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Home My WebLink AboutStatement of Financial Information 2015 City of Maple Ridge Statement of Financial Information 2015 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 1 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] 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 City of Maple Ridge - Statement of Financial Information Page 4 of 37 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 City of Maple Ridge - Statement of Financial Information Page 5 of 37 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 City of Maple Ridge - Statement of Financial Information Page 6 of 37 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 City of Maple Ridge - Statement of Financial Information Page 7 of 37 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 City of Maple Ridge - Statement of Financial Information Page 8 of 37 Consolidated Financial Statements Consolidated Statement of Financial PositionConsolidated Statement of Financial PositionConsolidated Statement of Financial PositionConsolidated Statement of Financial Position as at December 31, 2015 2015 2015 2015 2015 2014 Financial AssetsFinancial AssetsFinancial AssetsFinancial Assets Cash and cash equivalents (Note 1)$$$$10,146,29410,146,29410,146,29410,146,294 $14,098,635 Portfolio investments (Note 2)159,495,941159,495,941159,495,941159,495,941 140,752,034 Accounts receivable (Note 3)18,923,06718,923,06718,923,06718,923,067 18,910,387 Recoverable local improvements (Note 4)1,573,0961,573,0961,573,0961,573,096 1,772,386 Other assets (Note 5)758,106758,106758,106758,106 739,180 Inventory available for resale 4,251,1894,251,1894,251,1894,251,189 374,343 195,147,693195,147,693195,147,693195,147,693 176,646,965 LiabilitiesLiabilitiesLiabilitiesLiabilities Accounts payable and accrued liabilities (Note 6)17,918,88117,918,88117,918,88117,918,881 17,215,076 Deferred revenue (Note 8)10,667,77710,667,77710,667,77710,667,777 9,516,042 Restricted revenue (Note 9)41,686,04741,686,04741,686,04741,686,047 44,195,434 Refundable performance deposits and other 13,850,22513,850,22513,850,22513,850,225 12,006,924 Employee future benefits (Note 10)4,908,0004,908,0004,908,0004,908,000 5,086,600 Debt (Note 11, Schedule 4)34,063,63934,063,63934,063,63934,063,639 36,828,024 123,094,569123,094,569123,094,569123,094,569 124,848,100 Net Financial AssetsNet Financial AssetsNet Financial AssetsNet Financial Assets 72,053,12472,053,12472,053,12472,053,124 51,798,865 Non Financial AssetsNon Financial AssetsNon Financial AssetsNon Financial Assets Tangible capital assets (Note 12, Schedule 5)910,891,167910,891,167910,891,167910,891,167 881,235,810 Undeveloped land bank properties (Note 13)15,580,02715,580,02715,580,02715,580,027 14,385,160 Supplies inventory 350,805350,805350,805350,805 336,897 Prepaid expenses 948,925948,925948,925948,925 568,450 927,770,924927,770,924927,770,924927,770,924 896,526,317 Accumulated Surplus Accumulated Surplus Accumulated Surplus Accumulated Surplus (Note 14)$$$$999,824,048999,824,048999,824,048999,824,048 $948,325,182 Paul Gill, CPA, CGA Nicole Read General Manager, Corporate & Financial Services Mayor, City of Maple Ridge The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement. City of Maple Ridge - Statement of Financial Information Page 9 of 37 Consolidated Financial Statements Consolidated Statement of OperationsConsolidated Statement of OperationsConsolidated Statement of OperationsConsolidated Statement of Operations For the year ended December 31, 2015 Actual Actual Actual Actual Budget Actual 2015 2015 2015 2015 2015 (Note 17) 2014 Revenue Revenue Revenue Revenue (Segment Report, Note 20) Taxes for municipal purposes (Note 15)$$$$74,042,94574,042,94574,042,94574,042,945 $73,923,852 $71,350,132 User fees and other revenue 41,699,73941,699,73941,699,73941,699,739 39,048,881 38,572,819 Government transfers (Note 16)3,637,5523,637,5523,637,5523,637,552 5,071,436 2,511,485 Development revenue 12,855,80812,855,80812,855,80812,855,808 38,732,134 8,693,788 Interest and investment income Investment Income 2,752,240 Interest Income 199,075 Less: Restricted amount (533,913) Interest and investment income 2,417,4022,417,4022,417,4022,417,402 1,868,000 2,424,879 Gaming revenues 1,161,9561,161,9561,161,9561,161,956 1,050,000 1,056,051 Gain (loss) on disposal of assets (1,668,305)(1,668,305)(1,668,305)(1,668,305)4,250,000 (1,353,953) Contributed tangible capital assets (Note 12)36,744,30636,744,30636,744,30636,744,306 16,500,000 23,232,212 170,891,403170,891,403170,891,403170,891,403 180,444,303 146,487,413 Expenses Expenses Expenses Expenses (Segment Report, Note 18) Protective services 34,452,58334,452,58334,452,58334,452,583 37,146,888 31,988,914 Transportation services 17,651,33917,651,33917,651,33917,651,339 19,582,665 17,323,495 Recreation and cultural 21,562,84021,562,84021,562,84021,562,840 22,572,713 21,183,974 Water utility 15,615,93615,615,93615,615,93615,615,936 17,856,192 15,375,275 Sewer utility 9,837,5239,837,5239,837,5239,837,523 10,130,292 9,341,867 General government 14,357,49614,357,49614,357,49614,357,496 17,329,253 14,517,314 Planning, public health and other 5,914,8205,914,8205,914,8205,914,820 5,730,392 4,917,259 119,392,537119,392,537119,392,537119,392,537 130,348,395 114,648,098 Annual SurplusAnnual SurplusAnnual SurplusAnnual Surplus 51,498,86651,498,86651,498,86651,498,866 50,095,908 31,839,315 Accumulated Surplus beginning of yearAccumulated Surplus beginning of yearAccumulated Surplus beginning of yearAccumulated Surplus beginning of year 948,325,182948,325,182948,325,182948,325,182 948,325,182 916,485,867 Accumulated Surplus end of year Accumulated Surplus end of year Accumulated Surplus end of year Accumulated Surplus end of year (Note 14)$$$$999,824,048999,824,048999,824,048999,824,048 $998,421,090 $948,325,182 The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement. City of Maple Ridge - Statement of Financial Information Page 10 of 37 Consolidated Financial Statements 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, 2014 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 2006/2026 6246/99 General Government/Downtown Office Complex %%%%5.05.05.05.0 Oct 2012/2017 6562/121 General Government/River Road Drainage %%%%2.12.12.12.1 Oct 2012/2027 6560/121 Protective Services/Animal Shelter %%%%2.92.92.92.9 Oct 2012/2037 6559/121 Public Health/Cemetery Expansion %%%%2.92.92.92.9 Oct 2012/2037 6679/121 Public Health/Cemetery Expansion %%%%2.92.92.92.9 Subtotal LESS:LESS:LESS:LESS: Sinking FundsSinking FundsSinking FundsSinking Funds Dec 2006/2026 6246/99 General Government/Downtown Office Complex %%%%5.05.05.05.0 Oct 2012/2017 6562/121 General Government/River Road Drainage %%%%2.12.12.12.1 Oct 2012/2027 6560/121 Protective Services/Animal Shelter %%%%2.92.92.92.9 Oct 2012/2037 6559/121 Public Health/Cemetery Expansion %%%%2.92.92.92.9 Oct 2012/2037 6679/121 Public Health/Cemetery Expansion %%%%2.92.92.92.9 Subtotal Net AmountNet AmountNet AmountNet Amount City of Maple Ridge - Statement of Financial Information Page 11 of 37 Consolidated Financial Statements Dec 31, 2014Dec 31, 2014Dec 31, 2014Dec 31, 2014 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 2015201520152015 BalanceBalanceBalanceBalance OutstandingOutstandingOutstandingOutstanding Interest Paid/Interest Paid/Interest Paid/Interest Paid/ EarnedEarnedEarnedEarned For The YearFor The YearFor The YearFor The Year $18,691,327 $;$1,210,018 $;$17,481,309 $1,005,056 2,592,065 ;167,791 ;2,424,274 139,369 16,300,000 ;;;16,300,000 813,370 2,675,000 ;;;2,675,000 54,838 625,000 ;;;625,000 18,246 1,520,000 ;;;1,520,000 44,080 700,000 ;;;700,000 20,300 43,103,392 ;1,377,809 ;41,725,583 2,095,259 5,084,059 ;547,382 207,615 5,839,056 207,615 1,017,227 ;493,877 45,411 1,556,515 45,411 64,289 ;31,213 2,870 98,372 2,870 75,174 ;36,498 3,356 115,028 3,356 34,619 ;16,808 1,546 52,973 1,546 6,275,368 ;1,125,778 260,798 7,661,944 260,798 $36,828,024 $;$2,503,587 $260,798 $34,063,639 $1,834,461 City of Maple Ridge - Statement of Financial Information Page 12 of 37 "This organization has no guarantees or indemnities under the Guarantees and Indemnities Regulation." City of Maple RidgeCity of Maple RidgeCity of Maple RidgeCity 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 2015for 2015for 2015for 2015 Prepared pursuant to the Financial