2021 Citizens Report

CONSOLIDATED STATEMENT OF FINANCIAL POSITION As at December 31, 2021 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.

restated 2020

2021

Financial Assets

Cash and cash equivalents

$130,961,876

$116,531,792

Portfolio investments

90,320,234

150,882,727

Accounts receivable

15,032,584

16,238,012

Recoverable local improvements

1,175,712

772,641

Other assets

814,397

1,121,812

Inventory available for resale

56,169

56,169

238,360,972

285,603,153

Liabilities Accounts payable and accrued liabilities

28,047,896

32,035,516

Deferred revenue

15,286,398

18,065,700

Restricted revenue

30,738,864

38,083,113

Refundable performance deposits and other

20,473,999

25,945,403

Employee future benefits

3,348,200

3,145,300

Debt

20,676,495

46,975,903

118,571,852

164,250,935

119,789,120

Net Financial Assets

121,352,218

Non Financial Assets Tangible capital assets

1,122,447,588

1,154,325,050

Undeveloped landbank properties

15,526,529

15,526,529

Supplies inventory

461,953

533,617

Prepaid expenses

853,216

1,003,351

1,139,289,286

1,171,388,547

$1,259,078,406

Accumulated Surplus

$1,292,740,765

Reporting Entity and Basis of Consolidation These financial statements have been prepared in accordance with Canadian Public Sector Accounting Standards using guidelines developed by the Public Sector Accounting Board of the Chartered Professional Accountants 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 as Annual Surplus, if negative, it is referred to as Annual Deficit. Annual Surplus/Deficit - The difference between annual revenues and annual expenses. If positive it is referred to as Annual Surplus, if negative, it is referred to as Annual Deficit.

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.

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