
-
73,185
-
73,185
43,067
Cost of property development
51,043
-
-
51,043
60,973
Marketing
-
-
37,384
37,384
108,624
Special economic projects
-
-
29,953
29,953
45,307
2,262,246
583,901
636,766 3,482,913 1,341,200
$ 2,594,165 $ 267,629 $ (39,511) $ 2,822,283 $ 421,650
11
cepco financial statements
72
city of chilliwack
| 2012 annual municipal report