2018 Annual Report

Consolidated Statement of Operations

Consolidated Statement of Operations For the year ended December 31, 2018

For the year ended December 31, 2018

Actual

Budget 2018 (Note 17)

Actual 2017

2018

Revenue (Segment Report, Note 20) Taxes for municipal purposes (Note 15) User fees and other revenue Government transfers (Note 16)

$ 85,645,660 $ 85,708,027 $ 81,729,003

42,266,363 42,042,952 4,862,137 10,376,782 15,787,623 44,958,943

42,409,361 3,434,531 8,155,007 3,182,894 1,561,090

Development revenue

Interest and investment income

4,581,311 1,781,613 (1,470,673)

2,132,988 1,400,000 1,582,750

Gaming revenues

Refinancing and asset disposal gains (losses) Contributed tangible capital assets (Note 12)

(807,330)

29,727,691 20,000,000 16,725,863 183,181,725 208,202,442 156,390,419

Expenses (Segment Report, Note 20) Protective services

37,458,755 41,638,521 19,445,582 21,485,306 18,754,440 22,947,392 13,787,153 15,005,613 11,688,964 12,659,702 15,252,598 18,449,276

38,065,340 19,511,458 19,784,632 13,305,309 10,761,203 15,106,167

Transportation services Recreation and cultural

Water utility Sewer utility

General government

Planning, public health and other

6,030,684 5,818,396 122,418,176 138,872,538 122,352,505 6,686,728

Annual Surplus

60,763,549 69,329,904

34,037,914

Accumulated Surplus - beginning of year

1,097,939,665 1,097,939,665 1,063,901,750

Accumulated Surplus - end of year (Note 14)

$ 1,158,703,214 $1,167,269,569 $1,097,939,665

The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement.

The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement.

40 City of Maple Ridge - 2018 Annual Report