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HomeMy WebLinkAboutStatement of Financial Information 2012 DISTRICT OF MAPLE RIDGE 2012 STATEMENT OF FINANCIAL INFORMATION Financial Information Act Financial Information Regulation (FIR), Schedule 1 Statement of Financial Information (SOFI) Index to FIR Schedule 1 and the Checklist Page 1: Corporation Information Ministry Information General: Section One 1(1)(a) Statement of assets and liabilities 1(1)(b) Operational statement 1(1)(c) Schedule of debts 1(1)(d) Schedule of guarantee and indemnity agreements 1(1)(e) Schedule of employee remuneration and expenses 1(1)(f) Schedule of suppliers of goods and services 1(2) [Explanatory information for reference] 1(3) Statements prepared on a consolidated basis or for each fund 1(4) & (5) Notes to the statements and schedules in section 1(1) Page 2: Statement of Assets & Liabilities: Section Two 2 Balance sheet Changes in equity and surplus or deficit Operational Statement: Section Three 3(1) Statement of Income / Statement of Revenue and Expenditures Statement of Changes in Financial Position 3(2) & (3) Omission of Statement of Changes in Financial Position, with explanation 3(4) Requirement for community colleges, school districts and municipalities Statement of Debts: Section Four 4(1)(a) & 4(2) List and detail the schedule of long-term debts 4(1)(b) Identify debts covered by sinking funds / reserves 4(3) & (4) Omission of schedule, with explanation Page 3: Schedule of Guarantee and Indemnity Agreements: Section Five 5(1) List agreements under the Guarantees and Indemnities Regulation 5(2) State the entities and amounts involved 5(3) & (4) Omission of schedule, with explanation Page 3 & 4: Schedule of Remuneration and Expenses: Section Six 6(1) [Definitions for reference] 6(2)(a) List remuneration / expenses for each elected official, member of board, Cabinet appointees 6(2)(b) List each employee with remuneration exceeding $75,000, plus expenses 6(2)(c) Consolidated total for all employees with remuneration of $75,000 or less 6(2)(d) Reconcile difference in total remuneration above with operational statement 6(3) Exclude personal information other than as required Index 1District of Maple Ridge-Statement of Financial Information Page 1 of 34 Index 2 Page 3 & 4: Schedule of Remuneration and Expenses: Section Six (continued) 6(4) & (5) [Explanatory information for reference] 6(6) Report employer portion of EI and CPP as a supplier payment 6(7)(a) & (b) Statement of severance agreements 6(8) Explain an omission of statement of severance agreements 6(9) [Statement of severance agreements to minister – not required unless requested] Page 4: Schedule of Suppliers of Goods or Services: Section Seven 7(1)(a) List suppliers receiving payments exceeding $25,000 7(1)(b) Consolidated total of all payments of $25,000 or less 7(1)(c) Reconcile difference in total above with operational statement 7(2)(a) [Explanatory information for reference] 7(2)(b) Statement of payments of grants or contributions 7(2)(c) [Explanatory information for reference] Page 5: Inactive Corporations: Section Eight 8(1) Ministry to report for inactive corporations 8(2)(a) Contents of report – statements and schedules under section 1(1) to extent possible 8(2)(b) Contents of report – operational status of corporation Approval of Financial Information: Section Nine 9(1) Approval of SOFI for corporations (other than municipalities) 9(2) Approval of SOFI for municipalities 9(3) Management report 9(4) Management report must explain roles and responsibilities 9(5) Signature approval is for all contents of the SOFI Access to the Financial Information: Section Ten 10(1) to (3) [Explanatory information for reference] District of Maple Ridge-Statement of Financial Information Page 2 of 34 1 Financial Information Regulation, Schedule 1 Checklist – Statement of Financial Information (SOFI) For the Corporation: Corporate Name: Contact Name: Fiscal Year End: Phone Number: Date Submitted: E-mail: For the Ministry: Ministry Name: Reviewer: Date Received: Deficiencies: Yes No Date Reviewed: Deficiencies Addressed: Yes No Approved (SFO): Further Action Taken: Distribution: Legislative Library Ministry Retention FIR Schedule 1 Section Item Yes No N/A Comments General 1 (1) (a) Statement of assets and liabilities 1 (1) (b) Operational statement 1 (1) (c) Schedule of debts 1 (1) (d) Schedule of guarantee and indemnity agreements 1 (1) (e) Schedule of employee remuneration and expenses 1 (1) (f) Schedule of suppliers of goods and services 1 (3) Statements prepared on a consolidated basis or for each fund, as appropriate 1 (4) 1 (5) Notes to the financial statements for the statements and schedules listed above District of Maple Ridge-Statement of Financial Information Page 3 of 34 2 FIR Schedule 1 Section Item Yes No N/A Comments Statement of Assets & Liabilities 2 • A balance sheet prepared in accordance with GAAP or stated accounting principles / policies, and • Show changes in equity and surplus or deficit due to operations Operational Statement 3 (1) Prepared in accordance with GAAP or stated accounting principles / policies and consists of: • a Statement of Income or Statement of Revenue and Expenditures, and • a Statement of Changes in Financial Position 3 (2) 3 (3) • The Statement of Changes in Financial Position may be omitted if it provides no additional information • The omission must be explained in the notes 3 (4) Community colleges, school districts, and municipalities must prepare a Statement of Changes in Financial Position for the Capital Fund Schedule of Debts 4 (1) (a) 4 (2) List each long-term debt (secured by debentures, mortgages, bonds, etc.), stating the amount outstanding, the interest rate, and the maturity date 4 (1) (b) Identify debts covered by sinking funds or reserves and amounts in these accounts 4 (3) 4 (4) • The schedule may be omitted if addressed under section 2 or 5 and it provides no additional information • The omission must be explained in a note to the schedule District of Maple Ridge-Statement of Financial Information Page 4 of 34 3 FIR Schedule 1 Section Item Yes No N/A Comments Schedule of Guarantee and Indemnity Agreements 5 (1) List financial agreements that required government approval prior to being given (see Guarantees and Indemnities Regulation in FIA Guidance Package) 5 (2) State the entities involved, and the specific amount involved if known 5 (3) 5 (4) • The schedule may be omitted if addressed under section 2 or 4 and it provides no additional information • The omission must be explained in a note to the schedule Schedule of Remuneration and Expenses (See Guidance Package for suggested format) 6 (2) (a) List separately, by name and position, the total remuneration and the total expenses for each elected official, member of the board of directors, and employee appointed by Cabinet 6 (2) (b) List alphabetically each employee whose total remuneration exceeds $75,000 and the total expenses for each [excluding the persons listed under 6 (2) (a)] 6 (2) (c) Include a consolidated total for employees whose remuneration is $75,000 or less [excluding the persons listed under 6 (2) (a)] 6 (2) (d) Reconcile or explain any difference between total remuneration in this schedule and related information in the operational statement 6 (3) Exclude personal information other than name, position, function or remuneration and expenses of employees District of Maple Ridge-Statement of Financial Information Page 5 of 34 4 FIR Schedule 1 Section Item Yes No N/A Comments Schedule of Remuneration and Expenses (See Guidance Package for suggested format) 6 (6) Report the employer portion of EI and CPP as a supplier payment to the Receiver General for Canada rather than as employee remuneration 6 (7) (a) 6 (7) (b) Include a statement of severance agreements providing: • the number of severance agreements under which payment commenced in the fiscal year being reported on for non-union employees, and • the range of equivalent months' compensation for them (see Guidance Package for suggested format) 6 (8) Provide the reason for omitting a statement of severance agreements in a note to the schedule of remuneration and expenses Schedule of Suppliers of Goods or Services (See Guidance Package for suggested format) 7 (1) (a) List in alphabetical order all suppliers of goods and services who received aggregate payments exceeding $25,000 7 (1) (b) Include a consolidated total of all payments to suppliers who received $25,000 or less 7 (1) (c) Reconcile or explain any difference between the consolidated total and related figures in the operational statement 7 (2) (b) Include a statement of payments for the purposes of grants or contributions District of Maple Ridge-Statement of Financial Information Page 6 of 34 5 FIR Schedule 1 Section Item Yes No N/A Comments Inactive Corporations 8 (1) The ministry reports for the corporation if the corporation is not operating to the extent required to produce a SOFI 8 (2) (a) The ministry's report contains the statements and schedules required under section 1 (1), to the extent possible 8 (2) (b) The ministry's report contains a statement of the operational status of the corporation (see Guidance Package regarding what to include) Approval of Financial Information 9 (1) Corporations other than municipalities – the SOFI is signed as approved by the board of directors or the governing body (see Guidance Package for example) 9 (2) Municipalities – the SOFI is approved by its council and by the officer assigned responsibility for financial administration (see Guidance Package for example) 9 (3) A management report is included, signed by the head and chief financial officer, or by the municipal officer assigned responsibility