Information Regulation, Schedule 1, Section 1 (1) (d) City of Maple Ridge - Statement of Financial Information Page 13 of 37 1 Elected Officials Name Position Remuneration Benefits Expenses Bell, Corisa Councillor 42,691.35$ 7,250.11$ 4,567.53$ Duncan, Kiersten Councillor 42,762.36 3,822.79 3,383.70 Masse, Robert Councillor 41,839.26 5,824.23 719.47 Read, Nicole Mayor 99,435.96 8,807.55 2,851.79 Robson, Gordy Councillor 42,762.35 5,665.80 1,565.49 Shymkiw, Tyler Councillor 43,756.47 4,243.97 2,976.03 Speirs, Craig Councillor 42,904.37 1,413.75 6,825.09 Total All Elected Officials 356,152.12$ 37,028.20$ 22,889.10$ 2 Other Employees (excluding those listed in Part 1 above) Name Position Remuneration Expenses Albrecht, Michael Tradesperson 2 - Plumber 75,095.04$ 4,140.69$ Andre, Colin Network Analyst 78,614.20 624.02 Armour, Douglas Fire Training Officer 143,439.50 1,538.39 Armstrong, Fred Manager of Corporate Communications 118,608.32 616.99 Baird, Kathryn Recreation Coordinator - Volunteer & Special Events 76,319.28 786.92 Balatti, Christa Manager of Health & Wellness 115,153.68 1,907.03 Barrett, Kevin Fire Fighter 104,776.11 0.00 Baski, Sebastian Fire Fighter 101,438.38 856.42 Bastaja, John Director of Corporate Support 146,281.76 572.60 Bayley, Christopher Fire Captain 130,315.14 0.00 Bean, Joshua Fire Fighter 92,603.09 0.00 Benson, Laura Manager of Sustainability & Corporate Planning 114,199.92 2,055.05 Bevilacqua, Jim Fire Captain 143,586.09 387.00 Bhandari, Anita Manager of Health Safety & Employee Development 99,398.90 5,128.52 Bitcon, Stan Foreman 2 75,753.06 1,004.55 Blakeway, Alexander Foreman 3 79,502.40 649.22 Boag, David Director of Parks & Facilities 152,516.63 1,298.39 Boehmer, Jeffrey Manager of Construction & Design 126,092.56 2,844.53 Bonderud, Edward Fire Fighter 78,419.08 85.00 Bonifazi, Marco Fire Fighter 96,411.57 57.00 Bruce, Robert Fire Fighter 104,890.50 0.00 Brummer, Russell Recreation Coordinator - Health Wellness 76,999.81 1,055.94 Carmichael, Rhys Fire Fighter 101,291.24 0.00 Carmichael, Russ Director of Engineering Operations 151,632.93 5,159.30 Carter, Christine Director of Planning 153,132.51 524.70 Chamberlain, Diane Administrative Coordinator 76,973.11 1,411.78 Charlebois, Jim Manager of Community Planning 125,060.40 3,137.11 Christensen, Robert Fire Captain 132,413.99 0.00 Chui, Yvonne Recreation Manager of Arts & Community Connections 102,341.52 1,437.53 Cillis, Paul Engineering Inspector 3 81,409.28 812.49 Clelland, James Fire Fighter 108,897.25 372.60 Collard, Shaun Fire Fighter 103,563.23 0.00 Cooke, David GIS Coordinator 93,914.22 1,097.85 Cote-Rolvink, Stephen Manager of Inspection Services 132,391.76 1,136.27 Cotroneo, Tony Recreation Manager of Youth & Neighbourhood Services 105,387.20 1,491.65 Cotter, Steve Fire Fighter 108,084.93 57.00 Crabtree, Christina Director of Information Services 139,019.08 1,770.86 Cramb, Donald Senior Recreation Manager 135,167.20 1,673.10 Crapo, Ryan Tradesperson 2 - Electrical 75,107.04 1,348.63 Cullen, Patrick Emergency Program Coordinator 94,387.42 3,193.33 Cummings, Travis Fire Fighter 96,229.39 85.00 Dale, Cindy Executive Assistant 75,981.80 0.00 Daunais, Don Electrical Inspector 82,144.03 574.16 Davis, Craig Fire Fighter 111,714.15 77.00 Davis, Jeffery Fire Fighter 97,645.57 0.00 Delmonico, Jordan Fire Fighter 98,040.68 57.00 Denton, Darrell Manager of Property & Risk 97,283.36 2,054.00 for 2015 City of Maple Ridge Financial Information Act Schedule Showing the Remuneration and Expenses Paid 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) and (6) City of Maple Ridge - Statement of Financial Information Page 14 of 37 for 2015 City of Maple Ridge Financial Information Act Schedule Showing the Remuneration and Expenses Paid to or on Behalf of Each Employee Dickson, Janet Senior Analyst Programmer 88,598.91 354.49 Dingwall, W illiam Manager of Utility Engineering 127,494.82 1,694.84 Dipalo, David Tradesperson 2 - Mechanic 75,958.58 0.00 Dorrell, Robert Tradesperson Foreman 87,387.22 69.44 Dyer, Robert Trades Inspector 78,646.77 2,278.36 East, Robert Tradesperson 2 - Carpenter 75,059.46 801.90 Edwards, Catherine Senior Planning Technician 78,614.25 185.00 Eng, Michael Traffic & Transportation Technologist 90,338.76 1,757.23 Ennis, Cheryl Executive Assistant, Administration 75,576.80 2,129.97 Ettinger, Glenn Fire Fighter 124,828.34 49.24 Exner, Howard Deputy Fire Chief 152,386.00 964.33 Forsyth, Janice Recreation Coordinator - Aquatics 76,962.22 985.99 Foster, Mary Fire Fighter 104,260.85 3,406.80 Franklin, Steven Fire Captain 136,113.09 28.00 Frederick, Petra Recreation Coordinator - Leisure Access 76,169.41 574.11 Gailling, Bruce Electronics Technician 75,564.31 773.35 Gaudette, Christopher Fire Fighter 102,828.74 57.00 Gaudiuso, Jim Foreman 2 93,163.90 179.60 Gibson, Timothy Research Technician 76,025.30 622.24 Gill, Paul General Manager of Corporate & Financial Services 216,536.14 2,208.02 Gjaltema, Michael Manager of Electro & Mechanical 95,437.17 894.57 Glasgow, Ian Fire Fighter 102,039.63 37.00 Goddard, Charles Manager of Development & Environmental Services 140,048.54 2,701.82 Gordon, Thomas Engineering Technologist 75,807.92 325.00 Gormley, Kathleen Manager of Business Systems 106,461.93 1,610.32 Guerra, Maria Senior Project Engineer 113,621.59 1,451.14 Guy, Ronald Engineering Inspector 3 82,688.35 807.78 Hall, Diane Planner 2 93,002.57 539.64 Hampton, W arren Fire Fighter 100,554.30 57.00 Hansen, Damon Fire Fighter 97,441.17 57.00 Harcus, David Fire Captain 122,112.44 0.00 Harrison, Caroline Network Analyst 78,667.78 704.84 Harwood, Kevin Fire Captain 122,299.05 40.00 Haydu, John Fire Fighter 112,427.53 85.00 Hewson, Glen Trades Inspector 78,842.21 978.46 Holitzki, Elizabeth Director of Licences Permits Bylaws 137,889.44 1,739.05 Hopper, Clinton Fire Fighter 98,745.03 0.00 Jonat, Cameron Fire Fighter 106,828.29 142.00 Jones, Cameron Fire Fighter 94,443.31 0.00 Jones, Maureen Senior Manager of Police Services 117,978.80 572.93 Judd, Stephen Manager of Infrastructure Development 126,092.57 1,478.16 Juurakko, Timo Assistant Fire Chief of Community & Administrative Services 141,000.12 1,680.20 Kelleher, Jonathan Fire Fighter 101,684.56 57.00 Kelly, Paul Electrical Inspector 83,597.82 666.66 King, Frances Director of Human Resources 157,184.08 573.21 Kopystynski, Adrian Planner 2 95,093.73 4,970.70 Kovach, Natalie Systems Analyst 2 80,925.62 452.64 Kozlik, Mark Building Inspector 1 122,229.69 1,700.07 L'Arrivee, Michael Building Inspector 1 98,246.95 2,601.69 Laxton, Shannon Accountant 3 75,664.13 1,767.50 Lee, Chin-Kuan Financial Analyst 77,190.20 986.70 Lee, Joo Young Systems Analyst 2 80,173.32 615.42 Livingstone, Bruce Business Retention & Expansion Officer 75,179.85 3,219.98 Macdonald, Robert Fire Fighter 101,258.54 306.00 MacNair, Robin Manager of Bylaw & Licencing Services 109,044.29 688.28 Mah, Edwin Building Inspector 1 85,728.26 1,052.24 Mallory, Geoffrey Manager of Parks & Open Space 100,746.76 1,175.45 Marfleet, W illiam Fire Fighter 95,959.52 0.00 Marlo, Ceri Manager of Legislative Services 128,019.80 1,523.27 Matthewson-Schober, Shawn Social Planning Analyst 95,005.52 2,841.72 McAusland, Andrew Facilities Maintenance Coordinator 76,764.35 2,794.49 McCormick, W endy Director of Recreation 145,137.78 1,952.56 McCurry, Aaron Foreman 2 85,581.02 657.22 McKee, Christopher Fire Fighter 105,813.03 222.00 McLeod, Bruce Manager of Parks Planning & Development 114,249.92 2,673.67 Messam, Erica Engineering Technologist 1 75,407.92 439.48 Mikes, Daniela Manager of Procurement 115,055.01 5,381.00 Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (e) and Section 6 (2) (a-d), (3) and (6) City of Maple Ridge - Statement of Financial Information Page 15 of 37 for 2015 City of Maple Ridge Financial Information Act Schedule Showing the Remuneration and Expenses Paid to or on Behalf of Each Employee Millward, Michael Manager of Facilities Operations 117,768.72 677.02 Moore, Kelly Fire Lieutenant 121,337.66 57.00 Murphy, Siobhan Planner 2 87,501.42 1,722.43 Nagra, Dhaminder Human Resources Advisor 83,501.31 44.01 Narayan, Sureshwar Senior Analyst Programmer 95,855.79 1,752.73 Negoita, Victor Manager of Electro & Mechanical 117,015.71 608.49 Nikula, Matthew Fire Fighter 83,419.38 0.00 Nolan, Catherine Manager of Accounting 120,787.52 3,315.38 Ogilvie, Ralph Fire Fighter 84,547.81 