Loading...
HomeMy WebLinkAboutStatement of Financial Information 2016 City of Maple Ridge Statement of Financial Information 2016 June 13, 2017 Notice to Reader The Financial Information Act requires municipalities and other Government organizations to prepare annual financial information and make it available to the public within six months of their fiscal year end. The information required by the Act for a municipality encompasses audited financial statements and schedules disclosing guarantee and indemnity agreements, employee remuneration and amounts paid to suppliers for the provision of goods and services. A detail extract of the regulations accompanies this introduction and explains in some detail the nature of this information. Paul Gill, CPA, CGA GM, Corporate & Financial Services City of Maple Ridge - Statement of Financial Information Page 3 of 50 Compliance with the Financial Information Regulation The Financial Information Act (the Act) identifies organizations that must prepare financial information and make it available to the public within six months of their fiscal year end. The City of Maple Ridge (the City) is one of the organizations identified and therefore the attached Statement of Financial Information has been prepared in order to comply with this legislation. The Financial Information Regulation specifies the required content for these statements and schedules. As such the City’s Statement of Financial Information includes the following:  The 2016 Consolidated Financial Statements, including a Schedule of Debt (Schedule 4). The statements are prepared in accordance with generally accepted accounting principles and include the accounting policies followed in preparing the financial statements.  The 2016 Schedule of Guarantee and Indemnity Agreements includes a list of financial guarantees and indemnity agreements in force at December 31, 2016. The list includes the names of the entities and the amount of money involved.  The 2016 Schedule of Remuneration and Expenses for elected officials and employees. For elected officials the Schedule includes an alphabetical list of each member of Council, the total amount of remuneration paid, the value of benefits received and the total amount of expenses paid to or on behalf of that Council member during 2016. For employees, the schedule includes an alphabetical list of each employee earning in excess of $75,000, the total amount of remuneration paid and the total amount of expenses paid to or on behalf of that employee during 2016. The total amount of expenses recorded includes only expenses reimbursed with City funds. Expenses reimbursed by other organizations are excluded. In addition, the schedule includes a total paid to all other employees during 2016 where the amounts paid are less than the $75,000 threshold.  The 2016 Statement of Severance Agreements includes the number of severance agreements made during 2016 by the City in respect of non-union employees and the number of equivalent months’ gross salaries represented by these agreements.  The 2016 Schedule of Payments for the Provision of Goods or Services includes an alphabetical list of the individuals or corporations where the total amount paid during 2016 exceeds $25,000. In addition, the schedule includes a total of all amounts paid to all other suppliers during 2016 where the amounts paid are less than the $25,000 threshold. City of Maple Ridge - Statement of Financial Information Page 4 of 50 City of Maple Ridge 2016 Statement of Financial Information Table of Contents Page Audited Financial Statements (including a schedule of debts) 10 Schedule of Guarantee & Indemnity Agreements 40 Schedule of Remuneration & Expenses 41 Statement of Severance Agreements 45 Schedule of Payments for the Provision of Goods & Services 46 City of Maple Ridge - Statement of Financial Information Page 5 of 50 City of Maple Ridge - Statement of Financial Information Page 6 of 50 City of Maple Ridge Consolidated Financial Statements For the year ended December 31, 2016 City of Maple Ridge - Statement of Financial Information Page 7 of 50 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 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 8 of 50 INDEPENDENT AUDITOR’S REPORT To the Mayor and Council of the City of Maple Ridge We have audited the accompanying consolidated financial statements of the City of Maple Ridge, which comprise the Consolidated Statement of Financial Position as at December 31, 2016, and the Consolidated Statements of Operations, Change in Net