2018 Citizen's Report

2018 MAPLE RIDGE FINANCIAL SPOTLIGHT

Consolidated Statement of Financial Position As at December 31, 2018

The Consolidated Statement of Financial Position is the Public Sector version of the Balance Sheet, listing the government entity’s financial assets, liabilities and non-financial assets as at December 31. Key things to note on this statement are Net Financial Assets and Accumulated Surplus. Net Financial Assets are the excess of financial assets over liabilities and provides an indication of financial flexibility. Accumulated Surplus is the total of Net Financial Assets and Non-Financial Assets.

2017

2018

Financial Assets

Cash and cash equivalents

$ 27,631,877

$ 22,186,741

Portfolio investments

187,717,851

201,666,082

Accounts receivable

14,663,433

15,515,417

Recoverable local improvements

1,126,247

1,379,072

Other assets

763,208

779,813

Inventory available for resale

3,579,094

2,459,585

235,481,710

243.986,710

Liabilities Accounts payable and accrued liabilities

20,795,751

24,858,292

14,198,182

Deferred revenue

15,760,504

Restricted revenue

39,633,654

35,996,158

Refundable performance deposits and other

23,403,713

21,908,866

Employee future benefits

4,567,300

4,662,100

Long term debt

28,273,707

25,822,631

130,872,307

129,008,551

104,609,403

Net Financial Assets

114,978,159

Non Financial Assets Tangible capital assets

976,145,224

1,027,400,677

Undeveloped landbank properties

15,526,529

15,526,529

Supplies inventory

363,885

326,363

Prepaid expenses

1,294,624

471,486

993,330,262

1,043,725,055

$ 1,097,939,665

Accumulated Surplus

$ 1,158,703,214

Reporting Entity and Basis of Consolidation These financial statements have been prepared in accordance with Canadian Public SectorAccounting Standards using guidelines developed by the Public SectorAccounting Board of the Chartered ProfessionalAccountants of Canada. They consolidate the activities of all of the funds of the City and the City’s wholly owned subsidiaries C.D.M.R. Developments Ltd. and Maple Ridge Municipal Holdings Ltd. Transactions between the City’s funds and wholly owned subsidiaries have been eliminated and only transactions with outside entities are reported.

Amortization - The cost of using an asset over time.

Glossary

Annual Surplus/Deficit - The difference between annual revenues and annual expenses. If positive it is referred to asAnnual Surplus, if negative, it is referred to asAnnual Deficit. FinancialAssets - Assets that could be used to discharge existing liabilities or finance future operations, such as cash receivables and portfolio investments.

Accumulated Surplus - Represents net economic resources, the amount bywhich all assets, both financial and non-financial, exceed all liabilities. It indicates that a government has net resources available to provide future services, but does not represent available cash.

14 Citizen’s Report 2018