2024 Annual Report-web FINAL

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

16. R ese r ves 16. R ese r ves

December 31, 2023 December 31, 2023

Interest Allocated Interest Allocated

Contributions/ Transfers Contributions/ Transfers

Use of Reserves Use of Reserves

D ecembe r 3 1 , 2024 D ecembe r 3 1 , 2024 $ 2 ,838,7 25 20 , 4 8 0 , 2 9 1 1 3, 525 , 05 9 $ 2 ,838,7 25 20 , 4 8 0 , 2 9 1 1 3, 525 , 05 9 2 , 204 ,9 66 2 , 204 ,9 66

Statuto ry R ese r ve Funds Local Improvement Equipment Replacement Statuto ry R ese r ve Funds Local Improvement Equipment Replacement Capital Works

$ $

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

68,839 $ - 68,839 $ -

$ - $ -

615,958 1,707,505 (2,946,229) 615,958 1,707,505 (2,946,229) 470,983 (929,284) (6,042,235) 122,737 2,353,765 (6,571,483) 470,983 (929,284) (6,042,235) 122,737 2,353,765 (6,571,483)

Capital Works Fire Department Capital Acquisition Fire Department Capital Acquisition Sanitary Sewer Land Albion Amenity Charges Community Amenity Charges Growing Communities Grant T otal Statuto ry R ese r ve Funds Albion Amenity Charges Community Amenity Charges Growing Communities Grant T otal Statuto ry R ese r ve Funds I nte r nall y R est r icted R ese r ve A ccounts Specific Projects - Capital I nte r nall y R est r icted R ese r ve A ccounts Specific Projects - Capital Specific Projects - Operating Specific Projects - Operating Self Insurance Sanitary Sewer Land

- - - - - -

- -

- - - -

- - - - - -

- -

838,155 838,155

25,058 16,406 25,058 16,406 482,686 482,686

8 6 3, 21 3 7 01 ,93 2 8 6 3, 21 3 7 01 ,93 2 12 , 5 93, 20 9 15 , 8 2 , 154 6 8,789, 54 9 12 , 5 93, 20 9 15 , 5 8 2 , 154 6 8,789, 54 9 9,97 5 , 224 1 3,7 0 9, 516 9,97 5 , 224 1 3,7 0 9, 516 502 ,9 52 12 ,8 52 ,7 06 502 ,9 52 937, 261 1 ,8 2 8,388 6 , 116 , 4 3 2 12 ,8 52 ,7 06 937, 261 1 ,8 2 8,388 6 , 116 , 4 3 2 3,8 54 ,3 46 1 , 1 83, 0 9 4 ,3 65 ,3 51 612 , 111 7 06 , 6 89 3, 44 9, 51 3 5 ,383,933 554 , 65 3 - - 3,8 54 ,3 46 1 , 1 83, 0 9 4 1 ,3 65 ,3 51 612 , 111 7 06 , 6 89 3, 44 9, 51 3 5 ,383,933 554 , 65 3 7,3 44 , 4 89 3, 061 , 0 3 4 10 , 66 7, 1 8 1 3,838,7 1 9 6 , 6 87, 2 98 - - 7,3 44 , 4 89 3, 061 , 0 3 4 10 , 66 7, 1 8 1 3,838,7 1 9 6 , 6 87, 2 98 5 8 1 ,73 2 5 8 1 ,73 2 45 3,8 4 8 41 , 525 1 8 6 , 215 152 , 102 9, 605 , 5 33 12 ,3 24 ,88 4 11 7,97 6 ,7 2 9 45 3,8 4 8 41 , 525 1 8 6 , 215 152 , 102 9, 605 , 5 33 12 ,3 24 ,88 4 11 7,97 6 ,7 2 9

685,526 685,526

352,133 12,337,579 352,133 12,337,579

(96,503) (96,503) (1,847,799)

16,947,267 16,947,267

- -

(1,847,799) 67,983,907 2,154,800 16,155,091 (17,504,249) 67,983,907 2,154,800 16,155,091 (17,504,249)

8,659,659 8,129,567 579,373 13,253,312 8,659,659 8,129,567 579,373 13,253,312 633,256 1,847,729 5,103,980 633,256 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 3,452,013 300,111 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

- - - -

4,529,977 (3,214,412) 10,627,250 (5,047,301) 4,529,977 (3,214,412) 10,627,250 (5,047,301) 45,000 (138,125) 521,999 (1,300,048) 521,999 (1,300,048) 45,000 322,613

16,704 377,443 18,392 16,704 377,443 18,392 153,570 153,570 111,877 33,476 28,530 - - 111,877 33,476 28,530

Self Insurance Police Services Fire Services Core Development Police Services Fire Services Core Development Recycling

(138,125) (37,000) (37,000) (19,234) (300,111) (19,234) (300,111)