Financial Assets and Cash Flow for the year then ended, and a summary of significant accounting policies and other explanatory information. Management's Responsibility for the Consolidated Financial Statements Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with Canadian public sector accounting standards, and for such internal control as management determines is necessary to enable the preparation of consolidated financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s Responsibility Our responsibility is to express an opinion on these consolidated financial statements based on our audit. We conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the consolidated financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the consolidated financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the consolidated financial statements present fairly in all material respects, the financial position of the City of Maple Ridge as at December 31, 2016 and its results of operations, changes in net financial assets and cash flows for the year then ended, in accordance with Canadian public sector accounting standards. Chartered Professional Accountants Vancouver, British Columbia April 25, 2017 City of Maple Ridge - Statement of Financial Information Page 9 of 50 Consolidated Financial Statements Consolidated Statement of Financial PositionConsolidated Statement of Financial PositionConsolidated Statement of Financial PositionConsolidated Statement of Financial Position as at December 31, 2016 2016 2016 2016 2016 2015 Financial AssetsFinancial AssetsFinancial AssetsFinancial Assets Cash and cash equivalents (Note 1)$$$$19,542,09419,542,09419,542,09419,542,094 $10,146,294 Portfolio investments (Note 2)158,579,174158,579,174158,579,174158,579,174 159,495,941 Accounts receivable (Note 3)16,981,66116,981,66116,981,66116,981,661 18,923,067 Recoverable local improvements (Note 4)1,211,9361,211,9361,211,9361,211,936 1,573,096 Other assets (Note 5)779,296779,296779,296779,296 758,106 Inventory available for resale 4,304,6884,304,6884,304,6884,304,688 4,251,189 201,398,849201,398,849201,398,849201,398,849 195,147,693 LiabilitiesLiabilitiesLiabilitiesLiabilities Accounts payable and accrued liabilities (Note 6)18,649,40318,649,40318,649,40318,649,403 17,918,881 Deferred revenue (Note 8)11,238,97211,238,97211,238,97211,238,972 10,667,777 Restricted revenue (Note 9)33,401,91433,401,91433,401,91433,401,914 41,686,047 Refundable performance deposits and other 15,853,20415,853,20415,853,20415,853,204 13,850,225 Employee future benefits (Note 10)4,704,7004,704,7004,704,7004,704,700 4,908,000 Debt (Note 11, Schedule 4)31,204,53231,204,53231,204,53231,204,532 34,063,639 115,052,725115,052,725115,052,725115,052,725 123,094,569 Net Financial AssetsNet Financial AssetsNet Financial AssetsNet Financial Assets 86,346,12486,346,12486,346,12486,346,124 72,053,124 Non Financial AssetsNon Financial AssetsNon Financial AssetsNon Financial Assets Tangible capital assets (Note 12, Schedule 5)960,396,101960,396,101960,396,101960,396,101 910,891,167 Undeveloped land bank properties (Note 13)15,526,52915,526,52915,526,52915,526,529 15,580,027 Supplies inventory 355,162355,162355,162355,162 350,805 Prepaid expenses 1,277,8351,277,8351,277,8351,277,835 948,925 977,555,627977,555,627977,555,627977,555,627 927,770,924 Accumulated Surplus Accumulated Surplus Accumulated Surplus Accumulated Surplus (Note 14)$$$$1,063,901,7511,063,901,7511,063,901,7511,063,901,751 $999,824,048 Paul Gill, CPA, CGA Nicole Read General Manager, Corporate & Financial Services Mayor, City of Maple Ridge The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement. City of Maple Ridge - Statement of Financial Information Page 10 of 50 Consolidated Financial Statements Consolidated Statement of OperationsConsolidated Statement of OperationsConsolidated Statement of OperationsConsolidated Statement of Operations For the year ended December 31, 2016 Actual Actual Actual Actual Budget Actual 2016 2016 2016 2016 2016 (Note 17) 2015 Revenue Revenue Revenue Revenue (Segment Report, Note 20) Taxes for municipal purposes (Note 15)$$$$77,452,20377,452,20377,452,20377,452,203 $77,377,354 $74,042,945 User fees and other revenue 43,211,34643,211,34643,211,34643,211,346 41,197,154 41,699,739 Government transfers (Note 16)2,775,7352,775,7352,775,7352,775,735 5,991,875 3,637,552 Development revenue 17,893,28117,893,28117,893,28117,893,281 39,560,375 12,855,808 Interest and investment income Investment Income 350,914 Interest Income 2,539,619 Less: Restricted