Image: Mike Vanden Bosch / PML / The park board reported a $2 million surplus at the end of its third quarter, as the result of revenues received from Sunnyside Campground and its parking lots, among other revenue sources.

By Mike Vanden Bosch

Cultus Lake Park Board

Cultus Lake Park Board reports third-quarter surplus of $2 million

Nov 26, 2022 | 9:26 AM

CHILLIWACK — The Cultus Lake Park Board received a positive report from its chief financial officer this week showing a large influx of revenue from its peak summer season when visitors typically flock to the park to camp or hit the main beach area.

Erica Lee, chief financial officer for the park board, wrote in a staff report this past Wednesday (Nov. 23) that the park has a $2,010,573 surplus at the end of its third quarter.

The park derives much of its revenue from Sunnyside Campground and parking lot revenues. The park is largely self-sustaining by relying on campground gate proceeds, parking fees, commercial leases, residential leases, and foreshore leases, among other sources.

“With the close of the Third Quarter, Cultus Lake is currently in an overall surplus position of $2,010,573 as a result of the recently completed summer high season where the majority of campground and park revenues are received,” said Lee, who is a chartered accountant.

At the same time, Lee noted, most revenues have been fully received by the park at this point while park operating expenses and completion of some capital projects remain for 2022. In other words, the surplus of $2,010,573 is likely to drop as expenses and capital projects continue in the fourth quarter.

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Lee indicated the surplus figure already reflected the recording of a transfer to the reserves expected for 2022, and funding from reserves for those capital projects incurred to date.

In other matters of business at Wednesday’s monthly park board meeting:

* The park board approved a request to conduct a flu shot and COVID-19 vaccination clinic from Save-on Foods on Saturday, December 3 at the park board office, 4169 Columbia Valley Highway, from 10 a.m. to 2 p.m. The clinic is free to community members.

* The park board confirmed its approval for the City of Chilliwack to grant the Department of Fisheries and Oceans a temporary license to facilitate the construction of a new sanitary sewer main by DFO and support the continued discussion and coordination with the DFO, FVRD, Ministry of Transportation and Infrastructure, and the City of Chilliwack to finalize land tenure agreements needed for the final completion and tie-ins of the sanitary sewer upgrade.

* The park board approved the scheduling of an upcoming Christmas concert on Friday, December 16 from 6 p.m. to 8 p.m. at Cultus Lake Memorial Church. The event includes horse and carriage rides, Christmas drinks, local musicians and storytellers, freshly baked goods, and a Christmas tree competition. All ages are welcome for the event. Tickets are by donation.

by Mike Vanden Bosch

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Cultus Lake Park Board reports third-quarter surplus of $2 million

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