2018-2022 Financial Plan

BUDGET AT A GLANCE

WHERE IS THE MONEY COMING FROM: REVENUES Actual Budget

Budget

Budget

Budget

Budget

Budget

$ in thousands

2017

2017

2018

2019

2020

2021

2022

Property Taxes

81,729

81,625

86,034

90,642

95,508 100,649 106,079

User Fees and Other Revenue Senior Government Transfers Development Revenue

43,163

42,840

42,075

43,732

45,350

47,055

48,853

3,435

7,232

6,505

3,904

4,324

4,535

3,896

8,155

40,057

6,347

11,364

9,517

6,801

4,821

Interest Income

3,183

1,898

1,883

1,898

1,913

1,928

1,943

Contributed Assets

16,726

20,000

20,000

20,000

20,000

20,000

20,000

Property Sales

—

—

1,583

1,500

2,500

—

—

156,390

193,651

164,426

173,039

179,113

180,968

185,592

Revenue changes are increasing based on the rate changes in the Key Assumptions section above. The difference in 2017 actual to budget amounts for Senior Government Transfers and Development Revenue are mainly due to the timing of when Capital Work is complete and work-in-progress will be deferred to 2018. Contributed Tangible Capital Assets is the infrastructure turned over to Maple Ridge which was created through subdivision development.

WHERE IS THE MONEY BEING SPENT: EXPENDITURES Actual Budget Budget

Budget

Budget

Budget

Budget

$ in thousands

2017

2017

2018

2019

2020

2021

2022

Protective Services

38,065

40,621

40,636

41,798

43,027

44,440

45,581

Transportation Services

19,511

21,090

10,837

10,842

10,948

10,919

11,027

Recreation and Culture

19,785

21,237

23,378

25,186

25,553

25,914

26,343

Water Utility

13,305

14,561

14,572

15,099

15,781

16,452

17,213

Sewer Utility

10,761

10,965

11,908

12,649

13,278

13,906

14,273

General Government

15,106

17,876

14,835

15,207

15,760

16,324

17,014

Planning, Other

5,818 13,460 122,353 132,966 128,386 133,237 137,123 141,070 144,911 6,617 12,220 12,455 12,776 13,115

Annual Surplus

34,038 60,685 36,040 39,802 41,989 39,898 40,681

Other Items Borrowing Proceeds Amortization Funded by Capital Equity Capital, Principal & Other

—

13,048

27,500

19,000

—

—

—

20,585

19,780

19,780

19,780

19,780

19,780

19,780

(21,821) (108,880)

(66,630)

(55,818)

(30,040)

(30,169)

(24,819)

Contributed Assets

(16,726)

(20,000)

(20,000)

(20,000)

(20,000)

(20,000)

(20,000)

Transfers To (From) Reserves And Surplus

16,076

(35,368)

(3,310)

2,764

11,729

9,509

15,642

Maple Ridge  Financial Plan 2018-2022

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