2018 Annual Report

________________________________________________________ Consolidated Statement of Change in Net Financial Assets

Consolidated Statement of Change in Net Financial Assets For the year ended December 31, 2018

For the year ended December 31, 2018

Actual 2018

Budget 2018 (Note 17)

Actual 2017

Annual Surplus

$ 60,763,549 $ 69,329,904 $ 34,037,914

Add (Less): Change in Tangible Capital Assets Acquisition of tangible capital assets

(74,540,940)

(192,854,171)

(38,277,439)

Amortization

21,168,109 19,780,000 20,585,216

Proceeds from disposal of tangible capital assets (Gain) loss on disposal of tangible capital assets

183,461 1,933,914 (51,255,456)

1,582,750 (1,582,750) (173,074,171)

278,424 1,664,676 (15,749,123)

Change in Other Non Financial Assets Decrease (increase) in supplies inventory Decrease (Increase) in prepaid expenses

37,523 823,140 860,663

- - -

(8,723) (16,789) (25,512)

Increase (decrease) in Net Financial Assets

10,368,756 $ (103,744,267)

18,263,279

Net Financial Assets beginning of the year

104,609,403 104,609,403 86,346,124

Net Financial Assets end of the year

$ 114,978,159 $ 865,136 $ 104,609,403

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.

City of Maple Ridge - 2018 Annual Report 41