2020 Annual Report

Annual Report 2020 85 CHILLIWACK ECONOMIC PARTNERS CORPORATION Statement of Change in Net Financial Assets Year ended December 31, 2020, with comparative information for 2019 2020 2020 2019 Budget Actual Actual Annual surplus $ 295,078 $ 395,649 $ 346,962 Acquisition of tangible capital assets - (25,216) (6,940) Amortization of tangible capital assets 221,000 242,155 279,062 Change in prepaid expenses - 56,845 47,313 Loss on disposal of tangible capital assets - - 3,323 221,000 273,784 322,758 Change in net financial assets 516,078 669,433 669,720 Net financial assets, beginning of year 4,990,672 4,990,672 4,320,952 Net financial assets, end of year $ 5,506,750 $ 5,660,105 $ 4,990,672 See accompanying notes to financial statements. 3 CHILLIWACK ECONOMIC PARTNERS CORPORATION STATEMENT OF CHANGE IN NET FINANCIAL ASSETS Year Ended December 31, 2020