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Home My WebLink AboutAnnual Reports 2001.pdfComprehensive Annual Financial Report 2001.doc he Government Finance Officers Association of the United States and Canada (GFOA) awarded a Canadian Award for Financial Reporting to the Corporation of the District of Maple Ridge for our annual financial report for the fiscal year ended December 31, 2000. The Canadian Award for Financial Reporting program was established to encourage municipal governments throughout Canada to publish high quality financial reports and to provide peer recognition and technical guidance for officials preparing these reports. In order to be awarded a Canadian Award for Financial Reporting, a government unit must publish an easily readable and efficiently organized annual financial report, whose contents conform to program standards. Such reports should go beyond the minimum requirements of generally accepted accounting principles and demonstrate an effort to clearly communicate the municipal government’s financial picture, enhance an understanding of financial reporting by municipal government’s and address user needs. A Canadian Award for Financial Reporting is valid for a period of one year only. We believe our current report continues to conform to the Canadian Award for Financial Reporting program requirements, and we are submitting it to GFOA. The award we received for our 2000 Annual Financial Report was the tenth time we have received the award. T Internet Home Page Citizens of Maple Ridge and people from around the world are able to access current information about the District of Maple Ridge through the Internet. The District of Maple Ridge Home Page is located at: http://www.mapleridge.org MEMBERS OF COUNCIL Mayor Al Hogarth Councillor Linda King, Councillor Jon Harris , Councillor Candace Gordon, Councillor Kathy Morse, Councillor Craig Speirs, Councillor Faye Isaac VISION A safe and livable community for our present and future citizens. VALUE STATEMENTS Leadership To encourage innovation, creativity, and initiative. Service To be fair, friendly, and helpful. Reputation To stress excellence, integrity, accountability, and honesty. Human Resources To recognize that our people are our most valuable resource. Community To respect and promote our community. Corporation of the District of Maple Ridge Table of Contents to Comprehensive Annual Financial Report December 31, 2001 Introductory Section Page Map.................................................. ...................................................................................................1 Director of Finance Letter........................................................................ ..............................................2 Elected and Appointed Officials .............................................................................................................6 Commissions of Council ........................................................................................................................7 Council Appointments ................................ ...........................................................................................8 Council Committee Structure .............................................................................. ................................. 10 Mayor’s Message ............................................................................................................................... 11 Chief Administrative Officer’s Message ............................................................................................... 12 Organization Chart of the Municipality of Maple Ridge ......................................................................... 13 Services Provided by Municipal Departments......................................................................... ............... 14 Summary of 2001 Budget -Graph ....................................................................................................... 24 Financial Condition Indicators ............................................................................................................. 25 Quality Infrastructure and Services.................................................. ..................................................... 29 Summary of Services and Regional Relationships .................................................................................. 31 Financial Section Management’s Responsibility for Financial Reporting............................................................................ 33 Consolidated Statements Auditors' Report ................................................................................................................................. 35 Significant Accounting Policies .......................... .................................................................................. 37 Consolidated Statement of Financial Position .................................................................... .................... 39 Consolidated Statement of Financial Activities ...................................................................................... 40 Consolidated Statement of Change in Temporary Investments................................................................ 41 Consolidated Statement of Changes in Operating Fund Balances ................................... ......................... 42 Consolidated Statement of Changes in Capital Fund Balances ................................................................ 43 Consolidated Statement of Changes in Reserve Fund Balances ............................................................... 44 Notes to the Consolidated Financial Statements.................................................... ............................... 47 Supporting Schedules Schedule of Capital Assets................................................................................................................... 57 Debenture Debt .................................................................................................................................. 58 Tax Levies ................................... ...................................................................................................... 64 Other Revenue from Own Sources............................................................... ......................................... 65 Schedule of Development Revenue ....................................................................................................... 66 Schedule of Sale of Services................................................................................................................. 67 Continuity Schedule of Restricted Revenues ......................................................................................... 68 Schedule of Expenditures by Object of Expenditures ...................................................... ....................... 70 Transportation Services....................................................................................................................... 72 Corporation of the District of Maple Ridge Table of Contents to Comprehensive Annual Financial Report December 31, 2001 Financial Section -cont’d Page Supporting Schedules – cont’d General and Administrative Expenses ................................................................................................... 73 Schedule of Protective Services.................................... ........................................................................ 74 Schedule of Sewer and Water Utilities ..................................................................................... ............. 75 Summary Schedule of Recreation and Cultural Revenue and Expenditures.............................................. 76 Continuity Schedule of Reserves ................................ .......................................................................... 78 Consolidated Schedule of Source and Use of Capital Funding............................................................... .. 80 Statistical Section General Comparative Statistics ............................................................................................................. 83 Demographics .................................................................................................................................... 85 Major Property Taxpayers ..................................... .............................................................................. 87 Assessment/Taxation Comparative Statistics .......................................................................... ............... 88 2001 Property Assessments and Tax Rates............................................................................................ 89 Operating Expenditures -Last Five Fiscal Years Comparison ................................................................. 90 Capital Assets Acquired -Last Five Fiscal Years Comparison ......................................... ....................... 91 General Revenue Fund -Last Ten Fiscal Years ..................................................................................... 92 Water Supply System Revenue Fund -Last Ten Fiscal Years ................................................................. 93 Sanitary Sewer Revenue Fund -Last Ten Fiscal Years................................................... ........................ 94 C.D.M.R. Developments Ltd. Auditors’ Report to the Shareholder...................................................................................................... 97 Balance Sheet..................................................................................................................................... 98 Statement of Revenues, Expenses and Retained Earnings ....................................................................... 99 Statement of Cash Flows.............................................................................. ...................................... 100 Notes to the Financial Statements ...................................................................................................... 101 Introductory Section 1 The Corporation of the District of Maple Ridge Province of British Columbia, Canada 2 June 01, 2002 The Mayor and Council Corporation of the District of Maple Ridge 11995 Haney Place Maple Ridge, BC V2X 6A9 Your Worship and Members of Council: It is a privilege to submit our 2001 Comprehensive Annual Financial Report. Included in this report are the Financial Statements of the Corporation of the District of Maple Ridge for the fiscal year ended December 31, 2001, pursuant to Section 328 of the Local Government Act and audited by BDO Dunwoody LLP. The purpose of this Comprehensive Annual Financial Report is to present to the users and readers a clear insight of the financial results for our fiscal year that ended December 31, 2001. We strive to ensure that this report presents fairly the financial position of our Municipality. The report is divided into three sections for your convenience: • Introductory Section -Provides the reader with an overview of the political, economic and administrative context within which the Municipality operates. • Financial Section -Presents the consolidated financial statements, supporting statements, notes and schedules and the independent external auditor’s report. These statements and schedules contain comparative results for the prior year and the current year approved budget for the operating, capital and reserve sections. • Statistics Section -Presents a variety of statistical and financial information on a multi-year comparative basis. Financial Statements in the public sector are indicators of financial position. They compare how financial resources were deployed, financial activities undertaken and they compare past financial performance and budget. Financial Review Overview 2001 was a year of mixed financial results because of a period of slower economic activity and as a result of the undertaking of selective and strategic investment decisions in prior years. The impact of the events of September 11, the softwood lumber tariff, a loss of confidence by investors and changes in financial support by the Provincial Government created an environment of uncertainty. This translated into reduced revenues from sources linked to development and major sales of property. Revenues from other sources such as interest and investment income, other income from own sources, MFA debt refinancing, the deferral of capital expenditures and cost containment initiatives cushioned the impact of the revenue shortfall and provided for a surplus in the operating funds. These were accomplished by a 4.0 % tax increase with 1.0% specifically dedicated for the Town Centre Reserve Fund. Our reserve accounts and funds provided the financial resources to bridge policy funding changes or to bridge the gap created by budget restraint with the need for the provision of ongoing services. Financial Results On a consolidated basis, Net Financial Assets declined by $8.6M to $14M as a result of the capital expenditure and increase of the lease liability on the Town Centre Development project from $13.7M to $20.0M. On a consolidated basis the Excess of Expenditures over Revenues (deficit) is $8.63M as compared to a budgetary deficit of $14.65M. The favourable variance as compared to budget is the result of reduced operating expenditures and more particularly, reduced capital expenditures. In 2001, certain capital expenditures were linked to the receipt of specific revenues. Of particular note were capital budget expenditures for Fire Hall #4, Municipal Hall renovations, sewer and water projects in Silver Valley and Albion, East Cottonwood Park and a number of transportation projects. 3 The Mayor and Council June 01, 2002 Page 2 Other key financial performance results include: · Consolidated Revenue is $58.5M compared to the budget of $68.6M and $65.8M in 2001. · Consolidated Expenditures is $67.1M compared to a budget of $83.2M and $75.6M in 2001. · General Revenue Fund Accumulated Surplus increased by $395K to $5.2M; this is after appropriating to various reserves. · Water Utility Fund Balance increased by $1.1M to $9.0M. · Sewer Utility Fund Balance decreased by $322K to $3.9M. · Property taxation for municipal purposes increased by $1.6M or 5.8% to $29.6M. · Property Assessments increased by $36M to $4.6B; this includes real growth and market value increases. · Deferred/delayed capital projects of $12.7 compared to budget. · Revenue shortfall of $10.1M; this included development revenue for supported capital expenditures of $8.8M. · Consolidated Long Term Debt declined $2.6M to $7.2M. · Cash and Portfolio Investments position improved by $6.6M to $50.7M. · Town Centre Reserve Account had a net increase of $137K to $2.9M. · Fixed Assets increased by $27.5M to $382.2M. Outlook The Municipality remains in relatively sound financial health. Although reserves have declined, they have been used to fund major capital projects; this is in keeping with the “pay as you go philosophy.” This is not unusual for a growing municipality such as Maple Ridge. Our Net Financial Position had increased from approximately $11M in 1995 to $25M in 1999 and these financial resources were used to fund capital assets. The major financial challenge will be to fund the liability that is accruing with regards to the Town Centre Development project. There are a number of options available to Council and the merits of each will require careful financial analysis. The Five Year Financial Plan has only considered the annual lease commitments, current capital expenditures and replenishment of the Town Centre Development Reserve Account through the special 1% tax levy increase until 2006. The source required to fund the accrued liability is identified in the Five Year Financial Plan as Future Revenue Sources and represents $38M over 2001 and 2002. Should other capital expenditures occur at the pace represented in the Five Year Financial Plan, the Municipality will move from a Net Financial Asset position to a Net Debt position. For a government, it’s financial health (financial condition) is measured by sustainability, vulnerability and flexibility in the context of the overall economic and financial environment. Financial activities accrue benefits to society as a whole and measurement of these benefits is much broader than in financial terms. Costs of creating the wealth are recorded. This is very unlike the private sector where the purpose of financial activities is to increase the net worth and every dollar spent has an impact on the balance sheet. In Maple Ridge we consider the financial condition to be relatively healthy for the following reasons: · Assessment growth is steady and in the 10 years from 1992 to 2002 has increased from $2.4B to $4.6B. · The combined property taxation and utility fee level is the second lowest in the Lower Mainland. · Municipality is not dependent on senior level government grants to sustain services. · Property tax dependency as a % of budget has remained in equilibrium for the past 5 years. · Legal Debt Availability has risen from $70M in 1992 to $138M in 2001. · Consolidated Debt, excluding the Lease Liability has fallen by 50% in the past 10 years. · Infrastructure is in very good condition and has a replacement value of over $1B. 4 The Mayor and Council June 01, 2002 Page 3 Maple Ridge residents enjoy a high quality of local government services with one of the lowest levels of property taxation in the B. C. Lower Mainland region. The Municipality has not only maintained excellent programs and services throughout 2001, but also continues to extend these services to developing areas and provide additional amenities and new programs to enhance the quality of life for it’s residents and businesses. To preserve this benefit and successfully achieve our vision it is necessary to solidify our financial base through strategic management of our operational and capital resources. We are putting plans in motion to improve our future tax base through commercial development, reviewing the economic development strategy and evaluating municipal service standards through programs such as ISO9000 and ICMA Benchmarking. The construction of a bridge across the Fraser River that will provide direct connection to the Trans Canada Highway is becoming more than an idea and will soon be a reality. In 2002 we have continued with our corporate Business Plan. We have prepared a Five Year Consolidated Financial Plan for the years 2002 – 2006 that clearly outlines our financial direction. As part of this process the public was invited to our business and financial planning deliberations and invited to provide input and review of the Plan. Scale, operational depth and financial capacity will be critical to successfully propel the residents’ vision of Maple Ridge. Conclusion Governments at all levels have been turned inside out by the demand for accountability, improved delivery systems, increased competition and security issues. Evolving technology fuels the need for constant change. Innovation and creativity are a requirement for success – even survival in our administration and management of the public trust. Our operations must be efficient and effective to fulfill our vision of a “safe and livable community”. The municipality continues to respond in a positive way to these challenges. In early 2002 the former Chief Administrative Officer Mr. R. Robertson resigned and has been replaced by Mr. Jim Rule. Mr. Rule is the former City Manager of the City of Sudbury and brings a wealth of experience and knowledge in the management of local government. We look forward to his leadership and direction. Finally, I take this opportunity to give my thanks on behalf of the Finance Department to members of Council, to the Management Team and to all civic employees for their support in achieving the 2001results. Respectfully submitted, Jacob G. Sorba, CGA. Director of Finance 5 6 Corporation of the District of Maple Ridge Elected and Appointed Officials 1999 -2002 Council Mayor Al Hogarth Councillor Candace Gordon Councillor Linda King Councillor Jon Harris Councillor Kathy Morse Councillor Faye Isaac Councillor Craig Speirs 2001 Appointed Officials Chief Administrative Officer (to March 15, 2002)............................................Robert Robertson, Ph.D., A.I.C.P., M.C.I.P. Chief Administrative Officer (Started July 2, 2002)...........................................Jim Rule, M.A. B.Sc., B.ES. (Hon.), MCIP. General Manager: Community Development, Parks & Recreation Services....................................Michael Murray, B.R.E. General Manager: Corporate & Financial Services ................................ ............................................ Paul Gill, B.B.A., C.G.A. General Manager: Public Works & Development Services .................................................Frank Quinn, P.Eng., MBA PMP Municipal Clerk.................................................................................................................................Terry Fryer, B.A. Sc., P. Eng. Municipal Engineer.......................................................................................................................Andrew Wood, M. Eng., P. Eng. Director of Licenses, Permits & By-Laws..............................................................................................Brock McDonald, B. Sc. Director of Corporate Support ..................... .................................................................................John Leeburn, B.Comm., MBA Director of Development Engineering ....................................................... ...........................................................Jeffrey Scherban Director of Engineering Operations ........................................................................................ ................................Han You, B.Sc. Director of Engineering Projects.................................................................................................................. David Pollock, P.Eng. Director of Finance........................................................................................................................................... Jacob Sorba, C.G.A. Director of Information Technology................................................................................................. John Bastaja, B.A., M.R.M. Director of Parks & Facilities .....................................................................................................................Michael Davies, N.P.D. Director of Planning ............................................................................................................................Jane Pickering, MCP, MCIP Manager of Fire Operations/Chief................ .....................................................................................................Peter Grootendorst Manager of Community Fire Safety/Chief......................................... ........................................................................ Dane Spence R.C.M.P. ......................................................................................................... ....................... Inspector Bill Dingwall, BGS, LL.B. Municipal Auditors Municipal Bankers BDO Dunwoody Toronto Dominion Bank Municipal Solicitors Lidstone Young Anderson General Russell & DuMoulin Labour Murdy & McAllister Public Private Partnership & Properties 7 Corporation of the District of Maple Ridge Commissions of Council December 31, 2001 Economic Advisory Commission Chair/Finance Sector Akeela Davis Vice Chair/Home Based Business Sector Ian McLeod Residential Development & Construction Sector Eddy Arndt Natural Resources Sector Ruth Anderson Chamber of Commerce Liaison Mike Potter Community-at-Large Shawn Mohajeri Community-at-Large Mike Swetlikoff Education Community Liaison Mike Irving Maple Ridge Pitt Meadows Tourism Society Sheila Martin Human Resources Development Centre Liaison Kathryn Marven Industrial & Manufacturing Sector Brenda Jenkins Retail & Marketing Stan Nizol Government Relations Sector Vacant Council Liaison Councillor Linda King Community & Business Relations Brock McDonald Sandra Ramsay Maple Ridge & Pitt Meadows Parks and Leisure Services Commission School Trustees Judy Dueck Annette Code Dave Rempel Maple Ridge Council Liaison Mayor Al Hogarth Councillor Candace Gordon Councillor Linda King Pitt Meadows Council Liaison Mayor Don MacLean Councillor Gwen O’Connell Councillor Debra Eisel Municipal Liaison Mike Murray Mike Davies Ingrid Kraus Sandra Belley Maple Ridge & Pitt Meadows Parks and Leisure Services Citizens’ Advisory Committee Bunny Perno-Horne Denise Gunn Noreen Dyke Steve Anderson JoAnne tenBrink Bonny Klovance Jacqueline Dowhaniuk Dave Roemer Municipal Liaison Mike Murray Mike Davies Ingrid Kraus Sandra Belley 8 Council Appointments 2001-2002 Government Agencies E-Comm Fraser Basin Council Fraser Valley Regional Library Lower Mainland Treaty Advisory Comm. GVRD Labour Relations Bureau Greater Vancouver Aboriginal Affairs & Electoral Area Advisory and/or Legislated Committees Advisory Committee on Accessibility Issues Advisory Design Panel Bicycle Advisory Committee Economic Advisory Commission Community Heritage Commission Alternate Parks & Leisure Services Commission Social Planning Advisory Committee Staff Committees Labour Management Employee Awards Committee Standing Committees Committee of the Whole Budget Committee Audit Committee Special Committees Communities in Bloom Court of Revision (Frontage Tax) Development Agreements Committee Douglas College Advisory Committee Emergency Planning Committee Ridge Meadows Youth & Justice Advocacy Association 9 Council Appointments 2001-2002 Special Committees Cont'd Arts & Cultural Policy Implementation Committee Pitt Meadows Airport Society Community Groups & Organizations (Liaisons) Alouette River Management Society Alouette Management Committee Chamber of Commerce Maple Ridge Foundation Ridge Meadows Seniors Society Ridge Meadows Arts Council Ridge Meadows Recycling Society Tourism Maple Ridge & Pitt Meadows 10 Corporation of the District of Maple Ridge Council Committee Structure 2001 Budget Committee Bill 88 passed in the fall of 2000 requires municipalities to prepare a 5 Year Financial Plan which is adopted annually by bylaw before May 15. The Plan may be amended at any time by bylaw. Each year, the Financial Plan from the previous year remains in place until the Plan for the current year is adopted. As part of the Plan process, Council must undertake a process of public consultation regarding the Financial Plan before it is adopted. The Local Government Act does not specify the format of the public consultation process and it may be varied at Council’s discretion to suit the local community. Committee of the Whole Responsibility for all other matters not assigned to other sub-committees as noted hereinafter: Community Development, Parks & Recreation Services Responsibility for recreation activities and facilities, liaison with community groups, and special events planning. Corporate & Financial Services Responsibility for general administrative issues, protective services, personnel and labour issues, financial management, audit services, and policy development. Public Works & Development Services Responsibility for land use and zoning issues, long-range planning, growth management, the Official Community Plan, bylaw enforcement, business licensing, economic development, engineering services, transportation matters, development charges, and associated functions. Mayor’s Message 11 n behalf of my colleagues on Council, I am pleased to present the 2001 Annual Report for the District of Maple Ridge. Our Annual Report is an important method of communicating with our citizens and customers. We are very pleased to have been recognized for the quality of previous Annual Reports by the Government Finance Officers’ Association. Fundamentally, the Report aims to provide information about key activities, functions, and finances of the District. In 2001, the community celebrated a number of very exciting events. The new high-tech library opened in March, 2001. The expanded and renovated Leisure Centre and the Greg Moore Youth Centre both opened in the fall. The November 11 Remembrance Day Ceremony was held at the newly renovated cenotaph with one of the best attendance records in recent years. The District worked to improve citizen safety by moving to a paidon-call system for the Fire Department. The RCMP added in-car computers to make their operations more effective. In addition, groundwork for an Official Community Plan review was initiated. Growth remains strong in Maple Ridge and land use management is an important priority of Council. As planning progresses on a Fraser River Crossing, the requirement to complete an OCP review is even more important. In summary, 2001 was a busy, exciting year in Maple Ridge. The citizens of our community are important to our continued success. We welcome your comments and participation. Al Hogarth Mayor O 12 Chief Administrative Officer’s Message am pleased to welcome you to the District of Maple Ridge 2001 Comprehensive Annual Financial Report. This report represents our 2001 Consolidated Financial Statements, Supporting Schedules, Notes to the Financial Statements and a variety of statistical information presented in a multi-year format. It also provides an overview of the political, economic and administrative context within which the District operates including key events of the year 2001. Maple Ridge is the fastest growing community in British Columbia in 2001 for communities with populations greater than 50,000. This growth illustrates that we are an attractive community that offers a wide range of amenities and services for our citizens. The Town Centre Development revitalization project is a fifty million dollar project providing a new library, expanded leisure centre, new arts centre and expanded parks, all supported by underground parking. These facilities will provide services for an expanding vibrant community. Within the organization, the District of Maple Ridge continues to work on a number of internationally recognized initiatives. We are one of the first governments in Canada pursuing ISO9001 certification. Our business planning system has been acknowledged as “best practice” in local government; we continue to win financial reporting and annual report awards; and, our staff is noted for their commitment, dedication, and professionalism. More detailed information about the performance of the organization is presented quarterly to Council and is available on our website at www.mapleridge.org. We hope you will find the information in this report useful and we look forward to receiving comments or suggestions for improvement. Robert W. Robertson, Ph.D. Chief Administrative Officer I 13 The Corporation of the District of Maple Ridge Organization Chart 2001 Citizens of Maple Ridge City Council: Mayor and Council Chief Administrative Officer Bob Robertson Community & Public Affairs Policy Development Business Development Management Consulting R.C.M.P Bill Dingwall RCMP Contract Corporate & Financial Services Paul Gill Municipal Clerk Customer Services Finance Human Resources Information Technology Legal Land & Property Risk Management Community Development & Recreation Services Mike Murray Aquatic Services Arenas Services Community Centres Cultural Services Parks Maintenance and Operations Parks Programs, Planning Design Library Senior Citizens Facilities Management Public Works & Development Services Frank Quinn Planning & Development Environmental Protection Licenses & Permits Building ByLaw Enforcement Fire Services Emergency Services Education Fire & Rescue Inspection & Safety Police Services Dispatch Communication Records Customer Service Guard Services Provided by Municipal Departments 14 Community Development, Parks & Recreation Parks and Facilities Department Department Director – Michael Davies, Managers – David Boag, Kevin Gilbraith Recreation Department Department Managers – Sue Wheeler, Don Cramb, Lex Tierney, Kelly Swift, Gary Manson The two departments are responsible for the delivery of a wide range of leisure activities in both Maple Ridge and Pitt Meadows including physical, cultural, creative, social, and intellectual pursuits to further a sense of community belonging and the growth and well-being of individual citizens. An agreement was reached in 1994 for the joint delivery of Parks and Recreation Services in both Maple Ridge and Pitt Meadows. Direction for the Departments is provided through a joint Parks and Leisure Services Commission comprised of three members of both Councils including both Mayors and three members of the School Board including the Chair. The Parks, Recreation and Cultural Master Plan completed in 2001 will provide a comprehensive framework for the provision of parks and recreation services in both communities. Wherever possible the departments function in partnership with the private sector and community-based organizations to provide leisure services utilizing a community development approach which is defined in policy statements adopted by the Commission and both Councils. The service guidelines emphasize the protection of community natural resources, the provision of basic leisure skill deve lopment, social opportunities, family-oriented leisure services and preschool leisure opportunities, exposure to the arts, leisure education, and opportunities for reflection/escape. The departments also strive to facilitate the integration of the generations, the provision of public opportunities for interpretation of the environment, special public events and exposure to sporting events, opportunities for social interaction through public social functions and encourage community beautif ication. The Recreation Department operates numerous programs for public participation. Residents are involved in drop-in use of the seniors’ recreation centre, the youth centre, the ice arena, the Public Library, fitness and aquatic facilities. The two departments provide a number of public meeting and activity facilities including the Leisure Centre (including three pool tanks, racquet courts, a fitness testing and rehabilitation centre, fitness facilities, a gymnasium and the 15,000 sq. ft. Greg Moore Youth Centre), several buildings at the Maple Ridge Fairgrounds, the Arts and Crafts Studio, Hammond Pool, the Hammond Community Centre, the Pitt Meadows Recreation Hall, the Pitt Meadows Family Recreation Centre, and Harris Road Pool. They are also involved in partnerships with others to operate the curling rink, the Public Library, the Art Gallery, the, the Whonnock Community Centre, the Martial Arts Studio, and the Planet Ice Twin Arenas, the Pitt Meadows Arenas, the Maple Ridge Golf Course and several historic sites. The Town Centre development project started in 1999 and will be completed in 2003. This development has resulted in an enlarged Leisure Centre, a new Youth Facility, a new Library, and an office tower, a rejuvenated Memorial Gardens and will include a new 43,000 sq. ft. Arts Centre in early 2003. Usage of the completed facilities has been exceptional with both the Library and Leisure Centre experiencing increased usage of more than 40%. The Youth Centre has recorded usage of over 200 youth each night. Services Provided by Municipal Departments 15 The Parks and Facilities Department is responsible for operating the Municipal parks system, which includes actively used parkland, sports fields and significant greenbelt areas. The Department also operates two Municipal cemeteries by maintaining the grounds, and by providing interment, associated record keeping, and public assistance. The Parks and Facilities Department oversees the maintenance of all Municipal facilities including the Recreation Facilities, Municipal Hall, Fire Halls and Public Safety Buildings as well as rental and leased properties including an ongoing preventative maintenance system. The functions carried out include janitorial services as required, elevator, boiler heating, air handling service contracts, the testing and upgrading of chemical systems, and energy management. The Parks and Facilities and Recreation Departments work with several hundred community organizations and agencies (including the School District and Douglas College) in the delivery of leisure services, oftentimes in partnership with the Municipality through use of facilities and resources. As noted above in 1994 Maple Ridge entered into a Joint Parks and Recreation Agreement with the District of Pitt Meadows. The Agreement provides for joint use and management of parks, facilities, and leisure services within a boundary that includes both Municipalities. The synergy created from this union provides significant benefits and cost savings to each Municipality. The residents of each community have full access to programs and facilities in either community. Cost savings are experienced because of economies of scale for operations and future capital investments will be made that benefit both Municipalities collectively and, therefore, eliminate duplication. Maple Ridge is contracted to manage the operation and costs are shared based on a populationbased ratio. The division’s role is to ensure coordination of resources in management and development of parks, delivery of