247.00 Oleschak, W alter Superintendent of Public W orks 114,620.51 10,184.87 Patel, Brian Recreation Coordinator - Core Area 79,375.99 575.49 Pendl, Sylvia Parks Planning Technician 79,512.58 2,221.17 Perkin, Kevin Fire Lieutenant 115,429.20 37.00 Pollock, David Municipal Engineer 151,684.88 7,010.31 Pope, Danielle Manager of Business Operations 106,746.65 1,008.77 Porter, Gary Fire Lieutenant 121,620.33 57.00 Quinn, Frank General Manager of Public W orks & Development Services 205,486.54 2,184.72 Ramsay, Devin Fire Fighter 102,436.66 57.00 Ramsay, Robert Fire Captain 129,856.05 277.00 Riach, Ron Manager of Property & Risk 101,970.93 0.00 Richmond, Calvin Foreman 3 89,082.90 1,008.60 Rule, James Chief Administrative Officer 244,585.60 2,477.40 Rutledge, Silvia Manager of Revenue & Collections 119,176.66 1,526.31 Schurer, Oliver Business Systems Analyst 94,193.70 835.17 Schwaiger, Harry Building Inspector 1 78,520.20 1,037.84 Serediuk, Sean Network Support Specialist 97,757.84 1,606.10 Serne, Bernie Superintendent of Sewerworks 78,345.52 723.61 Seward, Adam Fire Fighter 110,832.64 233.00 Smitton, Mark Assistant Fire Chief of Fire Prevention & Communications 128,235.33 1,378.44 Snow, Roy Fire Fighter 116,603.91 651.63 Speers, David Recreation Coordinator - Youth, Seniors & Neighbourhood Services 77,707.19 1,016.17 Spence, Dane Fire Chief & Director of Community Fire Safety Services 163,069.22 6,104.83 Stetin, Velimir Engineering Technologist - Projects 78,678.09 2,120.65 Stewart, Michael Fire Captain 134,006.52 57.00 Stoll, Jason Plan Checker 2 76,823.48 1,155.00 Stott, Rodney Environmental Planner 97,626.76 590.58 Stripp, Mitchell Electronics Technician 88,152.29 3,894.32 Swift, Kelly General Manager of Community Development, Parks & Recreation 212,756.50 9,085.54 Taylor, Adam Fire Fighter 86,413.08 0.00 Teboekhorst, Dennis Fire Lieutenant 132,137.82 57.00 Thompson, Trevor Manager of Financial Planning 134,516.48 5,329.35 Todd, Thomas Foreman 3 87,459.70 747.64 Ulrich, Cynthia Manager of Compensation 103,314.51 1,060.37 Van Dop, Michael Assistant Fire Chief of Planning & Prevention 118,093.85 14,320.53 Van Tunen, Randolph Foreman 3 139,908.21 618.12 Vanderjagt, Ryan Fire Fighter 99,715.07 0.00 Varcoe, Thomas Foreman 2 77,859.53 658.70 Veasey, Daryl Meter Maintenance W orker 86,400.57 300.37 Veltin, George Tradesperson 2 - Mechanic 80,958.63 209.13 Vinje, Brock Fire Fighter 108,301.28 373.00 Vinje, Bryan Assistant Fire Chief of Training & Safety 108,548.07 1,233.08 Virs, Nicholas Fire Fighter 78,737.67 0.00 W alsh, Nichole Purchasing Supervisor 76,327.86 4,687.84 W etherill, Michelle Manager of Human Resources 114,399.92 936.94 W heeler, Susan Director of Community Services 196,316.68 1,065.48 W ilson, Davin Superintendent of W aterworks 93,552.98 1,647.29 W ilson, Samuel W ater System Operator 81,605.71 734.54 W ing, Graham Fire Fighter 99,982.81 508.11 Zezchuk, Edward Trades Inspector 78,614.20 981.81 Zosiak, Lisa Planner 2 93,182.40 1,805.55 Subtotal 18,430,490.61$ 232,234.82$ Consolidated Total of Employees with remuneration 16,527,096.20 98,874.44 less than $75,000 Total All Employees 34,957,586.81$ 331,109.26$ Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (e) and Section 6 (2) (a-d), (3) and (6) City of Maple Ridge - Statement of Financial Information Page 16 of 37 for 2015 City of Maple Ridge Financial Information Act Schedule Showing the Remuneration and Expenses Paid to or on Behalf of Each Employee 3 Reconciliation Total remuneration Elected Officials 356,152.12$ Other Employees 34,957,586.81 Subtotal 35,313,738.93$ Other reconciling Items CPP 1,092,349.64$ Employer portion of:EI 555,271.11 Accruals (21,604.13) W CB 385,652.84 Pension 3,302,393.00 Other employer costs 1,817,490.01 (Medical, Dental, etc.) W ages & Salaries per Consolidated Financial Statements,42,445,784.00$ Annual Report, Page 63 Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (e) and Section 6 (2) (a-d), (3) and (6) City of Maple Ridge - Statement of Financial Information Page 17 of 37 1)1)1)1)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 Aggregate amount paid Aggregate amount paid Aggregate amount paid to supplier to supplier to supplier to supplier 0946235 BC Ltd 143,115.00$ 681186 BC Ltd 53,654.47 9212426 Canada Ltd 35,280.00 A & G Supply Ltd 43,070.01 A.O.K Tree Service Ltd 33,126.19 A T & H Industries Inc 42,588.17 Absolute Industrial Mechanical 55,036.72 AC Paving Company Ltd 594,408.61 Accent Glass & Locksmith 33,515.19 ACE INA Life Insurance 26,544.61 Action Data Communications Ltd 35,932.79 AECOM Canada Ltd 56,238.25 Alouette Addiction Service Society 74,800.00 Alouette River Management Society 55,982.00 Amec Foster Wheeler Environment & Infrastructure 92,052.70 Ansan Industries Ltd 115,178.07 AON Hewitt Inc 27,300.00 Aplin & Martin Consultants Ltd 34,243.22 Aptean, Inc 82,802.86 Arsalan Construction Ltd 336,574.93 Avenue Machinery 83,917.54 AW Fire Guard & Supplies Ltd 39,644.34 B&D First Nation Constructors Group Ltd 56,623.93 Baldwin Site Elements Inc 38,990.24 Bartle & Gibson Co Ltd 51,379.05 BC Hydro 1,630,432.40 BC Institute of Technology 42,522.65 BC SPCA 338,857.82 BDO Canada LLP 72,151.20 BFI Canada Vancouver 31,165.82 Billesberger, Valerie 46,588.50 Black Press Group Ltd 63,439.87 Blue Pine Enterprises Ltd 806,588.07 Boileau Electric & Pole Ltd 361,014.47 Brandt Tractor Ltd 31,620.25 Bruce Carscadden Architect Inc 40,684.63 Bryco Projects Inc 163,059.35 Canada Pipe Company Ltd 93,706.20 Canadian Mental Health Association 71,315.00 Canadian Pacific Railway 160,352.82 Cansel Survey Equipment Inc 32,972.13 CDW Canada Inc 33,434.21 Cel-Com Systems Ltd 37,197.44 Chamco Industries Ltd 55,984.32 Chevron Canada Ltd 793,681.30 City of Pitt Meadows 276,929.59 Cobing Building Solutions 218,363.67 Columbia Bitulithic Ltd 406,346.02 Commercial Aquatic Supplies 25,409.18 Co-Pilot Industries Ltd 35,331.45 Coquitlam Ridge Constructors Ltd 161,735.48 City of Maple RidgeCity of Maple RidgeCity of Maple RidgeCity 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 2014of Goods or Services for 2014of Goods or Services for 2014of Goods or Services for 2014 Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (f) and Section 7 (1) (a-c) and (2) (b) City of Maple Ridge - Statement of Financial Information Page 18 of 37 City of Maple RidgeCity of Maple RidgeCity of Maple RidgeCity 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 2014of Goods or Services for 2014of Goods or Services for 2014of Goods or Services for 2014 Corix Water Products 149,658.26 Coutts Pulver LLP 57,909.75 Crown Contracting Limited 45,491.25 CSDC Systems Inc 109,472.36 Custom Loading Ltd 85,838.10 Dams Ford Lincoln Sales Ltd 241,380.18 Davies Park Executive Search 51,726.70 DeepRoot Canada Corp 33,526.35 Dell Canada Inc 262,656.53 Dougness Holdings Ltd 61,775.48 Drake Excavating Ltd 103,468.05 DTM Systems Corporation 49,236.33 Eagle West Crane & Rigging 33,723.64 Ecotainer Sales Inc 176,592.15 Electro Motors Co Ltd 29,647.52 Emergency Communications For British Columbia Inc 995,550.00 Empire Signworks Inc 42,587.03 esri Canada 68,936.00 FDM Software Ltd 26,563.88 Finning International Inc 27,678.08 First Truck Centre Vancouver Inc 340,023.69 Fitness Edge 193,978.91 Fort Fabrication & Welding Ltd 210,173.21 Fortis BC 229,305.69 Fraser Valley Regional Library 2,597,908.87 Frazer Excavation Ltd 438,719.34 Fred Surridge Ltd 129,069.69 Fung-San MacInnis 25,282.89 Genesis Janitorial Service Ltd 29,083.98 Gibson Waterworks Supply Inc 56,997.16 Golden Ears Alarm Systems Ltd 30,795.07 Golden Ears Ortho & Sports Physiotherapist Corp 117,159.81 Goodbye Graffiti Burnaby-Mission 26,159.92 GOtraffic Management Inc 208,394.86 Graham Hoffart Mathiasen Architects 30,423.23 Greater Vancouver Regional District 1,285,621.14 Greater Vancouver Sewerage & Drainage District 83,356.13 Greater Vancouver Water District 12,518,644.43 GLE Green Landscape Experts Ltd 48,752.46 Green Landscape Experts Ltd 60,666.21 Guest Excavating Company Ltd 25,746.00 Guillevin International Inc 203,306.48 Hallmark Facility Services Inc 298,726.28 Haney Builders Supplies 39,416.26 Heidelberg Landscaping Ltd 31,738.36 Hincks, Linda 47,185.84 Homewood Health Inc 38,533.82 Horizon Landscape Contractors 93,329.21 Houle Electric Ltd 25,002.99 Hub Fire Engines and Equipment Ltd 36,390.48 ICBC 162,314.00 IDRS 39,043.28 Image Painting & Restoration Ltd 95,544.33 Imperial Paving 2,127,508.67 Infinite Roadmarking Ltd 105,662.15 Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (f) and Section 7 (1) (a-c) and (2) (b) City of Maple Ridge - Statement of Financial Information Page 19 of 37 City of Maple RidgeCity of Maple RidgeCity of Maple RidgeCity 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 2014of Goods or Services for 2014of Goods or Services for 2014of Goods or Services for 2014 Inprotect Systems Inc 81,947.17 Insight Canada Inc 105,739.35 Interprovincial Traffic Services 140,277.39 ISL Engineering & Land Services Ltd 401,431.21 Jack Cewe Ltd 31,498.74 Jacks Automotive & Welding 201,375.68 Jent Construction Ltd 1,302,306.07 Kerr Wood Leidal Associates 105,304.65 KEV Construction Ltd 37,726.50 King Hoe Excavating Ltd 4,526,710.99 Kone Inc 43,423.17 Lafarge Canada Inc 43,966.89 Langfab Fabricators Ltd 29,517.60 Letts Environmental Consultants Ltd 69,736.30 Long View Systems Corporation 25,874.36 Lordco Parts Ltd 79,081.91 Machinex Recycling Service Inc 68,756.27 Mainland Sand & Gravel ULC 40,893.75 Making, Kenneth and Gracie 446,679.08 Manulife Financial 1,106,182.37 Maple Ridge & PM Arts Council 834,033.51 Maple Ridge Carpet One 48,215.86 Maple Ridge Chrysler Jeep Dodge 31,495.16 Maple Ridge Historical Society 142,582.00 Mar-Tech Underground Services Ltd 88,376.40 Medical Services Plan 328,447.19 Medisys Corporate Health LP 50,197.66 Mertin Imports Ltd 80,811.03 Mertin Nissan Ltd 27,575.52 Michelin North America Inc 32,108.83 Microsoft Corporation 117,445.22 Mills Printing & Stationery 79,630.03 Minister of Finance - Department of Transportation and Infrastructure 42,330.89 Morrison Hershfield Limited 108,871.88 Municipal Insurance Association of British Columbia 692,933.46 Municipal Pension Plan 3,302,393.00 Nederman Canada Limited 85,413.73 Noble Corporation 53,737.56 North of 49 Enterprises Ltd 108,266.70 Northwest Hydraulic Consultants Ltd 82,014.24 Nustadia Recreation Inc 428,645.31 Ocean Heidelberg Cement Group 41,995.17 Open Storage Solutions 132,975.36 Opus Consulting Group Ltd 68,163.60 Opus DaytonKnight Consultants Ltd 29,571.57 Oracle Corporation Canada Inc 52,506.59 P & L Speed Print Ltd 26,833.85 Pacific Ace Sports Surfaces & Equipment Ltd 54,333.65 Pacific Flow Control Ltd 71,898.75 Panorama LMS 4011 161,021.76 Paul Bunyan Tree Service Ltd 107,509.50 Performance Analytics Corp 33,308.80 Pilgrim Consulting & Services 26,962.79 Pitney Works 42,854.38 Pitt Meadows Heritage & Museum Society 81,066.00 Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (f) and Section 7 (1) (a-c) and (2) (b) City of Maple Ridge - Statement of Financial Information Page 20 of 37 City of Maple RidgeCity of Maple RidgeCity of Maple RidgeCity 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 2014of Goods or Services for 2014of Goods or Services for 2014of Goods or Services for 2014 Pitt River Quarries 42,384.66 Pro Sound & Stage Lighting Ltd 25,959.77 Progressive Waste Solutions Inc 52,114.14 PW Trenchless Construction Inc 104,033.86 Quantum Murray LP 56,387.48 Raybern Erectors Ltd 74,092.21 RCMP - Receiver General 14,515,752.77 RCR Technologies Inc 64,571.07 RecTec Industries Inc 50,522.17 Receiver General-Payroll Deduction 1,639,686.67 RG Arenas (Maple Ridge) Ltd 812,605.42 R.G.M. Landscaping & Maintenance Ltd 41,244.00 Richmond Subaru 104,553.12 Ricoh Canada Inc 205,005.20 Ridge Meadows Recycling Society 2,304,290.49 Ridge Meadows Seniors Society 281,727.00 RJ Construction 63,755.29 Road Warrior Cutting Ltd 41,238.32 Rogers 136,221.99 Safe Vac Environmental Services Ltd 32,997.34 Sandpiper Contracting Ltd 238,244.79 School District#42 34,028.00 Schwarz & Co Law Corporation 429,453.31 SFE Ltd 27,798.75 Shape Architecture Inc 282,313.83 Shaw Business 54,174.27 Smithrite Portable Services Ltd 41,323.76 Spyders Inc 141,494.86 SURD-BA Robinson CO Ltd 41,891.54 Surrey Fire Service 92,780.00 Suttle Recreation Inc 41,923.56 T & T Demolition Ltd 50,230.95 Telus 123,894.26 Tempest Development Group 58,339.73 Terra Link Horticulture Inc 28,399.73 Tetra Tech EBA Inc 95,093.77 The Hackett Group Canada, Inc 87,581.16 The Ritz Drycleaners Ltd 27,933.55 Total Energy Systems Ltd 126,165.20 Total Power Ltd 63,811.73 Tourism Maple Ridge & Pitt Meadows 36,750.00 Trans Western Electric Ltd 49,425.40 Treen Safety (Worksafe) Inc 34,051.54 Trevor Jarvis Contracting Ltd 41,009.85 Tundra Plumbing Ltd 318,004.08 Union of BC Municipalities 34,755.36 Urban Systems 120,522.94 Van Der Zalm & Associates Inc 67,666.10 Vancouver Axle & Frame Limited 30,341.67 Vercon Civil Contractors Ltd 99,417.16 Warrington PCI Management 781,991.67 Westcoast Fitness Fixations Inc 26,256.16 Westridge Security Ltd 101,842.93 Westvac Industries Ltd 235,959.73 Westview Sales Ltd 58,658.69 Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (f) and Section 7 (1) (a-c) and (2) (b) City of Maple Ridge - Statement of Financial Information Page 21 of 37 City of Maple RidgeCity of Maple RidgeCity of Maple RidgeCity 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 2014of Goods or Services for 2014of Goods or Services for 2014of Goods or Services for 2014 Whonnock Roofing Ltd 46,830.00 Williams, A. J.41,688.69 Willis Canada Inc 234,047.00 Workers Compensation Board 464,527.90 Young, Anderson - Barristers & Solicitors 621,036.57 Zone West Enterprises Ltd 31,208.14 75,753,232.91$ 2)2)2)2)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 5,018,132.58$ 3)3)3)3)Total payments to suppliers for grants and contributions exceeding $25,000Total payments to suppliers for grants and contributions exceeding $25,000Total payments to suppliers for grants and contributions exceeding $25,000Total payments to suppliers for grants and contributions exceeding $25,000 Consolidated total of grants exceeding $25,000 39,000.00 Consolidated total of contributions exceeding $25,000 - Consolidated total of all grants and contributions exceeding $25,000 39,000.00 4)4)4)4)ReconciliationReconciliationReconciliationReconciliation Total of aggregate payments exceeding $25,000 paid to suppliers 75,753,232.91$ Consolidated total of payments of $25,000 or less paid to suppliers 5,018,132.58$ Consolidated total of all grants and contributions exceeding $25,000 39,000.00 Reconciling items Explanation below Total per Financial Statements, Expenditures & Expenses, Good & Services including Capital 75,901,704.00$ Variance (4,908,661.49)$ 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) City of Maple Ridge - Statement of Financial Information Page 22 of 37 Consolidated Financial Statements ________________________________________________________ Consolidated Statement of Cash FlowConsolidated Statement of Cash FlowConsolidated Statement of Cash FlowConsolidated Statement of Cash Flow For the year ended December 31, 2015 ActualActualActualActual Actual 2015201520152015 2014 Operating transactionsOperating transactionsOperating transactionsOperating transactions Annual surplusAnnual surplusAnnual surplusAnnual surplus $51,498,866$51,498,866$51,498,866$51,498,866 $31,839,315 Items not utilizing cashItems not utilizing cashItems not utilizing cashItems not utilizing cash Amortization 19,935,99719,935,99719,935,99719,935,997 19,093,893 Loss on disposal of tangible capital assets 1,668,3051,668,3051,668,3051,668,305 1,353,954 Contributed tangible capital assets (36,744,306)(36,744,306)(36,744,306)(36,744,306)(23,232,212) Restricted revenues recognized (12,455,022)(12,455,022)(12,455,022)(12,455,022)(8,051,160) (27,595,026)(27,595,026)(27,595,026)(27,595,026)(10,835,525) Change in non0cash operating itemsChange in non0cash operating itemsChange in non0cash operating itemsChange in non0cash operating items Increase in prepaid expenses (380,475)(380,475)(380,475)(380,475)129,897 Decrease (increase) in supplies inventory (13,908)(13,908)(13,908)(13,908)27,613 Decrease (increase) in accounts receivable (12,680)(12,680)(12,680)(12,680)237,383 Decrease (increase) in recoverable local improvements 199,290199,290199,290199,290 110,349 Decrease (increase) in other assets (18,926)(18,926)(18,926)(18,926)(20,819) Increase (decrease) in accounts payable and accrued liabilities 703,805703,805703,805703,805 943,257 Increase (decrease) in deferred revenue 1,151,7361,151,7361,151,7361,151,736 109,014 Increase (decrease) in refundable performance deposits 1,843,3011,843,3011,843,3011,843,301 