2025 Annual Report-final June 4

FINANCIAL STATEMENTS

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

For the year ended December 31, 2025

Consolidated Statement o f C h an g e in N et Financial A ssets For the year ended December 31, 2025 Consolidated Statement of Financial P osition as at December 31, 2023 2023

2022 Restated (Note 26)

Budget 2025 Note 21

A ctual 2025

Actual 2024

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)

$ $

61,01 5 , 8 63 $

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

60,789,651 $ 23 7 ,003, 4 13 3 4 , 5 30,0 48

33,199,430 $

75,979,446

5 12, 8 2 7 1,1 8 2, 5 09

(241,255,306) 30,808,007

( 53,972,339 ) 30,785,559 482,095 3,008,184 ( 19, 6 9 6 ,501 )

(81,300,188) 29,891,313 193,361 1,254,694 (49,960,820)

Amortization Inventory available for resale

5 6,169

56,169

33 4 ,300, 8 29

303,286,218

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) Change in accumulated remeasurement gains (losses) Refundable performance deposits and other

- -

(210,447,299)

- - - - 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

19,447 6 30, 66 9 5,8 6 1, 6 95 6 ,511,811

(114,997) (1,143,946) (937,845) (2,196,788)

Employee future benefits (Note 11)

Debt (Note 12)

I ncrease ( decrease ) in N et Financial A ssets

(149,657,648)

20,014,740

23,821,838

N et Financial A ssets, be g innin g o f t h e year

168,077,934 1 6 8,077,934

144,256,096

Net Financial Assets

1 44 ,2 5 6,096

123,674,602

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

$

18,420,286 $ 188,092, 6 74 $

168,077,934

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 - 2025 Annual Report | 51