2019 Annual Report

City of Chilliwack 68 City of Chilliwack Consolidated Statement of Operations and Accumulated Surplus Year Ended December 31, 2019 with comparative information for 2018 2019 2019 Budget 2018 Actual (Note 16) Actual Revenues Municipal taxation and grants-in-lieu of taxes $ 85,059,942 $ 84,228,100 $ 80,459,466 Government grants and transfers (Note 9) 11,946,060 12,836,411 12,985,148 Sale of services 42,801,866 40,639,311 41,161,170 Licences, permits, penalties and fines 4,132,840 3,929,000 3,999,845 Return on investments 3,515,404 1,161,540 2,848,372 Development cost charges 9,239,188 37,833,000 13,478,114 Developer contributions (Note 8) 2,898,310 4,525,000 4,618,530 Other revenue 3,343,748 1,332,000 11,595,673 162,937,358 186,484,362 171,146,318 Expenses General government services 10,864,345 11,490,350 10,094,871 Protective services 39,397,774 39,684,950 34,785,834 Transportation services 26,563,364 26,212,600 23,686,974 Environmental health services 11,055,269 11,774,300 12,154,866 Water and sewer services 23,352,275 21,058,400 20,482,729 Recreation and cultural services 23,699,794 25,156,800 22,493,666 Planning and development 8,174,930 8,514,273 6,717,627 Interest and other 826,035 252,500 2,700,274 143,933,786 144,144,173 133,116,841 Annual Surplus Before Other Revenue (Loss) 19,003,572 42,340,189 38,029,477 Other revenue (loss) Loss on sale of tangible capital assets (535,449) - (5,674,845) Annual Surplus 18,468,123 42,340,189 32,354,632 Accumulated Surplus, beginning of year 885,759,325 885,759,325 853,404,693 Accumulated Surplus, End of Year $ 904,227,448 $ 928,099,514 $ 885,759,325 See accompanying notes to consolidated financial statements