leisure services, acting as a networking agent, information broker, and educator and community resource. Identified community needs are addressed by a variety of approaches from direct provision of services to establishing community partnerships. Services Provided by Municipal Departments 16 Corporate & Financial Services Municipal Clerk’s Office Department Head-Terry Fryer The Municipal Clerk’s Office provides a link between the citizens, the District and other government bodies. The office of the Municipal Clerk is the oldest among public servants and by statute the Municipal Clerk is responsible for the preparation and preservation of the minutes, by-laws and other records of the business of the corporation. Traditionally, the Clerk’s section has been responsible for the proper conduct of local government elections and referendums. The responsibilities of the Municipal Clerk’s Office have expanded to ensure that all District actions are conducted in accordance with increasingly complex federal, provincial and municipal government legislation including preparation of all statutory notifications and advertisements of District business. In addition, support of the Municipal Council and staff includes education regarding current government legislation. This Department has progressed from only being the record keeper for legal documents, minutes and by-laws to also being responsible for corporate wide records management and Freedom of Information and Protection of Privacy Act administration. It also provides support for the organization through the provision of centralized functions such as switchboard/reception and mail. The Municipal Clerk’s Office is also responsible for the administration of the acquisition, management and sale or lease of District property and the risk management, insurance and litigation requirements for the District. Information Services Department Department Head-John Bastaja The Department manages the organization’s computer systems and information resources, both for the mainframe and desktop computer systems. The main computer is a Digital Alpha 4100. More than 50 different business production systems run on the computer network, including a financial system, property and taxation, payroll system, materials management, budget system, recreation system facility bookings, trade licenses and the Geographical Information System (GIS). The District has been upgrading its business applications recently with a new recreation management system, a new property system, and improved capability in the Financials portfolio, and an improved web site. Many of the ‘legacy’ systems, as well as all the new applications, are accessing an Oracle database. The Department also manages a 100 Mb Ethernet network using 15 NT servers that support 275 desktop computers at 8 sites. Three sites are accessed via a wireless radio network link. District staff utilizes desktop computers for word processing, spreadsheet, small database, desktop publishing, e-mail, Internet access, and drafting and map production. IS staff support the Microsoft Office suite of products on the Windows 98 operating system. The District will be migrating to Windows 2000 and Office XP later in the year. Staff working for the Municipality are able to access production systems and provide support to an adjacent Municipality, access corporate data bases for property, business licensing or financial information, utilize their e-mail and the Internet through an Ethernet Local Area Network (LAN), a Wide Area Network (WAN) using ISDN lines, or dial in lines depending on their location. Services Provided by Municipal Departments 17 Finance Department Department Head -Jacob Sorba The Finance Department provides financial reporting and control, upholds the fiduciary responsibility to manage the assets of the Municipality and provides guidance for the overall financial stability of the Municipality. Specific functions include the preparation and monitoring of the current and capital budgets; levying and collecting municipal taxes and utility rates; administration of payroll; processing of accounts payable; accounts receivable; purchase of all goods and services; development and maintenance of financial systems; financial reporting including financial statements; investing and safeguarding of the Municipality’s financial assets; and the provision of internal audit functions. The Department provides general cashiering services and operates the Operations Division Inventory Service Centre. In addition to the above, the Department manages the insurance needs of the Municipality. This includes securing insurance coverage, and operating a self-insurance program. It also provides financial liaison with the SPCA, Chamber of Commerce, Adopt-A-Block, Search & Rescue and the Ridge Meadows Recycling Society. All of the above-noted services are provided through functional divisions of Financial Planning, Accounting, Procurement, and Revenue and Collections. Personnel Department Department Head -John Leeburn Provides advice and assistance to Council and employees at every level in the organization. One of the District’s Corporate Values states “people are our most valuable resource.” The Personnel Department plays a key role in ensuring that we recruit, transfer and promote the best people for the job. We also strive to set our employees up for success by providing them with the skills to meet the challenges of today and tomorrow. In this vein, the District continues to make a very strong commitment to professional development and performance planning. The Personnel Department ensures the training needs of the organization are identified and coordinates the provision of the training through a combination of in-house and external suppliers. The Department also coordinates and supports the District’s performance planning program, which allows them to monitor morale, and attendance issues. More than 80% of the District’s employees are governed by the terms of the Collective Agreement in place between the District and the Canadian Union of Public Employees. The negotiation and day to day administration of the agreement (including grievance and classification administration) is a key service provided by the Personnel Department. Personnel take care of the administration for a number of critical programs, which contribute to the well being and productivity of our employees. Examples of such programs include: the attendance management program, employee assistance program, the occupational health & safety program, the employee recognition and suggestion programs, and the administration of the employee welfare benefits programs. Services Provided by Municipal Departments 18 Public Works & Development Services Engineering Department Municipal Engineer-Andrew Wood The Engineering Department provides Municipal Engineering to residents of Maple Ridge. Municipal Engineering is the application of engineering methods to the analysis, planning, design, construction and record keeping of public works facilities and programs relating to infrastructure. The Engineering Department provides the professional and technical services necessary to ensure that Maple Ridge residents have safe, high-quality transportation, water, sewer, and recycling services; protection from natural and environmental hazards; and the benefits of planned, orderly development of District infrastructure. The division provides engineering services for operational issues and capital projects with in-house design, drafting services, technical record drawing keeping, ground survey, consultant management, construction management, transportation and traffic engineering, liaison and coordination for recycling operations, coordination of servicing for new developments and customer services. Project management services include preliminary and detailed design, cost estimating, scheduling, tendering and construction, and contract management. In addition, the Engineering Department is responsible for the Capital Works Program – this program provides a comprehensive overview of existing and future municipal infrastructure needs within the Municipality. In 2001, we: · Re-constructed River Road Phase 2 (Laity to Carshill) with improved traffic and pedestrian safety measures. · Pedestrian bridge and pathway was constructed on 116 Avenue to provide access from 240 Street to Creekside Street. · Downtown pedestrian improvements on 224 Street and Brown Avenue for pedestrian accessibility. The improvements included curb extensions (street narrowing at critical crossing locations), illuminated crosswalks street benches, green space, and a marked bicycle lane. · The existing pedestrian signal at 116 Avenue and Lougheed Highway was upgraded to a full traffic to improve overall intersection safety and reduce delays for motorists. · Water distribution system upgrades were completed on 240 Street from Kanaka Creek Road to 112 Avenue. Other water system improvements included an expansion and seismic upgrade of Rothsay reservoir. · A marked bicycle lane was constructed on Laity Street from Dewdney Trunk Road to 128 Avenue. This link provides direct connection to the dyke access for cyclists and improves the bicycling safety in Maple Ridge. · Internally illuminated street signs were installed at the intersection of Lougheed Highway and 226 Street. The internally lit signs assist drivers and provide an aesthetic quality to street signage at major intersections. Services Provided by Municipal Departments 19 · Staff investigated and explored the viability of a stormwater utility for Maple Ridge. A report and presentation was made to Council recommending that a Business case be developed. · Staff developed and implemented new business systems for Engineering connections and workflow tracking of development process to improve customer service. · A new Water Bylaw and rate structure was developed meeting the goals of equity, full cost recovery, sustainability, and transparency. The new bylaw submitted to council Committee in December 2001. · In partnership with ICBC, large, visual speed warning signs were installed on the approaches to a number of schools. These portable signs, that alternate among the District schools, have been effective in raising awareness and reducing speed. · Council approved the extension of the agreement between the District and Ridge Meadows Recycling for another "five" years. · Staff continued working with Translink Fraser River Crossing on a detailed study of a new bridge across the Fraser River. · Integration of high quality ortho aerial photography (flown year 2000) into the corporate records system was completed and access made available to corporate users. Aerial Photos joined Roads, Wastewater and Waterworks core service mapping as being available for both viewing and basic queries from corporate work stations. Operational Services Director – Han You As one of the largest departments within the Municipality, the Operations Department is the front line provider for the basic public works services of customer service, including Transportation Facilities, Fleet Management, Storm Water Management, Water Distribution, and Sewage Disposal. Our focus will be on ensuring the health and safety of the citizens of Maple Ridge; protecting the District’s large investment in the public works infrastructure; protecting the environment; maintaining current service levels; and providing amenity and convenience features. It is the objective of this Department to provide these services at a minimum cost to the taxpayers and in a manner as responsive to their needs as possible. Operations Department is structured as follows: ¨ Road Works is led by the Superintendent of Roads. Activities include: asphalt patching, sidewalk maintenance, road grading, snow & ice control, bridge maintenance, street sweeping, traffic signs, etc. ¨ Storm and Sanitary Sewer Works is led by the Superintendent of Sewers. Activities include: vegetation control, ditch cleaning, storm sewer and culvert maintenance, flushing storm & sanitary sewer lines, maintenance of sanitary sewer mains and service connections, collection of sewage & transfer to G.V.R.D., etc. Services Provided by Municipal Departments 20 ¨ Water Works is led by the Superintendent of Water. Activities include: maintenance of water mains and service connections, servicing fire hydrants, collecting water samples and testing, reading water meters, installation and maintenance of water meters, etc. ¨ Electro/Mechanical Works is led by the Manager of Electro/Mechanics. Activities include: maintenance of traffic control devices, street lighting, sewer and water pump stations, water reservoirs & chlorinating stations, radio communication system, SCADA system, and a variety of electronic equipment. ¨ Fleet Management Works is led by the Director of Engineering Operations and the Superintendent of Roads. Activities include: equipment performance measures, vehicle replacement, equipment charge out rates and equipment reserve funding, etc. Each functional area within the Department closely monitors productivity, efficiency and unit cost, to be confident that our customers receive quality service at competitive prices. All calls received in this Department are investigated, responded to and recorded in the public complaint/action request system. Planning Department & Environmental Management Director of Planning -Jane Pickering The Planning Department is responsible for the timely and efficient processing of a wide range of development applications, the review of District environmental management practices, and policy and research development in support of the Official Community Plan. The Department has two sections as follows: Development and Environmental Services The Development and Environmental Services group is primarily involved in the file management of the majority of applications received in the Planning Department including development permits and subdivision. This group is also responsible for the provision of the Department’s environmental services, including policy creation, the issuance of permits, and enforcement. The provision of mapping services and front counter customer services fall within the responsibilities of this section. Community Planning The Community Planning group undertakes research, special projects, and reports on the direction the Municipality is taking as set out in the Official Community Plan. In the area of development application management, staff work with a File Manager from the Development and Environmental Services group in the preparation of development cases. The area planners also provide the policy direction for the Department; are responsible for the preparation of a major policy report each year; and provide support to the Social Planning Advisory Committee, the Community Heritage Commission, the Bicycle Advisory Committee, and the Advisory Design Panel. Services Provided by Municipal Departments 21 Business Licencing, Permits and By-Laws Director-Brock McDonald The Business Licensing, Permits and Bylaws Department is responsible for enforcing the District’s bylaws, issuing building permits, inspecting all construction works, animal control, issuing business licences, and initiatives relating to the economic development of the municipality. Over the past year, the Department has been involved with the creation and implementation of the AMANDA Permits and Inspections Tracking System; the development of a Building Permit checklist; the hosting of two builders’ forums focusing on Building Code changes, hillside building guidelines and process review; numerous bylaw amend recommendations; and, support of the Economic Advisory Commission and the Maple Ridge and Pitt Meadows Tourism Society. In 2001, the Department dealt with approximately 2,200 bylaw complaints, issued 3,029 permits, and performed 10,565 inspections. Services Provided by Municipal Departments 22 Maple Ridge Fire Department Peter Grootendorst – Fire Chief, Manager, Operations Dane Spence – Fire Chief, Manager, Community Fire Safety The primary mission of the Fire Department is the protection and preservation of life, property and the environment for Maple Ridge citizens. This service is provided by a group of ninety-five dedicated paid-on-call fire fighters and six full-time officers. In 2001 the fire Department responded to 1,130 calls for assistance. · On April 2, 2001 a Paid-On-Call system was implemented and standard operating guidelines were developed for this structure. Career Assistant Chiefs have assumed responsibility for the operation of individual Fire Halls, which replaced the existing Volunteer Structure. Accountability and responsibility for Captain’s positions have been increased to include time keeping, report writing and increased supervision of Fire Fighters. Training has become more formalized concentrating on the British Columbia Fire Fighter Certification Standards. · Eight Grade 11 and 12 students successfully completed the Junior Fire Fighters Youth Academy 2000/2001. The students became competent working with hose lines, ladders, ropes and personal protective equipment. They prepared and presented a public education session to their peers and a youth fitness challenge. The 2001/2002 class has 10 Junior Fire Fighters participating from five high schools. · During Fire Prevention week in October, the Fire & Life Safety Educator scheduled supervised fire drills at all the schools. Many local businesses displayed fire safety messages on their business signs. A wellattended Open House was coordinated and a luncheon was held for the 2001 Safety Stars. · The successful Third Annual Hot Summer Nights Program allowed for interaction between the fire fighters and the public. The fire fighters were able to teach fire and life safety education and allow the children the opportunity to try out the fire hoses and get wet. Fire fighters circulated among the remaining adults and initiated discussion about smoke alarms, escape plans, etc. · In partnership with local McDonald’s Restaurants, the Summer Safety-Smart Card program was launched. Citizens were rewarded for safe behavior such as wearing a helmet while bicycling, roller blading or using crosswalks, etc. · 1,076 fire safety inspections were completed in commercial and industrial businesses in Maple Ridge during 2001. Maintenance of pre-incident plans is handled through a contract agreement to ensure plans are up to date. · The security system was upgraded at all three fire halls with a keyless entry system. · Pumper 1-2 was revamped late 2001. The large hose reel was removed and a standard hose bed was installed. The retrofit supplied us with dual foam tanks giving us the capability to produce “A” Class or “B” Class foam. · Eighteen Recruits successfully completed the intense 3-month Recruit Training. All recruits have begun responding to their halls to test their newly learned knowledge and skills. · Twenty-six members of the Department and six members of the Youth Academy took part in a Food Bank/Christmas Hamper event. Trucks and crews were stationed at the local malls and raised $6,200 plus food for 270 hampers. Services Provided by Municipal Departments 23 Ridge-Meadows R.C.M.P. Inspector Bill Dingwall The Ridge Meadows Detachment of the Royal Canadian Mounted Police provides Police Services to the Municipality. The Mission Statement of the RCMP reads: “The Royal Canadian Mounted Police, is Canada’s National police service. Proud of our traditions and confident in meeting future challenges, we commit to preserve the peace, uphold the law and provide quality service in partnership with our communities. We: will be a progressive, proactive and innovative organization, provide the highest quality of service through dynamic leadership, education and technology in partnership with the diverse communities we serve, be accountable and efficient through shared decision making, ensure a healthy work environment that encourages team building, open communication and mutual respect, promote safe communities, and demonstrate leadership in the pursuit of excellence.” To meet the philosophical and operational requirements of the Mission Statement, the Ridge Meadows Detachment is divided into sections that are responsible for various aspects of the police role. Such specialization not only allows for the job to be performed more effectively but allows for the development of expertise and professionalism. The major sections are: 1. General Duty : Attends all emergencies relating to personal safety and are responsible for the investigation of offences against the various Federal Acts, particularly the Criminal Code of Canada, Provincial Statutes, and some Municipal bylaws. 