CITY OF CHILLIWACK 2025 Annual Report 102 CHILLIWACK ECONOMIC PARTNERS CORPORATION (CEPCO) NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2025 CHILLIWACK ECONOMIC PARTNERS CORPORATION Notes to Financial Statements (continued) Year ended December 31, 2025 12. Segmented information (continued): The following table outlines the Corporation's revenues and expenses by operating segments: Rent and contracted Economic services development 2025 2024 Revenues: Rent $ 678,715 $ - $ 678,715 $ 683,839 Economic development - 650,000 650,000 650,000 Government programs 17,500 - 17,500 10,000 Contracted services - 243,063 243,063 186,560 Property management - 14,331 14,331 7,958 Interest - 23,041 23,041 40,710 Other revenue - 8,500 8,500 8,000 696,215 938,935 1,635,150 1,587,067 Expenses: Wages and benefits 109,668 438,673 548,341 536,105 Downtown redevelopment - 58,321 58,321 36,334 Amortization of tangible capital assets 147,375 - 147,375 148,382 Contracted services 152,109 - 152,109 132,510 Marketing - 86,495 86,495 58,530 Insurance - 63,990 63,990 66,335 Rent 10,000 40,000 50,000 50,000 Common area costs 14,368 28,737 43,105 49,869 Office and administration 47,532 - 47,532 46,062 Repairs and maintenance 48,706 - 48,706 32,445 Professional fees 5,637 22,547 28,184 38,621 Premise operating costs 10,030 20,059 30,089 28,740 Utilities 14,337 - 14,337 13,843 Interest and bank charges 5,956 11,913 17,869 1,584 565,718 770,735 1,336,453 1,239,360 Annual surplus $ 130,497 $ 168,200 $ 298,697 $ 347,707 13 Walking Through City Trails Chilliwack City Staff
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