for financial administration (see examples in annual report at http://www.gov.bc.ca/cas/popt/) 9 (4) The management report explains the roles and responsibilities of the board of directors or governing body, audit committee, management, and the auditors 9 (5) Signature approvals required in section 9 are for each of the statements and schedules of financial information, not just the financial statements District of Maple Ridge-Statement of Financial Information Page 7 of 34 Consolidated Statement of Financial PositionConsolidated Statement of Financial PositionConsolidated Statement of Financial PositionConsolidated Statement of Financial Position as at December 31, 2012 2012 2012 2012 2012 Restated 2011 (Note 12) Financial AssetsFinancial AssetsFinancial AssetsFinancial Assets Cash and temporary investments (Note 1)$$$$103,940,358103,940,358103,940,358103,940,358 $26,998,661 Portfolio investments (Note 1)33,315,00633,315,00633,315,00633,315,006 90,812,593 Accounts receivable (Note 2)19,464,14019,464,14019,464,14019,464,140 17,547,470 Recoverable local improvements (Note 3)1,853,3101,853,3101,853,3101,853,310 1,637,104 Other assets (Note 7)684,971684,971684,971684,971 610,856 Inventory available for resale 187187187187 187 159,257,972159,257,972159,257,972159,257,972 137,606,871 LiabilitiesLiabilitiesLiabilitiesLiabilities Accounts payable and accrued liabilities (Note 5)12,934,26912,934,26912,934,26912,934,269 13,142,472 Deferred revenue 9,236,2449,236,2449,236,2449,236,244 8,928,225 Restricted revenue (Note 11)45,357,20345,357,20345,357,20345,357,203 41,042,622 Refundable performance deposits and other 12,176,80612,176,80612,176,80612,176,806 8,964,044 Employee future benefits (Note 8)4,745,5004,745,5004,745,5004,745,500 4,684,900 Long-term debt (Note 6, Schedule 4)42,086,72242,086,72242,086,72242,086,722 38,505,484 126,536,744126,536,744126,536,744126,536,744 115,267,747 Net Financial AssetsNet Financial AssetsNet Financial AssetsNet Financial Assets 32,721,22832,721,22832,721,22832,721,228 22,339,124 Non Financial AssetsNon Financial AssetsNon Financial AssetsNon Financial Assets Tangible capital assets (Note 13, Schedule 5)814,115,960814,115,960814,115,960814,115,960 801,626,175 Undeveloped land bank properties (Note 17)14,448,18414,448,18414,448,18414,448,184 14,832,041 Supplies inventory 303,347303,347303,347303,347 400,606 Prepaid expenses 629,721629,721629,721629,721 447,067 829,497,212829,497,212829,497,212829,497,212 817,305,889 Accumulated Surplus Accumulated Surplus Accumulated Surplus Accumulated Surplus (Note 15)$$$$862,218,440862,218,440862,218,440862,218,440 $839,645,013 Paul Gill, CGA Ernie Daykin General Manager, Corporate & Financial Services Mayor, District of Maple Ridge a). The notes to the Consolidated Financial Statements are an integral part of this statement b). Contingencies, Commitments and Unrecognized Liabilities (Note 10) c). Pension Plan (Note 4) District of Maple Ridge-Statement of Financial Information Page 8 of 34 Consolidated Statement of OperationsConsolidated Statement of OperationsConsolidated Statement of OperationsConsolidated Statement of Operations For the year ended December 31, 2012 Actual Actual Actual Actual Budget Restated Actual 2012 2012 2012 2012 2012 (Note 14) 2011 (Note 12) Revenue Revenue Revenue Revenue (Segment Report, Note 18) Taxes for municipal purposes (Note 9)$$$$64,939,42364,939,42364,939,42364,939,423 $65,038,017 $61,065,872 User fees and other revenue 34,698,23834,698,23834,698,23834,698,238 35,086,269 32,936,021 Senior government transfers 4,421,3024,421,3024,421,3024,421,302 13,997,301 12,817,578 Development revenue 5,626,7815,626,7815,626,7815,626,781 26,725,747 3,920,831 Interest and investment income Investment Income 3,204,700 Interest Income 825,549 Less: Deferred amount (544,221) Interest and investment income 3,486,0283,486,0283,486,0283,486,028 1,753,000 3,473,800 Gaming revenues 819,341819,341819,341819,341 500,000 756,427 Refinancing and other gains -----102,031 Gain (loss) on disposal of tangible capital asset (1,530,761)(1,530,761)(1,530,761)(1,530,761)-(632,238) Contributed tangible capital assets (Note 13)16,709,52316,709,52316,709,52316,709,523 12,250,000 19,875,197 129,169,875129,169,875129,169,875129,169,875 155,350,334 134,315,519 Expenses Expenses Expenses Expenses (Segment Report, Note 18) Protective services 30,619,43530,619,43530,619,43530,619,435 32,344,677 28,793,697 Transportation services 16,781,93016,781,93016,781,93016,781,930 17,287,026 16,032,874 Recreation and cultural 19,529,72619,529,72619,529,72619,529,726 21,635,975 19,729,780 Water utility 13,138,93613,138,93613,138,93613,138,936 16,281,644 10,581,132 Sewer utility 9,279,2529,279,2529,279,2529,279,252 10,059,710 8,787,219 General government 13,307,27013,307,27013,307,27013,307,270 15,584,156 12,816,529 Planning, public health and other 3,939,8993,939,8993,939,8993,939,899 4,321,633 3,665,417 106,596,448106,596,448106,596,448106,596,448 117,514,821 100,406,648 Annual SurplusAnnual SurplusAnnual SurplusAnnual Surplus 22,573,42722,573,42722,573,42722,573,427 37,835,513 33,908,871 Accumulated Surplus - beginning of yearAccumulated Surplus - beginning of yearAccumulated Surplus - beginning of yearAccumulated Surplus - beginning of year 839,645,013839,645,013839,645,013839,645,013 839,645,013 805,736,142 Accumulated Surplus - end of year Accumulated Surplus - end of year Accumulated Surplus - end of year Accumulated Surplus - end of year (Note 15)$$$$862,218,440862,218,440862,218,440862,218,440 $877,480,526 $839,645,013 a). The notes to the Consolidated Financial Statements are an integral part of this statement b). Contingencies, Commitments and Unrecognized Liabilities (Note 10) c). Pension Plan (Note 4) District of Maple Ridge-Statement of Financial Information Page 9 of 34 Schedule 4Schedule 4Schedule 4Schedule 4 Continuity Schedule of Debenture DebtContinuity Schedule of Debenture DebtContinuity Schedule of Debenture DebtContinuity Schedule of Debenture Debt For the Year Ended December 31, 2012 Date ofDate ofDate ofDate of Issue/MaturityIssue/MaturityIssue/MaturityIssue/Maturity Bylaw/MFABylaw/MFABylaw/MFABylaw/MFA Function/PurposeFunction/PurposeFunction/PurposeFunction/Purpose Interest Interest Interest Interest RateRateRateRate Long Term DebtsLong Term DebtsLong Term DebtsLong Term Debts Apr 2005/2027 6246/93 Recreation/Downtown Civic Properties %%%%5.75.75.75.7 Apr 2005/2027 6246/93 General Government/Downtown Office Complex %%%%5.75.75.75.7 Dec 2006/2027 6246/99 General Government/Downtown Office Complex %%%%5.05.05.05.0 Oct 2012/2017 6562/08 General Government/River Road Drainage %%%%2.12.12.12.1 Oct 2012/2027 6560/08 Protective Services/Animal Shelter %%%%2.92.92.92.9 Oct 2012/2037 6559/08 Public Health/Cemetery Expansion %%%%2.92.92.92.9 Oct 2012/2037 6679/09 Public Health/Cemetery Expansion %%%%2.92.92.92.9 Subtotal LESS:LESS:LESS:LESS: Sinking FundsSinking FundsSinking FundsSinking Funds Dec 2006/2027 6246/99 General Government/Downtown Office Complex %%%%5.05.05.05.0 Subtotal Net AmountNet AmountNet AmountNet Amount District of Maple Ridge-Statement of Financial Information Page 10 of 34 Dec 31, 2011Dec 31, 2011Dec 31, 2011Dec 31, 2011 BalanceBalanceBalanceBalance OutstandingOutstandingOutstandingOutstanding New Debt IssuedNew Debt IssuedNew Debt IssuedNew Debt Issued During the yearDuring the yearDuring the yearDuring the year Principal/Principal/Principal/Principal/ Sinking FundSinking FundSinking FundSinking Fund PaymentsPaymentsPaymentsPayments Sinking FundSinking FundSinking FundSinking Fund EarningsEarningsEarningsEarnings 2012201220122012 BalanceBalanceBalanceBalance OutstandingOutstandingOutstandingOutstanding Interest Paid/Interest Paid/Interest Paid/Interest Paid/ EarnedEarnedEarnedEarned For The YearFor The YearFor The YearFor The Year 22,125,645 -1,113,050 -21,012,595 1,203,035 3,068,294 -154,344 -2,913,950 166,823 16,300,000 ---16,300,000 813,370 -2,675,000 --2,675,000 62,338 -625,000 --625,000 15,897 -1,520,000 --1,520,000 38,573 -700,000 --700,000 9,150 41,493,939 5,520,000 1,267,394 -45,746,545 2,309,186 2,988,455 -547,383 123,985 3,659,823 123,985 2,988,455 -547,383 123,985 3,659,823 123,985 $ 38,505,484 $ 5,520,000 $ 1,814,777 $ 123,985 $ 42,086,722 $ 2,185,201 District of Maple Ridge-Statement of Financial Information Page 11 of 34 "This organization has no guarantees or indemnities under the Guarantees and Indemnities Regulation." The Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Schedule of Guarantee and Indemnity AgreementsSchedule of Guarantee and Indemnity AgreementsSchedule of Guarantee and Indemnity AgreementsSchedule of Guarantee and Indemnity Agreements for 2012for 2012for 2012for 2012 Prepared pursuant to the Financial Information Regulation, Schedule 1, Section 1 (1) (d) District of Maple Ridge-Statement of Financial Information Page 12 of 34 1111 Elected OfficialsElected OfficialsElected OfficialsElected Officials Name Position Remuneration Benefits Expenses Ashlie, Cheryl Councillor 42,762.26$ 1,742.88 $4,645.80 Bell, Corisa Councillor 42,762.41$ 1,742.88 $6,681.38 Daykin, Ernest Mayor 99,435.96$ 1,906.56 $6,838.41 Dueck, Judy Councillor 42,691.28$ 1,598.88 $1,019.91 Hogarth, Al Councillor 42,762.41$ 1,598.88 $4,558.52 Masse, Robert Councillor 42,904.37$ 1,598.88 $2,548.99 Morden, Michael Councillor 42,837.59$ 1,598.88 $2,730.10 Totals 356,156.28 11,787.84 29,023.11 2222 Other Employees (excluding those listed Other Employees (excluding those listed Other Employees (excluding those listed Other Employees (excluding those listed in Part 1 above)in Part 1 above)in Part 1 above)in Part 1 above) Name Position Remuneration Expenses Acharya, Rasika Planner II $87,500.84 $1,276.27 Armour, Douglas M.Firefighter, Acting