CAnFR 2017 Full Report
Consolidated Financial Statements ________________________________________________________
Consolidated Statement of Change in Net Financial Assets For the year ended December 31, 2017
Actual 2017
Budget
Actual 2016
2017 (Note 17)
Annual Surplus
$ 34,037,914 $ 60,685,479 $ 64,077,703
Add (Less): Change in Tangible Capital Assets Acquisition of tangible capital assets
(38,277,439) 20,585,216
(132,222,075)
(71,729,097)
Amortization
19,780,000 18,209,180
Proceeds from disposal of tangible capital assets (Gain) loss on disposal of tangible capital assets
278,424
1,500,000 (1,500,000)
181,645
1,664,676
3,833,337
(15,749,123)
(112,442,075)
(49,504,935)
Change in Other Non Financial Assets Decrease (increase) in supplies inventory Reclassification of undeveloped land bank Reclassification of tangible capital assets
(8,723)
4
(4,357)
4 4
4 4
53,499
4
Increase in prepaid expenses
(16,789) (25,512)
4 4
(328,910) (279,768)
Increase (decrease) in Net Financial Assets
18,263,279 $ (51,756,596)
14,293,000
Net Financial Assets beginning of the year
86,346,124
86,346,121 72,053,124
Net Financial Assets end of the year
$ 104,609,403 $ 34,589,525 $ 86,346,124
The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement
City of Maple Ridge - 2017 Annual Report Page 40
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