amount (412,145) Interest and investment income 2,478,3882,478,3882,478,3882,478,388 1,882,980 2,417,402 Gaming revenues 1,338,6781,338,6781,338,6781,338,678 1,050,000 1,161,956 Gain (loss) on disposal of assets (3,833,337)(3,833,337)(3,833,337)(3,833,337)1,500,000 (1,668,305) Contributed tangible capital assets (Note 12)39,062,79139,062,79139,062,79139,062,791 16,499,996 36,744,306 180,379,085180,379,085180,379,085180,379,085 185,059,734 170,891,403 Expenses Expenses Expenses Expenses (Segment Report, Note 20) Protective services 35,844,56635,844,56635,844,56635,844,566 38,805,939 34,452,583 Transportation services 15,835,72215,835,72215,835,72215,835,722 20,121,816 17,651,339 Recreation and cultural 21,584,47821,584,47821,584,47821,584,478 23,316,336 21,562,840 Water utility 12,628,88212,628,88212,628,88212,628,882 14,263,929 15,615,936 Sewer utility 10,068,30710,068,30710,068,30710,068,307 10,387,576 9,837,523 General government 14,821,09914,821,09914,821,09914,821,099 18,198,317 14,357,496 Planning, public health and other 5,518,3285,518,3285,518,3285,518,328 6,117,476 5,914,820 116,301,382116,301,382116,301,382116,301,382 131,211,389 119,392,537 Annual SurplusAnnual SurplusAnnual SurplusAnnual Surplus 64,077,70364,077,70364,077,70364,077,703 53,848,345 51,498,866 Accumulated Surplus beginning of yearAccumulated Surplus beginning of yearAccumulated Surplus beginning of yearAccumulated Surplus beginning of year 999,824,048999,824,048999,824,048999,824,048 999,824,048 948,325,182 Accumulated Surplus end of year Accumulated Surplus end of year Accumulated Surplus end of year Accumulated Surplus end of year (Note 14)$$$$1,063,901,7511,063,901,7511,063,901,7511,063,901,751 $1,053,672,393 $999,824,048 The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement. City of Maple Ridge - Statement of Financial Information Page 11 of 50 Consolidated Financial Statements ________________________________________________________ Consolidated Statement of Change in Net Financial AssetsConsolidated Statement of Change in Net Financial AssetsConsolidated Statement of Change in Net Financial AssetsConsolidated Statement of Change in Net Financial Assets For the year ended December 31, 2016 Actual Actual Actual Actual Budget Actual 2016 2016 2016 2016 2016 (Note 17) 2015 Annual SurplusAnnual SurplusAnnual SurplusAnnual Surplus $$$$64,077,70364,077,70364,077,70364,077,703 $53,848,345 $51,498,866 Add (Less):Add (Less):Add (Less):Add (Less): Change in Tangible Capital AssetsChange in Tangible Capital AssetsChange in Tangible Capital AssetsChange in Tangible Capital Assets Acquisition of tangible capital assets (71,729,097)(71,729,097)(71,729,097)(71,729,097)(108,747,589)(57,610,515) Amortization 18,209,18018,209,18018,209,18018,209,180 19,780,000 19,935,997 Proceeds from disposal of tangible capital assets 181,645181,645181,645181,645 1,500,000 1,279,143 (Gain) loss on disposal of tangible capital assets 3,833,3373,833,3373,833,3373,833,337 (1,500,000)1,318,228 (49,504,935)(49,504,935)(49,504,935)(49,504,935)(88,967,589)(35,077,147) Change in Other Non Financial AssetsChange in Other Non Financial AssetsChange in Other Non Financial AssetsChange in Other Non Financial Assets Decrease (increase) in supplies inventory (4,357)(4,357)(4,357)(4,357)4 (13,908) Reclassification of undeveloped land bank 53,49953,49953,49953,499 4 4 Reclassification of tangible capital assets 4444 4 4,226,923 Decrease (increase) in prepaid expenses (328,910)(328,910)(328,910)(328,910)4 (380,475) (279,768)(279,768)(279,768)(279,768)4 3,832,540 Increase (decrease) in Net Financial AssetsIncrease (decrease) in Net Financial AssetsIncrease (decrease) in Net Financial AssetsIncrease (decrease) in Net Financial Assets 14,293,00014,293,00014,293,00014,293,000 $(35,119,244)20,254,259 Net Financial Assets beginning of the yearNet Financial Assets beginning of the yearNet Financial Assets beginning of the yearNet Financial Assets beginning of the year 72,053,12472,053,12472,053,12472,053,124 72,053,124 51,798,865 Net Financial Assets end of the yearNet Financial Assets end of the yearNet Financial Assets end of the yearNet Financial Assets end of the year $$$$86,346,12486,346,12486,346,12486,346,124 $36,933,880 $72,053,124 The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement City of Maple Ridge - Statement of Financial Information Page 12 of 50 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, 2016 ActualActualActualActual Actual 2016201620162016 2015 Operating transactionsOperating transactionsOperating transactionsOperating