1,681,797 Increase (decrease) in employee future benefits (178,600)(178,600)(178,600)(178,600)195,900 3,293,5433,293,5433,293,5433,293,543 3,414,391 Cash provided by operating transactions 27,197,38327,197,38327,197,38327,197,383 24,418,181 Capital transactionsCapital transactionsCapital transactionsCapital transactions Proceeds on disposal of assets 1,279,1431,279,1431,279,1431,279,143 129,733 Acquisition of tangible capital assets (20,866,209)(20,866,209)(20,866,209)(20,866,209)(19,873,611) Cash applied to capital transactions (19,587,066)(19,587,066)(19,587,066)(19,587,066)(19,743,878) Investing transactionsInvesting transactionsInvesting transactionsInvesting transactions Increase in portfolio investments (18,743,908)(18,743,908)(18,743,908)(18,743,908)(2,035,283) (18,743,908)(18,743,908)(18,743,908)(18,743,908)(2,035,283) Financing transactionsFinancing transactionsFinancing transactionsFinancing transactions Debt repayment (2,764,386)(2,764,386)(2,764,386)(2,764,386)(2,673,389) Collection of restricted revenues 9,945,6369,945,6369,945,6369,945,636 7,096,620 Cash applied to financing transactions 7,181,2507,181,2507,181,2507,181,250 4,423,231 Increase (decrease) in cash and cash equivalentsIncrease (decrease) in cash and cash equivalentsIncrease (decrease) in cash and cash equivalentsIncrease (decrease) in cash and cash equivalents (3,952,341)(3,952,341)(3,952,341)(3,952,341)7,062,251 Cash and cash equivalents 0 beginning of year 14,098,63514,098,63514,098,63514,098,635 7,036,384 Cash and cash equivalents 0 end of yearCash and cash equivalents 0 end of yearCash and cash equivalents 0 end of yearCash and cash equivalents 0 end of year $10,146,294$10,146,294$10,146,294$10,146,294 $14,098,635 Supplementary information:Supplementary information:Supplementary information:Supplementary information: Non0cash transactions: Transfer from tangible capital assets to undeveloped land bank $1,194,867 $0 Transfer from tangible capital assets to inventory available for sale $4,226,923 $350,077 The accompanying summary of signficant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement City of Maple Ridge - Statement of Financial Information Page 23 of 37 Consolidated Financial Statements ________________________________________________________ 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, 2015 Actual Actual Actual Actual Budget Actual 2015 2015 2015 2015 2015 (Note 17) 2014 Annual SurplusAnnual SurplusAnnual SurplusAnnual Surplus $$$$51,498,86651,498,86651,498,86651,498,866 $50,095,908 $31,839,315 Add (Less):Add (Less):Add (Less):Add (Less): Change in Tangible Capital AssetsChange in Tangible Capital AssetsChange in Tangible Capital AssetsChange in Tangible Capital Assets Acquisition of tangible capital assets (57,610,515)(57,610,515)(57,610,515)(57,610,515)(101,313,329)(43,105,823) Amortization 19,935,99719,935,99719,935,99719,935,997 20,123,835 19,093,893 Proceeds from disposal of tangible capital assets 1,279,1431,279,1431,279,1431,279,143 4,250,000 129,733 (Gain) loss on disposal of tangible capital assets 1,318,2281,318,2281,318,2281,318,228 (4,250,000)1,353,954 (35,077,147)(35,077,147)(35,077,147)(35,077,147)(81,189,494)(22,528,243) Change in Other Non Financial AssetsChange in Other Non Financial AssetsChange in Other Non Financial AssetsChange in Other Non Financial Assets Decrease (increase) in supplies inventory (13,908)(13,908)(13,908)(13,908)4 27,613 Reclassification of tangible capital assets 4,226,9234,226,9234,226,9234,226,923 4 350,077 Decrease (increase) in prepaid expenses (380,475)(380,475)(380,475)(380,475)4 129,897 3,832,5403,832,5403,832,5403,832,540 4 507,587 Increase (decrease) in Net Financial AssetsIncrease (decrease) in Net Financial AssetsIncrease (decrease) in Net Financial AssetsIncrease (decrease) in Net Financial Assets 20,254,25920,254,25920,254,25920,254,259 $(31,093,586)9,818,659 Net Financial Assets beginning of the yearNet Financial Assets beginning of the yearNet Financial Assets beginning of the yearNet Financial Assets beginning of the year 51,798,86551,798,86551,798,86551,798,865 51,798,865 41,980,206 Net Financial Assets end of the yearNet Financial Assets end of the yearNet Financial Assets end of the yearNet Financial Assets end of the year $$$$72,053,12472,053,12472,053,12472,053,124 $20,705,279 $51,798,865 The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement City of Maple Ridge - Statement of Financial Information Page 24 of 37 Consolidated Financial Statements Notes to the Consolidated Financial StatementsNotes to the Consolidated Financial StatementsNotes to the Consolidated Financial StatementsNotes to the Consolidated Financial Statements For the year ended December 31, 2015For the year ended December 31, 2015For the year ended December 31, 2015For the year ended December 31, 2015 1.1.1.1.Cash and cash equivalentsCash and cash equivalentsCash and cash equivalentsCash and cash equivalents Cash and cash equivalents as at December 31, 2015 were comprised as follows: Dec 31, 2015Dec 31, 2015Dec 31, 2015Dec 31, 2015 Dec 31, 2014 Cash $$$$5,146,2945,146,2945,146,2945,146,294 $9,067,402 Cash equivalents 5,000,0005,000,0005,000,0005,000,000 5,031,233 $$$$10,146,29410,146,29410,146,29410,146,294 $14,098,635 Cash equivalents are comprised of a BC Credit Union term deposit with an effective interest rate of 1.6%1.6%1.6%1.6% (1.85% for 2014). Additionally, the City holds cash and cash equivalents of $2,825,191$2,825,191$2,825,191$2,825,191 ($2,276,008 for 2014) and agreements receivable of $131,626$131,626$131,626$131,626 ($177,716 for 2014) for trusts which are not reported elsewhere in the financial statements. They are held for the following trusts: Balance Dec 31, 2014 Interest Earned Receipts Disbursements Balance Dec 31, 2015 Latecomer Fees $5,210 $6 $304,433 $109,640 $$$$200,003200,003200,003200,003 Cemetery Perpetual Care 979,234 26,331 54,479 26,331 1,033,7131,033,7131,033,7131,033,713 Greater Vancouver Sewer & Drainage District 696,027 6 936,141 823,214 808,954808,954808,954808,954 Albion Dyking District 773,253 414 199,803 33,178 940,292940,292940,292940,292 $2,453,724 $26,745 $1,494,856 $992,363 $$$$2,982,9622,982,9622,982,9622,982,962 2.2.2.2.Portfolio InvestmentsPortfolio InvestmentsPortfolio InvestmentsPortfolio Investments Portfolio investments include Canadian bank notes and BC Credit Union term deposits with effective interest rates of 1.40 6 3.50%. A portion of the bank notes held have interest payments linked to the performance of a set of equities or a financial index without stated or certain interest rates. For these investments, income is recognized as it is received; in 2015 returns were positive and ranged to 3.12%. Included in interest earnings are losses on the sale of investments before maturity. In 2015 losses totalled $Nil ($28,466 in losses for 2014). The City does not hold any asset backed commercial paper or hedge funds. The carrying value of securities is based on the cost method whereby the cost of the security is adjusted to reflect investment income that is accruing and any permanent decline in market value. During the term of individual investments there will be fluctuations in market values. Such fluctuations are considered normal, and if held to maturity, market value will be equal to face value. The carrying value of Portfolio Investments at December 31, 2015 was $159,495,941$159,495,941$159,495,941$159,495,941 ($140,752,034 for 2014). The market value at December 31, 2015 was $158,991,241$158,991,241$158,991,241$158,991,241 ($140,292,423 for 2014). 3.3.3.3.Accounts ReceivableAccounts ReceivableAccounts ReceivableAccounts Receivable 2015201520152015 2014 Property Taxes $$$$5,896,0455,896,0455,896,0455,896,045 $6,415,133 Other Governments 4,347,0164,347,0164,347,0164,347,016 4,621,758 General and Accrued Interest 3,729,4383,729,4383,729,4383,729,438 3,230,473 Development Cost Charges 5,006,3655,006,3655,006,3655,006,365 4,746,540 18,978,86418,978,86418,978,86418,978,864 19,013,904 Less: Allowance for Doubtful Accounts (55,797)(55,797)(55,797)(55,797)(103,517) $$$$18,923,06718,923,06718,923,06718,923,067 $18,910,387 City of Maple Ridge - Statement of Financial Information Page 25 of 37 Consolidated Financial Statements 4. 4. 4. 4. Recoverable Local ImprovementsRecoverable Local ImprovementsRecoverable Local ImprovementsRecoverable Local Improvements The City provides interim financing for certain geographically localized capital projects. It recovers these amounts from benefiting property owners. 