CITY OF CHILLIWACK 2025 Annual Report 78 79 2025 Annual Report CITY OF CHILLIWACK CITY OF CHILLIWACK NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2025 City of Chilliwack Notes to Consolidated Financial Statements Year Ended December 31, 2025 8 Tangible capital assets: 2025 Opening Change in initial asset Change - Under Closing Cost Additions retirement obligation Disposals Construction Cost General Land $ 159,766,508 6,003,975 $ - $ (302,201) $ - $ $ 165,468,282 Buildings 169,194,440 2,347,454 (502,296) - 171,039,598 Equipment and vehicles 60,899,569 7,347,551 - (1,961,804) - 66,285,316 Engineering structures 462,940,934 24,748,444 434,728 (522,623) - 487,601,483 Under construction 23,520,326 - - (1,009,780) 192,407 22,702,953 876,321,777 40,447,424 434,728 (4,298,704) 192,407 913,097,632 Solid Waste Equipment and vehicles - 7,754 - - - 7,754 Engineering structures 26,480,791 576,393 1,258,517 - 28,315,701 Under construction 519,242 - - (266,293) 252,949 27,000,033 584,147 1,258,517 - (266,293) 28,576,404 Water Land 2,026,328 45,986 - - - 2,072,314 Equipment and vehicles 5,191,642 1,366,377 - (180,617) - 6,377,402 Engineering structures 215,411,429 1,688,757 29,464 (42,417) - 217,087,233 Under construction 1,595,724 - - - (578,093) 1,017,631 224,225,123 3,101,120 29,464 (223,034) (578,093) 226,554,580 Sewer Land 2,013,155 - - - - 2,013,155 Equipment and vehicles 3,230,744 1,425,616 - (118,673) - 4,537,687 Engineering structures 299,475,566 1,524,207 - (207,859) - 300,791,914 Under construction 7,035,583 - - 12,568,904 19,604,487 311,755,048 2,949,823 - (326,532) 12,568,904 326,947,243 CEPCO Land 196,196 - - - - 196,196 Buildings 5,512,022 52,313 - - 5,564,335 Equipment 304,876 7,543 - - - 312,419 6,013,094 59,856 - - - 6,072,950 Tourism Chilliwack Goodwill 6,120 - - - - 6,120 Buildings 127,913 28,998 - - - 156,911 Equipment 299,487 63,178 - - - 362,665 433,520 92,176 - - - 525,696 $ 1,445,748,595 $ 47,234,546 1,722,709 $ (4,848,270) $ 11,916,925 $ $ 1,501,774,505 No recoveries are expected at this time. A summary of the change in the liability is as follows: 2025 2024 Opening asset retirement obligation 13,195,639 $ 11,354,632 $ Increase due to accretion 505,773 506,982 Change in estimate 1,722,709 1,334,025 Asset retirement obligations, end of year 15,424,121 $ 13,195,639 $ 7 Property under development: The property under development relates to projects of Chilliwack Economic Partners Corporation as follows: 2024 2023 Canada Education Park 3,258,792 $ 3,258,792 $ Downtown Redevelopment 9,228,317 6,955,762 12,487,109 $ 10,214,554 $ CITY OF CHILLIWACK NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Year Ended December 31, 2025 City of Chilliwack Notes to Consolidated Financial Statements Year Ended December 31, 2025 8 Tangible capital assets (continued): Opening 2025 Ending NBV NBV Accum. Amort. Amortization Disposals Accum. Amort 2025 2024 General Land - $ - $ - $ - $ $ 165,468,282 $ 159,766,508 Buildings 71,296,453 4,401,871 (311,757) 75,386,567 95,653,031 97,897,987 Equipment and vehicles 35,411,189 4,105,841 (1,861,321) 37,655,709 28,629,607 25,488,380 Engineering structures 196,568,186 9,004,819 (508,638) 205,064,367 282,537,116 266,372,748 Under construction - - - - 22,702,953 23,520,326 303,275,828 17,512,531 (2,681,716) 318,106,643 594,990,989 573,045,949 Solid Waste Equipment and vehicles - 517 - 517 7,237 - Engineering structures 6,532,212 1,247,626 7,779,838 20,535,863 19,948,579 Under construction - - 252,949 519,242 6,532,212 1,248,143 - 7,780,355 20,796,049 20,467,821 Water Land - - - 2,072,314 2,026,328 Equipment and vehicles 2,745,713 528,840 (162,617) 3,111,936 3,265,466 2,445,929 Engineering structures 83,282,364 3,956,262 (42,417) 87,196,209 129,891,024 132,129,065 Under construction - - - - 1,017,631 1,595,724 86,028,077 4,485,102 (205,034) 90,308,145 136,246,435 138,197,046 Sewer Land - - - 2,013,155 2,013,155 Equipment and vehicles 2,125,949 200,405 (99,852) 2,226,502 2,311,185 1,104,795 Engineering structures 117,831,100 5,439,682 (207,859) 123,062,923 177,728,991 181,644,466 Under construction - - - - 19,604,487 7,035,583 119,957,049 5,640,087 (307,711) 125,289,425 201,657,818 191,797,999 CEPCO Land - - - - 196,196 196,196 Buildings 2,050,665 141,159 - 2,191,824 3,372,511 3,461,357 Equipment 271,554 6,216 - 277,770 34,649 33,322 2,322,219 147,375 - 2,469,594 3,603,356 3,690,875 Tourism Chilliwack Buildings 121,243 8,951 - 130,194 26,717 6,670 Equipment 276,235 36,342 - 312,577 50,088 23,252 397,478 45,293 - 442,771 76,805 29,922 $ 518,512,863 $ 29,078,531 (3,194,461) $ 544,396,933 $ $ 957,371,452 $ 927,229,612 The fair value of tangible capital assets contributed to the City during the year is as follows: 2025 2024 Engineering structures 3,285,313 $ 2,748,565 $ Water 376,861 169,500 Sewer 190,896 353,156 3,853,070 $ 3,271,221 $
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