CITY OF CHILLIWACK | 2024 Annual Report 92 93 2024 Annual Report | CITY OF CHILLIWACK 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 City of Chilliwack Notes to Consolidated Financial Statements Year Ended December 31, 2024 9 Tangible capital assets: 2024 Opening Change in initial asset Change - Under Closing Cost Additions retirement obligation Disposals Construction Cost General Land $ 157,940,350 $ 1,826,158 - $ - $ - $ $ 159,766,508 Buildings 168,868,425 326,015 - - - 169,194,440 Equipment and vehicles 53,495,250 8,167,167 - (762,848) - 60,899,569 Engineering structures 449,245,998 14,676,832 176,778 (1,158,674) - 462,940,934 Under construction 14,031,235 - - - 9,489,091 23,520,326 843,581,258 24,996,172 176,778 (1,921,522) 9,489,091 876,321,777 Solid Waste Engineering structures 21,536,720 3,787,060 1,157,011 - - 26,480,791 Under construction 3,848,767 - - - (3,329,525) 519,242 25,385,487 3,787,060 1,157,011 - (3,329,525) 27,000,033 Water Land 2,026,328 - - - - 2,026,328 Buildings - - - - - - Equipment and vehicles 5,266,666 - - (75,024) - 5,191,642 Engineering structures 210,872,815 5,180,758 236 (642,380) - 215,411,429 Under construction 1,635,837 - - - (40,113) 1,595,724 219,801,646 5,180,758 236 (717,404) (40,113) 224,225,123 Sewer Land 1,643,155 370,000 - - - 2,013,155 Equipment and vehicles 3,230,744 - - - - 3,230,744 Engineering structures 289,084,293 10,558,408 - (167,135) - 299,475,566 Under construction 3,141,602 - - - 3,893,981 7,035,583 297,099,794 10,928,408 - (167,135) 3,893,981 311,755,048 CEPCO Land 196,196 - - - - 196,196 Buildings 5,466,399 45,623 - - - 5,512,022 Equipment 295,155 9,721 - - - 304,876 5,957,750 55,344 - - - 6,013,094 Tourism Chilliwack Goodwill 6,120 - - - - 6,120 Buildings 127,913 - - - - 127,913 Equipment 285,737 13,750 - - - 299,487 419,770 13,750 - - - 433,520 $ 1,392,245,705 $ 44,961,492 1,334,025 $ (2,806,061) $ $ 10,013,434 1,445,748,595 $ City of Chilliwack Notes to Consolidated Financial Statements Year Ended December 31, 2024 9 Tangible capital assets (continued): Opening 2024 Ending NBV NBV Accum. Amort. Amortization Disposals Accum. Amort 2024 2023 General Land - $ - $ - $ - $ $ 159,766,508 $ 158,370,520 Buildings 67,277,368 4,019,085 - 71,296,453 97,897,987 100,748,337 Equipment and vehicles 32,503,268 3,578,455 (670,534) 35,411,189 25,488,380 21,080,263 Engineering structures 188,189,732 9,257,106 (878,652) 196,568,186 266,372,748 277,445,520 Under construction - - - - 23,520,326 17,880,002 287,970,368 16,854,646 (1,549,186) 303,275,828 573,045,949 575,524,642 Solid Waste Engineering structures 5,449,448 1,082,764 - 6,532,212 19,948,579 - Under construction - - - - 519,242 - 5,449,448 1,082,764 - 6,532,212 20,467,821 - Water Land - - - - 2,026,328 2,026,328 Buildings - - - - - 18,400 Equipment and vehicles 2,264,339 542,144 (60,770) 2,745,713 2,445,929 2,723,965 Engineering structures 79,948,367 3,448,786 (114,789) 83,282,364 132,129,065 131,182,180 Under construction - - - - 1,595,724 1,635,837 82,212,706 3,990,930 (175,559) 86,028,077 138,197,046 137,586,710 Sewer Land - - - - 2,013,155 1,643,155 Equipment and vehicles 1,911,913 214,036 - 2,125,949 1,104,795 1,319,730 Engineering structures 112,572,619 5,357,648 (99,167) 117,831,100 181,644,466 176,535,293 Under construction - - - - 7,035,583 3,141,602 114,484,532 5,571,684 (99,167) 119,957,049 191,797,999 182,639,780 CEPCO Land - - - - 196,196 196,196 Buildings 1,912,014 138,651 - 2,050,665 3,461,357 3,554,343 Equipment 264,056 7,498 - 271,554 33,322 31,140 2,176,070 146,149 - 2,322,219 3,690,875 3,781,679 Tourism Chilliwack Goodwill - - - - 6,120 6,120 Buildings 120,885 358 - 121,243 6,670 7,029 Equipment 251,731 24,504 - 276,235 23,252 34,006 372,616 24,862 - 397,478 36,042 47,155 $ 492,665,740 $ 27,671,035 (1,823,912) $ $ 518,512,863 $ 927,235,732 $ 899,579,966 The fair value of tangible capital assets contributed to the City during the year is as follows: 2024 2023 Engineering structures 2,748,565 $ 3,358,116 $ Water 169,500 359,246 Sewer 353,156 869,134 Land - 234,000 3,271,221 $ 4,820,496 $
RkJQdWJsaXNoZXIy ODc2MA==