2023 Annual Report

Consolidated Statement of Remeasurement Gains and Losses Consolidated Financial Statements ________________________________________________________ Consolidated Financial Statements

For the year ended December 31, 2023

Consolidated Statement o f R emeas ur ement G ains and Losses For the year ended December 31, 2023 Consolidated Statement of Financial P osition as at December 31, 2023 2023

2022 Restated (Note 26)

Act u al 2023

Actual 2022

Acc u m u lated r emeas ur ement gains ( losses ) at beginning o f yea r Un r eali z ed gains ( losses ) att r ib u table to : Portfolio investments Financial Assets Cash and cash equivalents (Note 1) Portfolio investments (Note 2) Accounts receivable (Note 4) Recoverable local improvements (Note 5) Debt reserve fund (Note 6)

$

-

$

-

$

61,01 5 , 8 63 $

22,933,056 253,251,692 25,283,520 614,913 1,146,868

23 7 ,003, 4 13 3 4 , 5 30,0 48 5 12, 8 2 7 1,1 8 2, 5 09

( 1,313,0 4 0 )

-

Inventory available for resale

5 6,169

56,169

Net r emeas ur ement gains and ( losses ) at end o f yea r

$ ( 1,313,0 4 0 ) $

-

33 4 ,300, 8 29

303,286,218

L iabilities Accounts payable and accrued liabilities (Note 7) Asset retirement obligations (Note 8)

36,6 85 ,123 19,6 7 0,9 4 3 20,3 47 , 77 1 4 0,91 8 ,19 7 30,9 4 2,91 5 2, 7 1 8 ,600 3 8 , 7 61,1 84 190,0 44 , 7 33

29,111,044 18,883,504 19,475,845 38,878,746 27,470,091 2,861,700 42,930,686 179,611,616

Deferred revenue (Note 9) Restricted revenue (Note 10)

Refundable performance deposits and other Employee future benefits (Note 11)

Debt (Note 12)

The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement. Net Financial Assets 1 44 ,2 5 6,096 123,674,602

Non Financial Assets Tangible capital assets (Note 13, Schedule 1) Undeveloped land bank properties (Note 14)

1,21 4 ,3 8 9,129 1 5 , 5 26, 5 29

1,178,043,788 15,526,529

Supplies inventory Prepaid expenses

699, 85 9 1, 477 ,293

610,871 1,456,190

1,232,092, 8 10

1,195,637,378

Accumulated Surplus (Note 15)

$

1,3 7 6,3 48 ,906 $

1,319,311,980

Accumulated surplus is comprised of : Accumulated operating surplus

1,3 77 ,661,9 4 6

1,319,311,980

Accumulated remeasurement gains ( losses)

( 1,313,0 4 0)

-

1,3 7 6,3 48 ,906

1,319,311,980

Scott Hartman

Trevor Thompson, BBA, CPA, CGA

Chief Administrative Officer

Director of Finance

The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement.

48 | City of Maple Ridge - 2023 Annual Report