transactions Annual surplusAnnual surplusAnnual surplusAnnual surplus $64,077,703$64,077,703$64,077,703$64,077,703 $51,498,866 Items not utilizing cashItems not utilizing cashItems not utilizing cashItems not utilizing cash Amortization 18,209,18018,209,18018,209,18018,209,180 19,935,997 Loss on disposal of tangible capital assets 3,833,3373,833,3373,833,3373,833,337 1,668,305 Contributed tangible capital assets (39,062,791)(39,062,791)(39,062,791)(39,062,791)(36,744,306) Restricted revenues recognized (17,026,027)(17,026,027)(17,026,027)(17,026,027)(12,455,022) (34,046,301)(34,046,301)(34,046,301)(34,046,301)(27,595,026) Change in non0cash operating itemsChange in non0cash operating itemsChange in non0cash operating itemsChange in non0cash operating items Increase in prepaid expenses (328,909)(328,909)(328,909)(328,909)(380,475) Decrease (increase) in supplies inventory (4,357)(4,357)(4,357)(4,357)(13,908) Decrease (increase) in accounts receivable 1,941,4061,941,4061,941,4061,941,406 (12,680) Decrease (increase) in recoverable local improvements 361,160361,160361,160361,160 199,290 Decrease (increase) in other assets (21,190)(21,190)(21,190)(21,190)(18,926) Increase (decrease) in accounts payable and accrued liabilities 730,522730,522730,522730,522 703,805 Increase (decrease) in deferred revenue 571,194571,194571,194571,194 1,151,736 Increase (decrease) in refundable performance deposits 2,002,9792,002,9792,002,9792,002,979 1,843,301 Increase (decrease) in employee future benefits (203,299)(203,299)(203,299)(203,299)(178,600) 5,049,5065,049,5065,049,5065,049,506 3,293,543 Cash provided by operating transactions 35,080,90835,080,90835,080,90835,080,908 27,197,383 Capital transactionsCapital transactionsCapital transactionsCapital transactions Proceeds on disposal of assets 181,645181,645181,645181,645 1,279,143 Acquisition of tangible capital assets (32,666,306)(32,666,306)(32,666,306)(32,666,306)(20,866,209) Cash applied to capital transactions (32,484,661)(32,484,661)(32,484,661)(32,484,661)(19,587,066) Investing transactionsInvesting transactionsInvesting transactionsInvesting transactions Decrease (increase) in portfolio investments 916,766916,766916,766916,766 (18,743,908) 916,766916,766916,766916,766 (18,743,908) Financing transactionsFinancing transactionsFinancing transactionsFinancing transactions Debt repayment (2,859,107)(2,859,107)(2,859,107)(2,859,107)(2,764,386) Collection of restricted revenues 8,741,8948,741,8948,741,8948,741,894 9,945,636 Cash applied to financing transactions 5,882,7875,882,7875,882,7875,882,787 7,181,250 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 9,395,8009,395,8009,395,8009,395,800 (3,952,341) Cash and cash equivalents 0 beginning of year 10,146,29410,146,29410,146,29410,146,294 14,098,635 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 $19,542,094$19,542,094$19,542,094$19,542,094 $10,146,294 Supplementary information:Supplementary information:Supplementary information:Supplementary information: Non0cash transactions: Transfer from tangible capital assets to undeveloped land bank $0 $1,194,867 Transfer from tangible capital assets to inventory available for sale $0 $4,226,923 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 13 of 50 Consolidated Financial Statements ___________________________________________________ Summary of Significant Accounting Policies Summary of Significant Accounting Policies Summary of Significant Accounting Policies Summary of Significant Accounting Policies For the year ended December 31, 2016For the year ended December 31, 2016For the year ended December 31, 2016For the year ended December 31, 2016 The City of Maple Ridge (the "City") is a municipality in the province of British Columbia and operates under the provisions of the Community Charter. The City provides municipal services such as fire, public works, planning, parks, recreation and other general government services. (a)(a)(a)(a) Reporting Entity and Basis of ConsolidationReporting Entity and Basis of ConsolidationReporting Entity and Basis of ConsolidationReporting Entity and Basis of Consolidation These financial statements have been prepared in accordance with Canadian Public Sector accounting standards using guidelines developed by the Public Sector Accounting Board ("PSAB") of the Chartered Professional Accountants of Canada. They consolidate the activities of all of the funds of the City and the City's wholly owned subsidiaries C.D.M.R. Developments Ltd. and Maple Ridge Municipal Holdings Ltd. Transactions between the City's