City of Chilliwack
Consolidated Statement of Change in Net Financial Assets
Year Ended December 31, 2013 with comparative information for 2012
2013
2013
Budget
2012
Actual
(Note 15)
Actual
Annual surplus
12,858,852
$
23,890,110
$
17,722,791
$
Acquisition of tangible capital assets
(17,266,396)
(64,896,700)
(18,307,831)
Decrease (increase) in property under development
79,603
(20,000)
(201,060)
Provision for impairment of property
-
-
203,900
Developer contributions
(2,014,010)
(5,183,000)
(4,263,315)
Amortization of tangible capital assets
18,300,783
14,447,100
17,664,792
Gain on sale of tangible capital assets and property under development
(2,247,871)
-
(2,520,342)
Proceeds on sale of tangible capital assets and property under development
4,180,129
1,300,000
4,855,410
13,891,090
(30,462,490)
15,154,345
Change in inventories
2,865
-
(136,561)
Change in prepaid expenses
(587,273)
-
325,529
Change in net financial assets
13,306,682
(30,462,490)
15,343,313
Net financial assets, beginning of year
48,619,052
48,619,052
33,275,739
Net financial assets, end of year
61,925,734
$
18,156,562
$
48,619,052
$
See accompanying notes to consolidated financial statements
City of Chilliwack Financial Statements
44
