CITY OF CHILLIWACK 2025 Annual Report 92 93 2025 Annual Report CITY OF CHILLIWACK CHILLIWACK ECONOMIC PARTNERS CORPORATION (CEPCO) STATEMENT OF CHANGE IN NET FINANCIAL ASSETS Year Ended December 31, 2025 CHILLIWACK ECONOMIC PARTNERS CORPORATION Statement of Change in Net Financial Assets (deficiency) Year ended December 31, 2025, with comparative information for 2024 2025 2025 2024 Budget Actual Actual Annual surplus $ 306,702 $ 298,697 $ 347,707 Acquisition of tangible capital assets - (59,856) (57,578) Amortization of tangible capital assets 142,000 147,375 148,382 Acquisition of property under development - (2,272,555) (460,283) Change in prepaid expenses - 69,334 48,595 142,000 (2,115,702) (320,884) Change in net financial assets 448,702 (1,817,005) 26,823 Net financial assets, beginning of year 1,072,515 1,072,515 1,045,692 Net financial assets (deficiency), end of year $ 1,521,217 $ (744,490) $ 1,072,515 See accompanying notes to financial statements. 3 CHILLIWACK ECONOMIC PARTNERS CORPORATION (CEPCO) STATEMENT OF CASH FLOWS Year Ended December 31, 2025 CHILLIWACK ECONOMIC PARTNERS CORPORATION 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 $ 298,697 $ 347,707 Items not involving cash: Amortization of tangible capital assets 147,375 148,382 Accretion of asset retirement obligation 3,825 3,653 449,897 499,742 Changes in non-cash operating working capital: Accounts receivable (5,561) 19,936 Prepaid expenses 69,334 48,595 Accounts payable and accrued liabilities (382,797) 276,534 Unearned revenue - 170,625 130,873 1,015,432 Capital activities: Acquisition of tangible capital assets (59,856) (57,578) Acquisition of property under development (2,272,555) (460,283) (2,332,411) (517,861) Investing activities: Increase in investments 815,208 (40,411) Financing activities: Proceeds from line of credit 1,675,138 - Increase (decrease) in cash 288,808 457,160 Cash, beginning of year 495,163 38,003 Cash, end of year $ 783,971 $ 495,163 See accompanying notes to financial statements. 4
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