2023 Annual Report

Consolidated Financial Statements Notes to the Consolidated Financial Statements

16. R ese r ves

December 31, 2022

Interest Allocated

Contributions/ Transfers

Use of Reserves

December 31, 2023

R ese r ve Funds Local Improvement

$

2,710,564 $

59,322 $ -

$ -

$

2,769,886 21,103,057 20,025,595 6,299,947

Equipment Replacement

21,186,963 18,090,569 5,037,881 1,200,270

604,685 2,954,524 (3,643,115)

Capital Works

502,330 1,883,558 170,783 1,122,480

(450,862) (31,197) (1,202,571)

Fire Department Capital Acquisition

Sanitary Sewer

2,301 22,014

-

-

Land

789,037

27,104

- -

838,155

Growing Communities Grant T otal R ese r ve Funds R ese r ve A ccounts Specific Projects - Capital Specific Projects - Operating

-

361,267 16,586,000

16,947,267 67,983,907 8,659,659 8,129,567 579,373 13,253,312 633,256 1,847,729 5,103,980 300,111 3,742,469 1,037,509 969,648 615,581 706,689 3,459,665 5,000,000 349,899 677,210 6,187,100 2,942,136 9,489,688 3,452,013 179,715 148,580 18,402,698 15,527,531 111,395,118

49,015,284 1,722,702 22,573,666 (5,327,745)

15,365,542 8,800,537 11,229,135 446,670 1,439,668 4,429,895 583,938 3,642,470 985,973 1,274,283 518,537 706,689 3,387,538 403,513 234,669 5,454,514 3,654,404 7,615,951 3,064,076 178,444 152,214 16,598,499 17,028,408 - 644,567

- -

971,809 (7,677,692) 3,670,913 (4,341,883)

Self Insurance Police Services Fire Services Core Development

17,697

45,000

(127,891) (284,723) (122,211) (67,960) (283,827)

374,821 1,934,079

16,297

292,500

45,577 5,952,556 (5,590,072)

Recycling

124,030

618,015

Community Safety Initiatives

-

- -

Building Inspections Gravel Extraction

99,999 28,828 33,726

-

28,805 329,364

(6,097)

Community Works (Gas Tax)

(667,725)

Facility Maintenance

23,039 2,140,000 (2,065,995)

Snow Removal

- - - - -

-

-

Park & Recreation Improvements

2,370,404 (2,298,277)

Landfill Closure Reserve Cemetery Maintenance

5,000,000

-

66,399

(120,013)

Infrastructure Sustainability (Town Centre Bldgs) Infrastructure Sustainability (Roads) Infrastructure Sustainability (Drainage)

1,626,000 (1,183,459)

194,574 4,521,284 (3,983,272) 111,430 1,050,884 (1,874,582)

Drainage Improvements Gaming Revenues Self Insurance (Sewer) Self Insurance (Water) Specific Projects (Sewer) Specific Projects (Water) T otal R ese r ve A ccounts

239,229 2,000,239

(365,731)

- - - - -

1,634,609 (1,246,672)

6,504 6,504

(5,233) (10,138)

3,266,102 (1,461,903) 8,623,204 (10,124,081)

107,840,134 1,309,247 46,155,174 (43,909,437)

T otal R ese r ves

$ 156,855,418 $ 3,031,949 $ 68,728,840 $ (49,237,182) $ 179,379,025

1 7 . P r ope r ty T ax L evies In addition to its own tax levies, the City is required to collect taxes on behalf of various other taxing authorities. These include the provincial government for local school taxes, incorporated dyking districts located within the City and organizations providing regional services in which the City has become a member. Taxes levied for other agencies are not included in City revenues. Total tax levies were comprised as follows: 2023 Budget 202 3 2022 Municipal T ax L evies $ 111,038,735 $ 111 , 1 4 1 ,357 $ 104,187,540 L evies fo r othe r autho r ities School taxes 51,511,538 5 1 ,447, 1 79 46,999,301 TransLink 10,158,261 10 , 1 59, 1 43 9,441,526 British Columbia Assessment 1,533,975 1 ,533, 6 3 6 1,420,328 Metro Vancouver Regional District 2,306,035 2 ,3 06 ,938 2,061,483 Dyking Districts 971,698 1 , 0 3 0 , 662 1,144,538 Municipal Finance Authority 8,915 8,9 1 5 7,879 T otal Collections fo r Othe r s 66,490,422 66 ,48 6 ,473 61,075,055 T otal T ax L evies $ 177,529,157 $ 1 77, 62 7,83 0 $ 165,262,595

62 | City of Maple Ridge - 2023 Annual Report