2020 Annual Report

Annual Report 2020 65 City of Chilliwack Consolidated Statement of Operations and Accumulated Surplus Year Ended December 31, 2020 with comparative information for 2019 2020 2020 Budget 2019 Actual (Note 16) Actual Revenues Municipal taxation and grants-in-lieu of taxes $ 88,836,848 $ 88,539,400 $ 85,059,942 Government grants and transfers (Note 9) 13,859,661 13,455,711 11,946,060 Sale of services 43,555,490 42,978,863 42,801,866 Licences, permits, penalties and fines 4,156,607 3,761,000 4,132,840 Return on investments 2,768,944 1,280,783 3,515,404 Development cost charges 26,199,731 53,944,000 9,239,188 Developer contributions (Note 8) 7,807,282 4,450,000 2,898,310 Other revenue 1,900,338 1,357,000 3,343,748 189,084,901 209,766,757 162,937,358 Expenses General government services 10,889,750 10,770,550 10,864,345 Protective services 41,849,926 42,108,450 39,397,774 Transportation services 25,695,142 29,656,600 26,563,364 Environmental health services 12,659,802 11,808,400 11,055,269 Water and sewer services 24,362,043 21,819,500 23,352,275 Parks, recreation and cultural services 23,054,065 25,996,400 23,699,794 Planning and development 8,560,409 9,313,329 8,174,930 Interest and other 352,951 251,500 826,035 147,424,088 151,724,729 143,933,786 Annual Surplus Before Other Revenue (Loss) 41,660,813 58,042,028 19,003,572 Other revenue (loss) Gain or (loss) on disposal of tangible capital assets 213,139 - (535,449) Annual Surplus 41,873,952 58,042,028 18,468,123 Accumulated Surplus, beginning of year 904,227,448 904,227,448 885,759,325 Accumulated Surplus, End of Year $ 946,101,400 $ 962,269,476 $ 904,227,448 See accompanying notes to consolidated financial statements CITY OF CHILLIWACK CONSOLIDATED STATEMENT OF OPERATIONS & ACCUMULATED SURPLUS Year Ended December 31, 2020