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. 5.5.5.5.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 City. The City 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 $758,106$758,106$758,106$758,106 ($739,180 for 2014). 6.6.6.6.Accounts Payable and Accrued LiabilitiesAccounts Payable and Accrued LiabilitiesAccounts Payable and Accrued LiabilitiesAccounts Payable and Accrued Liabilities 2015201520152015 2014 Accounts Payable:Accounts Payable:Accounts Payable:Accounts Payable: General $$$$7,171,0267,171,0267,171,0267,171,026 $6,348,413 Other Governments 8,064,9618,064,9618,064,9618,064,961 8,877,109 Salaries and Wages 1,334,6231,334,6231,334,6231,334,623 1,162,411 16,570,61016,570,61016,570,61016,570,610 16,387,933 Accrued Liabilities:Accrued Liabilities:Accrued Liabilities:Accrued Liabilities: Vacation Pay 477,583477,583477,583477,583 403,094 Other Vested Benefits 870,688870,688870,688870,688 424,049 1,348,2711,348,2711,348,2711,348,271 827,143 $$$$17,918,88117,918,88117,918,88117,918,881 $17,215,076 7.7.7.7.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 2015 this estimate is $412,657$412,657$412,657$412,657 ($408,999 for 2014). These amounts are included in accounts payable and accrued liabilities. There are various other claims by and against the City, 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 The City has entered into a cost share agreement with the Greater Vancouver Water District for the construction of infrastructure. Under this agreement the City expects to incur costs of approximately $800,000$800,000$800,000$800,000 over the next year. The expense is recorded as the related costs are incurred. (ii)Recreation and Cultural Services In 1998 the City entered into an agreement to purchase ice sheet time for five years commencing in 1999, with three five6year renewal options. In 2013, the agreement was renewed for an additional five6 year period. The minimum annual payment due for the provision of ice time is $686,225. These payments are recorded as expenses when the ice time is provided. City of Maple Ridge - Statement of Financial Information Page 26 of 37 Consolidated Financial Statements (c)(c)(c)(c)Unrecognized LiabilityUnrecognized LiabilityUnrecognized LiabilityUnrecognized Liability The City holds shares in a non6profit organization that provides protective services to its members. Should the organization dissolve or management choose to withdraw from the organization the City 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 City 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 City chose to withdraw. Consequently no liability has been recognized in these financial statements. 8.8.8.8.Deferred RevenuesDeferred RevenuesDeferred RevenuesDeferred Revenues Deferred revenues held by the City were comprised as follows: PrepaidPrepaidPrepaidPrepaid TaxesTaxesTaxesTaxes ConnectionConnectionConnectionConnection RevenuesRevenuesRevenuesRevenues 2015201520152015 2014 2015201520152015 2014 Beginning balance $$$$5,825,4035,825,4035,825,4035,825,403 $5,598,690 $$$$467,503467,503467,503467,503 $803,275 Deferred during the year 12,231,71512,231,71512,231,71512,231,715 10,473,697 757,465757,465757,465757,465 167,104 Revenue recognized (11,938,746)(11,938,746)(11,938,746)(11,938,746)(10,246,984)(595,148)(595,148)(595,148)(595,148)(502,876) Ending balance $$$$6,118,3726,118,3726,118,3726,118,372 $5,825,403 $$$$629,820629,820629,820629,820 $467,503 OtherOtherOtherOther TotalTotalTotalTotal Deferred RevenuesDeferred RevenuesDeferred RevenuesDeferred Revenues 2015201520152015 2014 2015201520152015 2014 Beginning balance $$$$3,223,1363,223,1363,223,1363,223,136 $3,005,063 $$$$9,516,0429,516,0429,516,0429,516,042 $9,407,028 Deferred during the year 2,383,9502,383,9502,383,9502,383,950 2,805,749 15,373,13015,373,13015,373,13015,373,130 13,446,550 Revenue recognized (1,687,501)(1,687,501)(1,687,501)(1,687,501)(2,587,676)(14,221,395)(14,221,395)(14,221,395)(14,221,395)(13,337,536) Ending balance $$$$3,919,5853,919,5853,919,5853,919,585 $3,223,136 $$$$10,667,77710,667,77710,667,77710,667,777 $9,516,042 9.9.9.9.Restricted RevenuesRestricted RevenuesRestricted RevenuesRestricted Revenues Restricted revenues held by the City were comprised as follows: DevelopmentDevelopmentDevelopmentDevelopment Cost ChargesCost ChargesCost ChargesCost Charges ParklandParklandParklandParkland Acquisition ChargesAcquisition ChargesAcquisition ChargesAcquisition Charges 2015201520152015 2014 2015201520152015 2014 Beginning Balance $$$$37,155,17337,155,17337,155,17337,155,173 $38,773,658 $$$$1,028,0901,028,0901,028,0901,028,090 $764,168 Collections and interest 9,117,0489,117,0489,117,0489,117,048 6,348,860 175,310175,310175,310175,310 263,922 Disbursements 6 operating (2,989,265)(2,989,265)(2,989,265)(2,989,265)(2,685,125)6666 6 Disbursements 6 capital (9,311,090)(9,311,090)(9,311,090)(9,311,090)(5,282,220)6666 6 Ending Balance $$$$33,971,86633,971,86633,971,86633,971,866 $37,155,173 $$$$1,203,4001,203,4001,203,4001,203,400 $1,028,090 OtherOtherOtherOther Restricted RevenuesRestricted RevenuesRestricted RevenuesRestricted Revenues TotalTotalTotalTotal Restricted RevenuesRestricted RevenuesRestricted RevenuesRestricted Revenues 2015201520152015 2014 2015201520152015 2014 Beginning Balance $$$$6,012,1716,012,1716,012,1716,012,171 $5,612,149 $$$$44,195,43444,195,43444,195,43444,195,434 $45,149,975 Collections and interest 653,277653,277653,277653,277 483,838 9,945,6359,945,6359,945,6359,945,635 7,096,620 Disbursements 6 operating (40,297)(40,297)(40,297)(40,297)(68,050)(3,029,562)(3,029,562)(3,029,562)(3,029,562)(2,753,175) Disbursements 6 capital (114,370)(114,370)(114,370)(114,370)(15,766)(9,425,460)(9,425,460)(9,425,460)(9,425,460)(5,297,986) Ending Balance $$$$6,510,7816,510,7816,510,7816,510,781 $6,012,171 $$$$41,686,04741,686,04741,686,04741,686,047 $44,195,434 City of Maple Ridge - Statement of Financial Information Page 27 of 37 Consolidated Financial Statements 10.10.10.10.Employee Future BenefitsEmployee Future BenefitsEmployee Future BenefitsEmployee Future Benefits The City provides employee future benefits in the form of severance benefits and vested and non6vested sick leave to qualifying employees. These benefits are not separately funded. Severance benefits are cash settlements paid to employees who cease their employment with the City after a specified period of time. Employees hired before February 11, 1999 qualify for five days pay per year of employment, provided they either work a minimum of 20 years with the City or retire as defined by the Public Sector Pension Plan Act. Full time employees hired after February 11, 1999 qualify for 20 days pay provided they work a minimum of 10 years with the City and retire as defined by the Public Sector Pension Plan Act. The City permits regular employees to accumulate up to 18 days per year of service for future illnesses up to a maximum of 250 days. For certain qualifying employees a portion of this benefit vests; for the balance, this benefit does not vest and cannot be converted to any other type of benefit. An actuarial valuation of these benefits was performed to determine the City's liability and accrued benefit obligation as at December 31, 2015. The valuation resulted in an unamortized actuarial loss of $463,400$463,400$463,400$463,400 ($355,500 gain for 2014) at December 31, 2015. Actuarial gains or losses are amortized over the expected average remaining service life of employees. The benefit liability at December 31, 2015 was $4,908,000$4,908,000$4,908,000$4,908,000 , ($5,086,000 for 2014) comprised as follows: 2015201520152015 2014 Benefit Liability 6 Beginning of the year $$$$5,086,6005,086,6005,086,6005,086,600 $4,890,700 Add:Current service costs 337,900337,900337,900337,900 304,800 Interest on accrued benefit obligation 140,800140,800140,800140,800 174,400 Plan amendment costs 471,700471,700471,700471,700 Less:Amortization of actuarial (gain) (335,500)(335,500)(335,500)(335,500)(26,400) Benefits paid during the year (793,500)(793,500)(793,500)(793,500)(256,900) Benefit Liability 6 End of the year 4,908,0004,908,0004,908,0004,908,000 5,086,600 Add (Less):Unamortized actuarial loss (gain)463,400463,400463,400463,400 (335,500) Accrued benefit