2025 Annual Report-final June 4

FINANCIAL STATEMENTS

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

16. R ese r ves

December 31, 2024

Interest Allocated

Contributions/ Transfers

Use of Reserves

D ecembe r 3 1 , 2025

Statuto ry R ese r ve Funds Local Improvement Equipment Replacement

$

2,838,725 $

72,005 $ -

$ -

$ 2 , 910 ,73 0

20,480,291 13,525,059 2,204,966

589,569 1,727,073 (3,497,146)

19 , 299 ,787 12 , 564 , 914 4 , 65 3, 659

Capital Works

374,332

-

(1,334,477) (205,529)

Fire Department Capital Acquisition

107,675 2,546,547

Land

863,213 701,932

25,016 23,784

-

- -

888, 229 90 8, 616

Albion Amenity Charges Community Amenity Charges Growing Communities Grant T otal Statuto ry R ese r ve Funds

182,900

12,593,209 15,582,154

388,272 1,530,901

(150,896) (656,350)

14 ,3 61 , 4 8 6 15 ,373, 9 3 1 7 0 , 961 ,3 52 10 , 6 7 5 , 0 7 0 12 ,337,3 9 8 8 10 , 0 78 1 ,3 2 3, 1 3 0 5 ,73 9 , 9 8 2 3, 966 , 006 1 ,3 1 7,3 00 1 ,77 2 ,8 44 1 , 14 8, 4 8 5 7 06 , 6 8 9 3, 90 7,8 9 3 1 ,7 44 , 104 614 , 92 3 4 , 622 , 022 6 , 4 7 5 , 5 8 1 10 , 2 87,7 2 8 3,7 62 , 9 7 1 7,837,8 04 3 94 , 990 12 , 642 ,8 02 -

448,127

-

68,789,549 2,028,780 5,987,421 (5,844,398)

I nte r nall y R est r icted R ese r ve A ccounts Specific Projects - Capital

9,975,224 13,709,516 12,852,706 937,261 1,828,388 6,116,432 3,854,346 1,183,094 1,365,351 612,111 706,689 3,449,513 5,383,933 554,653 7,344,489 3,061,034 10,667,181 3,838,719 6,687,298 581,732 453,848 41,525 186,215 152,102 9,605,533 12,324,884 - 502,952

- -

5,800,186 (5,100,340) 5,397,530 (6,769,648)

Specific Projects - Operating

Self Insurance Police Services Fire Services Core Development Building Inspections Gravel Extraction Recycling

14,091

45,000

(167,053)

336,597 2,584,770 (3,131,271)

25,242

-

(152,425)

61,665 6,046,341 (6,613,264)

164,715 111,660 36,894 41,648

- -

(541,165)

-

104,055 357,616

(6,743) 8,229

Community Works (Gas Tax)

Facility Maintenance

32,431 2,607,625 (2,103,682)

Snow Removal

- - - - -

-

-

Park & Recreation Improvements

1,200,116

(741,736) (3,639,829)

Landfill Closure Reserve Cemetery Maintenance

-

60,270 839,303

-

Infrastructure Sustainability (Town Centre Bldgs) Infrastructure Sustainability (Roads) Infrastructure Sustainability (Drainage)

(839,303)

189,898 1,971,479 (4,883,844) 128,292 5,016,754 (1,730,499) 323,902 2,000,239 (2,703,594)

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

-

1,397,419 (1,473,167)

- -

1,150,506 109,888 119,997

-

(111,775) (40,895)

5 7 9 ,8 45 54 7, 09 8 8 6 , 6 3 0 192 ,7 15 152 ,8 55

14,148

27

45,078 6,500 6,504

-

- - - -

-

(5,751)

7,952,841 (4,336,641) 7,985,633 (1,972,457)

1 3, 221 ,733 1 8,338, 060 125 , 206 ,73 6

117,976,729 1,481,210 52,805,650 (47,056,853)

T otal R ese r ves

$ 186,766,278 $ 3,509,990 $ 58,793,071 $ (52,901,251) $ 196 , 16 8, 0 88

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: 2025 Budget 2025 2024 Municipal T ax L evies $ 127,542,066 $ 12 7,3 96 ,3 99 $ 119,225,818 L evies fo r othe r autho r ities School taxes 57,969,000 5 7,8 54 , 011 54,788,642 TransLink 15,004,397 14 , 9 8 1 ,78 9 12,704,942 British Columbia Assessment 1,707,844 1 ,7 05 ,3 62 1,618,660 Metro Vancouver Regional District 2,767,184 2 , 5 7 9 , 945 2,599,904 Dyking Districts 430,346 4 3 0 ,3 4 3 389,834 Municipal Finance Authority 9,394 9 ,38 1 9,184 T otal Collections fo r Othe r s 77,888,165 77, 560 ,83 1 72,111,166 T otal T ax L evies $ 205,430,231 $ 204 , 95 7, 2 3 0 $ 191,336,984

City of Maple Ridge - 2025 Annual Report | 65