2025 Annual Report-final June 4

FINANCIAL STATEMENTS

Consolidated Financial Statements

Notes to the Consolidated Financial Statements (continued)

18. G ove r nment Tr ans f e r s Government transfers recognized as revenues during the year were comprised of the following: 2025

2024 Total

Capital

O pe r ating

T otal

Federal Government Provincial Government

$

250,647 $

1,908,666 $ 1,374,746 1,522,519

2,159,313 $ 1,620,609 5,199,127

5,792,049 2,957,145 3,123,986 149,912

245,863 3,676,608 231,488

TransLink

Other Total

70,011

301,499

$

4,404,606 $

4,875,942 $

9,280,548 $ 12,023,092

In 2024 the City entered into an agreement with Lu'ma Native BCH Housing Society for the provision of funding in support of City efforts to reduce homelessness in the community. In 2025 the City received $764,564 toward this work ($407,437 for 2024). 19. Tr ust Funds Certain assets have been conveyed or assigned to the City to be administered as directed by an agreement or statute. The City holds the assets for the benefit of, and stands in a fiduciary relationship, to the beneficiary. The following trusts are excluded from the City's consolidated financial statements: Balance Dec 31, 2024 Interest Earned Receipts Disbursements

Balance D ec 31, 2025

Latecomer Fees

$ 924,438 $ -

$ 457,011 $ (1,275,088) $ 106,361

Cemetery Perpetual Care Metro Vancouver Sewer & Drainage District Metro Vancouver Water District

1,664,126

3,018

70,314

(3,018)

1,734,440

3,230,558 591,459 1,094,052 1,742,364 3,012,673

- - - - -

4,059,282 4,155,804 1,820,580

(3,528,446) (1,781,807) (1,503,891)

3,761,394 2,965,456 1,410,741 1,725,317 2,966,939

TransLink

Road 13 Dyking District Albion Dyking District

17

(17,064) (45,734)

-

$ 12,259,670 $

3,018 $ 10,563,008 $ (8,155,048) $ 14,670,648

20. E xpenses and E xpenditu r es by O bject Operations

Capital Acquisitions

2025 T otal

2025 Budget

2024 Total

Goods and services Wages and salaries

$ 100,335,205 $ 37,458,833 $ 137,794,038 $ 333,275,582 $ 145,097,258 2,166,788 77,477,555 76,008,356 68,234,298

75,310,767 1,225,231

Interest

-

1,225,231

1,712,610

1,398,107

Total

176,871,203 39,625,621 216,496,824 410,996,548 214,729,663

Amortization expense Accretion expense Contributed tangible capital assets Total Expenses and Expenditures

30,785,559

- -

30,785,559 30,808,007 29,891,313

763,486

763,486

-

820,278

-

14,346,718 14,346,718 20,000,000 29,238,508

$ 208,420,248 $ 53,972,339 $ 262,392,587 $ 461,804,555 $ 274,679,762

66 | City of Maple Ridge - 2025 Annual Report