obligation 6 End of the year 5,371,4005,371,4005,371,4005,371,400 4,751,100 Actuarial assumptions used to determine the City's accrued benefit obligation are as follows: 2015 2015 2015 2015 2014 Discount rate (long6term borrowing rate)2.80 %2.80 %2.80 %2.80 %3.00 % Expected future inflation rate 2.00 %2.00 %2.00 %2.00 %2.50 % Merit and inflationary wage and salary increases averaging 3.04 %3.04 %3.04 %3.04 %3.55 % Estimated average remaining service life of employees (years)13.013.013.013.0 10.2 City of Maple Ridge - Statement of Financial Information Page 28 of 37 Consolidated Financial Statements 11.11.11.11.Debt (Schedule 4)Debt (Schedule 4)Debt (Schedule 4)Debt (Schedule 4) The City 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 City carries no debt for others. The following debenture debt amounts plus related interest are payable over the next five years: Debt Payments 2016 $2,542,491 2017 2,582,492 2018 2,129,744 2019 2,172,036 2020 2,215,521 Thereafter 16,819,563 Debt principal repayments $28,461,847 The City has the following authorized but un6issued long term debt as at December 31, 2015 : L/A Bylaw L/A Amount #6558 $6,000,000 #6560 275,000 #6679 1,100,000 $7,375,000 12. Tangible Capital Assets12. Tangible Capital Assets12. Tangible Capital Assets12. Tangible Capital Assets Net book valueNet book valueNet book valueNet book value 2015201520152015 2014 Land $$$$201,911,385201,911,385201,911,385201,911,385 $196,658,684 Buildings 45,860,87845,860,87845,860,87845,860,878 47,979,785 Transportation network 213,240,439213,240,439213,240,439213,240,439 207,517,609 Storm sewer system 185,891,410185,891,410185,891,410185,891,410 171,327,266 Fleet and equipment 14,043,63114,043,63114,043,63114,043,631 14,015,399 Technology 4,801,9394,801,9394,801,9394,801,939 4,743,350 Water system 107,827,624107,827,624107,827,624107,827,624 105,205,443 Sanitary sewer system 122,486,320122,486,320122,486,320122,486,320 119,326,063 Other 14,827,54114,827,54114,827,54114,827,541 14,462,211 $$$$910,891,167910,891,167910,891,167910,891,167 $881,235,810 For additional information, see the Schedule of Tangible Capital Assets (Schedule 5) During the year there were no write6downs of assets (2014 6 $Nil) and no interest was capitalized (2014 6 $Nil). In addition, roads and related infrastructure, underground networks and land contributed to the City totaled $36,744,306$36,744,306$36,744,306$36,744,306 ($23,232,212 for 2014) and were capitalized at their fair value at the time of receipt. Works of art, artifacts, cultural and historic assets are not recorded as assets in the financial statements. The City controls various works of art and historical treasures including artifacts, paintings, sculptures and mosaics located at City sites and public display areas. City of Maple Ridge - Statement of Financial Information Page 29 of 37 Consolidated Financial Statements 13. Undeveloped Land Bank13. Undeveloped Land Bank13. Undeveloped Land Bank13. Undeveloped Land Bank The City owns property in various areas identified for future growth in the Official Community Plan. These properties are not currently used in the provision of service to the citizens of Maple Ridge. The properties represent a strategic, non6renewable resource available for the advancement of Council's strategic plan. During the year properties with a book value of $1,194,867 were reclassified as undeveloped land bank properties. 14. Accumulated Surplus14. Accumulated Surplus14. Accumulated Surplus14. Accumulated Surplus Accumulated Surplus is comprised of operating surpluses and equity in tangible capital assets held in the general, sewer and water funds as well as reserves. Accumulated surplus for 2015 is $999,824,048 $999,824,048 $999,824,048 $999,824,048 ($948,325,182 for 2014) and is distributed as follows: 2015201520152015 2014 Operating surplus (Schedule 1)General $$$$9,859,1659,859,1659,859,1659,859,165 $7,522,666 Sewer 6,413,8976,413,8976,413,8976,413,897 4,662,448 Water 8,354,6398,354,6398,354,6398,354,639 6,737,009 24,627,70124,627,70124,627,70124,627,701 18,922,123 Equity in the capital funds (Schedule 2)General 665,279,594665,279,594665,279,594665,279,594 633,725,191 Sewer 124,012,680124,012,680124,012,680124,012,680 120,721,289 Water 108,872,543108,872,543108,872,543108,872,543 106,212,973 898,164,817898,164,817898,164,817898,164,817 860,659,453 Reserves (Schedule 3)Funds 36,211,52636,211,52636,211,52636,211,526 33,377,837 Accounts 40,820,00440,820,00440,820,00440,820,004 35,365,769 77,031,53077,031,53077,031,53077,031,530 68,743,606 Accumulated Surplus $$$$999,824,048999,824,048999,824,048999,824,048 $948,325,182 15. 15. 15. 15. Property Tax LeviesProperty Tax LeviesProperty Tax LeviesProperty Tax Levies In addition to its own tax levies, the City is required to levy taxes on behalf of various other taxing authorities. These include the provincial government for local school taxes, incorporated dyking districts located within the City and, organizations providing regional services in which the City has become a member. Taxes levied for other agencies are not included in City revenues. Total tax levies were comprised as follows: 2015201520152015 2015 Budget 2014 Municipal Tax LeviesMunicipal Tax LeviesMunicipal Tax LeviesMunicipal Tax Levies $$$$74,042,94574,042,94574,042,94574,042,945 $73,923,852 $71,350,132 Levies for other authoritiesLevies for other authoritiesLevies for other authoritiesLevies for other authorities School taxes 32,226,53232,226,53232,226,53232,226,532 32,236,920 31,557,469 Greater Vancouver Transit Authority 5,562,4845,562,4845,562,4845,562,484 5,562,485 5,549,289 British Columbia Assessment 935,092935,092935,092935,092 935,092 926,951 Greater Vancouver Regional District 885,216885,216885,216885,216 885,216 845,473 Dyking Districts 873,426873,426873,426873,426 873,423 760,165 Municipal Finance Authority 3,0413,0413,0413,041 3,041 2,901 Total Collections for OthersTotal Collections for OthersTotal Collections for OthersTotal Collections for Others 40,485,79140,485,79140,485,79140,485,791 40,496,177 39,642,248 Total Tax LeviesTotal Tax LeviesTotal Tax LeviesTotal Tax Levies $$$$114,528,736114,528,736114,528,736114,528,736 $114,420,029 $110,992,380 City of Maple Ridge - Statement of Financial Information Page 30 of 37 Consolidated Financial Statements 16.16.16.16.Government TransfersGovernment TransfersGovernment TransfersGovernment Transfers Government transfers received during the year were comprised of the following: 2015201520152015 2014 CapitalCapitalCapitalCapital OperatingOperatingOperatingOperating Capital Operating Federal Gov't $$$$6666 $$$$354,582354,582354,582354,582 $484,424 $279,382 Provincial Gov't 29,26329,26329,26329,263 1,442,1851,442,1851,442,1851,442,185 82,694 763,750 TransLink 779,171779,171779,171779,171 854,532854,532854,532854,532 329,831 386,761 Other 109,500109,500109,500109,500 68,31968,31968,31968,319 46,000 138,643 Total $$$$917,934917,934917,934917,934 $$$$2,719,6182,719,6182,719,6182,719,618 $942,949 $1,568,536 17. Budget17. Budget17. Budget17. Budget Budget amounts represent the Financial Plan Bylaw adopted by Council on May 12, 2015. The Financial Plan anticipated use of surpluses accumulated in previous years to balance against current year expenditures in excess of current year revenues. The following shows how these amounts were combined: Financial Plan Financial Plan Financial Plan Financial Plan Bylaw Bylaw Bylaw Bylaw Financial Statement Financial Statement Financial Statement Financial Statement Budget Budget Budget Budget RevenueRevenueRevenueRevenue Taxation $73,923,852 $73,923,852 User fees and other revenue 39,048,881 39,048,881 Other 50,971,570 50,971,570 Contributed subdivision infrastructure 16,500,000 16,500,000 Total RevenueTotal RevenueTotal RevenueTotal Revenue 180,444,303 180,444,303 ExpensesExpensesExpensesExpenses Protective services 37,146,888 37,146,888 Transportation services 19,582,665 19,582,665 Recreation and cultural 22,572,713 22,572,713 Water utility 17,856,192 17,856,192 Sewer utility 10,130,292 10,130,292 General Government 17,329,253 17,329,253 Planning, public health and other 5,730,392 5,730,392 Total expensesTotal expensesTotal expensesTotal expenses 130,348,395 130,348,395 Annual SurplusAnnual SurplusAnnual SurplusAnnual Surplus $$$$50,095,90850,095,90850,095,90850,095,908 $$$$50,095,90850,095,90850,095,90850,095,908 