2020 Citizens Report

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at December 31, 2020 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.

2019

2020

Financial Assets

Cash and cash equivalents

$ 63,790,576

$ 130,961,876

Portfolio investments

164,538,143

90,320,234

Accounts receivable

17,657,538

15,032,584

Recoverable local improvments

1,693,971

1,175,712

Other assets

797,977

814,397

Inventory available for resale

56,169

56,169

248,534,374

238,360,972

Liabilities Accounts payable and accrued liabilities

31,126,120

23,613,524

Deferred revenue

16,801,812

15,286,398

Restricted revenue

36,581,674

30,738,864

Refundable performance deposits and other

23,625,735

20,473,999

Employee future benefits

3,999,000

3,348,200

Long term debt

23,291,350 135,425,691

20,676,495 114,137,480

113,108,683

Net Financial Assets

124,223,492

Non Financial Assets Tangible capital assets

1,079,740,901

1,122,447,588

Undeveloped landbank properties

15,526,529

15,526,529

Supplies inventory

317,502

461,953

Prepaid expenses

665,550

853,216

1,096,250,482

1,139,289,286

$ 1,209,359,165

Accumulated Surplus

$ 1,263,512,778

Reporting Entity and Basis of Consolidation These financial statements have been prepared in accordance with Canadian Public SectorAccounting Standards using guidelines developed by the Canadian Public Sector Accounting 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. Glossary Amortization - The cost of using an asset over time.

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. Financial Assets - 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