2024 Annual Report-web FINAL

Consolidated Financial Statements Notes to the Consolidated Financial Statements (continued)

12. D e b t ( cont ' d ) The gross amount of debt less sinking fund installments and actuarial adjustments to date are as follows:

M F A I ssue

By law N o . P urpose

R ate

D ue

G ross D e b t

Cumulative P a y ments

2024 D e b t O utstanding

2023 D e b t O utstanding 7,386,340 3,224,905 200,038 1,021,575 470,462 4,886,847 3,282,546 6,565,092 7,971,897 1,875,741

93 99

6246 6246

Downtown Civic Facilities Downtown Office Complex

5.70% 2027 $ 32,100,000 $ 26,483,852 $

5,616,148 $ 2,149,845 151,320 963,048 443,509 4,311,343 3,170,122 6,340,243 7,698,867 1,811,498 1,811,498

5.00% 2026 2.90% 2027 2.90% 2037 2.90% 2037 2.41% 2031 2.41% 2046 2.41% 2046 2.41% 2046 2.41% 2046 2.41% 2046

16,300,000 625,000 1,520,000 700,000 6,000,000 3,500,000 7,000,000 8,500,000 2,000,000 2,000,000

14,150,155

121 6560 121 6559 121 6679 153 6558 153 7370 153 7371 153 7372 153 7374 153 7376

Animal Shelter

473,680 556,952 256,491

Cemetery Expansion Cemetery Expansion Leisure Ctr. Reno Synthetic Field Fire Hall #4

1,688,657 329,878 659,757 801,133 188,502 188,502

Albion Community Ctr. Hammond Community Ctr. MRSS Track Facility

1,875,741 $ 80,245,000 $ 45,777,559 $ 34,467,441 $ 38,761,184

The following debenture debt amounts plus projected Sinking Fund earnings are payable over the next five years and thereafter are as follows: Debt Payments 2025 $ 3,697,744 2026 3,749,136 2027 3,254,597 2028 1,296,637 2029 1,296,637 Thereafter 13,381,590 Actuarial earnings 7,791,100 $ 34,467,441 The City has the following authorized but unissued financing available as at December 31, 2024: L/A Bylaw L/A Amount #6560 $ 275,000 #6679 1,100,000 #7373 1,000,000 #7374 500,000 #7375 1,000,000 #7376 500,000 #7377 23,500,000 T otal $ 27,875,000

13. T angi b le Capital A ssets

N et b ook value 2024

2023

Land

$

323,804,789 $

306,753,546 82,336,113 229,384,728 225,718,705 23,536,932 6,553,771 150,394,624 145,474,872 44,235,838

Buildings

81,432,093 239,260,633 233,476,004 25,750,989 6,950,807 150,884,868 156,867,675 45,922,091

Transportation network Storm sewer system Fleet and equipment

Technology Water system

Sanitary sewer system

Other

$ 1,214,389,129 For additional information, see the Schedule of Tangible Capital Assets (Schedule 1) 1,264,349,949 $

City of Maple Ridge - 2024 Annual Report | 63