2. Community Policing: Team members work closely with public committees to identify and resolve neighbourhood concerns and criminal activity. 3. Traffic: Responsible for the investigation of traffic accidents and the enforcement of the Motor Vehicle Act, many provisions of the Criminal Code, and various other Provincial Acts. 4. General Investigation: Responsible for investigation of all serious crimes and sex, fraud and property offences that require extensive investigation which are beyond the resources of the General Duty section. 5. The other sections and units are: Forensic Identification Police Dog School Liaison Victim Services Bike Unit Administration Drugs Records Telecoms Exhibits Strike Force The detachment is responsible for policing the communities of Maple Ridge and Pitt Meadows. Pitt Meadows has contracted for 19 regular member positions, Maple Ridge for 66, the Provincial Government provides for three positions. The total detachment complement is 88 members. As well, there are 32 full-time municipal employees who provide support in clerical and administrative duties such as telecoms, exhibits, guarding, customer services, records management, Canadian Police Information Centre, and volunteer coordination. 24 The Corporation of the District of Maple Ridge 2001 Budget Summary of 2001 Budget Revenues Sale of Services 12% Parcel Charges 4% Interest 2% Property Sales 3% Reserves 15% Collections for Other Governments 27% Property Taxes 29% Other Fees & Charges 3% User Fees 2% Grants & Cost Shares 3% Summary of 2001 Budget ExpendituresReserves 9% Sewer 4% Water 4%Public Works & Development 8% Capital Projects 17% Remittances to Other Governments 28% Debt Repayments 4%Fire 2% Administration 1% Police 9% Parks & Recreation 10% Corporate/Financial 4% 25 Financial Condition Indicators A significant indicator of financial condition and strength is the annualized growth of the Property Assessment Roll. Over the past ten years the Municipality’s growth has averaged a buoyant 2% -3% per year. This growth is projected to continue for the next ten years. Ten Year Assessment Growth $-$0.5 B $1.0 B $1.5 B $2.0 B $2.5 B $3.0 B $3.5 B $4.0 B $4.5 B $5.0 B 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 26 Financial Condition Indicators Survey conducted by the City of Surrey --2002. Residential property tax for municipal purposes and utility user fees remain as one of the lowest in the Greater Vancouver Region. In 2002 the average home assessed at $206,500 paid $1,543 in municipal controlled levies. This was an increase of 3.2% over 2001. General Taxation & Utilities -1 , 0 0 0 . 0 0 2 , 0 0 0 . 0 0 3 , 0 0 0 . 0 0 4 , 0 0 0 . 0 0 5 , 0 0 0 . 0 0 6 , 0 0 0 . 0 0 P i t t M e a d o w s M a p l e R i d g e L a ng l e y , T o w n s h i p S u r r e y P o r t C o q u i t l a m L a n g l e y , C i t y o f D e l t a C o q u i t l a m N o r t h V a n . , C i t y o f R i c h m o n d B u r n a b y P o r t M o o d y N e w W e s t m i n s t e r V a n c o u v e r W h i t e R o c k N o r t h V a n . , D i s t r i c t o f W e s t V a n c o u v e r 27 Financial Condition Indicators Over the past ten years Municipal Long Term Debt has declined from $22.5 Million excluding the Lease Liability. The current Long Term Debt and Lease Liability is $27.2 Million. Based on the current level of property assessment, current debt level and taxation capacity the legal debt capacity available (as calculated under a formula used by the provincial ministry) is $137 Million. This is a strong indicator of the Municipality’s flexibility to finance future capital expenditures. Legal Debt Availability $-M $20 M $40 M $60 M $80 M $100 M $120 M $140 M $160 M 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 28 Financial Condition Indicators Over the past five years the dependency on the general purpose property tax has remained relatively stable at 50% of budget. This is similar to other municipalities of similar size or larger. Property Tax Dependency % of Budget 0% 10% 20% 30% 40% 50% 60% 70% 1996 1997 1998 1999 2000 2001 Consolidated Budget Operating Budget 29 Quality Infrastructure and Services CATCH BASINS APPROX 3600 STORM SEWER MAIN 200 km SERVICE CONNECTIONS 12085 STORM MANHOLES APPROX 3094 DRAINAGE DITCHES APPROX 500 km STORM WATER MANAGEMENT Drainage Collection PL PL SERVICE CONNECTIONS (FROM PLUMBING ) -14242 SANITARY SEWER MAIN -219 KM PUMP STATIONS -21 INSPECTION CHAMBER SEWER UTILITY Sewage Collection PL PL 30 Quality Infrastructure and Services The Municipality added $27.6 Million of capital assets; $3.6 Million was contributed by subdivision infrastructure constructed by developers. Since 1992, $203 Million of fixed assets have been added. Maple Ridge has relatively new infrastructure that will not require a large-scale replacement for many years. This provides the Municipality with an opportunity to attract investment, create an environment for economic development and formulate a plan for infrastructure replacement. WATER UTILITIES Domestic water supply & fire protection WATERMAINS -330 KM PUMP STATIONS -5 RESERVOIRS -5 FIRE HYDRANTS 1540 WATER METERS 1164 SERVICE CONNECTIONS 16708 PL PL 31 Corporation of the District of Maple Ridge Summary of Services and Regional Relationships The Corporation of the District of Maple Ridge is the sixth oldest and eleventh largest (by land size) of the 149 municipalities in British Columbia. It is responsible for the provision of a wide variety of local government services. These include: Transportation network (roads, bridges, street cleaning, sidewalks, street lighting, etc. – except portions of the Lougheed Highway [#7] which fall under Provincial Government responsibility). Drainage Sanitary Sewer Collection System Waterworks Distribution System Parks, except for Golden Ears Park, which is a Provincial Government responsibility, and Kanaka Creek Regional Park, which is a Greater Vancouver Regional District responsibility. Recreation and Cultural Facilities and Programs Library Facilities Police and Fire Protection Land Use Planning Building Permits Business Licensing Domestic Animal Control Bylaw Establishment and Enforcement Emergency Preparedness Public Transit Heritage Typical local government services that are not an assumed responsibility of the Corporation of the District of Maple Ridge include: School System (Provincial Government and Local School Board) Social and Health Programs (Provincial Government) Hospital Care Systems (Provincial Government) Real Property Assessments (Provincial Government) Garbage Collection (Private Operation) Sanitary Landfill (Greater Vancouver Sewerage and Drainage District) Employee Pension Plan (Provincial Plan) Debt Marketing (Municipal Finance Authority) Sewage Treatment (Greater Vancouver Sewerage and Drainage District) Water Collection and Purification (Greater Vancouver Water District) Flood Control (Provincial Government and Local Dyking Districts) Library Collection and Distribution System (Fraser Valley Regional Library) The Corporation of the District of Maple Ridge is represented on the following Regional Boards which provide a variety of services for the residents of Maple Ridge. Greater Vancouver Regional District (G.V.R.D.) Provides air quality management, transportation planning, regional housing, regional parks (their Kanaka Creek estuary and linear park is located within the Maple Ridge boundaries), labour relations for local government employees, and administration of the 9-1-1 emergency telephone system. Greater Vancouver Transportation Authority /Translink (G.V.T.A) Responsible for the integration of transit and road networking with regard to transportation and land use. Translink is headed by local governments, allowing the decision-making to focus on local concerns. 32 Corporation of the District of Maple Ridge Summary of Services and Regional Relationships Greater Vancouver Water District (G.V.W.D.) Responsible for acquiring the water, maintaining the supply, ensuring its quality, and delivering it to the member municipalities for distribution by local systems. Greater Vancouver Sewerage and Drainage District (G.V.S. & D.D.) Provides sewerage transfer and treatment on a regional basis, and the disposal of solid waste. Fraser Valley Regional Library (F.V.R.L.) A regionalized library collection and distribution system that provides all of the operational aspects of a library system. The members must provide the local facilities. The Corporation of the District of Maple Ridge obtains services from the following intermunicipal organizations: Municipal Finance Authority (M.F.A.) A provincial organization that provides for marketing, placement, and administration of all Municipal debt requirements (except the City of Vancouver). This Authority also operates an investment pool on behalf of municipalities. Municipal Insurance Association (M.I.A.) The Municipality is a Subscribed member of the Municipal Insurance Association of British Columbia (The “Exchange”) as provided by Section 3.02 of the Insurance Act of the Province of British Columbia. The main purpose of the Exchange is to pool the risks of liability so as to lessen the impact upon any Subscriber. Under the Reciprocal Insurance Exchange Agreement the Municipality is assessed a premium and specific deductible for its claims based on population. Royal Canadian Mounted Police (R.C.M.P.) Contract with the Federal Government to provide police services (police officers); the Municipality provides the clerical support services and facilities. B. C. Society for the Prevention of Cruelty to Animals (B.C.S.P.C.A.) Contract to provide domestic animal pound and shelter and to operate a large animal pound as required. The Corporation of the District of Maple Ridge issues the property tax notices and acts as a collection agent for all property taxes. (a) The following organizations' property tax levies are contained on the Municipal Property Tax Notice; however, the Municipal Council does not have control or responsibility over their levy rates, expenditures or operations: B. C. Assessment Authority B. C. Transit Authority Municipal Finance Authority Provincial Government School System (Residential and Non-Residential) (b) The following organizations' levies are contained on the Municipal Property Tax Notice; however, the Municipal Council does not have control or responsibility over their levy, expenditures or operation, except as a voting member: Fraser Valley Regional Library Greater Vancouver Regional District Greater Vancouver Regional Hospital District Financial Section 33 The Corporation of the District of Maple Ridge Management’s Responsibility for Financial Reporting The information in this Annual Report is the responsibility of management. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted for British Columbia municipalities and are outlined under “Significant Accounting Policies” on pages 37 and 38. These include some amounts based on management’s best estimates and careful judgement. Management maintains a system of internal accounting controls to provide reasonable assurance that assets are safeguarded and that transactions are authorized, recorded, and reported properly. Management also administers a program of proper business compliance. BDO DUNWOODY LLP, the Municipality’s independent auditors, have audited the accompanying financial statements. Their report accompanies this statement. Council carries out its responsibility for the consolidated financial statements principally through its Audit Committee. The Committee meets monthly with management and at least semi-annually with BDO DUNWOODY LLP to review their activities and to discuss auditing, internal control, accounting policy, and financial reporting matters. BDO DUNWOODY LLP has unrestricted access to the Municipality, the Audit Committee and Council. The Audit Committee reviews the consolidated financial statements with management prior to submission to Council for approval. It also reviews the recommendations of the independent auditors for improvements to controls and as well as the actions of management to implement such recommendations. Jacob G. Sorba, CGA Frank Quinn P.Eng., PMP, MBA Director of Finance Acting Chief Administrative Officer 34 This Page Left Intentionally Blank. Consolidated Statements 35 36 This Page Left Intentionally Blank. 37 The Corporation of the District of Maple Ridge Significant Accounting Policies For the year ended December 31, 2001 (a) Basis of Presentation It is the Municipality’s policy to follow accounting principles generally accepted for British Columbia municipalities and to apply such principles consistently. These Consolidated Financial Statements include the operations of the General, Water, Sewer, Capital and Reserve Funds, and the Municipality’s wholly owned development company C.D.M.R. Developments Ltd. They have been prepared using guidelines issued by the Public Sector Accounting Board of the Canadian Institute of Chartered Accountants. The financial resources and operations of the Municipality have been consolidated for financial statement purposes totaling $13,978,316 ($22,604,177 for 2000). They include the accounts of all of the funds of the Municipality totaling $41,178,706 less the long term liabilities of the Municipality totaling $27,200,290 as noted below. Operating Funds -These funds include the sewer and water utilities and report the principal operating activities of the Municipality. As at December 31, 2001 the fund balances were as follows: Restated (Note 10) 2001 2000 General Revenue Fund $ 5,170,866 $ 4,777,031 Sewer Revenue Fund 9,020,906 9,343,162 Water Revenue Fund 3,826,317 2,770,453 18,018,089 16,890,646 Capital Funds -These funds are used to acquire capital assets. The fund (deficiencies) represent the excess of capital expenditures over the funding which has obtained by these funds. As at December 31, 2001, the fund (deficiencies) were as shown in Note-8 for the following funds: General Capital Fund (7,657,166) (13,254,559) Sanitary Sewer Capital Fund (425,548) (383,783) Water Supply System Capital Fund (214,228) (226,515) (8,296,942) (14,134,857) Reserve Funds -These funds have been created to hold assets for specific future requirements. As at December 31, 2001 they were comprised of the funds shown in Schedule 14. Reserve Funds 31,457,559 35,905,675 Long Term Liabilities-These liabilities are incurred to fund capital expenditures Debenture Debt-comprised of the debts shown on Schedule 2 (7,157,615) (9,701,007) Lease Liability-as discussed in note 9 (20,042,775) (6,356,280) Long Term Liabilities (27,200,390) (16,057,287) Municipal Financial Position $ 13,978,316 $ 22,604,177 38 Significant Accounting Policies For the year ended December 31, 2001 (b) Accrual Accounting The accrual method for reporting revenues and expenditures has been used. (c) Advance Cash Payments Cash payments to vendors in excess of any related accruing liability are recorded as Other Assets. These assets are charged to expenditures when the related services are rendered. These assets are comprised of the amounts shown in Note 4. (d) Capital Assets Capital assets purchased or constructed and work in process are reported as capital expenditures and are classified according to their functional use. Capital assets donated are reported at fair market value at the time of the donation. Accumulated capital expenditures, net of disposals, are reported on Schedule 1. Depreciation is not recorded. (e) Restricted Revenues and Deferred Revenues Receipts which are restricted by the legislation of senior governments or by agreement with external parties are deferred and reported as restricted revenues. When qualifying expenditures are incurred restricted revenues are brought into revenue at equal amounts. These revenues are comprised of the amounts shown on Schedule 7. Revenues received in advance of expenditures which will be incurred in a later period are deferred until they are earned by being matched against those expenditures. (f) Investment Income The Municipality invests in pooled funds of the Municipal Finance Authority of British Columbia. Earnings of these funds are allocated to the members from time to time based on the market value of the pool. The Municipality recognizes its share only of the realized earnings of the pool. This revenue is recorded as investment revenue and the amount is added to the cost of the units held. (g) Subdivision Infrastructure Subdivision streets, lighting, sidewalks, drainage, and other infrastructure are required to be provided by subdivision developers. Upon completion they are turned over to the Municipality. The Municipality is not involved in the construction and does not budget for either the contribution from the developer nor the capital expenditure in its financial plan. The budget figures presented on the financial statements are equal to the value of infrastructure turned over to the Municipality during the year. (h) Local Improvements The Municipality records capital expenditures for capital assets funded by local improvement agreements as they are incurred. Revenues are recognized at the time of the expenditures to the extent that they are recoverable. (i) Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted for municipalities requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenditures during the reporting period. Significant areas requiring use of management estimates relate to the determination of severance liability, collectibility of accounts receivable, deferred charges, expenditures and liabilities related to the town centre development and provisions for contingencies. Actual results could differ from those estimates. Adjustments, if any, will be reflected in operations in the period of settlement. (j) Property Held for Resale Development costs for properties which are expected to be offered for sale within one year are recorded as Property Held for Resale. These costs do not include any amount recorded as capital expenditure in previous years. Proceeds of sale, net of these development costs, are recorded as a Gain on Sales of Property. 