Lieutenant $110,077.44 $322.00 Armstrong, Fred Manager Corporate Communications $113,550.39 $129.88 Balatti, Christa Recreation Manager, Health & Wellness $104,021.41 $60.00 Barrett, Kevin G.Firefighter $95,498.26 $90.00 Baski, Sebastian Firefighter $89,626.82 $0.00 Bastaja, John Director of Corporate Support $137,282.94 $1,013.44 Bayley, Christopher C.Fire Captain $112,966.28 $0.00 Benson, Laura Manager of Sustainability & Corp Planning $107,525.81 $1,536.54 Bevilacqua, Jim Fire Captain $122,502.57 $250.00 Bitcon, Stan Foreman II - Sewerworks $76,757.04 $474.15 Blakeway, Alexander Foreman III - Waterworks $75,430.01 $152.63 Blue, Sandra Manager Strategic Economic Initiatives $107,425.82 $10,165.16 Boag, David Director, Parks & Facilities $138,637.81 $1,192.35 Bonifazi, Marco Firefighter $78,103.95 $0.00 Bruce, Robert Firefighter $87,331.69 $690.95 Burrell, Lorne Trades Foreman $101,717.71 $0.00 Butler, Mary Firefighter $81,647.72 $0.00 Carmichael, Russ Director of Engineering Operations $142,742.08 $1,269.56 Carter, Christine Director of Planning $138,095.33 $2,696.61 Charlebois, Jim Manager of Community Planning $75,614.54 $152.62 Christensen, Robert Fire Captain $112,335.45 $20.00 Clelland, James Firefighter $77,505.01 $690.95 Collard, Shaun Firefighter $83,275.72 $690.95 Cooke, David GIS Coordinator $96,300.73 $126.90 Cote-Rolvink, Stephen J.Manager of Inspection Services $119,498.37 $2,869.63 Cotroneo, Tony Recreation Mgr, Youth & Neighborhood Serv $96,680.62 $93.76 Cotter, Steve Firefighter $96,817.31 $0.00 Crabtree, Christina L.Director of Information Technology $115,941.81 $576.03 Cramb, Donald B.Senior Recreation Mgr, Pitt Meadows Area $123,302.37 $2,434.25 Daunais, Don Electrical Inspector $75,397.70 $0.00 for 2012for 2012for 2012for 2012 The Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Schedule Showing the Remuneration and ExpensesSchedule Showing the Remuneration and ExpensesSchedule Showing the Remuneration and ExpensesSchedule Showing the Remuneration and Expenses Paid to or on Behalf of Each EmployeePaid to or on Behalf of Each EmployeePaid to or on Behalf of Each EmployeePaid to or on Behalf of Each Employee Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (e) and Section 6 (2) (a-d), (3) (b) and Section (6) District of Maple Ridge-Statement of Financial Information Page 13 of 34 for 2012for 2012for 2012for 2012 The Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Schedule Showing the Remuneration and ExpensesSchedule Showing the Remuneration and ExpensesSchedule Showing the Remuneration and ExpensesSchedule Showing the Remuneration and Expenses Paid to or on Behalf of Each EmployeePaid to or on Behalf of Each EmployeePaid to or on Behalf of Each EmployeePaid to or on Behalf of Each Employee Davis, Craig Firefighter $109,134.14 $0.00 Davis, Jeff Firefighter $97,241.87 $0.00 Denton, Darrell E.Business Retention & Expansion Officer $76,470.86 $2,366.23 Dickson, Janet Senior Analyst Programmer $81,015.93 $1,314.56 Dingwall, William J.Manager of Utility Engineering $123,639.11 $4,307.48 Dorrell, Robert Tradesperson - Foreman $79,858.09 $0.00 Eng, Michael Traffic & Transportation Technologist $81,554.50 $919.59 Ettinger, Glenn Firefighter $103,439.21 $690.95 Exner, Howard Fire Assistant Chief, Training & Operations $134,365.33 $2,025.49 Franklin, Steven Fire Captain $109,228.62 $0.00 Gaudette, Christopher Firefighter $95,276.70 $0.00 Gill, Paul GM, Corporate & Financial Services $193,108.47 $6,511.69 Gjaltema, Michael Tradesperson II, Electrician $78,925.99 $581.00 Glasgow, Ian Firefighter $94,743.17 $24.22 Goddard, Charles Manager of Dev & Environmental Services $127,797.80 $5,675.90 Gordon, Thomas Engineering Technologist I $80,015.21 $303.22 Gormley, Kathleen Manager of Business Systems $105,383.83 $361.45 Grootendorst, Peter Fire Chief, Director Fire Oper. & Staff Dev $151,717.81 $9,050.87 Guerra, Maria Senior Project Engineer $102,153.41 $1,176.55 Guy, Ronald Engineering Works Inspector $77,821.05 $483.31 Hall, Diana Planner II $87,500.82 $479.80 Hampton, Warren Firefighter $87,742.36 $35.00 Hansen, Damon Firefighter $89,134.83 $28.00 Harcus, David Fire Captain $101,281.55 $24.22 Hardy, Wayne Superintendent Roads & Equipment $121,882.64 $300.16 Harwood, Kevin Fire Captain $109,282.03 $20.00 Holitzki, Elizabeth Director Licences, Permits & Bylaws $150,278.15 $4,252.68 Hopper, Clinton Firefighter $87,121.51 $0.00 Jonat, Cameron Firefighter $97,589.39 $19.25 Jones, Maureen Senior Mgr of Police Services, Fin & Admin $102,816.22 $28.83 Jorde, Shelley Recreation Mgr Community Connections $110,992.42 $135.71 Judd, Stephen Manager of Infrastructure Development $105,367.41 $649.34 Juoksu, Paul Building Inspector I $78,223.60 $837.07 Juurakko, Timo Fire Asst Chief, Comm & Support Services $132,539.09 $2,271.75 Kopystynski, Adrian Planner II $75,882.60 $85.00 Lamont, Kathy I.Personnel Officer $93,846.81 $12.03 Leeburn, John Executive Director to CAO $131,852.08 $535.51 Liu, Wilson Geomatics Supervisor $80,439.23 $384.62 Macdonald, Robert Firefighter $91,748.12 $3,451.50 Mah, Edwin Building Inspector I $75,365.39 $763.12 Mallory, Geoffrey Manager Parks and Open Space $101,277.08 $470.20 Marlo, Ceri Mgr of Legislative Services & Emerg. Program $128,006.54 $2,817.47 McCormick, Wendy Director of Recreation $134,524.27 $3,303.34 McCurry, Aaron Foreman II - Waterworks $76,050.08 $82.30 McKee, Christopher J.Firefighter, Acting Lieutenant $97,924.62 $33.86 McLeod, Bruce Manager, Parks Planning & Development $109,030.01 $4,123.80 Merenick, Diane Bylaw Services Supervisor $87,910.82 $1,311.98 Mikes, Daniela Manager of Procurement $98,446.29 $4,331.11 Millward, Michael Facilities Operations Manager $107,254.09 $1,251.49 Mitchell, Ed Superintendent Waterworks $114,525.66 $4,535.69 Narayan, Sureshwar Senior Analyst Programmer $91,782.55 $2,308.12 Negoita, Victor Electro/Mechanical Manager $109,349.15 $3,936.64 Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (e) and Section 6 (2) (a-d), (3) (b) and Section (6) District of Maple Ridge-Statement of Financial Information Page 14 of 34 for 2012for 2012for 2012for 2012 The Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Schedule Showing the Remuneration and ExpensesSchedule Showing the Remuneration and ExpensesSchedule Showing the Remuneration and ExpensesSchedule Showing the Remuneration and Expenses Paid to or on Behalf of Each EmployeePaid to or on Behalf of Each EmployeePaid to or on Behalf of Each EmployeePaid to or on Behalf of Each Employee Newbery, Jerry Building Services Supervisor $85,161.53 $19.05 Nolan, Catherine Manager of Accounting $113,139.82 $2,769.55 Oleschak, Walter Superintendent of Roads and Fleet $100,678.82 $2,991.44 Perkin, Kevin G.Fire Lieutenant $97,911.42 $0.00 Pollock, David Municipal Engineer $139,317.52 $1,060.43 Pope, Danielle Manager of Business Operations $88,648.47 $838.34 Porter, Gary K.Fire Lieutenant $105,258.26 $0.00 Quinn, Frank GM, Public Works & Development Services $204,131.83 $4,102.59 Ramsay, Robert Fire Training Officer $111,421.99 $1,149.01 Riach, Ron Property & Risk Manager $103,390.45 $184.31 Richmond, Calvin Foreman III $83,512.49 $475.99 Rule, James Chief Administrative Officer $246,561.81 $10,490.69 Rutledge, Silvia Manager of Revenue & Collections $109,661.22 $1,662.21 Schurer, Oliver Business Systems Analyst $86,093.03 $559.63 Serediuk, Sean Network Support Specialist $95,398.45 $627.14 Serne, Bernie Superintendent Sewer works $105,717.01 $2,121.56 Seward, Adam R.Firefighter, Acting Lieutenant $98,364.14 $143.79 Sinclair, James G.Fire Captain $90,033.54 $4,576.50 Smitton, Mark Fire Asst Chief, Fire Prev & Communications $121,764.27 $3,274.35 Snow, Roy C.Firefighter, Acting Lieutenant $98,934.42 $239.42 Spence, Dane Fire Chief, Director Comm Fire Safety Services $152,232.21 $5,500.82 Stewart, Michael Fire Captain $113,371.29 $28.00 Stott, Rodney C.Environmental Planner $87,500.81 $153.52 Stripp, Mitchell Electronics Technician $80,633.18 $3,480.31 Swift, Kelly GM, Community Dev, Parks & Recreation $170,446.68 $2,036.76 Teboekhorst, Dennis Fire Lieutenant $117,012.01 $0.00 Thompson, Trevor Manager of Financial Planning $107,225.81 $5,631.41 Todd, Thomas Foreman III - Sewerworks $90,513.77 $805.88 Traviss, Stephen Senior Human Resources Officer $107,970.39 $6,609.58 Vandenbor, Paul J.Engineering Works Inspector $77,821.01 $0.00 Van Dop, Michael J.Firefighter, Acting Asst Fire Chief, Plan&Prev.