2024 Annual Report-web FINAL

Consolidated Statement of Change in Net Financial Assets Consolidated Financial Statements ________________________________________________________ Consolidated Financial Statements

For the year ended December 31, 2024

Consolidated Statement o f C h an g e in N et Financial A ssets For the year ended December 31, 2024 Consolidated Statement of Financial P osition as at December 31, 2023 2023

2022 Restated (Note 26)

Budget 2024 Note 21

A ctual 2024

Actual 2023

A nnual Sur p lus Portfolio investments (Note 2) Accounts receivable (Note 4) A dd (L ess ): C h an g e in T an g ible Ca p ital A ssets Acquisition of tangible capital assets Financial Assets Cash and cash equivalents (Note 1) Recoverable local improvements (Note 5) Debt reserve fund (Note 6) Proceeds from disposal of tangible capital assets Loss on disposal of tangible capital assets L iabilities Accounts payable and accrued liabilities (Note 7) Asset retirement obligations (Note 8) C h an g e in O t h er A ssets Increase in supplies inventory Increase in prepaid expenses Deferred revenue (Note 9) Restricted revenue (Note 10) Increase in accumulated remeasurement losses Refundable performance deposits and other Amortization Inventory available for resale

$

61,01 5 , 8 63 $

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

84,136,351 $ 7 5, 979 ,446 $ 23 7 ,003, 4 13

$

58,349,966

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

(259,000,010) 24,593,930

(8 1,300,1 88) 2 9 , 89 1,313 1 9 3,361 1,254,6 9 4 ( 4 9 , 9 60, 8 20 )

(66,040,048) 27,971,733 415,624 1,307,350 (36,345,341)

5 6,169

56,169

33 4 ,300, 8 29

303,286,218

- -

(234,406,080)

- - - - 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

( 114, 997) ( 1,143, 9 46 ) (9 3 7 , 8 45 ) ( 2,1 9 6, 788)

(88,988) (21,103)

(1,313,040) (1,423,131)

Employee future benefits (Note 11)

Debt (Note 12)

I ncrease ( decrease ) in N et Financial A ssets

(150,269,729)

23, 8 21, 8 3 8

20,581,494

N et Financial A ssets be g innin g o f t h e year Net Financial Assets N et Financial A ssets ( Debt ) end o f t h e year Non Financial Assets Tangible capital assets (Note 13, Schedule 1) Undeveloped land bank properties (Note 14)

144,256,096 144,256,0 9 6

123,674,602

1 44 ,2 5 6,096

123,674,602

$

(6,013,633) $ 16 8 ,0 77 , 9 34 $

144,256,096

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

City of Maple Ridge - 2024 Annual Report | 51