Less: Capital expenditures 101,313,329 Debt repayment 3,952,529 Add: Interfund transfers 27,998,467 Amortization 20,123,835 Borrowing proceeds 7,047,648 $6 City of Maple Ridge - Statement of Financial Information Page 31 of 37 Consolidated Financial Statements 18. Expenditures and Expenses by Object18. Expenditures and Expenses by Object18. Expenditures and Expenses by Object18. Expenditures and Expenses by Object Operations Capital Acquisitions 2015 Total 2015 Budget 2014 Total Goods and services $55,862,092 $20,039,612 $75,901,704 $150,431,550 $71,849,529 Wages and salaries 41,619,187 826,597 42,445,784 42,169,415 41,088,886 Interest 1,975,261 6 1,975,261 2,407,287 2,139,323 Total Expenditures 99,456,540 20,866,209 120,322,749 195,008,252 115,077,738 Amortization expenses 19,935,997 6 19,935,997 20,123,835 19,093,893 Contributed tangible capital assets 6 36,744,306 36,744,306 16,500,000 23,232,212 Total Expenditures and Expenses $119,392,537 $57,610,515 $177,003,052 $231,632,087 $157,403,843 19.19.19.19.Pension PlanPension PlanPension PlanPension Plan The employer and its employees contribute to the Municipal Pension Plan (a jointly trusteed pension plan). The board of trustees, representing plan members and employers, is responsible for administering the plan, including investment of assets and administration of benefits. The plan is a multi6employer defined benefit pension plan. Basic pension benefits are based on a formula. The plan has about 185,000 active members and approximately 80,000 retired members. Active members include approximately 37,000 contributors from local governments. Every three years, an actuarial valuation is performed to assess the financial position of the plan and adequacy of plan funding. The actuary determines an appropriate combined employer and member contribution rate to fund the plan. The actuary's calculated contribution rate is based on the entry6age normal cost method, which produces the long6term rate of member and employer contributions sufficient to provide benefits for average future entrants to the plan. The rate is then adjusted to the extent there is amortization of any funding deficit. The most recent valuation for the Municipal Pension Plan as of December 31, 2012, indicated a $1,370 million funding deficit for basic pension benefits on a going concern basis. The City paid $3,302,393$3,302,393$3,302,393$3,302,393 (2014 6 $3,004,843) for employer contributions while employees contributed $2,680,523$2,680,523$2,680,523$2,680,523 (2014 $2,211,523) to the plan in fiscal 2015. The next valuation will be as at December 31, 2015, with results available in late 2016. Employers participating in the plan record their pension expense at the amount of employer contributions made during the fiscal year (defined contribution plan accounting). This is because the plan records accrued liabilities and accrued assets for the plan in aggregate, resulting in no consistent and reliable basis for allocating the obligation, assets and cost to individual employers participating in the plan. City of Maple Ridge - Statement of Financial Information Page 32 of 37 Consolidated Financial Statements 20. Segmented Information20. Segmented Information20. Segmented Information20. Segmented Information The City 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 City 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 City 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 City. 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 City's official community plan, management of the recycling contract and improving the social well6being of the community. UnallocatedUnallocatedUnallocatedUnallocated Unallocated includes revenues and expenses that cannot be directly attributed to the activities of an identified functional segment. City of Maple Ridge - Statement of Financial Information Page 33 of 37 Consolidated Financial Statements Schedule 2Schedule 2Schedule 2Schedule 2 Schedule of Change in Capital Funds Schedule of Change in Capital Funds Schedule of Change in Capital Funds Schedule of Change in Capital Funds For the year ended December 31, 2015For the year ended December 31, 2015For the year ended December 31, 2015For the year ended December 31, 2015 ActualActualActualActual Budget Actual 2015 2015 2015 2015 2015 2014 RevenueRevenueRevenueRevenue Subdivision infrastructure contributions $$$$36,744,30636,744,30636,744,30636,744,306 $16,500,000 $23,232,212 Government transfers 917,934917,934917,934917,934 2,650,363 942,949 Development fees 9,311,0909,311,0909,311,0909,311,090 32,597,095 5,282,220 Other capital contributions 216,381216,381216,381216,381 2,478,274 209,349 Disposal of tangible capital assets (2,947,448)(2,947,448)(2,947,448)(2,947,448)-(1,483,686) Total Revenue 44,242,26344,242,26344,242,26344,242,263 54,225,732 28,183,044 ExpensesExpensesExpensesExpenses Amortization 19,935,99719,935,99719,935,99719,935,997 20,123,835 19,093,893 Total Expenses 19,935,99719,935,99719,935,99719,935,997 20,123,835 19,093,893 Annual SurplusAnnual SurplusAnnual SurplusAnnual Surplus 24,306,26624,306,26624,306,26624,306,266 34,101,897 9,089,151 Internal Transfers Internal Transfers Internal Transfers Internal Transfers Transfers and principal payments from revenue funds 5,584,8215,584,8215,584,8215,584,821 9,445,633 5,525,630 Transfers from reserves 7,614,2777,614,2777,614,2777,614,277 34,546,849 10,559,077 Increase in capital fundsIncrease in capital fundsIncrease in capital fundsIncrease in capital funds 37,505,36437,505,36437,505,36437,505,364 78,094,379 25,173,858 Capital funds 2 beginning of the yearCapital funds 2 beginning of the yearCapital funds 2 beginning of the yearCapital funds 2 beginning of the year 860,659,453860,659,453860,659,453860,659,453 860,659,453 835,485,595 Capital funds 2 end of the year Capital funds 2 end of the year Capital funds 2 end of the year Capital funds 2 end of the year (Note 14)$$$$898,164,817898,164,817898,164,817898,164,817 $938,753,832 $860,659,453 City of Maple Ridge - Statement of Financial Information Page 34 of 37 There was one severance agreement under which payment commenced between the City of Maple Ridge and non-unionized employees during the fiscal year 2015 The agreement represents 12 months of compensation*The agreement represents 12 months of compensation*The agreement represents 12 months of compensation*The agreement represents 12 months of compensation* *"Compensation" was determined based on salary City of Maple RidgeCity of Maple RidgeCity of Maple RidgeCity of Maple Ridge Statement of Severance Agreements for 2015Statement of Severance Agreements for 2015Statement of Severance Agreements for 2015Statement of Severance Agreements for 2015 Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Prepared under the Financial Information Regulation, Schedule 1, Section 6 (7) (a, b) City of Maple Ridge - Statement of Financial Information Page 35 of 37 Management’s Responsibility for Financial Reporting The information in these financial statements 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 statements. Their report accompanies this statement. Council carries out its responsibility for the consolidated financial statements jointly with its Audit and Finance 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 and Finance Committee, and Council. Council approves the consolidated financial statements, the Audit and Finance 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 E.C. Swabey General Manager: Corporate & Financial Services Chief Administrative Officer City of Maple Ridge - Statement of Financial Information Page 36 of 37 The undersigned, as authorized by the Financial Information Regulation, Schedule 1, subsection 9 (3), approves all the statements and schedules included in this Statement of Financial Information produced under the Financial Information Act. Paul Gill BBA, CPA, CGA GM Corporate & Financial Services Date Statement of Financial Information ApprovalStatement of Financial Information ApprovalStatement of Financial Information ApprovalStatement of Financial Information Approval City of Maple RidgeCity of Maple RidgeCity of Maple RidgeCity of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Prepared pursuant to the Financial Information Regulation, Schedule 1, Section 9 (2) 9-June-2016 City of Maple Ridge - Statement of Financial Information Page 37 of 37