Tourism Chilliwack Inc. Financial Statements
TOURISM CHILLIWACK INC.
Notes to Financial Statements (continued)
Year ended December 31, 2013
12. Segmented information (continued):
Facility
Tourism
Retail
Management
services
services Eliminations
2013
2012
Revenues:
Sales, rental and other income
$ 364,555 $
4,710 $ 114,881 $
- $ 484,146 $ 513,943
Operating agreements
300,000
159,611
-
-
459,611
467,111
Hotel tax
-
165,879
-
-
165,879
148,839
Advertising revenues
-
196,853
-
(75,000)
121,853
140,003
Fundraising revenues
-
12,568
-
-
12,568
5,591
Interest income
1,464
4,688
-
-
6,152
5,538
666,019
544,309
114,881
(75,000)
1,250,209 1,281,025
Expenditures:
Staffing costs
279,880
232,938
26,595
-
539,413
527,917
Advertising and business development
75,000
225,534
4,327
(75,000)
229,861
204,403
Operations
84,597
7,630
58,363
-
150,590
156,318
Administration
27,174
51,445
6,378
-
84,997
82,437
Utilities
71,453
6,445
-
-
77,898
83,789
Amortization
4,932
14,539
-
-
19,471
23,855
543,036
538,531
95,663
(75,000)
1,102,230 1,078,719
Annual surplus before distribution
$ 122,983 $
5,778 $ 19,218 $
- $ 147,979 $ 202,306
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