$99,391.50 $1,526.25 Van Tunen, Randolph Foreman III - Parks $75,582.22 $0.00 Varcoe, Thomas Foreman II - Electro/Mechanical $79,925.26 $0.00 Vinje, Brock Firefighter $87,870.67 $9.64 Wetherill, Michelle Manager, Payroll & Employee Relations $110,127.98 $1,147.63 Wheeler, Susan Director of Community Services $121,838.48 $2,130.52 Wilson, Davin Engineering Technologist I $83,056.07 $3,289.02 Wilson, Samuel Water System Operator $76,923.05 $171.23 Wing, Graham Firefighter $86,093.17 $1,554.25 Wong, Richard Manager of Design & Projects $90,609.70 $754.38 Zosiak, Lisa A.Planner II $87,670.91 $1,986.87 Subtotal $12,939,886.72$12,939,886.72$12,939,886.72$12,939,886.72 $181,688.80$181,688.80$181,688.80$181,688.80 Consolidated Total of 18,499,051.56 100,378.03 Employees with remuneration less than $75,000 Total All Employees 31,438,938.28 282,066.83 Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (e) and Section 6 (2) (a-d), (3) (b) and Section (6) District of Maple Ridge-Statement of Financial Information Page 15 of 34 for 2012for 2012for 2012for 2012 The Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Schedule Showing the Remuneration and ExpensesSchedule Showing the Remuneration and ExpensesSchedule Showing the Remuneration and ExpensesSchedule Showing the Remuneration and Expenses Paid to or on Behalf of Each EmployeePaid to or on Behalf of Each EmployeePaid to or on Behalf of Each EmployeePaid to or on Behalf of Each Employee 3 ReconciliationReconciliationReconciliationReconciliation Total remunerationTotal remunerationTotal remunerationTotal remuneration Elected Officials 356,156.28 Other Employees 31,438,938.28 Subtotal 31,795,094.56 Other reconciling Items Employer portion of: CPP 986,897.96 EI 475,577.32 Accruals 678.00 WCB 287,145.28 Pension 2,544,592.00 Other employer costs 1,392,987.51 (Medical, Dental, etc.) Wages & Salaries per Consolidated Financial Statements,37,482,972.63 Annual Report, Page 67 Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (e) and Section 6 (2) (a-d), (3) (b) and Section (6) District of Maple Ridge-Statement of Financial Information Page 16 of 34 1111 Alphabetical list of suppliers who received aggregate payments exceeding $25,000Alphabetical list of suppliers who received aggregate payments exceeding $25,000Alphabetical list of suppliers who received aggregate payments exceeding $25,000Alphabetical list of suppliers who received aggregate payments exceeding $25,000 Supplier NameSupplier NameSupplier NameSupplier Name Aggregate amount paid to supplierAggregate amount paid to supplierAggregate amount paid to supplierAggregate amount paid to supplier 0681186 BC Ltd.$49,373.70 0891551 BC Ltd.$40,484.00 0724674 BC Ltd.$50,000.00 0775983 BC Ltd.$53,479.55 0946235 BC Ltd.$41,419.82 A & A Testing Ltd.$136,880.58 A & G Supply Ltd.$63,754.52 A O K Tree Service Ltd.$29,400.84 A T & H Industries Inc $191,370.94 Ablesun Plastics Ltd.$38,933.32 Accent Glass & Locksmith $75,547.22 Adopt A Block Society $25,000.00 AECOM Canada Ltd.$44,640.76 Alliance Painting & Decorating $33,768.00 Alouette River Management Soc $25,880.00 AMEC Earth & Environmental Ltd.$53,443.12 Quinnell, James Arthur & Laura Michelle $779,797.59 Andrew Sheret Ltd.$37,848.88 Aplin & Martin Consultants Ltd.$147,275.53 Armtec Limited Partnership $41,146.06 Art.Site $46,607.33 Avenue Machinery Corp $112,459.77 AW Fire Guard & Supplies Ltd.$37,488.30 Bartle & Gibson Co. Ltd.$47,387.59 BC Hydro $1,306,741.76 BC SPCA $335,404.60 BCRS Road Safe Inc.$79,193.72 BDO Canada LLP $51,464.46 BFI Canada Vancouver $110,251.41 Billesberger, Valerie $89,001.92 Black Press Group Ltd.$52,929.92 Bob's A-Z Rentals Ltd.$35,614.84 Boileau Electric & Pole Ltd.$318,318.75 Brook Pooni Associates Inc.$29,336.72 Canada Pipe Company Ltd.$146,907.70 Canadian Pacific Railway $47,772.03 Cansel Survey Equipment Inc.$49,543.33 Canstar Restorations $30,883.45 Capilano Highway Services $207,805.15 Carter Pontiac Buick Ltd.$114,750.72 Centimark Corporation $32,760.45 Chairlines $28,300.16 Chase Office Interiors $31,581.74 Chevron Canada Ltd.$976,719.41 City Of Pitt Meadows $664,443.69 Columbia Bitulithic Ltd.$325,411.53 Commercial Aquatic Supplies $48,401.39 Commercial Solutions Inc.$80,983.81 Con-West Contracting Ltd.$27,664.00 Co-Pilot Industries Ltd.$132,580.16 Coquitlam Ridge Constructors $221,331.71 Corix Water Products $67,955.91 Creative Transportation $39,438.56 Cross, Connie $50,422.74 Crown Contracting Limited $203,729.34 The Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision of Goods or Services for 2012of Goods or Services for 2012of Goods or Services for 2012of Goods or Services for 2012 Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (f) and Section 7 (1) (a-c) and (2) (b) District of Maple Ridge-Statement of Financial Information Page 17 of 34 The Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision of Goods or Services for 2012of Goods or Services for 2012of Goods or Services for 2012of Goods or Services for 2012 CSDC Systems Inc.$53,448.64 Dams Ford Lincoln Sales Ltd.$42,176.97 Delcan Corporation $185,899.37 Diamond Land Consultants Inc.$71,081.64 Dixon Networks Corporation $28,812.00 Double M Excavating Ltd.$1,176,320.04 Douglas Lake Equipment $32,263.25 Downtown Maple Ridge Business $268,404.38 DSD Document Systems Direct Ltd.$65,090.57 Eagle West Truck & Crane Inc.$39,891.04 Econolite Canada Inc.$34,872.57 EMCO Corporation $54,118.32 Emergency Communications for Southwest BC $971,209.00 Empire Signworks Inc.$50,812.17 Equity Valuation & Consulting $62,412.00 ESRI Canada Limited $88,761.23 Exp Services Inc.$52,459.26 Falcon Centre Joint Venture $50,000.00 Family Education & Support Ctr $29,000.00 First Truck Centre Vancouver Inc.$246,529.89 Fitness Edge $194,491.38 Fleet Services Installation $28,917.45 Flynn Canada Ltd.$162,726.89 Fort Fabrication & Welding Ltd.$86,125.31 FortisBC - Natural Gas $214,755.49 Fraser Valley Fire Protection $29,740.14 Fraser Valley Regional Library $2,486,131.00 Frazer Excavation Ltd.$166,129.26 Fred Surridge Ltd.$142,129.70 Fuseforward International Inc.$35,840.00 G P Rollo & Associates Ltd.$67,638.72 Gibson Waterworks Supply Inc.$60,589.14 Golden Ears Ortho & Sports $91,083.96 Greater Vancouver Sewerage & Drainage $51,876.80 Greater Vancouver Water District $8,842,705.75 Green Landscape Experts Ltd.$58,956.81 Greengym Outdoor Fitness Equipment $26,045.60 Guest Excavating Company Ltd.$31,102.40 Guillevin International Inc.$221,897.64 Habitat Systems Inc.$105,754.31 Hanks Trucking And Bulldozing $57,737.12 Hapa Collaborative $44,011.58 Heenan Blaikie LLP $47,500.34 High Profile Roof Care Inc.$32,284.00 Homewood Human Solutions Canada $38,492.97 Houle Electric Ltd.$39,405.36 ICBC - Fleet Insurance $154,734.00 ICOM Canada $53,939.90 IDR Services Ltd.$32,038.10 Imperial Paving $2,243,775.81 Inprotect Systems Inc.$81,966.19 Interprovincial Traffic Services $181,944.00 ISL Engineering & Land Services $50,014.12 Jack 4 Trade $58,665.15 Jacks Automotive & Welding $157,934.00 Justice Institute of BC $34,480.58 Kerr Wood Leidal Associates $30,865.19 Keywest Asphalt Ltd.$729,854.26 Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (f) and Section 7 (1) (a-c) and (2) (b) District of Maple Ridge-Statement of Financial Information Page 18 of 34 The Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision of Goods or Services for 2012of Goods or Services for 2012of Goods or Services for 2012of Goods or Services for 2012 Lafarge Canada Inc.$32,802.25 LCP Signal Management Inc.$46,351.20 Letts Environmental Consultant $57,455.49 Lordco Parts Ltd.$91,409.68 Lups Contractors Ltd.$31,095.40 MacLean Homes $47,076.00 Manulife Financial $994,390.86 Maple Ridge & PM Arts Council $761,456.03 Maple Ridge Historical Society $134,328.00 Mar-Tech Underground Services $132,071.27 Marten Timmer Excavating Ltd.$312,207.85 Matcon Civil Constructors Inc.$125,754.16 McRae's Septic Tank Service $68,883.79 McTar Petroleum Ltd.$99,573.74 Medical Services Plan $277,776.90 Medisys Health Group Inc.$44,225.55 Metro Motors Ltd.$110,983.04 Microserve $570,640.25 Microsoft Licensing $103,146.05 Mierau $111,618.24 Mills Printing & Stationery $72,429.23 Minister of Finance - Dept.of Transportation $28,479.01 MMM Group Limited $50,330.21 Mobilecom Radio Company $25,273.56 Municipal Insurance Assoc.$450,209.50 Municipal Pension Plan $2,545,269.77 Newlands Lawn & Garden Maintenance $132,568.80 North of 49 Enterprises Ltd.$108,220.84 Nova Pole International Inc.$26,120.08 Now Solutions $53,844.00 Ocean Pipe T6045 $35,209.94 OK Tire $29,721.36 Open Storage Solutions $184,999.80 Oracle Corporation Canada Inc.$48,390.18 Pacific Ace Sports Surfaces $100,177.28 Pacific Flow Control Ltd.$49,051.52 Panorama LMS 4011 $119,703.02 Pattison Sign Group $25,314.24 Paul Bunyan Tree Services $143,446.80 Peter Dorozan Cable Communications $28,161.28 Pitney Works $45,416.90 Pitt Meadows Heritage & Museum $76,416.00 Pitt River Quarries $64,559.94 Plan Group Inc.$65,688.60 PW Trenchless Construction Inc.$226,302.36 Quantum Murray LP $31,920.48 Rainbow Paving Ltd.$29,030.40 Raincity Janitorial Services Ltd.$383,024.89 Raybern Erectors Ltd.$53,769.54 RCMP - Receiver General $13,107,665.75 Receiver General-Payroll Deductions $1,443,914.71 Reliable Flagging Services Ltd.$55,477.15 Remdal Painting & Restoration $141,616.91 RF Binnie & Associates Ltd.$130,538.70 RG Arenas (Maple Ridge) Ltd.$745,589.58 RGH Pacific Emergency Services $53,676.00 RHE Communications Inc.$25,364.61 Ridge Meadows Seniors Society $195,622.00 Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (f) and Section 7 (1) (a-c) and (2) (b) District of Maple Ridge-Statement of Financial Information Page 19 of 34 The Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision of Goods or Services for 2012of Goods or Services for 2012of Goods or Services for 2012of Goods or Services for 2012 Ridge Meadows Recycling Society $1,299,026.70 RJ Construction $87,870.64 Robert Glenn Nat Plant Nursery $40,043.64 Rogers $131,104.04 Ross Systems Inc.$91,994.13 Scottish Line Painting Ltd.$106,719.27 Seal Tec Industries Ltd.$75,334.64 Shades Of Green Landscaping $30,217.60 Shi Canada ULC $30,432.72 Smart-Tek Communications Inc.$47,803.41 Smithrite Portable Services $29,166.14 Spartan Controls Ltd.$56,402.18 Springford, Nicola $53,243.34 Stak Fitness $78,912.96 Star Five Classic Country $43,012.18 Strohmaier's Excavating Ltd.$337,500.43 Summit Valve & Controls Inc.$25,592.72 Surrey Fire Service $86,155.00 Suttle Recreation Inc.$86,371.24 T & T Demolition Ltd.$59,646.16 Tag Construction Ltd.$1,236,180.66 Targa Contracting Ltd.$434,927.39 Telus $105,983.50 Telus Services Inc.$38,332.19 Terra Link Horticulture Inc.$28,235.87 The Birks Company $45,968.09 Thunderbird Plastics Ltd.$31,640.00 Total Energy Systems Ltd.$290,193.94 Total Power Inc.$51,956.51 Touchstone Marble & Tile Ltd.$46,959.36 Tourism Maple Ridge & Pitt Meadows $43,200.00 Tundra Plumbing Ltd.$42,959.81 Tybo Contracting Ltd.$330,180.06 Union of BC Municipalities $30,431.49 Universal Contracting Ltd.$143,227.98 Urban Systems $83,077.45 Valley Landscaping Ltd.