funds and wholly owned subsidiaries have been eliminated and only transactions with outside entities are reported. (b)(b)(b)(b) Basis of AccountingBasis of AccountingBasis of AccountingBasis of Accounting The basis of accounting followed in these financial statements is the accrual method and includes revenues in the period in which the transactions or events occurred that gave rise to the revenues and expenses in the period the goods and services were acquired and a liability was incurred. (c)(c)(c)(c)Non4financial AssetsNon4financial AssetsNon4financial AssetsNon4financial Assets Non4financial assets are not available to discharge existing liabilities and are held for use in the provision of services. They have useful lives extending beyond the current year and are not intended for sale in the ordinary course of business. (d)(d)(d)(d) Tangible Capital AssetsTangible Capital AssetsTangible Capital AssetsTangible Capital Assets Tangible capital assets are a special class of non4financial assets and are recorded at cost less accumulated amortization. Cost includes all costs directly attributable to acquisition or construction of the tangible capital asset including transportation and installation costs, design and engineering fees, legal fees and site preparation costs. Amortization is recorded on a straight line basis over the estimated life of the tangible capital asset commencing once the asset is put into use. Assets under construction are not amortized. Contributed tangible capital assets are recorded at fair value at the time of the contribution and are also recorded as revenue. Estimated useful lives of tangible capital assets are as follows: Buildings (including building components)7 to 50 years Transportation network 10 to 75 years Storm sewer system 10 to 75 years Fleet and equipment 8 to 20 years Technology 3 to 25 years Water system 10 to 85 years Sanitary sewer system 30 to 75 years Furniture and fixtures 3 to 20 years Structures 15 to 75 years City of Maple Ridge - Statement of Financial Information Page 14 of 50 Consolidated Financial Statements ___________________________________________________ Tangible capital assets do not include works of art or historical treasures. Costs related to the acquisition of such items are expensed in the year in which they are acquired. (e)(e)(e)(e) Liability for Contaminated SitesLiability for Contaminated SitesLiability for Contaminated SitesLiability for Contaminated Sites Liabilities for contamination are recognized when an environmental standard exists, contamination exceeds the standard, the City has responsibility for remediation, future economic benefits will be given up and a reasonable estimate can be made. Management has assessed its potential liabilities for contamination, including sites that are no longer in productive use and sites for which the City accepts responsibility. There were no such sites that had contamination in excess of an environmental standard requiring remediation at this time, therefore no liability was recognized at December 31, 2016 or December 31, 2015. (f)(f)(f)(f) Revenue RecognitionRevenue RecognitionRevenue RecognitionRevenue Recognition TaxationTaxationTaxationTaxation Taxes are recorded at estimated amounts when they meet the definition of an asset, have been authorized and the taxable event occurs. Annual levies for non4optional municipal services and general administrative services are recorded as taxes for municipal services in the year they are levied. Taxes receivable are recognized net of an allowance for anticipated uncollectable amounts. Levies imposed by other taxing authorities are not included as taxes for municipal purposes. Through the British Columbia Assessments' appeal process, taxes may be adjusted by way of supplementary roll adjustments. The effects of these adjustments on taxes are recognized at the time they are awarded. User fees and other revenueUser fees and other revenueUser fees and other revenueUser fees and other revenue Charges for sewer and water usage are recorded as user fees and other revenue. Government transfersGovernment transfersGovernment transfersGovernment transfers Government transfers are recognized as revenue in the financial statements when the transfer is authorized and any eligibility criteria are met, except to the extent that transfer stipulations give rise to an obligation that meets the definition of a liability. Government transfers are recorded as deferred revenue when transfer stipulations give rise to a liability and are recognized in the