322,613 58,020 6,202,112 (6,279,473) 58,020 6,202,112 (6,279,473) 878,116

Recycling Community Safety Initiatives Community Safety Initiatives Building Inspections Building Inspections Gravel Extraction Gravel Extraction Community Works (Gas Tax) Community Works (Gas Tax) Facility Maintenance Facility Maintenance Snow Removal Snow Removal Park & Recreation Improvements Park & Recreation Improvements Landfill Closure Reserve

878,116

- - - -

- - - - - -

118,953 367,173 118,953 367,173 849,928 849,928 244,644 244,644 - -

(6,844) (6,844)

33,116 2,322,992 (2,359,578) 33,116 2,322,992 (2,359,578)

- - - - - - - - - -

(860,080) (860,080) (39,890) 1,457,397 (1,073,464) 1,457,397 (1,073,464) 450,000 (1,127,210) (39,890)

Landfill Closure Reserve Cemetery Maintenance Cemetery Maintenance Infrastructure Sustainability (Town Centre Bldgs) Infrastructure Sustainability (Roads) Infrastructure Sustainability (Drainage) Infrastructure Sustainability (Town Centre Bldgs) Infrastructure Sustainability (Roads) Infrastructure Sustainability (Drainage) Drainage Improvements

450,000 (1,127,210) 219,209 4,616,173 (3,677,993) 103,066 1,158,906 (1,143,074) 307,557 2,000,239 (1,130,303) 219,209 4,616,173 (3,677,993) 103,066 1,158,906 (1,143,074) 307,557 2,000,239 (1,130,303) 1,553,544 (1,166,838) 1,553,544 (1,166,838) 6,688,391 (1,093) - -

Drainage Improvements Gaming Revenues Gaming Revenues In Trust Local Area Service Turf Field Replacement In Trust Local Area Service Turf Field Replacement Other Self Insurance (Sewer) Self Insurance (Water) Specific Projects (Sewer) Specific Projects (Water) T otal R ese r ve A ccounts Other Self Insurance (Sewer) Self Insurance (Water) Specific Projects (Sewer) Specific Projects (Water) T otal R ese r ve A ccounts T otal ese r ves T otal R ese r ves

- - - - - - - -

- - - -

6,688,391 682,418 446,459 152,126 682,418 446,459 152,126 6,500

(1,093) (100,686) (100,686) (3,614) (110,626) (3,614) (110,626) (2,982) (2,982) (8,797,165) - -

11,003 11,003 25

25

179,715 148,580 179,715 148,580 18,402,698 15,527,531 18,402,698 15,527,531

- - - - - - - -

6,500 6,504 6,504

- -

(8,797,165) 1,651,025 (4,853,672)

1,651,025 (4,853,672) 111,395,118 1,471,988 47,900,439 (42,790,816) 111,395,118 1,471,988 47,900,439 (42,790,816) $ 179,379,025 $ 3,626,788 $ 64,055,530 $ (60,295,065) $ 1 8 6 ,7 66 , 2 78 $ 179,379,025 $ 3,626,788 $ 64,055,530 $ (60,295,065) $ 1 8 6 ,7 66 , 2 78

1 7 . P r ope r t y 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: 2024 Budget 2024 2023 Municipal T ax L evies $ 119,703,761 $ 11 9, 225 ,8 1 8 $ 111,141,357 L evies fo r othe r autho r ities School taxes 54,841,850 54 ,788, 642 51,447,179 TransLink 12,720,700 12 ,7 04 ,9 42 10,159,143 British Columbia Assessment 1,620,840 1 , 61 8, 660 1,533,636 Metro Vancouver Regional District 2,603,550 2 , 5 99,9 04 2,306,938 Dyking Districts 389,840 389,83 4 1,030,662 Municipal Finance Authority 9,200 9, 1 8 4 8,915 T otal Collections fo r Othe r s 72,185,980 7 2 , 111 , 166 66,486,473 T otal T ax L evies $ 191,889,741 $ 1 9 1 ,33 6 ,98 4 $ 177,627,830 1 7 . P r ope r t y 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: 2024 Budget 2024 2023 Municipal T ax L evies $ 119,703,761 $ 11 9, 225 ,8 1 8 $ 111,141,357 L evies fo r othe r autho r ities School taxes 54,841,850 54 ,788, 642 51,447,179 TransLink 12,720,700 12 ,7 04 ,9 42 10,159,143 British Columbia Assessment 1,620,840 1 , 61 8, 660 1,533,636 Metro Vancouver Regional District 2,603,550 2 , 5 99,9 04 2,306,938 Dyking Districts 389,840 389,83 4 1,030,662 Municipal Finance Authority 9,200 9, 1 8 4 8,915 T otal Collections fo r Othe r s 72,185,980 7 2 , 111 , 166 66,486,473 T otal T ax L evies $ 191,889,741 $ 1 9 1 ,33 6 ,98 4 $ 177,627,830

City of Maple Ridge - 2024 Annual Report | 65