39 Restated (Note 10) 2001 2000 Financial Assets Cash and Temporary Investments (Note 1) 13,252,116 $ 15,293,489 $ Portfolio Investments (Note 1) 37,478,346 28,872,213 Accounts Receivable (Note 2) 8,592,757 7,525,943 Recoverable Local Improvements (Note 3) 4,458,135 5,519,606 Property Held for Resale 1,617,590 2,669,766 Other Assets (Note 4) 1,241,531 1,552,589 66,640,475 61,433,606 Liabilities Accounts Payable and Accrued Liabilities (Note 5) 7,684,481 8,135,428 Deferred Revenues 1,413,226 911,674 Refundable Performance Deposits and Other 1,329,128 1,407,728 Restricted Revenue (Schedule 7) 15,034,934 12,317,312 Lease Liability (Note 9) 20,042,775 6,356,280 Long Term Debt (Note 6, Schedule 2) 7,157,615 9,701,007 52,662,159 38,829,429 Net Financial Assets 13,978,316 $ 22,604,177 $ _________________________ _________________________ Jacob G. Sorba, CGA Al Hogarth Director of Finance Mayor, District of Maple Ridge a) The notes to the Consolidated Financial Statements on pages 47-54 are an integral part of this statement. b) Contingencies and Commitments (Note 9). Consolidated Statement of Financial Position As at December 31, 2001 Statement A The Corporation of the District of Maple Ridge 40 Restated (Note10) Actual Budget Actual 2001 2001 2000 Revenue Taxes (Schedule 3) Real property, special assessments, grants in lieu 56,114,145 $ Less: Collections for other governments (26,476,866) Total taxes for municipal purposes 29,637,279 $ 29,483,003 $ 28,010,848 $ Sale of services (Schedule 6) 4,171,415 4,410,273 3,883,213 Other revenue from own sources (Schedule 4) 3,306,956 3,332,769 3,299,309 Senior government grants – Utilities 640,725 971,467 747,638 Senior government grants – Capital 278,052 960,507 1,402,835 Development revenue (Schedule 5) 2,944,555 11,233,200 8,500,852 Provincial transfers 1,117,182 1,489,836 1,084,178 Interest income 865,633 Investment income 2,010,815 Less: Deferred amount (593,200) Interest and investment income 2,283,248 1,744,008 2,294,247 Utility user fees 8,042,035 8,159,120 7,376,220 Proceeds from disposal of capital assets 855,150 2,021,996 1,873,010 Gain on sales of property 486,676 Less: Allowance for reduction to market value (190,295) Net gain on sales of property held for resale 296,381 1,135,000 (93,318) Gain on debt refinancing 1,281,865 707,859 Contributed subdivision infrastructure 3,629,494 3,629,494 6,741,247 58,484,337 68,570,673 65,828,138 Expenditures (Schedule 8) Protective Services 10,615,809 16,892,616 10,799,688 Transportation Services 8,547,740 13,168,086 9,468,587 Recreation and Cultural 24,866,056 22,120,287 27,403,512 Sewer and Water Facilities 10,034,204 14,557,356 11,252,276 General Government 8,865,297 11,817,553 8,726,522 Planning, Public Health Services and Other 1,852,946 2,259,135 2,386,870 Reallocation of Internal Equipment (1,301,348) (1,223,711) (1,233,073) Subdivision Infrastructure 3,629,494 3,629,494 6,741,247 67,110,198 83,220,816 75,545,629 Excess (Expenditure) over Revenue (8,625,861) (14,650,143) (9,717,491) Net Financial Assets -Beginning as Previously Reported 17,049,290 -25,552,250 Adjustment of Prior Year (Note 10) 5,554,887 -6,769,418 Net Financial Assets -Beginning as Restated 22,604,177 -32,321,668 Net Financial Assets – End of the Year 13,978,316 $ -$ 22,604,177 $ a) The notes to the Consolidated Financial Statements on pages 47-54 are an integral part of this statement. b) Contingencies and Commitments (Note 9). Statement B Consolidated Statement of Financial Activities For the Year Ended December 31, 2001 The Corporation of the District of Maple Ridge 41 Restated (Note 10) Actual Actual 2001 2000 Cash and Temporary Investments Provided by (Used For): Operations: Excess (Deficiency) of Revenue over Expenditures (8,625,861) $ (9,717,491) $ Decrease (Increase) in Non-Cash Financial Assets Portfolio Investments (8,606,133) (2,015,007) Accounts Receivable (1,066,814) (103,412) Recoverable Local Improvements 1,061,471 1,328,441 Property Held for Resale 1,052,176 (1,378,938) Other Assets 311,058 427,872 (7,248,242) (1,741,044) Increase (Decrease) in Short Term Liabilities Accounts Payable and Accrued Liabilities (450,947) (412,557) Deferred Revenues 501,552 (85,547) Restricted Revenues 2,717,622 (3,766,863) Refundable Performance Deposits and Other (78,600) (451,660) 2,689,627 (4,716,627) Financing: Principal Repaid (2,779,236) (2,075,501) Lease Liability 13,922,339 6,356,280 11,143,103 4,280,779 Decrease in Cash and Temporary Investments (2,041,373) (11,894,383) Cash and Temporary Investments – Beginning of Year 15,293,489 27,187,872 Cash and Temporary Investments – End of Year 13,252,116 $ 15,293,489 $ a) The notes to the Consolidated Financial Statements on pages 47-54 are an integral part of this statement. b) Contingencies and Commitments (Note 9). Consolidated Statement of Change in Temporary Investments For the Year Ended December 31, 2001 Statement C The Corporation of the District of Maple Ridge 42 Restated (Note 10) Actual Budget Actual 2001 2001 2000 Revenue Taxes (Schedule 3) Real property, special assessments, grants in lieu 56,114,145 $ 55,129,873 $ 53,828,253 $ Less: Collections for other governments 26,476,866 25,646,870 25,817,405 Total taxes for municipal purposes 29,637,279 29,483,003 28,010,848 Sale of services (Schedule 6) 4,171,415 4,410,273 3,883,213 Other revenue from own sources (Schedule 4) 3,306,956 3,332,769 3,299,309 Senior government grants – Utilities 640,725 971,467 747,638 Development revenue (Schedule 5) 769,086 270,460 899,267 Provincial transfers 1,117,182 1,489,836 1,084,178 Interest and investment income 1,475,856 975,008 1,351,085 Utility user fees 8,042,035 8,159,120 7,376,220 Net gain on sales of property held for resale 296,381 1,135,000 (93,318) Gain on debt refinancing 1,281,865 -707,859 Proceeds from disposal of capital assets 855,150 2,021,996 1,873,010 51,593,930 52,248,932 49,139,309 Expenditures (Schedule 8) Protective services 10,508,837 11,528,792 10,606,820 Transportation services 4,873,383 5,446,671 4,736,555 Recreation and cultural 8,409,022 8,537,707 7,590,340 Sewer and water facilities 8,425,350 9,228,318 8,288,758 General government 5,750,746 6,360,934 5,727,977 Planning, public health and other 1,847,242 2,090,086 1,782,945 Reallocation of internal equipment usage (1,301,347) (1,223,711) (1,233,073) 38,513,233 41,968,797 37,500,322 Excess of Revenue Over Expenditures 13,080,697 10,280,135 11,638,987 Transfers to Capital (2,543,160) (4,301,758) (1,703,608) Transfers to Reserves (Schedule 14) (6,630,858) (4,721,644) (8,253,154) Principal Repaid (2,779,236) (1,891,392) (2,075,501) Increase (Decrease) in Operating Fund Balances 1,127,443 (634,659) (393,276) Operating Fund Balances – Beginning as Previously Reported 12,148,564 -11,000,872 Adjustment of Prior Year (Note 10) 4,742,082 -6,283,050 Operating Fund Balances –Beginning as Restated 16,890,646 -17,283,922 Operating Fund Balances-End of the Year 18,018,089 $ -$ 16,890,646 $ a) The notes to the Consolidated Financial Statements on pages 47-54 are an integral part of this statement. b) Contingencies and Commitments (Note 9). Consolidated Statement of Changes in Operating Fund Balances For the Year Ended December 31, 2001 Statement D The Corporation of the District of Maple Ridge 43 Restated (Note 10) Actual Budget Actual 2001 2001 2000 Capital Fund Balances -Beginning of Year as previously reported (20,491,137) $ -$ (7,735,355) $ Adjustment of prior year (Note 10) 6,356,280 Capital Fund Balances -Beginning of Year as restated (14,134,857) (7,735,355) Add: Revenues Allocated to Capital Funds Subdivision infrastructure contributions 3,629,494 3,629,494 6,741,247 Senior government grants 278,052 960,507 1,402,835 Development revenue 1,482,245 10,723,943 6,050,351 Other capital contributions 693,224 238,797 1,551,234 6,083,015 15,552,741 15,745,667 Lease Liability incurred 13,922,339 -6,356,280 Internal Transfers Transfer from Revenue Funds 2,543,160 4,301,758 1,703,608 Transfer from Reserve Funds 11,886,366 32,155,303 7,840,250 14,429,526 36,457,061 9,543,858 Less: Capital Expenditures (Schedule 15) 28,596,965 41,252,019 38,045,307 Increase (Decrease) in Capital Fund Balances 5,837,915 10,757,783 (6,399,502) Capital Fund Balances -End Of Year (8,296,942) $ -$ (14,134,857) $ a) The notes to the Consolidated Financial Statements on pages 47-54 are an integral part of this statement. b) Contingencies and Commitments (Note 9). Consolidated Statement of Changes in Capital Fund Balances For the Year Ended December 31, 2001 Statement E The Corporation of the District of Maple Ridge 44 Restated (Note 10) Actual Budget Actual 2001 2001 2000 Reserve Fund Balances -Beginning as Previously Reported 35,092,870 $ 34,063,241 $ Adjustment of Prior Year (Note 10) 812,805 486,368 Reserve Fund Balances -Beginning as Restated 35,905,675 34,549,609 Interest Allocated to Reserves (Schedule 14) 807,392 769,000 943,162 Internal Transfers (Schedule 14) Transfer from Revenue Funds 6,630,858 4,721,644 8,253,154 Transfer to Capital Funds (11,886,366) (32,155,303) (7,840,250) (5,255,508) (27,433,659) 412,904 Increase (Decrease) in Reserve Fund Balances (4,448,116) (26,664,659) 1,356,066 Reserve Fund Balances -End of Year 31,457,559 $ -$ 35,905,675 $ a) The notes to the Consolidated Financial Statements on pages 47-54 are an integral part of this statement. b) Contingencies and Commitments (Note 9). Consolidated Statement of Changes in Reserve Fund Balances For the Year Ended December 31, 2001 Statement F The Corporation of the District of Maple Ridge 45 46 This Page Left Intentionally Blank Notes to the Consolidated Financial Statements The Corporation of the District of Maple Ridge 47 1. Cash and Investments: Cash and Temporary Investments: Cash and temporary investments as at December 31, 2001 were comprised as follows: 2001 2000 Cash $ 2,620,748 $ (332,543) Temporary Investments 10,631,368 15,626,032 $ 13,252,116 $ 15,293,489 Additionally, the Municipality holds temporary investments of $919,128 and agreements receivable of $254,537 for trusts which are not reported elsewhere in the financial statements and are comprised as follows: Balance Interest Balance Dec. 31, 2000 Earned Receipts Disbursements Dec. 31, 2001 Latecomer Fees $ 18,179 $ — $ 54,719 $ 69,991 $ 2,907 Cemetery Perpetual Care 369,237 20,275 37,302 20,275 406,539 School District #42 273,515 — 295,181 281,181 287,515 Greater Vancouver Regional District 413,911 — 654,572 591,779 476,704 $ 1,074,842 $ 20,275 $ 1,041,774 $ 963,226 $ 1,173,665 Portfolio Investments Portfolio investments consist of Provincial Government Bonds, Canadian Government Bonds, Bank Notes and pooled investment funds administered by the Municipal Financing Authority of British Columbia. The carrying value of the security is based on the cost method whereby the cost of the security is adjusted to reflect investment income, which is accruing, and any permanent decline in market value. The carrying value of Portfolio Investments at December 31, 2001 was $37,478,346 ($28,872,213 for 2000) and the market value was $37,655,975 ($28,940,895 for 2000). 2. Accounts Receivable: 2001 2000 Property Taxes $ 2,955,778 $ 2,904,138 Other Governments 1,230,560 1,253,608 General and Accrued Interest 1,833,207 1,628,666 Development Cost Charges 2,654,124 1,749,682 $8,673,669 $ 7,536,094 Less Allowance for Doubtful Accounts ( 80,912) ( 10,150) $ 8,592,757 $ 7,525,943 The Corporation of the District of Maple Ridge 48 3. Recoverable Local Improvements: The Municipality provides interim financing for certain geographically localized capital projects. It later recovers these amounts either from the benefiting property owners or from provincial subsidies. As at December 31, 2001 the recoverable balance was comprised as follows 2001 2000 Recoverable from property owners Transportation and drainage projects $ 749,712 $ 868,488 Local improvement fund projects 733,490 606,559 Sewerage projects 1,137,639 1,456,211 Water System projects 12,962 17,143 2,633,803 2,948,401 Recoverable from Province Sewerage projects 1,684,864 2,248,026 Water System projects 139,468 323,179 1,824,332 2,571,205 Total $ 4,458,135 $ 5,519,606 4. Other Assets: The Municipality has made cash incentive deposits in order to obtain more favourable rates when services are provided in the future. These and other cash deposits made to vendors for which no liability has accrued at December 31, 2001 are carried as Other Assets. These deposits will be charged to expenditures as the related services are rendered. 2001 2000 Ice Sheet Time-Incentive Deposit $ 1,190,000 $ 1,360,000 Other Deposits 51,531 192,589 Total $1,241,531 $ 1,552,589 5. Accounts Payable and Accrued Liabilities: Accounts Payable 2001 2000 General $ 1,571,930 $ 1,778,252 Other Governments 3,633,834 3,932,624 Salaries and Wages 369,370 287,864 Contractors Holdbacks 131,609 304,328 5,706,743 6,303,068 The Corporation of the District of Maple Ridge 49 Accrued Liabilities: Vacation Pay 355,416 333,404 Sick Pay Benefits 59,000 59,000 Severance Pay 1,563,322 1,439,956 1,977,738 1,832,360 $7,684,481 $8,135,428 6. Long Term Debt: Debt principal is reported net of Sinking Fund balances and interest expense is reported net of Sinking Fund earnings. Included in the debenture debt on Schedule 2 are certain debentures payable in U.S. dollars which are recorded on the basis of $1 Canadian equals to $1 U.S. At the year-end this debt amounted to $2,028,397 U.S. and the Canadian dollar equivalent payable was $2,738,336. Foreign exchange costs on debt interest and principal are recognized at the time of payments. The Municipality carries no debt for others. The long-term debt issued and outstanding as at December 31, 2001 was $7,157,615 ($9,701,007 as at December 31, 2000). The following amounts are payable over the next five years: 2002 2003 2004 2005 2006 Water $ 455,611 $ 484,125 $ 260,175 $ 222,198 $ 46,053 Sewer 959,953 650,762 618,687 527,192 275,824 General 340,501 325,578 348,614 367,567 162,463 Development Cost Charges 49,110 55,188 62,018 69,692 78,317 $1,805,175 $1,515,653 $1,289,494 $1,186,649 $ 562,657 7. Debt Reserve Fund: The Municipal Finance Authority of British Columbia provides capital financing for regional districts and their member municipalities. The Authority is required to establish a Debt Reserve Fund. Each regional district, through its member municipalities who share in the proceeds of a debt issue, is required to pay into the Debt Reserve Fund certain amounts set out in the debt agreements. The Authority pays into the Debt Reserve Fund these monies from which interest earned thereon less administrative expenses becomes an obligation to the regional districts. It must then use this fund, if at any time there are insufficient funds, to meet payments on its obligations. When this occurs the regional districts may be called upon to restore the fund. The Corporation of the District of Maple Ridge 50 Upon the maturity of a debt issue the unused portion of the Debt Reserve Fund established for that issue will be discharged to the Municipality. The proceeds from these discharges will be credited to income in the year they are received. As at December 31, 2001 the total of the Debt Reserve Fund which is not reported elsewhere in these financial statements was comprised of: 2001 2000 General Program $ 272,516 $ 290,946 Water 249,503 398,573 Sewer 658,266 617,700 $1,180,285 $1,307,219 8. Capital Fund Balances: The deficiency in Capital Fund balances is comprised of capital expenditures for which long term funding has not yet been drawn: As at December 31,2001 the Capital Fund Deficiencies were: 2001 2000 General Capital Fund $7,657,167 $ 13,524,559 Water Supply System Capital Fund 214,228 226,515 Sanitary Sewer Capital Fund 425,548 383,783 $8,296,942 $ 14,134,857 Funding to be provided by: 2001 2000 Land Reserve $ 535,987 $ 1,808 Committed Project Reserve 2,183,596 2,261,712 Capital Works Reserve Fund 1,433,687 1,564,592 Community Service Reserve -59,642 Gravel Extraction Reserve -115,800 Local Improvement Reserve 921 225,000 Fire Capital Acquisition Reserve 353,825 486,820 Equipment Replacement Reserve -4,049 Grants (unapplied) and Other (16,077) 513,992 Recycling Reserve -346,362 Core Reserve 3,805,003 8,555,081 $ 8,296,942 $14,134,857 9. Commitments and Contingencies: (a) Contingent Liabilities (i) The Municipality, as a member of the Greater Vancouver Regional District, the Greater Vancouver Sewerage and Drainage District and the Greater Vancouver Water District, is jointly and severally liable for their net capital liabilities. The Corporation of the District of Maple Ridge 51 (ii) The loan agreements with the Municipal Finance Authority provide that if the Authority does not have sufficient funds to meet payments on its obligations it shall make payments from the Debt Reserve Fund which in turn is established by a similar Debt Reserve Funds in the Municipality and all other borrowing participants. If the Debt Reserve Fund is deficient the Authority’s obligations become a liability of the regional district and may become a liability of the participating municipalities. (b) Pension Liability The Municipality and its employees contribute to the Municipal Pension Plan (the plan), a jointly trusted pension plan governed by the BC Public Sector Pension Plans Act. The pension plan is a multi-employer contributory defined benefit pension plan with about 125,000 active contributors, including approximately 26,000 contributors from over 180 local governments. Joint trusteeship was established effective April 5, 2001. The board of trustees, representing plan members and