Annual Report 2022

Consolidated Statement of Change in Net Financial Assets For the year ended December 31, 2022 Consolidated Financial Statements __________________________________________________ Consolidated Statement of Change in Net Financial Assets For the year ended December 31, 2022

Actual 2022

Budget 2022 Note 19

Actual 2021

Annual Surplus

$ 57,452,783 $ 41,801,232 $ 33,662,359

Add (Less): Change in Tangible Capital Assets Acquisition of tangible capital assets

(50,169,026) 26,466,120

(187,741,339) 24,593,930

(57,444,676) 23,863,066 139,110 1,565,038 (31,877,462)

Amortization

34,149 149,126

Proceeds from disposal of tangible capital assets Loss on disposal of tangible capital assets

- -

(23,519,631)

(163,147,409)

Change in Other Non Financial Assets Increase in supplies inventory Increase in prepaid expenses

(77,254) (452,839) (530,093)

- - -

(71,664) (150,135) (221,799)

Increase (decrease) in Net Financial Assets

17,751,508

(105,694,626)

1,563,098

Net Financial Assets beginning of the year

121,352,218

121,352,218

119,789,120

Net Financial Assets end of the year

$ 15,657,592 $ 139,103,726 $ 121,352,218

The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement.

42 City of Maple Ridge - 2022 Annual Report