2018 Annual Report

Notes to the Consolidated Financial Statements

Consolidated Financial Statements

For the year ended December 31, 2018

16. Government Transfers Government transfers recognized during the year were comprised of the following: 2018

2017

Capital

Operating

Capital

Operating

Federal Gov't Provincial Gov't

$

252,368 $

300,941 $

136,508 $

353,137 1,293,903 1,092,910

1,877,731 176,370

1,336,511 790,717

186,465 116,794 176,932

TransLink

Other Total

64,975

62,524

77,882

$

2,371,444 $

2,490,693 $

616,699 $

2,817,832

17. Budget Budget amounts represent the Financial Plan Bylaw adopted by Council on May 8, 2018. The Financial Plan anticipated use of surpluses accumulated in previous years to balance against current year expenditures in excess of current year revenues. The following shows how these amounts were combined: Financial Plan Bylaw Financial Statement Budget Revenue Taxation $ 85,708,027 $ 85,708,027 User fees and other revenue 42,042,952 42,042,952 Other 60,451,463 60,451,463 Contributed subdivision infrastructure 20,000,000 20,000,000 Total Revenue 208,202,442 208,202,442 Expenses Protective services 41,638,521 41,638,521 Transportation services 21,485,306 21,485,306 Recreation and cultural 22,947,392 22,947,392 Water utility 15,005,613 15,005,613 Sewer utility 12,659,702 12,659,702 General Government 18,449,276 18,449,276 Planning, public health and other 6,686,728 6,686,728 Total expenses 138,872,538 138,872,538 Annual Surplus $ 69,329,904 $ 69,329,904 Less: Capital expenditures 192,854,157 Debt repayment 3,705,844 Add: Interfund transfers 62,913,234 Amortization 19,780,000 Borrowing proceeds 44,536,863 $ -

City of Maple Ridge - 2018 Annual Report 53