employers, is fully responsible for the management of the pension plan, including investment of the assets and administration of the plan. The British Columbia Pension Corporation provides benefit administration services and the British Columbia Investment Management Corporation provides investment management services for the pension plan. Every three years an actuarial valuation is performed to assess the financial position of the plan and the adequacy of plan funding. The most recent valuation as of December 31, 2000 indicates a surplus of $436 million, an improved position of 9% surplus of covered payroll from a 14% unfunded liability of covered payroll as at the previous valuation of December 31, 1997. The Joint Trust Agreement specifies how surplus assets can be used. The actuary does not attribute portions of the surplus to individual employers. Each employer expenses contributions to the plan in the year in which payments are made. Employer contributions to the plan for 2001 were $692,736; they are included in consolidated operating expenditures. Employee contributions for 2001 were $720,398. (c) Reciprocal Insurance Exchange Agreement The Municipality is a subscribed member of the Municipal Insurance Association of British Columbia (the “Exchange”) as provided by Section 3.02 of the Insurance Act of the Province of British Columbia. The main purpose of the Exchange is to pool the risks of liability so as to lessen the impact upon any Subscriber. Under the Reciprocal Insurance Exchange Agreement the Municipality is assessed a premium and specific deductible for its claims based on population. The obligation of the Municipality with respect to the Exchange and/or contracts and obligations entered into by the Exchange on behalf of its Subscribers in connection with the Exchange are in every case several, and not joint and several. The Municipality irrevocably and unconditionally undertakes and agrees to indemnify and save harmless the other Subscribers against liability losses and costs which the other Subscriber may suffer. (d) Third Party Claims Various lawsuits and claims are pending by and against the District. It is the opinion of management that final determination of these claims will not materially affect the financial position of the Municipality. Any ultimate settlements will be recorded in the year the settlements occur. The Corporation of the District of Maple Ridge 52 (e) Contractual Obligations (i) Sewer and Water (a) Under cost sharing agreements with the Greater Vancouver Water District, the Municipality is committed to make annual payments as follows: Until the year 2006 totaling $354,581 plus related interest for the new water reservoir on Dewdney Trunk Road at 248th Street, the current annual payment is $87,149 including interest until 2006 when the payment terms are to be renegotiated. Until the year 2012 totaling $1,353,517 plus related interest for the new Water main Joint 1. Current annual payment is $226,736 including interest until 2012. (b) Under a cost sharing agreement with the Greater Vancouver Sewerage and Drainage District, the Municipality is committed to make annual payments until 2012 totaling $1,972,715 plus related interest for facilities in the Maple Ridge/Pitt Meadows sub-area. The current annual payment is $220,482 plus interest. (ii) Recreation and Cultural Services (a) In 1998 the Municipality entered into an agreement to purchase ice sheet time for five years commencing in 1999, with a five year renewal option. Payments required under this agreement are $500,000 per year until 2003. In 2003 the Municipality must elect either to pay an additional $2.5 million or to pay $500,000 per year (adjusted by the increase in the CPI since 1998) for an additional five year period. (f) Town Centre Development (i) The Municipality has entered into agreements for the construction of facilities in the downtown core area comprising an office complex, library, leisure youth centre and arts centre. Construction is expected to be completed by June 2003. The terms of the agreements on each of four facilities provide for lump sum payments and buy out options at the end of an initial five year lease period. Total payments due for these facilities are as follows. Year Amount 2002 $ 1,620,000 2003 2,100,000 2004 2,480,000 2005 2006 2007 2,480,000 20,640,000 11,290,000 $40,610,000 The Municipality accrues the liability due under these agreements based on the percentage of the cost of each facility completed. The cost has been determined by discounting the cash flow associated with each facility. Once a facility is completed payments are recorded against the liability and apportioned to principal and interest. The Corporation of the District of Maple Ridge 53 As at December 31, 2001 the cost of work completed under this agreement was approximately $27.4 Million ($14.9 Million for 2000) and the amount financed was $20,042,775 ($6.4 Million for 2000). The Municipality is attempting to extend financial arrangements of these agreements by seeking enabling provincial legislation. In the event that enabling provincial legislation is passed, the agreements provide that no lump sum payments would be due. Payments would continue at approximately $2,550,000 per year (adjusted by the increase in the CPI since any payment commencement dates, at five year intervals) for a further twenty years. 10. Prior Year Adjustments Change in Accounting Policies: a) The Municipality has changed it accounting policy for local improvements by recognizing amounts recoverable as Financial Assets and by removing payments received for local improvements from Deferred Revenue. This change has resulted in the beginning Net Financial Assets for 2000 increasing by $7,056,073 and the beginning Net Financial Assets for 2001 increasing by $5,822,694. This change has also resulted in changing Consolidated Revenue for 2000 and 2001 as follows: 2001 2000 Taxation Revenue (decreased) by $ (701,679) $ (1,140,260) Government Grant Utilities (decreased) by (746,873) (772,358) Other Income increased by 260,151 352,802 Development fees have increased by 225,000 326,437 b) The Municipality has removed Deferred Charges from its Financial Assets. This change resulted in the beginning Net Financial Assets being reduced for 2000 by $286,655 and for 2001 by $267,807 and Consolidated Expenditures being reduced for 2000 by $18,848 and for 2001 by $27,498. The cumulative effect of these changes has increased the opening Reserve Fund balances for 2000 by $486,368 and $812,805 for 2001. The opening Operating Fund balances have increased by $6,283,050 for 2000 and $4,742,082 for 2001. Where applicable interfund transfers have also been restated to reflect these changes. c) The Lease Liability has been reclassified as a liability of the Capital Funds. Long term debt is the source of funding, increasing the ending 2000 Capital Fund balances by $6,356,280. 11. Comparative Figures: Certain of the 2000 comparative figures have been reclassified to conform to the presentation in 2001. The significant reclassifications of the 2000 figures were: a) The Mortgage Receivable ($1,450,000) has been offset against the Deferred Revenue associated with this asset ($1,450,000). The Corporation of the District of Maple Ridge 54 b) The gain on debt refinancing ($707,859) has been reported separate from Other Income. c) Capital Assets and Fund Balances have been removed from the statement of Financial Position. Fund Balances are now reported only in Statements D, E, and F Capital Assets are disclosed in Schedule 1. 12. Interest Expenditures: Interest expenditures consist of debenture debt interest, lease financing costs, and interest on tax prepayments. Interest is apportioned to functional areas of expenditure based on the related debts incurred as follows: Debenture Lease Interest on Total Debt Interest FinancingTax Prepayments Interest Transportation Services $ 157,486 $ — $ — $ 157,486 Recreation and Cultural 153,888 530,069 — 683,957 Sewer and Water Facilities 787,247 — — 787,247 General Government Services 15,774 191,126 68,641 275,541 $1,114,395 $ 721,195 $ 68,641 $1,904,231 55 56 This Page Left Intentionally Blank Supporting Schedules 57 2001 2000 General Capital Fund Public Works: Roads and bridges 115,076,715 $ 108,900,419 $ Drainage 40,311,896 39,021,470 Sidewalks 8,268,269 7,970,384 Equipment 6,136,692 5,927,215 Supplies Inventory 79,917 95,284 Other 1,842,703 1,842,703 171,716,192 163,757,475 General Government: Land 5,761,684 6,090,864 Buildings and equipment 17,074,564 14,019,532 22,836,248 20,110,396 Protective: Firehalls and equipment 7,777,291 7,550,076 Police buildings and equipment 3,090,166 3,090,166 Search & Rescue 163,080 163,080 11,030,537 10,803,322 Parks and Recreation: Parks and playgrounds 24,956,666 24,223,539 Recreation facilities and equipment 29,112,097 24,095,201 54,068,763 48,318,740 Public and Environmental Health 2,168,923 1,499,078 Total General Capital Fund 261,820,663 244,489,011 Water Supply System Capital Fund Land 122,261 122,261 Supplies Inventory 87,261 45,000 Water Lines 38,535,870 36,984,821 Total Water Supply System Capital Fund 38,745,392 37,152,082 Sanitary Sewer Capital Fund Land 12,049 182,035 Supplies Inventory 35,213 45,000 Sewer Lines 49,581,291 48,643,662 Total Sanitary Sewer Capital Fund 49,628,553 48,870,697 Work in Process Unfunded Work in Process (Note 8) 8,296,942 14,134,857 Funded Work in Process 23,658,470 9,986,085 Total Work in Process 31,955,412 24,120,942 Total 382,150,020 $ 354,632,732 $ Schedule 1 The Corporation of the District of Maple Ridge Schedule of Capital Assets As at December 31, 2001 58 Maturity Date of Issue Bylaw Purpose Dates Recreation and Cultural Dec 01, 1980 2836 Leisure Pool Complex 1980 – 2005 Nov 15, 1983 3152 Leisure Pool Complex 1984 – 2008 Jun 12, 1985 3477 Leisure Pool Final Draw 1985 – 2010 Subtotal Recreation and Cultural Transportation Services Public Works Jun 02, 1986 3713 Albion Storm Sewer (3547) (MFA 39) 1986 – 2001 Jun 12, 1985 3471 ARDSA Project 1985 – 2010 Local Improvements Jun 02, 1986 3713 Street Paving (3544) (MFA 39) 1986 – 2001 Jun 02, 1986 3713 Street Paving (3615) (MFA 39) 1986 – 2001 Jun 02, 1986 3713 Street Paving (3636) (MFA 39) 1986 – 2001 Jun 30, 1987 3861/3636 Stage III Road Paving (MFA 41) 1988 – 2002 Jun 30, 1987 3861/3711 Stage II Road Paving (MFA 41) 1988 – 2002 Jun 30, 1987 3866/3544 Road Paving (MFA 41) 1988 – 2002 Jun 30, 1987 3866/3615 Road Paving (MFA 41) 1988 – 2002 Jun 30, 1987 3866/3711 Road Paving (MFA 41) 1988 – 2002 May 11, 1988 3679 Road Paving (MFA 44) 1988 – 2003 May 11, 1988 3785 Curb and Gutter Lougheed L.I.P. (MFA 44) 1988 – 2003 May 11, 1988 3902 Road Paving (MFA 44) 1988 – 2003 May 09, 1989 4052 Stage 1 Paving 1989 – 2004 May 09, 1989 4060 248th Street Paving 1989 – 2004 May 09, 1989 4061 110th Street Paving 1989 – 2004 May 09, 1989 4064 122nd Street Paving 1989 – 2004 Oct 24, 1990 4324 Chigwell St. Storm L.I.P. (MFA 49) 1990 – 2005 May 13, 1992 4667 Downtown Parking 1992 – 2002 Dec 01, 1995 5291 Downtown Parking Issue 61 1995 – 2010 Development Cost Charges Jun 15, 1983 3086 Storm Sewer System D.C.C. (MFA 33) 1983 – 2008 Subtotal Transportation General Government Services Jul 28, 1999 n/a Telephone Equipment Lease 1999 – 2004 Schedule 2 General Capital Fund The Corporation of the District of Maple Ridge Debenture Debt For the Year Ended December 31, 2001 59 Debentures Interest Outstanding and Debenture Debt Original Before 2001 Exchange Retirements December 31, Interest Debenture Debt Retirement 2001 2001 2001 Rates * 1,680,055 $ 833,326 $ 133,403 $ 126,519 $ 706,807 $ 13.820 350,000 160,503 15,771 16,808 143,695 $ 11.125 – 11.500 111,700 61,198 4,714 4,866 56,332 $ 12.500 2,141,755 1,055,027 153,888 148,193 906,834 400,000 36,701 585 36,701 -9.750 131,180 71,870 5,547 5,714 66,156 12.500 32,580 2,989 48 2,989 -9.750 20,736 1,902 30 1,902 -9.750 38,488 3,532 56 3,532 -9.750 23,290 4,172 530 2,035 2,137 9.30 – 10.000 281,500 50,428 6,404 24,599 25,829 9.30 – 10.000 26,400 4,729 605 2,307 2,422 9.30 – 10.000 63,100 11,304 1,441 5,514 5,790 9.30 – 10.000 69,160 12,389 1,574 6,043 6,346 9.250 10,800 2,833 196 898 1,935 10.000 50,000 13,118 882 4,161 8,957 10.000 19,106 5,013 346 1,590 3,423 10.000 118,805 40,587 3,744 9,417 31,170 10.900 17,398 5,944 558 1,379 4,565 10.900 15,297 5,226 491 1,213 4,013 10.900 3,500 1,196 112 278 918 10.900 5,455 2,275 196 412 1,863 11.200 1,200,000 668,967 88,401 82,162 586,805 9.628 300,000 223,179 20,047 17,744 205,435 9.628 339,600 217,848 25,693 17,471 200,377 12.375 3,166,395 1,386,202 157,486 228,061 1,158,141 227,086 179,324 15,774 33,715 145,609 7.000 5,535,236 $ 2,620,553 $ 327,148 $ 409,969 $ 2,210,584 $ Schedule 2 -continued 60 Maturity Date of Issue Bylaw Purpose Dates Local Improvements Dec 05, 1984 3404 236th Street Water Line 1984 – 2004 Jun 02, 1986 3713 136th Avenue Water Line (3449) (MFA 39) 1986 – 2001 Jun 02, 1986 3713 256th Street Water Line (3635) (MFA 39) 1986 – 2001 May 02, 1988 3817 129th Avenue Water Line L.I.P. (MFA 44) 1988 – 2003 May 02, 1988 3800 117th Avenue Water Line L.I.P. (MFA 44) 1988 – 2003 May 09, 1989 4057 Edge Street Water Line (MFA 46) 1989 – 2004 Water Improvement Program Jul 01, 1979 2738 232nd Street Water Improvement 1979 – 2004 Jul 01, 1979 2769 D.T.R. 240th St. – 263rd St. Water Improvement 1979 – 2004 Dec 01, 1980 2837 Water Improvement Program 1980 – 2005 Apr 29, 1980 2906 Water Improvement Program Phase 1 1981 – 2006 Oct 27, 1982 3059 Water Improvement Program 1982 – 2002 Jun 15, 1983 3057 Water System Stage II (MFA 33) 1983 – 2003 Jun 12, 1985 3496 Water Improvement Program Phase III 1985 – 2010 Oct 24, 1990 4324 Water Improvement Project (MFA 49) 1990 – 2005 Development Cost Charges Jun 15, 1983 3084 Water System D.C.C. (MFA 33) 1983 – 2008 Other Long Term Debt Loan Payable G.V.W.D. * See Note 6 Schedule 2 Debenture Debt The Corporation of the District of Maple Ridge Water Supply System Capital Fund For the Year Ended December 31, 2001 61 Debentures Interest Outstanding and Debenture Debt Original Before 2001 Exchange Retirements December 31, Interest Debenture Debt Retirement Paid in 2001 in 2001 2001 Rates 21,974 $ -$ 28 $ -$ -$ 12.5 37,745 3,463 55 3,463 -10 19,392 1,779 -1,779 -10 11,201 2,939 203 932 2,007 10 9,605 2,520 174 800 1,720 10.9 42,230 14,427 1,322 3,347 11,080 10.9 173,393 60,072 5,260 12,971 47,101 9.625 345,980 122,488 11,177 26,296 96,192 10.000 * 768,758 381,313 61,030 57,892 323,421 13.65 – 14.000 2,000,000 720,266 49,773 720,266 -12.500 34,500 5,148 413 2,511 2,637 12.350 2,000,000 653,334 67,724 192,966 460,368 12.375 640,000 350,641 27,020 27,878 322,763 12.500 891,840 371,996 26,478 67,321 304,675 11.200 113,600 72,873 8,620 5,845 67,028 11.250 -64,566 (1,322) 49,382 15,184 7,110,218 $ 2,827,825 $ 257,955 $ 1,173,649 $ 1,654,176 $ Schedule 2 -continued 62 Maturity Date of Issue Bylaw Purpose Dates Master Sewer Program Jan 22, 1980 2819 Master Sewer Program 1980 – 2005 Dec 01, 1980 2838 Sewer Area “A” 1980 – 2005 Jan 15, 1982 3019 Sewer Area “A” 1982 – 2006 Jan 15, 1982 3020 Sewer Area “A” 1982 – 2006 Oct 27, 1982 3058 Sewer Area “A” 1982 – 2002 Local Improvements Jun 12, 1985 3507 Sanitary Sewer 3268–207th and D.T.R. 1985 – 2005 Dec 12, 1985 3617 Sanitary Sewer 203rd Street (3475) 1985 – 2005 May 11, 1988 3622 Sanitary Sewer Colemore St. L.I.P. (MFA 44) 1988 – 2008 May 11, 1988 3818 Sanitary Sewer Barclay St. L.I.P. (MFA 44) 1988 – 2008 May 11, 1988 3894 Sanitary Sewer Hampton St. L.I.P. (MFA 44) 1988 – 2003 May 09, 1989 3894 Sanitary Sewer Hampton St. L.I.P. (MFA 46) 1989 – 2004 May 09, 1989 4116 Sanitary Sewer Eagle Ave. L.I.P. (MFA 46) 1989 – 2004 Oct 24, 1990 4324 Sanitary Sewer 206th St. L.I.P. (MFA 49) 1990 – 2005 Oct 24, 1990 4324 Sanitary Sewer Chatwin Ave. L.I.P. (MFA 49) 1990 – 2005 Jun 15, 1983 3078 Sanitary Sewer Line Construction (MFA 33) 1983 – 2003 Jun 15, 1983 3079 Sanitary Sewer Line Construction (MFA 33) 1983 – 2003 May 13, 1992 4667 Sanitary Sewer Wharf Street (4462) 1992 -2002 May 13, 1992 4667 Sanitary Sewer 240th Street Albion (4468) 1992 -2002 Sewage Treatment Plant Aug 01, 1977 2532 Sewage Treatment Plant 1977 – 2001 Jun 01, 1978 2531 Sewage Treatment Plant 1979 – 2003 Development Cost Charges Jun 15, 1983 3085 Sewer System D.C.C. (MFA 33) 1983 – 2008 * See Note 6 Schedule 2 -continued The Corporation of the District of Maple Ridge Sanitary Sewer Capital Fund For the Year Ended December 31, 2001 Debenture Debt 63 Debentures Interest Outstanding and Debenture Debt Original Before 2001 Exchange Retirements December 31, Interest Debenture Debt Retirement Paid in 2001 in 2001 2001 Rates 1,501,608 $ 516,427 $ 49,260 $ 111,725 $ 404,702 $ 9.500 * 2,117,325 1,050,217 168,106 159,449 890,768 13.820 750,000 443,316 67,142 50,269 393,047 14.750 1,531,916 743,745 75,359 95,789 647,956 10.000 4,600,000 686,338 55,110 334,799 351,539 12.500 18,150 6,306 (2) 6,306 -12.500 2,884 1,002 93 181 821 11.150 78,774 40,854 2,403 4,279 36,575 10.000 30,433 15,783 912 1,653 14,130 10.000 90,700 23,796 1,588 7,548 16,248 10.000 24,744 8,453 781 1,961 6,492 10.900 4,943 1,689 159 391 1,298 10.900 16,952 7,071 446 1,280 5,791 11.200 118,832 49,566 3,126 8,970 40,596 11.200 16,000 5,227 550 1,544 3,683 12.350 254,000 82,973 8,584 24,506 58,467 12.350 199,109 47,946 10,330 23,389 24,557 9.628 112,375 62,646 8,235 7,694 54,952 9.628 578,190 50,764 2,406 50,764 -8.000 * 584,322 154,290 44,589 46,889 107,401 9.250 – 9.375 396,300 254,220 30,115 20,388 233,832 12.375 13,027,557 $ 4,252,629 $ 529,292 $ 959,774 $ 3,292,855 $ 2,210,584 $ 1,654,176 3,292,855 7,157,615 $ Schedule 2 -continued Sanitary Sewer Capital Fund SUMMARY: Water Supply System Capital Fund General Capital Fund 64 2001 2001 2000 Actual Budget Actual General purposes-gross taxes 25,770,390 $ 25,805,463 $ 24,421,111 $ Less: Municipally owned property (76,290) (76,596) (98,984) General purposes-net taxes 25,694,100 25,728,867 24,322,127 Special assessments and local improvements 951,462 944,118 807,982 Sewer levy 637,552 642,395 622,271 Water levy 999,000 1,017,159 987,856 Grants in lieu of taxes 1,355,165 1,150,464 1,270,612 Total Taxes for Municipal Purposes 29,637,279 29,483,003 28,010,848 Collections for other governments: School Districts -Provincial Government 21,838,163 21,085,944 21,526,490 British Columbia Assessment Authority 703,626 682,344 699,559 Regional Library 1,537,006 1,537,006 1,244,091 Dyking Districts 148,034 142,248 134,626 Greater Vancouver Regional District Parks 595,876 595,900 589,890 Greater Vancouver Transportation Authority 1,652,815 1,602,096 1,621,407 Municipal Finance Authority 1,346 1,332 1,342 Total Collections for Other Governments 26,476,866 25,646,870 25,817,405 Real Property, Special Assessments, Grants In Lieu 56,114,145 $ 55,129,873 $ 53,828,253 $ Schedule 3 The