2018 Citizen's Report

2018 MAPLE RIDGE FINANCIAL SPOTLIGHT

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

The Consolidated Statement of Operations is the Public Sector version of an Income Statement, showing the government entity’s revenues and expenses realized over the course of the fiscal year. The difference between annual revenues and expenses is referred to as the annual surplus. The key point to keep in mind with this statement is that the annual surplus does not represent a cash surplus as the amounts reported under expense includes general operating costs and the annual depreciation of tangible capital assets used in service provision, but does not include the amount of cash invested in infrastructure during the year.

Budget 2018

Actual 2017

Revenues

Actual 2018

Revenue (segment report)

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

$ 85,645,660

User fees and other revenue

42,042,952

42,409,361

42,266,363

Senior government transfers

10,376,782

3,434,531

4,862,137

Development revenue

44,958,943

8,155,007

15,787,623

Interest and investment income

2,132,988

3,182,894

4,581,311

Gaming revenues

1,400,000

1,561,090

1,781,613

Refinancing and assets disposal gains (losses)

1,582,750

(807,330)

(1,470,673)

Contributed tangible capital assets

20,000,000

16,725,863

29,727,691

208,202,442

156,390,419

183,181,725

Expenses (segment report) Protective services

41,638,521

38,065,340

37,458,755

Transportation services

21,485,306

19,511,458

19,445,582

Recreation and cultural

22,947,392

19,784,632

18,754,440

Water utility

15,005,613

13,305,309

13,787,153

Sewer utility

12,659,702

10,761,203

11,688,964

General government

18,449,276

15,106,167

15,252,598

Planning, public health and other

6,686,728

5,818,396

6,030,684

138,872,538

122,352,505

122,418,176

69,329,904

34,037,914

60,763,549

Annual surplus

Accumulated surplus - beginning of the year

1,097,939,665

1,063,901,751

1,097,939,665

$ 1,158,703,214

$ 1,167,269,569

$ 1,097,939,665

Accumulated surplus - end of the year

The 2018 Annual Report contains more detailed information on the financial position and results of operations. Copies can be obtained from the FraserValley library, City Hall and online www.mapleridge.ca/163/Annual-Report.

Financial Assets - Assets that could be used to discharge existing liabilities or finance future operations, such as cash receivables and portfolio investments. Net FinancialAssets - The excess of financial assets over liabilities. Non-FinancialAssets - Assets that are acquired, constructed or developed that do not normally provide resources to discharge existing liabilities, but are normally employed to deliver government services or may be consumed in the normal course of operations.

Tangible CapitalAssets - Assets of long-term character that are intended to continue to be held or used, such as land, buildings, machinery, furniture, and other equipment. These assets have a significant value and a useful life of greater than one year. Capital assets are also called fixed assets

Citizen’s Report 2018

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