2020 Annual Report

Schedule 3

Schedule of Change in Reserves

Schedule of Change in Reserves For the year ended December 31, 2020

Schedule 3

For the year ended December 31, 2020

Actual 2020

Actual 2019

Budget 2020

Revenue and Transfers Revenue

$ 1,559,217 $

Interest and investment income

545,016 $ 1,618,102

Add (less) Internal transfers

36,039,185 (14,068,906)

Transfers from revenue funds Transfers to capital funds

5,313,949

34,223,273 (34,198,741)

(59,733,203)

23,529,496

(53,874,238)

1,642,634

Increase (decrease) in Reserved Accumulated Surplus

105,876,684

105,876,684

104,234,050

Reserved Accumulated Surplus - Beginning of the Year

$ 129,406,180 $ 52,002,446 $ 105,876,684

Reserved Accumulated Surplus - End of Year (Note 14)

62 City of Maple Ridge - 2020 Annual Report