Annual Report 2022

as at December 31, 2022 Consolidated Statement of Financial Position Consolidated Financial Statements Consolidated Statement of Financial Position as at December 31, 2022 2022 2021 Financial Assets Cash and cash equivalents (Note 1) $ 22,933,056 $ 116,531,792 Portfolio investments (Note 2) 253,251,692 150,882,727 Accounts receivable (Note 3) 25,283,520 16,238,012 Recoverable local improvements (Note 4) 614,913 772,641 Other assets (Note 5) 1,146,868 1,121,812 Inventory available for resale 56,169 56,169 303,286,218 285,603,153 Liabilities Accounts payable and accrued liabilities (Note 6) 32,565,424 32,035,516 Deferred revenue (Note 8) 19,475,845 18,065,700 Restricted revenue (Note 9) 38,878,746 38,083,113 Refundable performance deposits and other 27,470,091 25,945,403 Employee future benefits (Note 10) 2,861,700 3,145,300 Debt (Note 11) 42,930,686 46,975,903 164,182,492 164,250,935 Net Financial Assets 139,103,726 121,352,218 Non Financial Assets Tangible capital assets (Note 12, Schedule 1) 1,177,844,681 1,154,325,050 Undeveloped land bank properties (Note 13) 15,526,529 15,526,529 Supplies inventory 610,871 533,617 Prepaid expenses 1,456,190 1,003,351 1,195,438,271 1,171,388,547 Accumulated Surplus (Note 14) $ 1,334,541,997 $ 1,292,740,765

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.

40 City of Maple Ridge - 2022 Annual Report