2019 Annual Report

City of Chilliwack 78 City of Chilliwack Notes to Consolidated Financial Statements Year Ended December 31, 2019 16 Budget figures: The operating and capital budget figures, presented on a basis consistent with that used for actual results, were approved by Council as the Financial Plan Bylaw 2019, No. 4642. The chart below reconciles the approved budget to the budget figures reported in these financial statements. 2019 Budget Revenues Operating budget 160,030,100 $ Capital budget Development cost charges 37,412,000 Developer contributions 4,525,000 Statutory reserve funds 18,065,000 Operating reserves 32,237,500 Current operations 6,650,000 Government grants 5,862,500 Total revenue per approved budget 264,782,100 Add: CEPCO 2,020,335 Tourism 1,774,427 Less: Transfers from other funds (80,942,500) Inter-entity eliminations (1,150,000) Total budgeted revenue as reported 186,484,362 Expenses Operating budget 160,030,100 Capital budget 104,752,000 264,782,100 Add: CEPCO 1,648,850 Tourism 1,672,323 Less: Transfers to other funds (122,809,100) Inter-entity eliminations (1,150,000) Total budgeted expenses as reported 144,144,173 Budgeted surplus as reported 42,340,189 $