There was a slight drop in seasonal camping revenues from Sunnyside Campground this year

Cultus Lake Park Board posts $1 million surplus

A net surplus of more than a million dollars is being reported by Cultus Lake Park Board officials for the first six months of 2011.

A net surplus of more than a million dollars is being reported by Cultus Lake Park Board officials for the first six months of 2011.

Financial highlights also included an increase to reserves, which now totals $2.48 million, above the $1.82 million mark from the previous year.

“Those two points show we’re proceeding nearly on budget and well on our way to restoring financial sustainability,” said park board chair Sacha Peter.

It’s a slow process, he acknowledged, but they’re steadily making progress, and building up fiscal reserves to a “more comfortable level.”

The highlights were from a “financial snapshot” of the budget, Peter said.

Park board commissioners decided in April they no longer had the resources to provide monthly financial statements, which became an issue of concern to some leaseholders who were asking for more accountability and transparency.

Spending outpaced revenues by the park board in most years up to 2007. The changes started in 2009 when the park board hit a financial wall after servicing 14 residential lots, which were never sold.

They ended up turning a deficit into a small surplus, and in 2010 they increased campground and lease fees and shut down all non-critical spending.

Reserve funds were also completely depleted, so efforts were made to restore them. A total of $75 per residential lease is going toward the effort to rebuilt reserves.

“Staff continues to identify areas where further savings can be realized,” Peter said.

There was a slight drop in seasonal camping revenues from Sunnyside Campground this year, the park board’s largest single source of revenue.

“We’ve been able to recoup a good portion of those revenues since some of those lots can be used for full RV hookups,” Peter said. “Some of the seasonal spots have been released or sold on a pro-rated basis.”

Efforts are being made to get interested individuals to run for park board commissioner positions in the upcoming elections.

“I am delighted with these financial results, but I have to ask how do they know?” said leaseholder Rick Williamson after seeing the CLPB press release. “What are they basing this on?”

His big question was if the park board is no longer producing reliable monthly statements and is relying on audited year-end statements, can the quarterly snapshot and/or the recently released figures be considered accurate?

“I hope they can, but I have to wonder,” he said.

Just Posted

Watercolours by late Chilliwack artist to be unveiled at Yarrow Library

The public is invited to a special unveiling of three of Heinz Klassen’s watercolour paintings

Yarrow Library one of the stops on Cubetto’s grand tour

FVRL’s friendly wooden robot, Cubetto, travels throughout Fraser Valley to teach programming basics

No home for Agassiz Community Garden on school district land

The garden is still homeless after SD78 said no to the society using the McCaffrey School property

Chilliwack PEO: ‘We who are sisters’

International oganization celebrating 150 years of service

Chilliwack students take the lead as mental health advocates

About 100 Chilliwack youth prepped to make a difference during Mental Health Week

Dashcam captures close call between minivan, taxi at busy Vancouver intersection

To make the footage more nerve-wracking, a pedestrian can be seen standing at the corner

Waste not: Kootenay brewery leftovers feed the local food chain

Spent grains from the Trail Beer Refinery are donated to local farmers and growers, none go to waste

Deck collapses in Langley during celebration, 35 people injured

Emergency responders rushed to the Langley home

B.C. mom wages battle to get back four kids taken from her in Egypt

Sara Lessing of Mission has help from Abbotsford law firm

VIDEO: Fire guts Peachland home

Crews are still on scene pumping water onto the blaze in the Okanagan neighbourhood

$6K raised in one day’s time for family of woman gunned down in Penticton

GoFundMe launched for family of Darlene Knippelberg, to pay for funeral costs and other expenses

B.C. mountain biker sent home from hospital twice, despite broken vertebrae

Released in Maple Ridge to go home with three fractured vertebrae

Seven tips to travel safely this Easter long weekend

An average of three people are killed, and hundreds more injured, each Easter long weekend in B.C.

Seattle’s 4-20 ‘protestival’ enjoys tolerance, some support – and B.C. could do the same

Seattle’s Hempfest a large-scale occasions with vendors, prominent musical acts and thousands of attendees

Most Read