Corporation of the District of Maple Ridge Tax Levies For the Year Ended December 31, 2001 65 2001 2001 2000 Actual Budget Actual Business licences 334,666 $ 339,996 $ 353,824 $ Delivery vehicle licences 20,948 21,996 20,076 Building permits 1,017,751 1,178,004 1,038,840 Dog licences 145,139 139,896 142,880 Fines 108,748 83,220 103,663 Property rentals 375,997 370,908 370,036 Subdivision inspection fees and other 290,286 374,484 291,865 Penalties and interest on taxes 706,501 561,114 623,742 Financing charges Recoverable Local Improvements 304,610 260,151 352,802 Donations and non government grants 2,310 3,000 1,581 Total Other Revenue from Own Sources 3,306,956 $ 3,332,769 $ 3,299,309 $ Schedule 4 The Corporation of the District of Maple Ridge Other Revenue from Own Sources For the Year Ended December 31, 2001 66 2001 2001 2000 Actual Budget Actual Development Revenue Received Through: Revenue Funds Development Cost Charges 314,162 $ 270,460 $ 340,869 $ Contributions in Lieu of Development Cost Charges --26,840 Local Improvements 225,000 -407,533 Sewer Expansion by 286 Agreement 229,924 -124,025 769,086 270,460 899,267 Capital Funds Other Capital Contributions 693,224 238,797 1,551,234 Parkland Dedications 4,513 616,089 2,810,434 Specified Capital Fees 277,938 132,641 69,160 Development Cost Charges 1,199,794 9,975,213 3,170,757 2,175,469 10,962,740 7,601,585 Total Development Revenue 2,944,555 $ 11,233,200 $ 8,500,852 $ Schedule 5 The Corporation of the District of Maple Ridge Schedule of Development Revenue For the Year Ended December 31, 2001 67 2001 2001 2000 Actual Budget Actual General Revenue Fund: General government 387,262 $ 408,492 $ 381,960 $ Transportation 66,222 133,284 101,446 Cemetery 217,064 193,219 157,302 Recreation (Schedule 13) 2,821,528 2,676,330 2,508,716 Gravel sales 147,449 364,752 124,792 Policing and firefighting fees 222,504 227,000 344,449 Recycling fees 76,495 80,004 72,723 Total General Revenue Fund 3,938,524 4,083,081 3,691,388 Water Revenue Fund Connection fees 162,230 222,384 129,937 Sewer Revenue Fund Connection fees 70,661 104,808 61,888 Total Sale of Services 4,171,415 $ 4,410,273 $ 3,883,213 $ Schedule 6 The Corporation of the District of Maple Ridge Schedule of Sale of Services For the Year Ended December 31, 2001 68 2001 2000 2001 2000 Beginning Balance 8,613,116 $ 9,957,412 $ 823,751 $ 3,493,494 $ Interest Earned 398,045 365,123 46,785 141,628 Collections 3,766,595 1,802,207 91,843 (937) Expenditures -Operating (314,162) (340,869) --Expenditures -Capital (1,199,794) (3,170,757) (4,513) (2,810,434) Ending Balance 11,263,800 $ 8,613,116 $ 957,866 $ 823,751 $ Schedule 7 The Corporation of the District of Maple Ridge Continuity Schedule of Restricted Revenues For the Year Ended December 31, 2001 Development Cost Charges Parkland Acquisition Charges 69 2001 2000 2001 2000 2001 2000 104,136 $ 99,028 $ 2,776,309 $ 2,534,241 $ 12,317,312 $ 16,084,175 $ 5,448 5,108 142,922 125,534 593,200 637,393 --62,391 212,534 3,920,829 2,013,804 ---(26,840) (314,162) (367,709) --(277,938) (69,160) (1,482,245) (6,050,351) 109,584 $ 104,136 $ 2,703,684 $ 2,776,309 $ 15,034,934 $ 12,317,312 $ Downtown Parking Charges Schedule 7 -continued Developer Specified Projects Total Restricted Revenues 702001 2001 2001 2001 Operating Operating Actual Operating Salaries Interest Operating Budget Goods & Services (Note 12) Total Total Protective Services (Schedules 11, 15) 10,508,837 $ -$ 10,508,837 $ 11,528,792 $ Transportation Services (Schedules 9, 15) 4,715,897 157,486 4,873,383 5,446,671 Recreation & Cultural (Schedules 13, 15) 7,725,065 683,957 8,409,022 8,537,707 Sewer & Water Facilities (Schedules 12, 15) 7,638,103 787,247 8,425,350 9,228,318 General Government (Schedules 10, 15) 5,475,205 275,541 5,750,746 6,360,934 Planning, Public Health and Other 1,847,242 -1,847,242 2,090,086 Reallocation of Internal Equipment (1,301,347) -(1,301,347) (1,223,711) Subdivision Infrastructure ----Total Expenditures 36,609,002 $ 1,904,231 $ 38,513,233 $ 41,968,797 $ Schedule 8 The Corporation of the District of Maple Ridge Operating Schedule of Expenditure by Object of Expenditure For the Year Ended December 31, 2001 71 2001 2001 2001 2001 Total Total Actual Budget Actual Budget Capital Capital Expenditures Expenditures 106,972 $ 5,363,824 $ 10,615,809 $ 16,892,616 $ 3,674,357 7,721,415 8,547,740 13,168,086 16,457,033 13,582,580 24,866,055 22,120,287 1,608,854 5,329,038 10,034,204 14,557,356 3,114,551 5,456,619 8,865,297 11,817,553 5,704 169,049 1,852,946 2,259,135 --(1,301,347) (1,223,711) 3,629,494 3,629,494 3,629,494 3,629,494 28,596,965 $ 41,252,019 $ 67,110,198 $ 83,220,816 $ Schedule 8 -continued Capital Consolidated 72 2001 2001 2000 Actual Budget Actual Common Services Supervision 79,492 $ 79,745 $ 81,546 $ Stores and clerical 346,253 360,454 348,358 Consulting fees 40,538 53,196 20,256 Trucks and heavy equipment maintenance 541,553 454,199 444,432 Gas and oil 189,116 189,168 162,311 Insurance 69,301 79,500 63,009 Small tools and equipment 34,843 36,252 21,693 Municipal yards maintenance 137,650 166,545 149,386 Total Common Services 1,438,746 1,419,059 1,290,991 Engineering Salary recoveries (700,260) (488,154) (691,688) Administrative 833,832 840,750 877,977 Technical support 579,379 610,108 455,145 Supplies 51,128 42,528 50,506 Vehicle costs 63,192 59,496 64,889 Total Engineering 827,271 1,064,728 756,829 Roads and Streets Maintenance Streets, lanes and sidewalks 1,132,375 1,187,559 958,227 Drains, ditches and culverts 231,508 270,727 247,814 Storm sewers 141,146 211,430 188,799 Snow removal and sanding 116,759 135,803 180,919 Total Roads and Streets Maintenance 1,621,788 1,805,519 1,575,759 Parking 20,258 114,768 19,109 Bridges 22,119 65,688 16,217 Street Lighting 324,530 299,577 315,405 Traffic Control Facilities 443,121 461,481 419,139 Subdivision Inspection 18,064 18,360 11,669 Total Transportation Services 4,715,897 $ 5,249,180 $ 4,405,118 $ Schedule 9 The Corporation of the District of Maple Ridge Transportation Services For the Year Ended December 31, 2001 73 2001 2001 2000 Actual Budget Actual Administration, personnel and clerks' departments 1,911,706 $ 1,976,193 $ 1,671,322 $ Finance department 819,464 902,696 836,729 Information services department 489,642 540,928 386,700 Computer operations and telephone 437,244 559,044 396,040 Legislative 178,621 173,808 180,872 Grants and donations 148,615 105,066 2,356 Legal and audit fees 114,119 164,688 290,231 Advertising, printing and stationery 71,822 57,703 65,928 Municipal hall maintenance and landscaping 349,602 495,722 508,573 Telephone, postage and office equipment maintenance 55,755 61,944 49,225 Travel and convention 98,029 102,182 113,228 Insurance 320,507 334,860 279,611 Miscellaneous and property rentals 258,702 249,300 263,695 Election --4,313 Public relations and negotiations 131,206 200,280 549,292 Economic development 90,171 132,024 30,541 Total General and Administrative Expenses 5,475,205 $ 6,056,438 $ 5,628,656 $ Schedule 10 The Corporation of the District of Maple Ridge General and Administrative Expenses For the Year Ended December 31, 2001 74 2001 2001 2000 Actual Budget Actual Police protection 7,620,634 $ 8,279,974 $ 7,583,357 $ Fire protection 1,595,970 1,879,058 1,633,795 Emergency measures 37,071 79,172 33,774 Building inspection 849,706 848,730 971,849 Animal control 192,810 210,204 193,672 By-law enforcement 212,646 231,654 190,373 Total Protective Services 10,508,837 $ 11,528,792 $ 10,606,820 $ Schedule 11 The Corporation of the District of Maple Ridge Schedule of Protective Services For the Year Ended December 31, 2001 75 2001 2001 2000 Actual Budget Actual Administration 897,222 $ 860,516 $ 813,634 $ Water Distribution 1,215,754 1,197,726 1,120,059 Water Purchases 1,997,025 2,218,352 1,844,608 Sewerage Collection 547,833 627,259 494,504 Sewerage Treatment 2,980,269 3,249,732 2,881,679 Total Sewer and Water Utilities 7,638,103 $ 8,153,585 $ 7,154,484 $ Schedule 12 The Corporation of the District of Maple Ridge For the Year Ended December 31, 2001 Schedule of Sewer and Water Utilities 76 2001 2001 2000 2001 2001 2001 2001 Actual Budget Actual Actual Budget Actual Budget Operating Operating Operating Revenue Revenue Expenditures Expenditures Deficit Deficit Deficit Leisure Centres 801,757 $ 744,052 $ 1,261,740 $ 1,186,796 $ (459,983) $ (442,744) $ (367,697) $ Ice Sheet Facilities 268,686 347,544 1,132,458 906,188 (863,772) (558,644) (972,779) Programs 1,181,776 1,015,906 2,284,957 2,134,164 (1,103,181) (1,118,258) (976,030) Outdoor Pools 42,780 55,298 57,798 70,404 (15,018) (15,106) (8,843) Parks, Playground, and Other 491,263 476,792 1,634,938 1,632,609 (1,143,675) (1,155,817) (1,525,970) Seniors' Recreation Centres 35,266 36,738 140,714 150,000 (105,448) (113,262) (153,540) General and Administrative Expenses --1,212,460 1,343,546 (1,212,460) (1,343,546) (911,960) Total 2,821,528 $ 2,676,330 $ 7,725,065 $ 7,423,707 $ (4,903,537) $ (4,747,377) $ (4,916,819) $ Schedule 13 The Corporation of the District of Maple Ridge Summary Schedule of Recreation and Cultural Revenue and Expenditure For the Year Ended December 31, 2001 77 78 Balance Interest Intra-Reserve Dec.31, 2000 Allocated Transfers Reserve Funds: Local Improvement 1,075,820 $ 16,966 $ (438,886) $ Equipment Replacement 3,205,339 174,836 -Capital Works 6,571,103 159,810 438,886 Fire Department Capital Aquisitions 3,366,300 159,890 -Sanitary Sewer 1,972,724 104,865 -Land 1,197,881 52,938 -Total Reserve Funds 17,389,167 669,305 -General Revenue Fund Reserve Accounts: Specific Projects 4,053,166 --Self Insurance 581,148 31,664 3,501 Police Services 29,883 1,563 -Core Development 9,698,338 26,989 -Recycling 741,125 30,005 -Community Development 60,518 44 -Building Inspections 402,963 21,082 -Gravel Extraction 468,917 24,742 -Neighbourhood Improvements -198 45,824 Recreation Facility Maintenance -1,800 (45,824) Snow Removal 200,000 --Youth Centre 20,000 --Cemetery Maintenance 650 --Service Severance 63,630 --Total General Revenue Fund Reserve Accounts 16,320,338 138,087 3,501 Other Reserve Accounts: Sewer Revenue Fund-Self insurance 76,785 -(1,667) Sewer Revenue Fund-Specific Projects 1,032,732 --Water Revenue Fund-Specific Projects 983,653 --Water Revenue Fund-Self insurance 103,000 -(1,834) Total Other Reserve Accounts 2,196,170 -(3,501) Total Reserves 35,905,675 $ 807,392 $ -$ For the Year Ended December 31, 2001 The Corporation of the District of Maple Ridge Schedule 14 Continuity Schedule of Reserves 79 Transfers Transfers Balance Revenue Funds Capital Funds Dec.31, 2001 343,085 $ (225,000) $ 771,985 $ 1,157,749 (1,004,134) 3,533,790 1,736,317 (1,111,628) 7,794,488 489,461 (227,216) 3,788,435 --2,077,589 --1,250,819 3,726,612 (2,567,978) 19,217,106 2,206,636 (1,200,394) 5,059,408 (65,839) -550,474 --31,446 136,662 (7,000,000) 2,861,989 132,285 (348,642) 554,773 -(59,641) 921 --424,045 13,500 (115,800) 391,359 --46,022 63,467 -19,443 --200,000 1,500 -21,500 34,580 -35,230 --63,630 2,522,791 (8,724,477) 10,260,240 6,500 -81,618 228,836 (96,082) 1,165,486 139,619 (497,829) 625,443 6,500 -107,666 381,455 (593,911) 1,980,213 6,630,858 $ (11,886,366) $ 31,457,559 $ Schedule 14 -continued 80 Schedule 15 The Corporation of the District of Maple Ridge Consolidated Schedule of Source and Use of Capital Funding For the Year Ended December 31, 2001 Operating Development Contributed Lease Equipment Funds Revenue Assets Grants Liability Replacement Unfunded Expenditures (by funding source) Beginning of year -$ -$ 318,164 $ 694,085 $ (1,143,257) $ 4,049 $ Redesignation of funding sources -118,384 (509,083) 117,446 1,143,257 --118,384 (190,919) 811,531 -4,049 Use of Capital Funding Protective Services ------Transportation 1,556,181 557,288 505,581 (278,513) -611,187 Recreation 79,034 663,308 138,005 144,875 13,922,339 -Sewer and Water 792,559 143,265 49,639 ---General Government 115,386 ----388,898 Planning and Public Health ------Subdivision Infrastructure --3,629,494 ---Total uses of Capital Funding 2,543,160 1,363,861 4,322,719 (133,638) 13,922,339 1,000,085 Capital Funding Provided (2,543,160) (1,482,245) (4,322,718) (503,052) (13,922,339) (1,004,134) Unfunded Capital Expenditures (by funding source) End of year -$ -$ (190,918) $ 174,841 $ -$ -$ Other 81 Schedule 15 -continued Fire Capital Land Local Other 2001 2001 2000 Capital Works Reserve Improvement Reserves Actual Budget Actual 486,820 $ 1,564,590 $ 1,808 $ -$ 12,208,598 $ 14,134,857 $ -$ 7,735,358 $ ----(870,004) ---486,820 1,564,590 1,808 -11,338,594 14,134,857 -7,735,358 70,204 26,589 --10,179 106,972 5,363,824 192,868 24,017 187,219 -922 510,474 3,674,356 7,721,415 4,732,032 -188,691 523,552 -797,229 16,457,033 13,582,580 19,813,172 ----623,391 1,608,854 5,329,038 2,963,518 574,801 10,627 -2,024,839 3,114,551 5,456,619 2,998,545 -3,423 --2,282 5,705 169,049 603,925 -----3,629,494 3,629,494 6,741,247 94,221 980,723 534,179 922 3,968,394 28,596,965 41,252,019 38,045,307 (227,216) (1,111,628) --(9,318,388) (34,434,880) (52,009,684) (31,645,808) 353,825 $ 1,433,685 $ 535,987 $ 922 $ 5,988,600 $ 8,296,942 $ -$ 14,134,857 $ Reserves 82 Statistics Section Corporation of the District of Maple Ridge General Comparative Statistics As at December 31, 2001 83 2001 2000 1999 1998 1997 1991 Municipal Government Form: Mayor and 6 Council Members Incorporated September 12, 1874 Population 1 63,169 65,500 (est) 62,544 (est) 61,200 (est) 58,354 (est) 48,325(cen) Registered Voters 2 30,500 (est) 30,500 (est) 30,000 29,863 31,485 26,222 Area (Ha) 1 26,710 26,710 26,710 26,710 26,708 26,709 No. of Properties (Folios) 3 23,347 22,653 22,205 21,489 20,805 17,602 Designated Land Use 1 in Ha (Official Community Plan)* Residential 5,828 5,819 5,256 5,203 4,763 5,765 Agricultural 3,713 3,708 3,713 3,555 3,556 3,778 Commercial 200 200 174 148 142 110 Industry 584 584 584 543 543 863 Schools/Park/Greenbelt 1,785 1,781 1,786 2,152 3,017 1,068 Institutional 236 236 236 215 220 215 Transportation/Utilities 274 274 273 215 215 154 Crown Land 14,108 14,108 14,688 14,679 14,252 14,756 * Figures changed in 1997 due to GIS Technology Roads in Km.* 4 Paved 431 443 411 409 382 368 Unpaved 7 7 8 9 9 24 Sewer Lines in Km.* 4 Sanitary 246 235 221 211 194 171 Storm 211 205 164 159 150 112 Water Lines in Km.* 4 335 331 322 314 306 278 * Note: Statistics now computerized for accuracy Parks Area (In Ha) 5 (Number of Parks in Brackets) Municipal (45) 205 (45) 205 (45) 205 (44) 200 (43) 199 (34) 183 Regional ( 2) 414 ( 2) 414 ( 1) 405 ( 1) 405 ( 1) 405 ( 1) 405 Provincial ( 1) 55,596 ( 1) 55,596 ( 1) 55,554 ( 1) 55,554 ( 1) 55,554 ( 1) 55,554 (11,700 Ha are Within Municipal Boundary) Number of Schools 5 Elementary Schools 20 21 21 22 21 21 Special Education Schools 1 1 1 1 3 0 Secondary Schools * 4 4 4 4 4 3 Private Schools 4 4 4 4 5 4 Preschools 13 18 22 18 17 11 Day Care Centres 107 93 93 85 74 48 Continuing Education Facilities 4 3 3 3 3 1 * As of 1992 Senior & Junior Secondary Schools have been grouped under one category. Municipal Full-Time Employees 6 233 239 248 249 250 206 Total Part Time Hours 128,042 118,958 n/a n/a n/a n/a * As of 1995 the total includes full-time equivalent employees. Police 6 Buildings 3 1 1 1 1 1 Police Officers 68 68 66 69 66 56 Auxiliary Police Officers 29 13 14 15 18 12 Corporation of the District of Maple Ridge General Comparative Statistics As at December 31, 2001 84 2001 2000 1999 1998 1997 1991 Fire Personnel: 6 1 Manager of Fire Operations 1 Manager of Community Fire Safety 1 Fire & Life Safety Educator 1 Fire Prevention Inspector 1 Training & Public Education Inspector 1 Community Safety Officer Volunteers: -Hall #1 44 50 53 50 45 43 -Hall #2 17 30 29 30 30 25 -Hall #3 26 30 30 30 30 23 Summary of Fund Balances 7 Funded Reserves9 $31,457,559 $ 35,905,675 $ 34,063,241 $ 30,807,066 $ 27,118,799 $ 15,932,361 Capital Fund (8,296,942) (14,134,857) (7,735,355) (6,377,648) (1,580,440) 5,902,349 Operating Surplus 18,018,089 16,890,646 11,000,872 10,619,380 10,061,665 5,587,732 Total Surplus and Reserves $41,178,706 $ 38,661,464 $ 37,328,758$ 35,048,798 $ 35,600,024 $ 27,422,442 Debenture Debt 7 Parks & Recreation $17,445,602 $ 6,178,753 $ 1,868,827 $ 1,364,145 $ 1,408,671 $ 1,970,210 Public Works 1,158,141 1,386,202 1,907,141 2,401,510 2,872,610 4,415,024 General Government 3,649,616 1,411,878 213,038 — — — Total General Fund $22,253,359 $ 8,976,833 $ 3,307,006 $ 3,705,655 $ 4,281,281 $ 6,402,251 Waterworks Utility $1,654,176 $ 2,827,825 $ 3,325,537 $ 3,789,629 $ 4,214,490 $ 5,972,952 Sanitary Sewer Utility 3,292,855 4,252,629 5,136,965 5,951,504 6,714,387 10,022,232 Total Gross Debt $ 27,200,390 $ 16,057,287 $ 11,776,508 $ 13,446,788 $ 15,210,158 $ 22,397,435 Legal Debt Limit 136,647,934 $ 149,085,291 $142,141,745 $137,765,354 $132,873,852 $ 49,851,965 Debt Per Capita $ 431 $ 245 $ 188 $ 220 $ 261 $ 464 Debt Payment As A Percentage of Non Capital Expenditures Debt Payments -Gross 12.1% 10.1% 10.4% 11.5% 13.2% 18.2% Building Permits 8 Total Issued 357 350 875 810 1,009 1,077 Value $83,895,058 $87,857,857 $84,271,013 $103,068,635 $ 119,546,392 $ 79,026,766 Business Licences Issued 8 2,973 2,662 3,028 3,070 2,682 2,320 Dog Licences Issued 3 7,318 7,221 7,248 6,831 6,580 6,212 1 Maple Ridge Planning Department 2 Maple Ridge Municipal Clerk 3 Maple Ridge Municipal Collector 4 Maple Ridge Engineering Department 5 Maple Ridge Parks & Recreation Department 6 Maple Ridge Personnel Department 7 Maple Ridge Finance Department 8 Maple Ridge Inspection Services Department 9 There were changes in accounting methods for receivables and long term debt applied to 2000. Corporation of the District of Maple Ridge Demographics 83 Population Composition Age Male Female Total 0 -4 years 2,250 2,125 4,375 5 -9 years 2,495 2,235 4,730 10 -14 years 2,305 2,090 4,395 15 -19 years 1,935 1,825 3,760 20 -24 years 1,465 1,390 2,855 25 -34 years 4,260 4,545 8,805 35 -44 years 5,340 5,235 10,575 45 -54 years 3,535 3,255 6,790 55 -64 years 2,070 2,075 4,145 65 -74 years 1,560 1,790 3,350 75 -84 years 770 1,115 1,885 85 + years 165 355 520 Total 28,150 28,035 56,185 28,150 28,035 25,000 26,000 27,000 28,000 29,000 Source: Statistics Canada 1996 Census Household Income 1996 <$10,000 730 $10,000 -$19,999 1,050 $20,000 -$29,999 1,565 $30,000 -$39,999 1,630 $40,000 -$49,999 1,925 $50,000 -$59,999 1,995 $60,000 -$69,999 2,080 $70,000 -$79,999 1,415 $80,000 -$89,999 1,040 $90,000 -$99,999 690 $100,000+ 1,260 Average $56,338 Median $53,606 Average Incomes (Estimates) 2000 Average Income (employed males) $47,059 Average Income (employed females) 32,514 Average Family Income 61,133 Average Household Income 56,510 Source: Statistics Canada 1996 Census Corporation of the District of Maple Ridge Demographics 84 Labour Force by Major Occupational Group Occupation Male Female Total Total labour force 15,715 13,195 28,910 All occupations 15,400 12,865 28,265 Managerial 1,625 770 2,395 Natural & Applied Sciences, English & Math 925 130 1055 Social Sciences, Government Service, Religion 155 345 500 Business, Finance & Administration 355 945 1300 Teaching, inc. Professors 410 555 965 Medicine & Health 285 1,205 1,490 Artistic, Cultural, Recreation & Sport 240 350 590 Clerical 680 3,250 3,930 Sales & Service 3,375 4,515 7,890 Mechanical 995 10 1005 Agriculture 265 225 490 Forestry, Mining, Oil & Gas 395 60 455 Processing, Manufacturing, Utilities 1,355 270 1,625 Machining & Related 280 --280 Construction 1,705 25 1,730 Transport, Equipment Operating 2,355 210 2,565 Labour Force by Age and Sex Age Male Female Total 15 years and over 15,715 13,195 28,905 15 -24 years 2,150 2,165 4,315 25+ years 13,565 11,030 24,595 Level of Schooling Population 15+ Years Number Percentage Less than Grade 9 2,625 5.17% Grade 9 – 13 without certificate 13,133 25.88% with certificate 8,232 16.22% Trade Certificate 2,079 4.09% Other University without certificate 4,176 8.27% with certificate 11,627 22.91% University without degree 4,870 9.60% with degree 3,971 7.80% 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 Less than Grade 9 Grade 9 – 13 Trade Certificate Other University University Source: Statistics Canada 1996 Census Corporation of the District of Maple Ridge Major Property Taxpayers 2001 Taxation Year 87 Registered Owned Primary Property Taxes Levied 1. B.C. Hydro & Power Authority Distribution Lines $821,478 2. International Forest Products Ltd. Lumber Mills 708,920 3. Province of British Columbia Court House/Prison *663,362 4. Sun Life Assurance Company of Canada Westgate Shopping Centre 618,842 5. Amarsham Holdings Ltd. Haney Place Mall 599,619 6. Bucci Investment Corporation Inc Valley Fair Mall 541,037 7. B.C. Telephone Company Poles, Lines/Thornhill Tower 367,944 8. M R Landmark 2000 Centre Ltd Landmark Shopping Centre 352,027 9. B.C. Gas Utility Ltd. Gas Lines 276,138 10. E-One Moli Energy (Canada) Limited 20000 Stewart Cres. 245,051 11. Canadian Pacific Railway Co. Railway Tracks 213,750 12. 