statement of operations as the stipulated liabilities are settled. Development revenuesDevelopment revenuesDevelopment revenuesDevelopment revenues Receipts that are restricted by the legislation of senior governments or by agreement with external parties are a liability of the municipality and are reported as Restricted Revenues at the time they are received. When qualifying expenditures are incurred Restricted Revenues are brought into revenue as development revenue. Restricted Revenues are comprised of the amounts shown in Note 9. Investment incomeInvestment incomeInvestment incomeInvestment income Investment income is recorded on the accrual basis and recognized when earned. Investment income is allocated to various reserves and operating funds on a proportionate basis. To the extent that financial instruments have no stated rate of return, investment income is City of Maple Ridge - Statement of Financial Information Page 15 of 50 Consolidated Financial Statements ___________________________________________________ recognized as it is received. Contributed tangible capital assetsContributed tangible capital assetsContributed tangible capital assetsContributed tangible capital assets Subdivision developers are required to provide subdivision infrastructure such as streets, lighting, sidewalks, and drainage etc. Upon completion these assets are turned over to the City. Tangible capital assets received as contributions are recorded at their fair value at the date of receipt and are also recorded as revenue. (g)(g)(g)(g) Use of estimates/measurement uncertaintyUse of estimates/measurement uncertaintyUse of estimates/measurement uncertaintyUse of estimates/measurement uncertainty The preparation of financial statements in accordance with Canadian Public Sector Accounting Standards requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant areas requiring use of management estimates relate to the useful lives of tangible capital assets, determination of employee future benefits, the outcome of litigation and claims, and the percentage of completion of buildings and subdivision inspections. Actual results could differ from those estimates. (h)(h)(h)(h) Budget figuresBudget figuresBudget figuresBudget figures The budget figures reported in the Consolidated Financial Statements represent the 2016 component of the Financial Plan Bylaw adopted by Council on May 10, 2016. (i)(i)(i)(i)Financial instrumentsFinancial instrumentsFinancial instrumentsFinancial instruments The City's financial instruments consist of cash and cash equivalents, portfolio investments, accounts receivable, recoverable local improvements, other assets, accounts payable and accrued liabilities, refundable performance deposits and debt. Unless otherwise indicated, it is management's opinion that the City is not exposed to any significant interest, credit or currency risks arising from these financial instruments. (j)(j)(j)(j) Cash and cash equivalentsCash and cash equivalentsCash and cash equivalentsCash and cash equivalents Cash and cash equivalents are comprised of the amounts held in the City's bank accounts and investments with an original maturity date of three months or less. (k)(k)(k)(k) Portfolio InvestmentsPortfolio InvestmentsPortfolio InvestmentsPortfolio Investments Investments with an original maturity date of more than three month are reported as portfolio investments. Investments and pooled investments are reported using the cost method. Provisions for declines in the market value of investments are recorded when they are considered to be other than temporary. Declines in the market values of investments are considered to be other than temporary when the carrying value exceeds market value for more than three years. (l)(l)(l)(l) Cost share agreementCost share agreementCost share agreementCost share agreement The City participated in a cost share agreement with the City of Pitt Meadows to provide all of the recreation and cultural services and maintain all of the parks in both municipalities until October 31, 2016. The City recognized expenses at their gross value and recorded the City of Pitt Meadows' contribution as revenue. City of Maple Ridge - Statement of Financial Information Page 16 of 50 Consolidated Financial Statements ___________________________________________________ (m)(m)(m)(m) Basis of segmentation (Segment Report, Note 20)Basis of segmentation (Segment Report, Note 20)Basis of segmentation (Segment Report, Note 20)Basis of segmentation (Segment Report, Note 20) Municipal services have