$34,934.14 Valley Traffic Systems Inc.$98,415.91 Van Houtte Coffee Services Inc.$40,150.51 Vanderwal Equipment Ltd.$25,555.77 Warrington PCI Management $822,899.72 Wedler Engineering $63,270.24 Wesco Distribution Inc.$35,230.69 West Coast Elevator Services $40,556.20 Westcoast Fitness Fixations Inc.$36,473.92 Westridge Security Ltd.$87,095.40 Westview Sales Ltd.$69,662.32 Whonnock Roofing Ltd.$37,083.20 Wilco Civil Inc.$607,831.83 Willis Canada Inc.$426,348.00 Winvan Paving Ltd.$71,323.27 Workers Compensation Board $363,338.28 Xylem Canada Company $40,007.68 Young, Anderson - Barristers $329,559.65 Zone West Enterprises Ltd.$31,826.96 63,246,203 Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (f) and Section 7 (1) (a-c) and (2) (b) District of Maple Ridge-Statement of Financial Information Page 20 of 34 The Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple RidgeThe Corporation of the District of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision of Goods or Services for 2012of Goods or Services for 2012of Goods or Services for 2012of Goods or Services for 2012 2222 Consolidated total paid to suppliers who received aggregate payments of $25,000 or lessConsolidated total paid to suppliers who received aggregate payments of $25,000 or lessConsolidated total paid to suppliers who received aggregate payments of $25,000 or lessConsolidated total paid to suppliers who received aggregate payments of $25,000 or less 4,488,876 3333 Total of payments to suppliers for grants and contributions exceeding $25,000Total of payments to suppliers for grants and contributions exceeding $25,000Total of payments to suppliers for grants and contributions exceeding $25,000Total of payments to suppliers for grants and contributions exceeding $25,000 Consolidated total of grants exceeding $25,000 30,000 Consolidated total of contributions exceeding $25,000 - Consolidated total of all grants and contributions exceeding $25,000 30,000 4444 ReconciliationReconciliationReconciliationReconciliation Total of aggregate payments exceeding $25,000 paid to suppliers $63,246,203 Consolidated total of payments of $25,000 or less paid to suppliers $4,488,876 Consolidated total of all grants and contributions exceeding $25,000 $30,000 Reconciling items Explanation below Total per Financial Statements, Expenditures & Expenses, Goods & Services including Capital $64,125,897 Variance $(3,639,182) Expenditures in the statements are on an accrual basis, whereas amounts paid are on a cash basis. It is important to note that not all payments are expenditures and that not all expenditures are payments. It is not practical to reconcile to those sets of data. Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (f) and Section 7 (1) (a-c) and (2) (b) District of Maple Ridge-Statement of Financial Information Page 21 of 34 Consolidated Statement of Cash FlowConsolidated Statement of Cash FlowConsolidated Statement of Cash FlowConsolidated Statement of Cash Flow For the year ended December 31, 2012 ActualActualActualActual Restated Actual 2012201220122012 2011 (Note 12) Operating transactionsOperating transactionsOperating transactionsOperating transactions Annual surplusAnnual surplusAnnual surplusAnnual surplus $22,573,427$22,573,427$22,573,427$22,573,427 $33,908,871 Items not utilizing cashItems not utilizing cashItems not utilizing cashItems not utilizing cash Amortization 17,620,75417,620,75417,620,75417,620,754 17,135,746 Loss on disposal of tangible capital assets 1,530,7611,530,7611,530,7611,530,761 632,238 Contributed tangible capital assets (16,709,523)(16,709,523)(16,709,523)(16,709,523)(19,875,197) Restricted revenues drawn in (4,777,088)(4,777,088)(4,777,088)(4,777,088)(3,615,693) (2,335,096)(2,335,096)(2,335,096)(2,335,096)(5,722,906) Change in non-cash operating itemsChange in non-cash operating itemsChange in non-cash operating itemsChange in non-cash operating items Increase in prepaid expenses (182,654)(182,654)(182,654)(182,654)(43,647) Decrease (increase) in supplies inventory 97,26097,26097,26097,260 (6,391) Decrease (increase) in accounts receivable (1,916,670)(1,916,670)(1,916,670)(1,916,670)(1,145,435) Decrease (increase) in recoverable local improvements (216,206)(216,206)(216,206)(216,206)703,568 Decrease (increase) in other assets (74,116)(74,116)(74,116)(74,116)(20,136) Decrease (increase) in inventory available for resale ----471,471 Increase (decrease) in accounts payable and accrued liabilities (208,203)(208,203)(208,203)(208,203)920,698 Increase (decrease) in deferred revenue 308,019308,019308,019308,019 (3,289,003) Increase (decrease) in refundable performance deposits 3,212,7633,212,7633,212,7633,212,763 3,151,452 Increase (decrease) in employee future benefits 60,60060,60060,60060,600 273,400 1,080,7931,080,7931,080,7931,080,793 1,015,977 Cash provided by operating transactions 21,319,12421,319,12421,319,12421,319,124 29,201,942 Capital transactionsCapital transactionsCapital transactionsCapital transactions Proceeds on disposal of tangible capital assets 74,09774,09774,09774,097 820,825 Cash used to acquire tangible capital assets (15,005,876)(15,005,876)(15,005,876)(15,005,876)(26,736,384) Reclassificaton of land bank properties 383,857383,857383,857383,857 - Cash applied to capital transactions (14,547,922)(14,547,922)(14,547,922)(14,547,922)(25,915,559) Investing transactionsInvesting transactionsInvesting transactionsInvesting transactions Decrease (increase) in portfolio investments 57,497,58757,497,58757,497,58757,497,587 (11,954,127) 57,497,58757,497,58757,497,58757,497,587 (11,954,127) Financing transactionsFinancing transactionsFinancing transactionsFinancing transactions Proceeds from debt issues 5,520,0005,520,0005,520,0005,520,000 - Debt repayment (1,938,761)(1,938,761)(1,938,761)(1,938,761)(1,878,010) Collection of restricted revenues 9,091,6699,091,6699,091,6699,091,669 7,481,816 Cash applied to financing transactions 12,672,90812,672,90812,672,90812,672,908 5,603,806 Increase in cash and temporary investmentsIncrease in cash and temporary investmentsIncrease in cash and temporary investmentsIncrease in cash and temporary investments 76,941,69776,941,69776,941,69776,941,697 (3,063,938) Cash and temporary investments - beginning of year 26,998,66126,998,66126,998,66126,998,661 30,062,599 Cash and temporary investments - end of yearCash and temporary investments - end of yearCash and temporary investments - end of yearCash and temporary investments - end of year $103,940,358$103,940,358$103,940,358$103,940,358 $26,998,661 Supplementary information:Supplementary information:Supplementary information:Supplementary information: Non-cash transactions: Transfer from undeveloped landbank properties to tangible capital assets 383,857 - Transfer from inventory available for resale to tangible capital assets -471,471 a). The notes to the Consolidated Financial Statements are an integral part of this statement b). Contingencies, Commitments and Unrecognized Liabilities (Note 10) c). Pension Plan (Note 4) District of Maple Ridge-Statement of Financial Information Page 22 of 34 Consolidated Statement of Change in Net Financial AssetsConsolidated Statement of Change in Net Financial AssetsConsolidated Statement of Change in Net Financial AssetsConsolidated Statement of Change in Net Financial Assets For the year ended December 31, 2012 Actual Actual Actual Actual Budget Restated Actual 2012 2012 2012 2012 2012 (Note 14) 2011 (Note 12) Annual SurplusAnnual SurplusAnnual SurplusAnnual Surplus $$$$22,573,42722,573,42722,573,42722,573,427 $37,835,513 $33,908,871 Add (Less):Add (Less):Add (Less):Add (Less): Change in Tangible Capital AssetsChange in Tangible Capital AssetsChange in Tangible Capital AssetsChange in Tangible Capital Assets Acquisition of tangible capital assets (31,715,399)(31,715,399)(31,715,399)(31,715,399)(97,311,137)(46,295,458) Amortization 17,620,75417,620,75417,620,75417,620,754 18,015,247 17,135,746 Proceeds from disposal of tangible capital assets 74,10074,10074,10074,100 -820,825 Loss(gain) on disposal of tangible capital assets 1,530,7611,530,7611,530,7611,530,761 -632,238 (12,489,784)(12,489,784)(12,489,784)(12,489,784)(79,295,890)(27,706,649) Change in Other Non Financial AssetsChange in Other Non Financial AssetsChange in Other Non Financial AssetsChange in Other Non Financial Assets Decrease (increase) in supplies inventory 97,25897,25897,25897,258 -(6,389) Reclassification of undeveloped land bank 383,857383,857383,857383,857 -- Acquisition of land bank properties -----(316,123) Decrease (increase) in prepaid expenses (182,654)(182,654)(182,654)(182,654)-(43,647) 298,461298,461298,461298,461 -(366,159) Increase (decrease) in Net Financial AssetsIncrease (decrease) in Net Financial AssetsIncrease (decrease) in Net Financial AssetsIncrease (decrease) in Net Financial Assets 10,382,10410,382,10410,382,10410,382,104 $(41,460,377)5,836,063 Net Financial Assets beginning of the yearNet Financial Assets beginning of the yearNet Financial Assets beginning of the yearNet Financial Assets beginning of the year 22,339,12422,339,12422,339,12422,339,124 22,339,124 16,503,061 Net Financial Assets end of the yearNet Financial Assets end of the yearNet Financial Assets end of the yearNet Financial Assets end of the year $$$$32,721,22832,721,22832,721,22832,721,228 $(19,121,253)$22,339,124 a). The notes to the Consolidated Financial Statements are an integral part of this statement b). Contingencies, Commitments and Unrecognized Liabilities (Note 10) c). Pension Plan (Note 4) District of Maple Ridge-Statement of Financial Information Page 23 of 34 Notes to the Consolidated Financial StatementsNotes to the Consolidated Financial StatementsNotes to the Consolidated Financial StatementsNotes