22475 Dewdney Trunk Road Inc. Maple Ridge Square 207,348 13. Damka Lumber & Development Ltd. Meadow Ridge Shopping Centre 169,102 14. Individual Car Dealership 166,975 15. Canadian Tire Real Estate Limited Retail Store 161,466 16. Marine Way Industries Inc. Lumber Re-manufacturing 120,734 17. Royal Canadian Legion Apartments 119,751 18. Viam Holdings Ltd. Apartments 116,602 19. 27222 Developments Ltd. Yacht Manufacturing 114,317 20. Jayman Master Builder (BC) Ltd. Albion Development 111,992 21. Individual Maple Ridge Plaza 109,893 * This is a grant-in-lieu for Municipal and Regional District purpose taxes only. An estimate of total taxes to be comparable would be approximately $1,266,429. Corporation of the District of Maple Ridge Assessment/Taxation Comparative Statistics As at December 31, 2001 88 2001 2000 1999 1998 1997 1991 Assessment for General Taxation (1) Land $2,834,911,228 $2,823,385,835 $2,835,594,449 $2,837,743,878 $2,720,372,895 $1,209,680,658 Less: Exempt Land 292,129,201 287,544,803 291,479,505 292,764,589 291,018,782 108,875,763 Net Land Assessment $2,542,782,027 $2,535,841,032 $2,544,114,944 $2,544,979,289 $2,429,354,113 $1,100,804,895 Improvements $2,406,777,940 $2,358,152,690 $2,306,186,498 $2,218,181,412 $2,148,418,435 $1,354,821,730 Less: Exempt Imp & Utilities 314,353,484 295,146,705 296,425,810 283,844,280 287,375,466 123,785,042 Net Improvement Assessment $2,092,424,456 $2,063,005,985 $2,009,760,688 $1,934,337,132 $1,861,042,969 $1,231,036,688 Total Taxable Assessment $4,635,206,483 $4,598,847,017 $4,553,875,632 $4,479,316,421 $4,290,397,082 $2,331,841,583 Assessment for School Taxation (1) Total Taxable Assessment $4,590,475,481 $4,549,936,383 $4,505,278,618 $4,428,136,252 $4,241,516,850 $2,317,563,169 General & Debt Tax Rates (per $1,000) (2) Residential $ 4.9791 $ 4.6996 $ 4.3908 $ 4.1611 $ 4.0700 $ 5.4190 Utilities 40.0000 40.0000 40.0000 25.3826 24.5106 27.9650 Industrial 46.0814 42.8297 40.3311 39.3777 38.3991 29.3190 Business/Other 12.6073 12.0041 11.2255 10.9800 11.0331 15.1490 Seasonal/Recreational 9.8114 9.2973 8.4878 8.0954 7.8938 7.0200 Farm 14.4850 13.8453 13.0093 12.8132 13.2959 9.4980 School Tax Rate (per $1,000) (1) Residential $ 3.9122 $ 3.9076 $ 3.8407 $ 3.7465 $ 3.7793 $ 5.9732 Utilities 15.0000 15.0000 15.0000 15.0000 15.0000 15.6000 Industrial 12.5000 12.5000 12.5000 12.5000 12.5000 12.3000 Business/Other 9.9000 9.9000 9.9000 9.9000 9.9000 10.2000 Seasonal/Recreational 4.5000 4.5000 4.5000 4.5000 4.5000 5.1000 Farm 6.8000 6.8000 6.8000 6.8000 6.8000 6.7000 Residential Tax Rate (per $1,000) (2) General (incl. Reg. Library) $ 4.9087 $ 4.6256 $ 4.2807 $ 4.0659 $ 3.9712 $ 5.2020 Debt .0704 .0740 .1101 .0952 .0988 .2170 Transit Authority (GVTA) .2095 .2096 .2097 — — .0460 Local School Levy 3.9122 3.9076 3.8407 3.7465 3.7793 5.9732 Regional Hospital — — — .2206 .2396 .4070 Regional District .1109 .1113 .1149 .1122 .1162 .1380 Municipal Finance Authority .0003 .0003 .0003 .0003 .0002 .0004 B.C. Assessment Authority .1267 .1271 .1247 .1202 .1215 .1510 $ 9.3387 $ 9.0555 $ 8.6811 $ 8.3609 $ 8.3268 $12.1346 Utilities & Penalties Current Years Levy $63,057,918 $60,601,071 $57,263,723 $54,052,635 $51,708,486 $37,637,039 Per Capita $ 998 $ 925 $ 916 $ 883 $ 886 $ 779 Collections $61,689,009 $59,280,901 $56,049,302 $52,934,182 $50,774,053 $35,946,404 Percent of Levy 97.83% 97.82% 97.88% 97.93% 98.19% 95.51% Gross Tax Collections $63,248,661 $60,720,312 $57,224,362 $53,859,804 $51,730,190 $37,264,219 Percent of Current Levy 100.30% 100.20% 99.93% 99.64% 100.04% 99.01% Taxes Outstanding $ 2,748,666 $ 2,574,299 $ 2,348,882 $ 2,024,518 $ 1,634,530 $ 2,106,098 Note:1 Effective in 1983, actual value assessments were used in determining tax levies for general Municipal purposes and effective in 1984 for School purposes, pursuant to the policy of the Province of British Columbia. 2 Variable tax rates were established in 1983 for different classes of property pursuant to the policy of the Province of British Columbia for Municipal Government services and 1984 for all other Government Levies. Corporation of the District of Maple Ridge 2001 Property Assessments and Tax Rates By Property Class 89 Light Business Seasonal Residential Utilities Industrial Other Recreational Farm Analysis of 2001 Taxable Values For General Purposes ($ in 1,000's) $4,124,646 $ 9,097 $ 73,266 $ 392,299 $ 1,297 $ 5,824 Percentage of Taxable Values 89.54% .20% 1.59% 8.51% .03% .13% Percentage of General Taxation 75.02% 1.33% 5.23% 18.06% . 05% .31% Analysis of 2001 Rates (Per $1,000) General 4.6324 37.8148 12.8811 11.7214 9.1204 13.4669 Debt .0704 .6002 .1963 .1782 .1388 .2047 Library .2763 1.5850 1.0476 .7077 .5522 .8134 School 3.9122 15.0000 9.9000 9.9000 4.5000 6.8000 B.C. Assessment Authority .1267 .6134 .3549 .3549 .1413 .1722 Municipal Finance Authority .0003 .0005 .0005 .0002 .0002 .0002 Regional Park & 911 Emergency .1109 .3882 .3771 .2717 .1109 .1109 Transit Authority .2095 2.1075 2.0489 1.4748 .2095 .2095 $ 9.3387 $58.1096 $26.8064 $24.6089 $14.7733 $21.7778 * Note: Properties are categorized into 9 different classes for assessment and taxation purposes. The Municipality of Maple Ridge has no properties within classes, 3 (Forestry) and 7 (Tree Farm) Corporation of the District of Maple Ridge Operating Expenditures Last Five Fiscal Years Comparison 90 2001 2000 1999 1998 1997 Analysis by Function Protective Services $10,508,837 $10,606,820 $10,551,445 $ 9,733,350 $ 9,168,337 Transportation Services 4,873,383 4,736,555 4,705,622 4,940,005 5,029,785 Recreation and Cultural 8,409,022 7,590,340 7,045,895 6,335,068 6,152,030 Sewer and Water Facilities 8,425,350 8,288,758 7,741,411 7,751,814 6,962,050 General and Administrative Expenses 5,750,746 5,755,475 5,960,279 5,706,816 5,949,672 Public and Environmental Health 1,847,242 1,782,945 1,587,913 1,548,936 1,530,416 Reallocation of Internal Equipment Usage (1,301,347) (1,233,073) (1,104,567) (1,150,718) (1,072,523) Total Expenditures $38,513,233 $37,527,820 $36,487,998 $34,865,271 $33,719,767 Transfers to Reserves 6,630,858 7,926,717 6,946,089 5,929,295 8,092,898 Transfer to Capital Funds 2,543,160 1,694,958 1,578,634 1,109,205 1,546,877 Debt Repayment 2,779,236 2,075,501 1,897,366 1,763,370 1,727,093 $50,466,487 $49,224,996 $46,910,087 $43,667,141 $45,086,635 Analysis by Object Salaries and Benefits $15,364,262 $15,513,657 $14,599,028 $14,805,910 $14,262,268 Goods and Services 16,624,692 14,794,190 14,613,754 12,484,626 12,360,688 R.C.M.P. Police Contract 5,150,118 5,490,135 5,362,735 5,162,477 4,664,600 Contributions to Capital 2,543,160 1,694,958 1,578,634 1,109,205 1,546,877 Debt Payments 4,153,397 3,805,339 3,809,847 4,175,628 4,159,304 Transfers to Reserves 6,630,858 7,926,717 6,946,089 5,929,295 8,092,898 $50,466,487 $49,224,996 $46,910,087 $43,667,141 $45,086,635 Corporation of the District of Maple Ridge Capital Assets Acquired Last Five Fiscal Years Comparison 91 2001 2000 1999 1998 1997 Capital Acquisitions General Government $ 3,114,551 $ 2,998,545 $ 3,649,772 $ 622,154 $ 868,332 Transportation 3,674,356 4,723,382 4,588,552 2,633,928 5,325,994 Parks and Recreation 16,457,033 19,813,172 6,955,561 6,312,160 1,738,248 Protective Services 106,972 192,868 575,773 742,772 412,833 Public Health and Other 5,705 603,925 79,782 1,217 105,460 Sanitary Sewer & Waterworks 1,608,854 2,963,518 2,697,535 1,821,451 1,747,961 Subdivision Infrastructure 3,629,494 6,741,247 6,363,458 12,923,171 5,419,640 Total Capital Acquisitions $28,596,965 $38,036,657 $24,910,433 $25,056,853 $15,618,468 Source of Financing Revenue Funds $ 2,543,160 $ 1,694,958 $ 1,578,634 $ 750,921 $ 1,689,440 Reserve Funds 6,578,254 14,476,455 6,363,940 8,255,220 4,087,858 Contributed Assets 4,322,718 8,292,481 13,714,836 13,027,177 6,081,430 Long Term Debt 13,922,339 — 227,086 — — Grants (133,368) 2,309,389 267,444 183,145 677,002 Development Fees & Other 1,363,862 6,050,351 2,759,003 2,840,390 3,082,738 Total Financing $28,596,965 $38,036,657 $24,910,943 $25,056,853 $15,618,468 92 Senior Senior Collection Grants In Sale Other Revenue Government Government For Other Trf & Surplus Fiscal Lieu of of From Unconditional Conditional Government From Own Development Year Taxes Taxes Services Own Sources Transfers Transfers Agencies Reserves Fees Total 1992 17,304,065 964,012 1,715,452 4,264,305 2,117,760 498,210 18,599,984 3,213,178 -48,676,966 1993 18,486,999 992,362 2,003,710 4,742,542 2,113,215 607,862 19,700,743 2,739,042 -51,386,475 1994 18,780,667 973,614 2,211,694 4,754,728 2,083,840 628,843 20,706,075 4,414,861 -54,554,322 1995 19,477,050 1,059,972 2,871,854 4,968,227 2,118,837 715,253 22,186,931 5,260,899 -58,659,023 1996 20,145,587 1,055,328 3,213,157 4,130,646 2,154,791 666,374 22,740,969 2,657,400 433,972 57,198,224 1997 21,233,630 1,078,975 3,215,430 4,824,834 1,275,491 517,483 23,180,201 1,293,454 3,741,770 60,361,268 1998 22,359,098 1,123,370 3,300,325 5,166,239 1,275,488 504,618 24,074,245 3,059,353 446,358 61,309,094 1999 24,365,538 1,100,194 3,891,230 6,255,750 351,874 826,201 24,632,077 1,589,538 441,677 63,454,079 2000 25,759,892 1,270,612 3,691,388 7,368,332 206,284 877,894 25,817,405 2,015,239 377,944 67,384,990 2001 26,645,563 1,355,164 3,938,524 8,404,292 155,792 961,390 26,476,866 2,469,588 547,962 70,955,141 Fiscal Serv. Public Recreation & Transfer Excess General Environmental Health & Environmental & To Other Revenue Fiscal Government Protective Transportation Health Welfare Development Cultural Government & Over Year Services Services Services Services Services Services Services Reserves Expenditure Total 1992 3,970,149 7,384,965 3,456,958 509,832 143,501 644,077 3,993,869 28,385,674 187,941 48,676,966 1993 3,794,686 7,629,913 3,585,426 556,916 169,101 684,421 4,493,569 30,373,899 98,544 51,386,475 1994 4,456,930 8,475,809 4,465,901 577,437 138,673 689,269 4,710,778 30,701,064 338,461 54,554,322 1995 4,847,012 9,212,741 3,928,239 571,859 127,642 815,517 5,573,993 33,247,604 334,416 58,659,023 1996 5,676,925 9,405,819 4,806,583 589,399 140,886 785,411 5,854,735 29,937,119 1,347 57,198,224 1997 5,949,672 9,168,337 5,029,785 591,881 135,666 802,869 6,152,030 32,301,492 229,536 60,361,268 1998 5,705,566 9,754,217 4,940,006 692,608 144,478 711,851 6,314,202 32,085,867 960,299 61,309,094 1999 5,960,281 10,551,446 4,705,622 686,211 154,463 747,239 7,045,895 33,089,087 513,835 63,454,079 2000 5,755,476 10,606,820 4,736,554 694,978 151,804 936,163 7,590,340 36,361,583 551,272 67,384,990 2001 5,750,746 10,508,837 4,873,381 886,353 152,069 808,820 8,409,024 39,012,895 553,016 70,955,141 Corporation of the District of Maple Ridge General Revenue Fund Last Ten Fiscal Years Revenue Expenditure 93 Corporation of the District of Maple Ridge Water Supply System Revenue Fund Last Ten Fiscal Years Parcel Provincial Connection Interest Surplus Sale Tax Levy Grant Fees & S/D And Debt Approp. & Fiscal Of & Area Water Facility Recovery & Reserve Fund Reserve Fund Development Year Water By–Laws Assistance Penalties Discharges Transfers Fees Total 1993 1,582,559 786,143 706,961 205,328 106,740 654,477 -4,042,208 1994 1,890,650 832,977 511,312 243,290 118,754 133,556 -3,730,539 1995 2,084,610 868,532 505,967 214,400 128,078 29,080 -3,830,667 1996 2,527,743 883,763 504,853 156,293 142,994 -32,341 4,247,987 1997 2,761,359 911,278 443,418 210,391 93,230 -32,742 4,452,418 1998 3,099,462 934,498 378,737 222,054 119,079 -56,139 4,809,969 1999 3,569,769 960,136 374,635 346,630 143,431 301,355 48,009 5,743,965 2000 4,055,460 1,001,285 362,003 129,937 269,032 -146,877 5,964,594 2001 4,541,838 999,000 40,244 162,230 1,285,604 187,892 152,724 7,369,532 Excess Distribution Revenue Fiscal Water Line Debt Fiscal Over Year Administration Purchases Maintenance Miscellaneous Charges Interest Services Expenditure Total 1993 248,658 751,808 399,115 168,471 1,258,244 -721,225 494,687 4,042,208 1994 261,393 878,749 421,232 177,597 1,264,692 -726,876 -3,730,539 1995 268,747 1,129,257 443,751 174,326 1,262,144 -687,426 (134,984) 3,830,667 1996 357,884 1,210,281 574,241 185,348 -816,439 974,364 129,430 4,247,987 1997 312,429 1,330,825 647,037 190,101 -697,068 918,037 356,921 4,452,418 1998 314,485 1,596,592 600,043 423,521 -656,464 1,090,710 128,154 4,809,969 1999 405,490 1,694,569 631,967 451,302 -635,879 1,924,758 -5,743,965 2000 500,310 1,844,608 644,243 475,816 -529,082 1,475,878 494,657 5,964,594 2001 560,418 1,997,025 713,318 502,436 -257,956 2,094,624 1,243,755 7,369,532 Revenue Expenditure 94 Corporation of the District of Maple Ridge Sanitary Sewer Revenue Fund Last Ten Fiscal Years Provincial Interest Rate Levies Grant And Debt Transfers Fiscal User And L.I.P. Parcel Connection Sewage Reserve Fund Development And Year Fees Charges Tax Fees & Misc. Facilities Discharges Fees Contributions Total 1992 1,496,373 466,259 456,785 103,210 1,858,838 116,535 -45,527 4,543,527 1993 1,814,747 489,053 473,060 88,189 1,866,435 79,637 -40,189 4,851,310 1994 2,200,712 507,964 503,160 100,202 1,724,628 113,756 -28,836 5,179,258 1995 2,607,642 499,117 522,235 67,377 1,703,978 197,943 -38,839 5,637,131 1996 2,673,223 500,183 540,184 77,490 1,703,863 220,929 40,211 11460 5,767,543 1997 2,795,646 501,016 559,825 107,861 1,144,618 285,329 41,621 4,316 5,440,232 1998 2,867,883 498,375 575,955 85,360 1,330,378 236,001 242,008 -5,835,960 1999 2,936,262 497,775 596,837 106,310 1,153,269 283,742 146,877 -5,721,072 2000 3,320,760 497,047 622,272 61,888 1,157,993 380,852 48,009 -6,088,821 2001 3,500,197 144,906 637,552 70,661 600,481 354,628 68,400 881,734 6,258,559 Excess Operation Revenue Fiscal And Sewage Debt Fiscal Over Year Administration Maintenance Treatment Charges Interest Services Expenditure Total 1992 63,038 431,879 521,275 2,859,382 -320,919 347,034 4,543,527 1993 130,438 484,238 739,895 3,166,499 -133,665 196,575 4,851,310 1994 92,766 457,341 615,405 3,244,002 -147,909 621,835 5,179,258 1995 92,647 487,868 701,430 3,297,764 -187,882 869,540 5,637,131 1996 130,023 535,671 2,413,640 -1,243,883 988,840 455,486 5,767,543 1997 157,086 533,232 2,061,638 -1,032,634 916,194 739,448 5,440,232 1998 172,778 563,528 2,487,864 -936,539 991,839 683,412 5,835,960 1999 192,358 486,706 2,597,464 -645,677 1,629,856 169,011 5,721,072 2000 313,324 494,504 2,881,679 -605,193 1,631,234 162,887 6,088,821 2001 336,804 547,833 2,980,269 -529,292 1,304,883 559,478 6,258,559 Expenditure Revenue 95 96 The Page Left Intentionally Blank C.D.M.R. Developments Ltd. 97 C.D.M.R. Developments Ltd. 98 2001 2000 Cash and Term Deposits 185,047 $ 179,271 $ Accrued Interest Receivable 117 -Total Assets 185,164 179,271 Liabilities: Accounts Payable and Accrued Liabilities 240 $ -$ Stockholders' Equity: Capital Stock Authorized 10,000 common shares NPV Issued and fully paid -2 common shares 2 2 Retained Earnings 13,538 7,885 Contributed Surplus 171,384 171,384 Total Liabilities and Stockholders' Equity 185,164 $ 179,271 $ Approved By The Directors: _______________________Director _______________________Director Liabilities and Stockholders' Equity Balance Sheet As at December 31, 2001 Assets The accompanying notes are an integral part of the financial statements. C.D.M.R. Developments Ltd. 99 Statement of Revenue, Expenses and Retained Earnings For the Year Ended December 31, 2001 2001 2000 Interest Income $ 5,893 $ 6,180 Miscellaneous Expenses 240 (317) Net Earnings 5,653 5,863 Retained Earnings (Accumulated Deficit), Beginning of the Year 7,885 2,022 Retained Earnings (Accumulated Deficit), End of the Year $ 13,538 $ 7,885 C.D.M.R. Developments Ltd. 100 Statement of Cash Flows For the Year Ended December 31, 2001 2001 2000 Cash flows from operating activities: Net Earnings $ 5,653 $ 5,863 Changes in non-cash operating working capital: Increase in accounts receivable (117) 83 Decrease in accounts payable and accrued liabilities 240 -123 83 Increase (Decrease) in cash and cash equivalents 5,776 5,946 Cash and cash equivalents -beginning of year 179,271 173,325 Cash and cash equivalents -end of year $ 185,047 $ 179,271 Cash and cash equivalents are defined as cash and term deposits. Supplementary information: Interest received $ 5,893 $ 6,180 C.D.M.R. Developments Ltd. 101 Notes to the Financial Statements For the Year Ended December 31, 2001 The Company is incorporated under the Company Act (British Columbia). The Company has the authority to acquire and develop properties on behalf of the Corporation of the District of Maple Ridge. These properties may be acquired from or sold to the Corporation of the District of Maple Ridge. 1. Significant Accounting Policy: Income Taxes The Company is exempt from income taxes as it is wholly owned by the Corporation of the District of Maple Ridge. (Income Tax Act, Section 149(1)(d)). 102