2019 Annual Report

City of Chilliwack 86 CHILLIWACK ECONOMIC PARTNERS CORPORATION Statement of Financial Position December 31, 2019 with comparative information for 2018 2019 2018 Financial assets: Cash (note 2) $ 229,297 $ 277,732 Accounts receivable 86,852 69,991 Investments 4,918,109 3,508,115 Financing lease receivable (note 3) 419,616 962,264 5,653,874 4,818,102 Financial liabilities: Accounts payable and accrued liabilities 124,512 94,644 Unearned revenue 538,690 402,506 663,202 497,150 Net financial assets 4,990,672 4,320,952 Non-financial assets: Prepaid expenses 917,168 964,481 Property under development (note 4) 3,681,960 3,681,960 Tangible capital assets (note 5) 4,392,726 4,668,171 8,991,854 9,314,612 Commitments (note 11) Accumulated surplus (note 6) $ 13,982,526 $ 13,635,564 See accompanying notes to financial statements. Director Director 1