2023 Annual Report

Consolidated Financial Statements Notes to the Consolidated Financial Statements

18. G ove r nment Tr ansfe r s Government transfers recognized as revenues during the year were comprised of the following: 2023

2022 Total

Capital

O pe r ating

T otal

$

505,321 $

681,164 $ 1,186,485 $

919,955 2,757,439 3,631,375

Federal Government Provincial Government

341,921 3,805,551 347,295

18,054,265 1,927,411

18,396,186 5,732,962

TransLink

4,645

351,940

16,436

Other Total

$ 5,000,088 $ 20,667,485 $ 25,667,573 $

7,325,205

19. Tr ust Funds Certain assets have been conveyed or assigned to the City to be administered as directed by an agreement or statute. The City holds the assets for the benefit of, and stands in a fiduciary relationship, to the beneficiary. The following trusts are excluded from the City's consolidated financial statements:

Balance Dec 31, 2022

Interest Earned

Balance Dec 31, 2023

Receipts

Disbursements

Latecomer Fees

$

773,261 $

-

$ 366,843 $

(119,092) $ 1,021,012

Cemetery Perpetual Care

1,498,368

3,806

75,914

(3,806)

1,574,282

Metro Vancouver Sewer & Drainage District Metro Vancouver Water District

2,116,008

- - - - - -

3,065,552

(2,365,277)

2,816,283

-

26,096

-

26,096

TransLink

690,943 26,100 1,580,896 2,707,008

1,282,837

(866,279) (26,100) (27,794) (23,207)

1,107,501

School Site Acquisition Fees Road 13 Dyking District Albion Dyking District

-

-

190,094 328,872

1,743,196 3,012,673

$ 9,392,584 $

3,806 $ 5,336,208 $ (3,431,555) $ 11,301,043

20. E xpenses and E xpenditu r es by O bject

Capital Acquisitions

Operations

2023 Total

2023 Budget

2022 Total

Goods and services Wages and salaries

$ 83,417,455 $ 50,712,701 $ 134,130,156 $ 291,519,443 $ 108,900,315

61,284,312 1,592,477

887,289 62,171,601 63,690,373 55,325,432

Interest

-

1,592,477

1,640,040

1,703,145

Total

146,294,244 51,599,990 197,894,234 356,849,856 165,928,892

Amortization expense Accretion expense Contributed tangible capital assets Total Expenses and Expenditures

27,971,733

- -

27,971,733 24,593,930 26,486,964

787,439

-

-

755,923

-

14,440,058 14,440,058 20,000,000 17,560,027

$ 175,053,416 $ 66,040,048 $ 240,306,025 $ 401,443,786 $ 210,731,806

City of Maple Ridge - 2023 Annual Report | 63