2021 Annual Report

Tel: 604 688 5421 Fax: 604 688 5132 vancouver@bdo.ca www.bdo.ca Tel: 604 688 5421 Fax: 604 688 5132 vancouver@bdo.ca www.bdo.ca

Independent Auditor’s Report Independent Auditor’s Report BDO Canada LLP Unit 1100 – Royal Centre 1055 West Georgia Street Vancouver BC V6E 3P3 Canada Independent Auditor’s Report BDO Canada LLP Unit 1100 – Royal Centre 1055 West Georgia Street Vancouver BC V6E 3P3 Canada BDO Canada LLP Unit 1100 – Royal Centre 1055 West Georgia Street Vancouver BC V6E 3P3 Canada

Tel: 604 688 5421 Fax: 604 688 5132 vancouver@bdo.ca www.bdo.ca

To the Mayor and Council of the City of Maple Ridge

To the Mayor and Council of the City of Maple Ridge To the Mayor and Council of the City of Maple Ridge Opinion We ave audited the consolidat d financial statements of the City of Maple Ridge (the “City”), which comprise the Consolidated Statement of Financial Position as at December 31, 2021, the Consolidated St tements of Op rations, Changes in Net Financial Assets and Cash Flows for the year then ended, and notes and sch ules, comprising a summ ry of significant accounting policies and oth r explanatory informati n. In our opinion, th a companying consolidated fi an i l statements present f irly, in all m terial respects, the financial position of the City as at December 31, 2021 and its results of operations, changes in net f ancial assets, and cash flows or the year the ended in accordanc wi h Canadia public sector ac n ing standards. Basis for Opinion We conducted ou audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the City in accordance with the ethical requirements that are relevant to our audit of the consolidated financial statements in Ca ada, and we have fulfilled our other ethical responsibilities in accordance wit these requirements. We believe that the audit evidence we have obtained is suffici nt and appropriate to provi e a basis for our opinion. Emphasis of Matter – Restated Comparative Information We draw attention to Note 24 of the consolidated financial statements, which explains that certain comparative information presented for the year ended December 31, 2020 has been restated. Our opinion is not modified in respect of the matter. Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with Canadian public sector accounting standards, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated financial statements, management is responsible for assessing the City’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the City or to cease operations, or has no realistic alternative but to do so. Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements Our objectives are to obtain reasonable assurance about whe r the consolidated financial stat ments as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted i accord nce with Canadian generally acc pted au iting standards will alway detect a mat rial misstatement when it xists. Misstatements can aris from fraud or rror and are considered mat rial if, individually r in the aggregate, they could reasonably be expected to influence the economic decisions of use s taken on the basis of these consolidated financial statements. Opinion We have audited the consolidated financial statements of the City of Maple Ridge (the “City”), which comprise the Consolidated Statement of Financial Position as at December 31, 2021, the Consolidated Statements of Operations, Changes in Net Financial Assets and Cash Flows for the year then ended, and notes and schedules, comprising a summary of significant accounting policies and other explanatory information. In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the City as at December 31, 2021 and its results of operations, changes in net financial assets, and cash flows or the year then ended in accordance with Canadian public sector accounting standards. Basis for Opinion We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the City in accordance with the ethical requirements that are relevant to our audit of the consolidated financial statements in Canada, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Emphasis of Matter – Restated Comparative Information We draw attention to Note 24 of the consolidated financial statements, which explains that certain comparative information presented for the year ended December 31, 2020 has been restated. Our opinion is not modified in respect of the matter. Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with Canadian public sector accounting standards, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated financial statements, management is responsible for assessing the City’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the City or to cease operations, or has no realistic alternative but to do so. Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Canadian generally accepted auditing standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements. Opinion We have audited the consolidat d financial st tements of the City of Maple Ridge ( “City”), which co prise the Consolidated Statement of Financial Positio as t Decembe 31, 2021, the Consolid ted Statements of Operations, Change in Net Financial Assets nd Cash Flows for the year then ended, and notes and schedules, comprising a summary of significant accounting policies and other explanatory information. In our opin on, the accompanying consolidat d financial statements present airly, in all m terial r spects, the financi l position f the City as t December 31, 2021 and its results of operations, changes in net financial as ets, and cash flows or the year then ended in accordance with Canadian public sector accounting standards. Basis for Opinion We conducted our audit in accordance with Canadian gen rally accept d auditing tandards. Our responsibilities under those standards are further described in the Auditor’s Res o sibilities for the Audit of the Consolidated F n ncial Statements section of our rep rt. We are independent of the City in accordance with the ethical requirements that ar r levant to our audi of the nsolidated financial stat ts in Canada, and we ave fulfille our oth r ethical responsibilities in accord nce with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Emphasis of Matter – Restated Comparative Information We draw attention to Note 24 of the consolidate financial statements, w ich explains that certain comparative information presented for the year ended December 31, 2020 has been restated. Our opinion is not modified in respect of the matter. R spo sibilities of Management and Those Charged with Governance for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with Canadian public sector accounting standards, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. In preparing the consolidated financial statements, management is responsible for assessing the City’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the City or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the City’s financial reporting process. Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Canadian generally accepted auditing standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements. Those charged with governance are responsible for overseei g the City’s financial reporting process. BDO Canada LLP, a Canadian limited liability partnership, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. Those charged with governance are responsible for overseeing the City’s financial reporting process. BDO Canada LLP, a Canadian limited liability partnership, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO Canada LLP, a Canadian limited liability partnership, is a member of BDO International Limited, a UK company limited by

City of Maple Ridge - 2021 Annual Report 37