CITY OF CHILLIWACK | 2024 Annual Report 100 CITY OF CHILLIWACK NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2024 City of Chilliwack Notes to Consolidated Financial Statements Year Ended December 31, 2024 Table of Segmented Information: Engineering Parks General Protective Transportation Solid Waste & Water & Recreation Planning & Government Protective & Public Works Environmental Sewer & Culture Development Services Services Services Services Services Services Services 2024 2023 Revenues Municipal taxation and grants-in lieu of taxes $ 21,721,853 56,798,398 $ 13,940,045 $ - $ 2,508 $ $ 21,770,079 $ 527,700 $ 114,760,583 $ 103,856,044 Government grants & transfers 11,592,558 1,514,263 2,524,833 364,791 - 213,456 2,316,958 18,526,859 32,556,542 Sales of services 2,108,851 477,632 1,549,500 20,292,159 31,987,288 4,198,996 3,587,605 64,202,031 55,917,578 Licences, permits, penalties and fines 1,488,043 1,252,372 - - - 3,375 2,810,732 5,554,522 5,090,279 Return on investments 7,887,102 273 6 8,042 415 8,393 63,114 7,967,345 7,288,132 Development cost charges - - 10,599,677 - 2,113,905 2,230,482 - 14,944,064 6,307,431 Contributed tangible capital assets - - 2,748,565 - 522,656 - - 3,271,221 4,820,496 Other revenue 163,860 17,900 300 1,161 3,578 477,028 (81,190) 582,637 7,394,158 44,962,267 60,060,838 31,362,926 20,666,153 34,630,350 28,901,809 9,224,919 229,809,262 223,230,660 Expenses Salaries and benefits 8,980,151 19,406,271 4,392,435 1,367,581 8,236,624 7,394,728 6,517,239 56,295,029 49,141,408 Goods and services 7,009,643 40,469,476 19,721,380 14,195,092 8,518,557 19,841,345 2,496,862 112,252,355 109,034,989 Administration allocation (2,748,269) 146,010 (703,303) 16,787 2,994,683 261,757 32,335 - - Asset retirement obligations accretion 96,138 - - 400,619 6,570 - 3,655 506,982 477,745 Interest and other 1,415,560 - - 3,794 57 430 1,584 1,421,425 1,525,457 Amortization of tangible capital assets 7,739,625 39,081 7,671,276 1,082,764 9,562,615 1,402,430 173,244 27,671,035 26,319,505 22,492,848 60,060,838 31,081,788 17,066,637 29,319,106 28,900,690 9,224,919 198,146,826 186,499,104 Annual Surplus Before Other Revenue (Loss) 22,469,419 - 281,138 3,599,516 5,311,244 1,119 - 31,662,436 36,731,556 Other revenue (loss) Loss on disposal of tangible capital assets (25,564) - (281,138) - (596,923) (1,119) - (904,744) (1,783,924) Annual Surplus $ 22,443,855 - $ - $ $ 3,599,516 4,714,321 $ - $ - $ $ 30,757,692 $ 34,947,632 Strolling Through Downtown Chilliwack Tourism Chilliwack
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