CITY OF CHILLIWACK 2025 Annual Report 118 119 2025 Annual Report CITY OF CHILLIWACK TOURISM CHILLIWACK INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2025 TOURISM CHILLIWACK INC. Notes to Consolidated Financial Statements (continued) Year ended December 31, 2025 12. Segmented information: The Company is a diversified other government organization that provides a range of services, including: Facility Management Facility Management includes all activities associated with the operation of Chilliwack Heritage Park including renting the facility for various events. Tourism Services Tourism Services includes all activities associated with the operation of the Chilliwack Visitor Centre including co-coordinating and delivering tourism marketing programs aimed at promoting Chilliwack as a tourist destination. Retail Services Retail Services includes all activities associated with operation of the Flag Shop including selling various national and international flags, other souvenir items and a collection of clothing and accessories. The Fraser Valley (TFV) Marketing Campaign The Fraser Valley (TFV) Marketing Campaign includes all activities associated with the Cooperative Marketing Partnerships Program. 11 TOURISM CHILLIWACK INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2025 TOURISM CHILLIWACK INC. Notes to Consolidated Financial Statements (continued) Year ended December 31, 2025 12. Segmented information (continued): The following table outlines the Company's revenues and expenditures by operating segments: Facility Tourism Retail The Fraser Valley Management services services (TFV) Marketing Eliminations 2025 2024 Campaign Revenues: Sales, rental and other income $ 793,210 $ 31,286 $ 121,165 $ - $ - $ 945,661 $ 1,233,149 Operating agreements 445,000 170,411 - - - 615,411 889,318 Hotel tax - 911,988 - - - 911,988 889,758 Advertising revenues - 183,316 - 84,175 (65,000) 202,491 391,192 Interest income 933 17,314 - - - 18,247 22,404 1,239,143 1,314,315 121,165 84,175 (65,000) 2,693,798 3,425,821 Expenditures: Advertising and business development 65,000 467,730 570 186,572 (65,000) 654,872 1,432,775 Staffing costs 788,730 535,293 33,981 - - 1,358,004 1,267,635 Operations 179,071 45,013 28,668 - - 252,752 263,047 Administration 76,343 179,527 - - - 255,870 251,328 Utilities 73,200 4,417 - - - 77,617 71,079 Amortization of tangible capital assets 4,756 40,537 - - - 45,293 24,862 1,187,100 1,272,517 63,219 186,572 (65,000) 2,644,408 3,310,726 Annual surplus (deficit) before distribution $ 52,043 $ 41,798 $ 57,946 $ (102,397) $ - $ 49,390 $ 115,095 12
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