2024 Annual Report-web FINAL

Table of Contents

Introductory Section .......................................... 5 Message from the Mayor...................................................6 Message from the Chief Administrative Officer.................7 City Council................................. .......................................8 Organizational Chart.........................................................9 City Snapshot..................................................................10 Report of the Integrity Commissioner............................12 Summary of Services Provided.......................................13 Highlights: Regional and Intergovernmental Relationships..............................................................14 Council Committees, Commissions, and Appointments......................................................15 Volunteering and Community Involvement..................16 Strategic Priorities...........................................................19 Department Overviews.............................................25 Administration ................................................................26 Building Services.............................................................26 Bylaw, Licensing, and Community Safety......................27 Economic Development.................................................27 Engineering .....................................................................28 Engineering Operations..................................................28 Facilities, Parks, and Properties......................................29 Finance............................................................29 Fire and Rescue Services.................................................30 Human Resources...........................................................30 Information Technology........ ................... .......................31 Legislative Services.........................................................31 Planning..................................................................32 Ridge Meadows RCMP and Police Services.....................32 Recreation Services.........................................................33 Strategic Development, Communications, and Community Engagement....................................33 Development Cost Charges Report................................34 Message from the Chief Financial Officer.......................35 Message from the Deputy Director of Finance...............37

Financial Section ............................................... 43 Introduction to Financial Statements...........................44 Management’s Responsibility for Financial Reporting....................................................45 Independent Auditor’s Report........................................46 Consolidated Statement of Financial Position..............48 Consolidated Statement of Operations..........................49 Consolidated Statement of Remeasurement Gains and Losses............................50 Consolidated Statement of Change in Net Financial Assets....................................................51 Consolidated Statement of Cash Flow............................52 Summary of Significant Accounting Policies.................53 Notes to the Consolidated Financial Statements...........58 Consolidated Report of Segmented Revenue and Expenses..............................................................70 Schedule 1: Tangible Capital Assets...............................72 Schedule 2: Growing Communities Grant (Unaudited)..................................................................75 Statistical Section.....................................77 General Comparative Statistics......................................78 Permissive Tax Exemptions.............................................81 Major Property Tax Payers ..............................................83 Assessment and Taxation Comparative Statistics.........84 Property Tax Rates and Assessments.............................85 Revenue and Expenses....................................................86 Tangible Capital Assets Acquired....................................87 Glossary.............................................................88