CITY OF CHILLIWACK 2025 Annual Report 72 73 2025 Annual Report CITY OF CHILLIWACK CITY OF CHILLIWACK CONSOLIDATED STATEMENT OF OPERATIONS & ACCUMULATED SURPLUS Year Ended December 31, 2025 City of Chilliwack Consolidated Statement of Operations and Accumulated Surplus Year Ended December 31, 2025 with comparative information for 2024 2025 2025 Budget 2024 Actual (Note 15) Actual Revenues Municipal taxation and grants-in-lieu of taxes $ 125,057,710$ 124,484,800 $ 114,760,583 Government grants and transfers (Note 9) 18,926,022 28,933,664 18,526,859 Sale of services 70,547,815 64,516,653 64,202,031 Licences, permits, penalties and fines 5,149,924 4,676,000 5,554,522 Return on investments 7,192,492 1,931,980 7,967,345 Development cost charges 8,336,991 42,135,000 14,944,064 Contributed tangible capital assets (Note 8) 3,853,070 4,575,000 3,271,221 Other revenue 989,817 2,624,000 582,637 240,053,841 273,877,097 229,809,262 Expenses General government services 26,016,458 17,115,700 22,492,848 Protective services 66,552,463 68,046,800 60,060,838 Engineering, transportation and public works services 26,536,134 37,390,800 31,081,788 Solid waste and environmental services 18,472,458 18,938,100 17,066,637 Water and sewer services 28,721,813 29,129,800 29,319,106 Parks, recreation and cultural services 31,417,926 34,608,600 28,900,690 Planning and development 9,157,741 7,755,884 9,224,919 206,874,993 212,985,684 198,146,826 Annual Surplus Before Other Revenue (Loss) 33,178,848 60,891,413 31,662,436 Other revenue (loss) Loss on disposal of tangible capital assets (440,876) - (904,744) Annual Surplus 32,737,972 60,891,413 30,757,692 Accumulated Surplus, beginning of year 1,063,731,497 1,063,731,497 1,032,973,805 Accumulated Surplus, End of Year $ 1,096,469,469 $ 1,124,622,910 $ 1,063,731,497 See accompanying notes to consolidated financial statements CITY OF CHILLIWACK CONSOLIDATED STATEMENT OF CHANGE IN NET FINANCIAL ASSETS Year Ended December 31, 2025 City of Chilliwack Consolidated Statement of Change in Net Financial Assets Year Ended December 31, 2025 with comparative information for 2024 2025 2025 Budget 2024 Actual (Note 15) Actual Annual surplus $ 32,737,972 $ 60,891,413 $ 30,757,692 Acquisition of tangible capital assets (55,298,401) (129,855,600) (51,705,939) Acquisition of property under development (2,272,555) - (460,283) Amortization of tangible capital assets 29,078,531 23,158,853 27,671,035 Change in asset retirement obligation (1,722,709) - (1,334,025) Contributed tangible capital assets (3,853,070) (4,575,000) (3,271,221) Loss on disposal of tangible capital assets 440,876 - 904,744 Proceeds on disposal of tangible capital assets 1,212,933 - 79,640 323,577 (50,380,334) 2,641,643 Change in inventories (594,717) - (198,410) Change in prepaid expenses 104,622 - (279,266) Change in net financial assets (166,518) (50,380,334) 2,163,967 Net financial assets, beginning of year 120,208,261 120,208,261 118,044,294 Net financial assets, end of year $ 120,041,743 $ 69,827,927 $ 120,208,261 See accompanying notes to consolidated financial statements
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