2025 Annual Report-final June 4

FINANCIAL STATEMENTS

Consolidated Financial Statements Notes to the Consolidated Financial Statements (continued) 13. T an g i b le Capital A ssets ( cont ' d ) During the year there were no write-downs of assets ( 2024 - $Nil). During the year, the fair value of roads and related infrastructure, underground networks and land contributed to the City totaled $ 14 , 346 , 718 ($29,238,508 for 2024 ) and was capitalized and recorded as revenue at the time of recognition. Natural assets, works of art, artifacts, cultural and historic assets are not recorded as assets in these financial statements. The City controls various works of art and historical treasures including artifacts, paintings, sculptures and mosaics located at City sites and public display areas. 14. U ndeveloped L and B ank The City owns property in various areas identified for future growth in the Official Community Plan. These properties are not currently used in the provision of service to the citizens of Maple Ridge. The properties represent a strategic, non-renewable resource available for the advancement of Council's strategic plan. 1 5 . A ccumulated Surplus Accumulated Surplus is comprised of operating surpluses, equity in tangible capital assets held in the general, sewer and water funds as well as reserves, offset by obligations that will be settled from future revenues. Accumulated surplus for 2025 is $ 1 , 4 9 0 , 4 5 1 , 632 (2024 - $1,451,390,507) . The composition of accumulated surplus is as follows: 202 5 2024 Operating surplus General $ 3 , 71 5, 8 9 4 $ 6,446,588 Sewer 22 , 46 5, 268 22,697,830 Water 16 ,5 22 , 707 16,932,706 42 , 703 , 86 9 46,077,124 Equity in tangible capital assets General 9 7 5, 316 , 8 55 965,174,158 Sewer 16 5, 84 5,5 21 159,167,851 Water 1 5 8 , 726 , 832 155,945,182 1 , 2 99, 88 9, 208 1,280,287,191 Reserves (Note 16) Statutory 70 ,9 61 , 3 5 2 68,789,549 Internally restricted 12 5, 206 , 736 117,976,729 1 9 6 , 168 , 088 186,766,278 Obligations to be funded by future revenues Debt (30 , 046 , 880) (34,467,441) Employee future benefits (2 , 4 9 4 ,5 00) (2,761,600) Asset retirement obligations (1 9, 378 ,9 63) (22,260,160) ( 5 1 ,9 20 , 343) (59,489,201) Accumulated Remeasurement Gain (loss) 3 , 610 , 810 (2,250,885) Accumulated Surplus $ 1 , 4 9 0 , 4 5 1 , 632 $ 1,451,390,507

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