to the Consolidated Financial Statements For the year ended December 31, 2012For the year ended December 31, 2012For the year ended December 31, 2012For the year ended December 31, 2012 1.1.1.1. Cash and InvestmentsCash and InvestmentsCash and InvestmentsCash and Investments Cash and Temporary Investments:Cash and Temporary Investments:Cash and Temporary Investments:Cash and Temporary Investments: Cash and temporary investments as at December 31, 2012 were comprised as follows: Dec 31, 2012Dec 31, 2012Dec 31, 2012Dec 31, 2012 Dec 31, 2011 Cash $$$$15,782,58915,782,58915,782,58915,782,589 $4,929,549 Temporary Investments 88,157,76988,157,76988,157,76988,157,769 22,069,112 $$$$103,940,358103,940,358103,940,358103,940,358 $26,998,661 Temporary investments are comprised of BC Credit Union term deposits and Canadian bank notes with effective interest rates of 1.8% - 2.45%. Additionally, the District holds temporary investments of $1,819,883$1,819,883$1,819,883$1,819,883 ($1,652,394 for 2011) and agreements receivable of $449,909$449,909$449,909$449,909 ($258,450 for 2011) for trusts which are not reported elsewhere in the financial statements. They are held for the following trusts: Balance Dec 31, 2011 Interest Earned Receipts Disbursements Balance Dec 31, 2012 Latecomer Fees $65,223 $-$70,854 $72,824 $$$$63,25363,25363,25363,253 Cemetery Perpetual Care 825,040 16,540 44,805 16,540 869,845869,845869,845869,845 Greater Vancouver Sewer & Drainage District 469,095 -873,733 478,798 864,030864,030864,030864,030 Albion Dyking District 551,486 342 184,215 263,379 472,664472,664472,664472,664 $1,910,844 $16,882 $1,173,607 $831,541 $$$$2,269,7922,269,7922,269,7922,269,792 Portfolio InvestmentsPortfolio InvestmentsPortfolio InvestmentsPortfolio Investments Portfolio investments include Canadian bank notes and BC Credit Union term deposits with effective interest rates of 2.25-2.63%. A portion of the bank notes held have interest payments linked to the performance of a set of equities or a financial index without stated or certain interest rates. For these investments, income is recognized as it is received; in 2012 returns were positive and ranged to 6.74%. Included in interest earnings are gains on the sale of investments before maturity. In 2012 gains totalled $936,534$936,534$936,534$936,534 ($1,148,044 for 2011). The District does not hold any asset backed commercial paper or hedge funds. The carrying value of securities is based on the cost method whereby the cost of the security is adjusted to reflect investment income that is accruing and any permanent decline in market value. During the term of individual investments there will be fluctuations in market values. Such fluctuations are considered normal, and if held to maturity, market value will be equal to face value. The carrying value of Portfolio Investments at December 31, 2012 was $33,315,006$33,315,006$33,315,006$33,315,006 ($90,812,593 for 2011). The market value at December 31, 2012 was $32,913,810$32,913,810$32,913,810$32,913,810 ($90,362,851 for 2011). 2.2.2.2. Accounts ReceivableAccounts ReceivableAccounts ReceivableAccounts Receivable 2012201220122012 2011 Property Taxes $$$$6,577,8016,577,8016,577,8016,577,801 $6,258,187 Other Governments 5,739,0565,739,0565,739,0565,739,056 4,770,393 General and Accrued Interest 2,109,9512,109,9512,109,9512,109,951 2,531,650 Development Cost Charges 5,195,6595,195,6595,195,6595,195,659 4,163,340 19,622,46719,622,46719,622,46719,622,467 17,723,570 Less: Allowance for Doubtful Accounts (158,327)(158,327)(158,327)(158,327)(176,100) $$$$19,464,14019,464,14019,464,14019,464,140 $17,547,470 District of Maple Ridge-Statement of Financial Information Page 24 of 34 3. 3. 3. 3. Recoverable Local ImprovementsRecoverable Local ImprovementsRecoverable Local ImprovementsRecoverable Local Improvements The District provides interim financing for certain geographically localized capital projects. It recovers these amounts either from benefiting property owners or from provincial subsidies. Interest rates are established at the outset of the process and are a function of borrowing rates at the time. Repayment is typically made over fifteen years. As at December 31, 2012 the recoverable balance was comprised as follows: 2012201220122012 2011 Recoverable from property ownersRecoverable from property ownersRecoverable from property ownersRecoverable from property owners $$$$1,853,3101,853,3101,853,3101,853,310 $1,637,104 4.4.4.4. Pension PlanPension PlanPension PlanPension Plan The District and its employees contribute to the Municipal Pension Plan (the Plan), a jointly trusteed pension plan. The board of trustees, representing plan members and employers, is responsible for overseeing the management of the Plan, including investment of the assets and administration of benefits. The Plan is a multi-employer contributory pension plan. Basic pension benefits provided are based on a formula. The plan has about 176,000 active members and approximately 67,000 retired members. Active members include approximately 35,000 contributors from local governments. The most recent acturial valuation as at December 31, 2009 indicated a $1,024 million funding deficit for basic pension benefits. The next valuation will be as at December 31, 2012 with results available in 2013. Defined contribution plan accounting is applied to the Plan as the Plan exposes the participating entities to actuarial risks associated with the current and former employees of other entities, with the result that there is no consistent and reliable basis for allocating the obligation, Plan assets and cost to individual entities participating in the Plan. The District paid $2,544,592$2,544,592$2,544,592$2,544,592 (2011 - $2,360,765 ) for employer contributions to the Plan in fiscal 2012, while employees contributed $2,127,243$2,127,243$2,127,243$2,127,243 (2011 - $1,946,622) to the plan in fiscal 2012. 5.5.5.5. Accounts Payable and Accrued LiabilitiesAccounts Payable and Accrued LiabilitiesAccounts Payable and Accrued LiabilitiesAccounts Payable and Accrued Liabilities 2012201220122012 2011 Accounts Payable:Accounts Payable:Accounts Payable:Accounts Payable: General $$$$4,235,3944,235,3944,235,3944,235,394 $5,093,886 Other Governments 7,204,1437,204,1437,204,1437,204,143 6,741,112 Salaries and Wages 810,799810,799810,799810,799 663,536 12,250,33612,250,33612,250,33612,250,336 12,498,534 Accrued Liabilities:Accrued Liabilities:Accrued Liabilities:Accrued Liabilities: Vacation Pay 304,050304,050304,050304,050 264,805 Other Vested Benefits 379,883379,883379,883379,883 379,133 683,933683,933683,933683,933 643,938 $$$$ 12,934,26912,934,26912,934,26912,934,269 $ 13,142,472 District of Maple Ridge-Statement of Financial Information Page 25 of 34 6.6.6.6.Long Term Debt (Schedule 4)Long Term Debt (Schedule 4)Long Term Debt (Schedule 4)Long Term Debt (Schedule 4) The District obtains debt instruments through the Municipal Finance Authority (MFA), pursuant to security issuing bylaws under authority of the Community Charter, to finance certain capital expenditures. Debt is reported net of Sinking Fund balances and interest expense is reported net of Sinking Fund earnings. The District carries no debt for others. Debt issued and outstanding as at December 31, 2012 was $42,086,722$42,086,722$42,086,722$42,086,722 ($38,505,484 for 2011). The following debenture debt amounts plus related interest are payable over the next five years: 2013201320132013 2014201420142014 2015201520152015 2016201620162016 2017201720172017 $2,428,959 $2,465,754 $2,503,588 $2,542,491 $2,582,492 The District has the following authorized but un-issued long term debt as at December 31, 2012 : L/A Bylaw L/A Amount Expiry Date #6558 $6,000,000 July 2013 #6560 275,000 July 2013 #6561 10,671,185 July 2013 #6679 1,100,000 September 2014 #6680 4,680,000 September 2014 $22,726,185 7.7.7.7. Other AssetsOther AssetsOther AssetsOther Assets 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. If this occurs, the regional districts may be called upon to restore the fund. Upon the maturity of a debt issue the unused portion of the Debt Reserve Fund established for that issue will be discharged to the District. The District has estimated that there is only a remote possibility that these funds will not be paid to it and therefore these funds have been included in Other Assets of $684,971$684,971$684,971$684,971 ($610,856 for 2011). 