CITY OF CHILLIWACK 2025 Annual Report 110 111 2025 Annual Report CITY OF CHILLIWACK TOURISM CHILLIWACK INC. CONSOLIDATED STATEMENT OF CHANGE IN NET FINANCIAL ASSETS Year Ended December 31, 2025 TOURISM CHILLIWACK INC. Consolidated Statement of Change in Net Financial Assets Year ended December 31, 2025, with comparative information for 2024 2025 2025 2024 Budget Actual Actual Annual surplus (deficit) $ 24,611 $ (2,653) $ 69,646 Acquisition of tangible capital assets - (92,176) (13,750) Amortization of tangible capital assets 16,853 45,293 24,862 16,853 (46,883) 11,112 Change in inventories - 3,248 26,797 Change in prepaid expenses and deposits - (14,910) (4,274) - (11,662) 22,523 Change in net financial assets 41,464 (61,198) 103,281 Net financial assets, beginning of year 1,118,192 1,118,192 1,014,911 Net financial assets, end of year $ 1,159,656 $ 1,056,994 $ 1,118,192 See accompanying notes to financial statements. 3 TOURISM CHILLIWACK INC. CONSOLIDATED STATEMENT OF CASH FLOWS Year Ended December 31, 2025 TOURISM CHILLIWACK INC. Consolidated Statement of Cash Flows Year ended December 31, 2025, with comparative information for 2024 2025 2024 Cash provided by (used in): Operating activities: Annual surplus (deficit) $ (2,653) $ 69,646 Item not involving cash: Amortization of tangible capital assets 45,293 24,862 42,640 94,508 Changes in non-cash operating assets and liabilities: Accounts receivable 61,724 29,573 Inventories 3,248 26,797 Prepaid expenses and deposits (14,910) (4,274) Accounts payable and accrued liabilities 186,476 (106,713) Due to City of Chilliwack 6,594 (217,687) Deferred revenue 328,916 (380,169) 614,688 (557,965) Capital activities: Acquisition of tangible capital assets (92,176) (13,750) Increase (decrease) in cash and cash equivalents 522,512 (571,715) Cash and cash equivalents, beginning of year 1,036,546 1,608,261 Cash and cash equivalents, end of year $ 1,559,058 $ 1,036,546 See accompanying notes to financial statements. 4
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