8.8.8.8. Employee Future BenefitsEmployee Future BenefitsEmployee Future BenefitsEmployee Future Benefits The District provides employee future benefits in the form of severance benefits and vested and non-vested sick leave to qualifying employees. These benefits are not separately funded. Severance benefits are cash settlements paid to employees who cease their employment with the District after a specified period of time. Full time employees hired before February 11, 1999 qualify for five days pay per year of employment, provided they either work a minimum of 20 years with the District or retire as defined by the Public Sector Pension Plan Act. Full time employees hired after February 11, 1999 qualify for 20 days pay provided they work a minimum of 10 years with the District and retire as defined by the Public Sector Pension Plan Act. The District permits full time employees to accumulate up to 18 days per year of service for future illnesses up to a maximum of 250 days. For certain qualifying employees a portion of this benefit vests; for the balance, this benefit does not vest and cannot be converted to any other type of benefit. District of Maple Ridge-Statement of Financial Information Page 26 of 34 An actuarial valuation of these benefits was performed to determine the District's liability and accrued benefit obligation as at December 31, 2012. The valuation resulted in an unamortized actuarial gain of $2,600$2,600$2,600$2,600 ($700,900 loss for 2011 ) at December 31, 2012. Actuarial gains or losses are amortized over the expected average remaining service life of employees. The benefit liability at December 31, 2012 was $4,745,500$4,745,500$4,745,500$4,745,500 , ($4,684,900 for 2011) comprised as follows: 2012201220122012 2011 Benefit Liability - Beginning of the year $$$$4,684,9004,684,9004,684,9004,684,900 $4,411,500 Add:Current service costs 396,000396,000396,000396,000 341,900 Interest on accrued benefit obligation 187,500187,500187,500187,500 213,400 Less:Amortization of actuarial loss (gain) 69,60069,60069,60069,600 44,500 Benefits paid during the year (592,500)(592,500)(592,500)(592,500)(326,400) Benefit Liability - End of the year 4,745,5004,745,5004,745,5004,745,500 4,684,900 Less:Unamortized actuarial loss (gain)(2,600)(2,600)(2,600)(2,600)700,900 Accrued benefit obligation - End of the year 4,742,9004,742,9004,742,9004,742,900 5,385,800 Actuarial assumptions used to determine the District's accrued benefit obligation are as follows: 2012 2012 2012 2012 2011 Discount rate (long-term borrowing rate)3.30 %3.30 %3.30 %3.30 %3.40 % Expected future inflation rate 2.50 %2.50 %2.50 %2.50 %2.50 % Merit and inflationary wage and salary increases averaging 3.55 %3.55 %3.55 %3.55 %4.55 % Estimated average remaining service life of employees (years)10.210.210.210.2 10.3 9.9.9.9. Property Tax LeviesProperty Tax LeviesProperty Tax LeviesProperty Tax Levies In addition to its own tax levies, the District is required to levy taxes on behalf of various other taxing authorities. These include the provincial government for local school taxes, incorporated dyking districts located within the District and, organizations providing regional services in which the District has become a member. Total tax levies for 2012 of $102,750,611$102,750,611$102,750,611$102,750,611 , ($98,359,060 for 2011) were comprised as follows. 2012201220122012 2011 Municipal Tax LeviesMunicipal Tax LeviesMunicipal Tax LeviesMunicipal Tax Levies $$$$64,939,42364,939,42364,939,42364,939,423 $61,065,872 Levies for other authoritiesLevies for other authoritiesLevies for other authoritiesLevies for other authorities School taxes 30,103,73630,103,73630,103,73630,103,736 29,434,404 Greater Vancouver Transit Authority 5,500,4205,500,4205,500,4205,500,420 5,623,557 British Columbia Assessment Authority 896,645896,645896,645896,645 897,324 Greater Vancouver Regional District 816,431816,431816,431816,431 904,315 Dyking Districts 491,107491,107491,107491,107 430,826 Municipal Finance Authority 2,8492,8492,8492,849 2,762 Total Collections for OthersTotal Collections for OthersTotal Collections for OthersTotal Collections for Others 37,811,18837,811,18837,811,18837,811,188 37,293,188 Total Tax LeviesTotal Tax LeviesTotal Tax LeviesTotal Tax Levies $$$$ 102,750,611102,750,611102,750,611102,750,611 $ 98,359,060 District of Maple Ridge-Statement of Financial Information Page 27 of 34 10.10.10.10.Contingencies, Commitments and Unrecognized Liabilities:Contingencies, Commitments and Unrecognized Liabilities:Contingencies, Commitments and Unrecognized Liabilities:Contingencies, Commitments and Unrecognized Liabilities: (a)(a)(a)(a) Third Party ClaimsThird Party ClaimsThird Party ClaimsThird Party Claims Where losses related to litigation are possible and can be reasonably estimated management accrues its best estimate of loss. For 2012 this estimate is $502,816$502,816$502,816$502,816 ($458,860 for 2011). These amounts are included in accounts payable and accrued liabilities. There are various other claims by and against the District, the outcome of which cannot be reasonably be estimated. Any ultimate settlements will be recorded in the year the settlements occur. (b)(b)(b)(b) Contractual ObligationsContractual ObligationsContractual ObligationsContractual Obligations (i) Water (a) The District has entered into a cost share agreement with the Greater Vancouver Water District for the construction of infrastructure. Under this agreement the District expects to incur costs of approximately $4,539,256$4,539,256$4,539,256$4,539,256 over the next 2 years. The liability is recorded as the related costs are incurred. (ii) Recreation and Cultural Services (a) In 1998 the District entered into an agreement to purchase ice sheet time for five years commencing in 1999, with a five-year renewal option. In August 2008, the District renewed the agreement for an additional five-year period. The minimum annual payment due for the provision of ice time is $609,225. These payments are recorded as expenses when the ice time is provided. (c)(c)(c)(c) Unrecognized LiabilityUnrecognized LiabilityUnrecognized LiabilityUnrecognized Liability The District holds shares in a non-profit organization that provides protective services to its members. Should the organization dissolve or management choose to withdraw from the organization the District would be liable for a proportionate share of any debt the organization held at that time. The liability is expected to be discharged over time through payments by the District and others for the provision of these services by the organization. Due to the ongoing operations of the organization the liability could only be quantified if the District chose to withdraw. Consequently no liability has been recognized in these financial statements. 11.11.11.11. Restricted RevenuesRestricted RevenuesRestricted RevenuesRestricted Revenues Restricted revenues held by the District as at December 31, 2012 of $45,357,203$45,357,203$45,357,203$45,357,203 , ($41,042,622 for 2011) were comprised as follows: DevelopmentDevelopmentDevelopmentDevelopment Cost ChargesCost ChargesCost ChargesCost Charges ParklandParklandParklandParkland Acquisition ChargesAcquisition ChargesAcquisition ChargesAcquisition Charges ActualActualActualActual Actual ActualActualActualActual Actual 2012201220122012 2011 2012201220122012 2011 Beginning Balance $$$$35,660,97435,660,97435,660,97435,660,974 $32,211,726 $$$$295,082295,082295,082295,082 $162,355 Collections and interest 8,629,6148,629,6148,629,6148,629,614 7,020,123 252,785252,785252,785252,785 166,482 Disbursements - operating (2,086,325)(2,086,325)(2,086,325)(2,086,325)(610,934)----- Disbursements - capital (2,662,518)(2,662,518)(2,662,518)(2,662,518)(2,959,941)11,60611,60611,60611,606 (33,755) Ending Balance $$$$ 39,541,74539,541,74539,541,74539,541,745 $ 35,660,974 $$$$ 559,473559,473559,473559,473 $ 295,082 OtherOtherOtherOther Restricted RevenuesRestricted RevenuesRestricted RevenuesRestricted Revenues TotalTotalTotalTotal Restricted RevenuesRestricted RevenuesRestricted RevenuesRestricted Revenues ActualActualActualActual Actual ActualActualActualActual Actual 2012201220122012 2011 2012201220122012 2011 Beginning Balance $$$$5,086,5665,086,5665,086,5665,086,566 $4,802,418 $$$$41,042,62241,042,62241,042,62241,042,622 $37,176,499 Collections and interest 209,270209,270209,270209,270 295,212 9,091,6699,091,6699,091,6699,091,669 7,481,817 Disbursements - operating (29,851)(29,851)(29,851)(29,851)(11,064)(2,116,176)(2,116,176)(2,116,176)(2,116,176)(621,998) Disbursements - capital (10,000)(10,000)(10,000)(10,000)-(2,660,912)(2,660,912)(2,660,912)(2,660,912)(2,993,696) Ending Balance $$$$ 5,255,9855,255,9855,255,9855,255,985 $ 5,086,566 $$$$ 45,357,20345,357,20345,357,20345,357,203 $ 41,042,622 District of Maple Ridge-Statement of Financial Information Page 28 of 34 12. 12. 12. 12. Prior Period AdjustmentsPrior Period AdjustmentsPrior Period AdjustmentsPrior Period Adjustments In 2009, the District adopted the provisions of Section 3150 of the PSAB Handbook and recorded the District's tangible capital assets, net of related amortization, as non-financial assets. During 2012, additional information became available about the District's inventory of tangible capital assets and the financial statements have been retroactively adjusted. The change represents less than 1% of tangible capital assets. The impact of these changes was to: - Decrease opening accumulated surplus by $5,243,111 - Decrease closing accumulated surplus by $6,817,939 as follows: 2011 2011 (restated)(previously reported) Net Financial Position $22,339,124 $22,339,124 Tangible capital assets (book value)801,626,175 808,444,114 Undeveloped land bank 14,832,041 14,832,041 Other non-financial assets 847,673 847,673 Accumulated Surplus $839,645,013 $846,462,952 - Decrease annual surplus by $1,574,829 as follows: 2011 2011 (restated)(previously reported) Revenues $134,315,519 $136,022,470 Expenses (expenditures) other than capital and amortization 83,270,902 83,270,902 Amortization expense 17,135,746 17,267,869 Annual Surplus 33,908,871 35,483,699 13. Tangible Capital Assets13. Tangible Capital Assets13. Tangible Capital Assets13. Tangible Capital Assets Net book valueNet book valueNet book valueNet book value 2012201220122012 2011 (restated) Land $$$$171,409,480171,409,480171,409,480171,409,480 $163,775,804 Buildings 52,129,37152,129,37152,129,37152,129,371 54,492,347 Transportation network 185,773,678185,773,678185,773,678185,773,678 183,056,307 Storm system 163,640,326163,640,326163,640,326163,640,326 159,840,958 Fleet and equipment 12,514,73612,514,73612,514,73612,514,736 12,531,688 Technology 3,763,2253,763,2253,763,2253,763,225 3,822,127 Water system 96,954,17196,954,17196,954,17196,954,171 95,566,948 Sanitary system 115,537,232115,537,232115,537,232115,537,232 115,907,266 Other 12,393,74112,393,74112,393,74112,393,741 12,632,730 $$$$814,115,960814,115,960814,115,960814,115,960 $801,626,175 For additional information, see the Schedule of Tangible Capital Assets (Schedule 5) During the year there were no write-downs of assets (2011 - $Nil) and no interest was capitalized (2011 - $Nil). In addition, roads and related infrastructure, underground networks and land contributed to the District totaled $16,709,523$16,709,523$16,709,523$16,709,523 ($19,875,197 for 2011) and were capitalized at their fair value at the time of receipt. Works of art, artifacts, cultural and historic assets are not recorded as assets in the financial statements. The District controls various works of art and historical treasures including artifacts, paintings, sculptures and mosaics located at District sites and public display areas. District of Maple Ridge-Statement of Financial Information Page 29 of 34 14. Budget14. Budget14. Budget14. Budget Budget amounts represent the Financial Plan Bylaw adopted by Council on May 8, 2012. The Financial Plan anticipated use of suprluses accumulated in previous years to balance against current year expenditures in excess of current year revenues. The following shows how these amounts were combined: Financial Plan Financial Plan Financial Plan Financial Plan Bylaw Bylaw Bylaw Bylaw Financial Statement Financial Statement Financial Statement Financial Statement Budget Budget Budget Budget RevenueRevenueRevenueRevenue Taxation $65,038,017 $65,038,017 User fees and other revenue 35,086,269 35,086,269 Other 42,976,048 42,976,048 Contributed subdivision infrastructure 12,250,000 12,250,000 Total RevenueTotal RevenueTotal RevenueTotal Revenue 155,350,334 155,350,334 ExpensesExpensesExpensesExpenses Protective services 32,344,677 32,344,677 Transportation services 17,287,026 17,287,026 Recreation and cultural 21,635,975 21,635,975 Water utility 16,281,644 16,281,644 Sewer utility 10,059,710 10,059,710 General Government 15,584,156 15,584,156 Planning, public health and other 4,321,633 4,321,633 Total expensesTotal expensesTotal expensesTotal expenses 117,514,821 117,514,821 Annual SurplusAnnual SurplusAnnual SurplusAnnual Surplus $$$$37,835,51337,835,51337,835,51337,835,513 $$$$37,835,51337,835,51337,835,51337,835,513 Less: Capital expenditures 97,311,137 Debt repayment 4,438,689 Add: Interfund transfers 13,397,881 Amortization 18,015,247 Borrowing proceeds 32,501,185 $- 15.15.15.15. Accumulated SurplusAccumulated SurplusAccumulated SurplusAccumulated Surplus Accumulated Surplus is comprised of operating surpluses and equity in tangible capital assets held in the general, sewer and water funds as well as reserves. Accumulated surplus for 2012 is $862,218,440 $862,218,440 $862,218,440 $862,218,440 ($839,645,013 for 2011) and is distributed as follows: 2012201220122012 Restated 2011 Operating surplus (Schedule 1)General $$$$6,091,1626,091,1626,091,1626,091,162 $5,750,719 Sewer 3,139,7763,139,7763,139,7763,139,776 2,508,311 Water 4,004,1574,004,1574,004,1574,004,157 3,176,352 13,235,09513,235,09513,235,09513,235,095 11,435,382 Equity in tangible capital assets (Schedule 2)General 572,957,588572,957,588572,957,588572,957,588 561,498,185 Sewer 116,943,297116,943,297116,943,297116,943,297 117,329,209 Water 98,005,90398,005,90398,005,90398,005,903 96,474,772 787,906,788787,906,788787,906,788787,906,788 775,302,166 Reserves (Schedule 3)Funds 29,908,83629,908,83629,908,83629,908,836 25,144,547 Accounts 31,167,72131,167,72131,167,72131,167,721 27,762,918 61,076,55761,076,55761,076,55761,076,557 52,907,465 Accumulated Surplus $$$$862,218,440862,218,440862,218,440862,218,440 $839,645,013 District of Maple Ridge-Statement of Financial Information Page 30 of 34 16. Expenditures and Expenses by Object16. Expenditures and Expenses by Object16. Expenditures and Expenses by Object16. Expenditures and Expenses by Object Operations Capital Acquisitions 2012 Total 2012 Budget Restated 2011 Total Goods and services 49,979,189 14,146,708 64,125,897 155,909,168 71,681,325 Wages and salaries 36,623,805 859,168 37,482,973 38,106,533 35,934,163 Interest 2,372,700 -2,372,700 2,795,009 2,391,798 Total Expenditures 88,975,694 15,005,876 103,981,570 196,810,710 110,007,286 Amortization expenses 17,620,754 -17,620,754 18,015,247 17,135,746 Contributed tangible capital assets -16,709,523 16,709,523 12,250,000 21,582,148 Total Expenditures and Expenses 106,596,448 31,715,399 138,311,847 227,075,957 148,725,180 17.17.17.17. Undeveloped Land BankUndeveloped Land BankUndeveloped Land BankUndeveloped Land Bank The District owns property in various areas identified for future growth in the Official Community Plan. These properties are not currently used in the provision of service to the citizens of Maple Ridge. The properties represent a strategic, non-renewable resource available for the advancement of Councils' strategic plan. 18.18.18.18. Segmented InformationSegmented InformationSegmented InformationSegmented Information This District is a diversified municipal government entity in the province of British Columbia that provides a wide range of services to its citizens. Municipal services have been segmented by grouping activities that have similar service objectives (by function) and separately disclosed in the segment report. Where certain activities cannot be attributed to a specific segment they have been reported as unallocated. The segments and the services they provide are as follows: Protective ServicesProtective ServicesProtective ServicesProtective Services Protective Services is comprised of the Ridge Meadows RCMP detachment, the Maple Ridge Fire Department, bylaw enforcement, inspection services and emergency services. Services provided by the segment are focused on protecting the citizens of Maple Ridge. Transportation ServicesTransportation ServicesTransportation ServicesTransportation Services Transportation Services is comprised of Engineering, Operations, Drainage and Roads. Services provided by the segment include the construction and maintenance of transportation related infrastructure. Recreation and CulturalRecreation and CulturalRecreation and CulturalRecreation and Cultural Recreation and cultural services provides library services, access to recreation facilities and maintains and operates District parks. Water UtilityWater UtilityWater UtilityWater Utility The Water Utility, in conjunction with Metro Vancouver, provides safe, clean, reliable water to the residents and businesses of the District of Maple Ridge. Sewer UtilitySewer UtilitySewer UtilitySewer Utility The Sewer Utility collects waste water and transports it to treatment plants operated by Metro Vancouver in addition to maintaining the sanitary sewer infrastructure. General GovernmentGeneral GovernmentGeneral GovernmentGeneral Government General Government provides administrative, legislative and support services for the District. Functions include financial planning and reporting, information technology, economic development and communications. Planning, Public Health and OtherPlanning, Public Health and OtherPlanning, Public Health and OtherPlanning, Public Health and Other This segment is comprised of Planning, Recycling, Cemetery and Social Planning. Activities include land use guidelines, development of the District's official community plan, management of the recycling contract and improving the social well-being of the community. UnallocatedUnallocatedUnallocatedUnallocated Unallocated includes revenues and expenses that cannot be directly attributed to the activities of an identified functional segment. District of Maple Ridge-Statement of Financial Information Page 31 of 34 There were twotwotwotwo severance agreements under which payment commenced between the District of Maple Ridge and a non-unionized employee during the fiscal year 2012. These agreements represent 14 months of compensation.*These agreements represent 14 months of compensation.*These agreements represent 14 months of compensation.*These agreements represent 14 months of compensation.* *"Compensation" was determined based on salary. THE CORPORATION OF THE DISTRICT OF MAPLE RIDGETHE CORPORATION OF THE DISTRICT OF MAPLE RIDGETHE CORPORATION OF THE DISTRICT OF MAPLE RIDGETHE CORPORATION OF THE DISTRICT OF MAPLE RIDGE STATEMENT OF SEVERANCE AGREEMENTSSTATEMENT OF SEVERANCE AGREEMENTSSTATEMENT OF SEVERANCE AGREEMENTSSTATEMENT OF SEVERANCE AGREEMENTS Prepared under the Financial Information Regulation, Schedule 1, subsection 6 (7) (a) (b) District of Maple Ridge-Statement of Financial Information Page 32 of 34 District of Maple Ridge-Statement of Financial Information Page 33 of 34 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 Canadian Public Sector accounting guidelines as outlined under “Significant Accounting Policies”.These include some amounts based on management’s best estimates and careful judgment. 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 Canada LLP, the Municipality’s independent auditors have audited the accompanying financial st atements. Their report accompanies this statement. Council carries out its responsibility for the consolidated financial statements jointly with its Audit Committee. The Committee meets with management on a scheduled basis and at least semi -annually with BDO Canada LLP to review their activities and to discuss auditing, internal control, accounting policy, and financial reporting matters.BDO Canada LLP has unrestricted access to the Municipality, the Audit Committee, and Council.Council approves the consolidated financial statements, the Audit Committee reviews the recommendations of the independent auditors for improvements to controls and as well as the actions of management to implement such recommendations. Paul Gill, CGA Jim Rule General Manager: Corporate & Financial Services Chief Administrative Officer District of Maple Ridge-Statement of Financial Information Page 34 of 34