been segmented by grouping services that have similar service objectives (by function). Revenues that are directly related to the costs of the function have been attributed to each segment. Interest expense is allocated to functions based on the purpose of specific borrowings. (n)(n)(n)(n) Employee future benefitsEmployee future benefitsEmployee future benefitsEmployee future benefits The City and its employees make contributions to the Municipal Pension Plan, and the employees accrue benefits under this plan based on service. The City's contributions are expensed as incurred. (Note 19) Sick leave benefits and retirement severance benefits are also available to the City's employees. The costs of these benefits are actuarially determined based on service and best estimates of retirement ages and expected future salary and wage increases. The liabilities under these benefit plans are accrued based on projected benefits prorated as the employees render services necessary to earn the future benefits. (Note 10) City of Maple Ridge - Statement of Financial Information Page 17 of 50 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, 2016For the year ended December 31, 2016For the year ended December 31, 2016For the year ended December 31, 2016 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, 2016 were comprised as follows: Dec 31, 2016Dec 31, 2016Dec 31, 2016Dec 31, 2016 Dec 31, 2015 Cash $$$$11,443,94611,443,94611,443,94611,443,946 $5,146,294 Cash equivalents 8,098,1488,098,1488,098,1488,098,148 5,000,000 $$$$19,542,09419,542,09419,542,09419,542,094 $10,146,294 Cash equivalents are comprised of BC Credit Union term deposits with effective interest rates of 1.5% , 1.6%1.5% , 1.6%1.5% , 1.6%1.5% , 1.6% (1.6% for 2015). Additionally, the City holds cash and cash equivalents of $2,633,511$2,633,511$2,633,511$2,633,511 ($2,825,191 for 2015) and agreements receivable of $160,559$160,559$160,559$160,559 ($131,626 for 2015) for trusts which are not reported elsewhere in the financial statements. They are held for the following trusts: Balance Dec 31, 2015 Interest Earned Receipts Disbursements Balance Dec 31, 2016 Latecomer Fees $200,003 $,$93,801 $253,260 $$$$40,54440,54440,54440,544 Cemetery Perpetual Care 1,033,713 54,116 56,798 54,116 1,090,5111,090,5111,090,5111,090,511 Greater Vancouver Sewer & Drainage District 808,954 ,811,061 1,084,868 535,147535,147535,147535,147 Albion Dyking District 940,292 515 215,125 1,278 1,154,6541,154,6541,154,6541,154,654 $2,982,962 $54,631 $1,176,785 $1,393,522 $$$$2,820,8562,820,8562,820,8562,820,856 2.2.2.2. Portfolio InvestmentsPortfolio InvestmentsPortfolio InvestmentsPortfolio Investments Portfolio investments include Canadian bank notes and BC Credit Union term deposits with effective interest rates of 1.6% , 2.92%. A portion of the bank notes held have interest payments linked to the performance of a set of equities or a financial index without stated or certain interest rates. For these investments, income is recognized as it is received; in 2016 returns were positive and ranged to 1.48%. The City does not hold any asset backed commercial paper or hedge funds. The carrying value of securities is based on the cost method whereby the cost of the security is adjusted to reflect investment income that is accruing and any permanent decline in market value. During the term of individual investments there will be fluctuations in market values. Such fluctuations are considered normal, and if held to maturity, market value will be equal to face value. The carrying value of Portfolio Investments at December 31, 2016 was $158,579,174$158,579,174$158,579,174$158,579,174 ($159,495,941 for 2015). The market value at December 31, 2016 was $158,703,643$158,703,643$158,703,643$158,703,643 ($158,991,241 for 2015). 3.3.3.3. Accounts ReceivableAccounts ReceivableAccounts ReceivableAccounts Receivable 2016201620162016 2015 Property Taxes $$$$5,025,0225,025,0225,025,0225,025,022 $5,896,045 Other Governments 4,197,9924,197,9924,197,9924,197,992 4,347,016 General and Accrued Interest 3,920,8493,920,8493,920,8493,920,849 3,729,438 Development Cost Charges 3,877,5163,877,5163,877,5163,877,516 5,006,365 17,021,37917,021,37917,021,37917,021,379 18,978,864 Less: Allowance for Doubtful Accounts (39,718)(39,718)(39,718)(39,718)(55,797) $$$$16,981,66116,981,66116,981,66116,981,661 $18,923,067 City of Maple Ridge - Statement of Financial Information Page 18 of 50 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 $779,296$779,296$779,296$779,296 ($758,106 for 2015). 6.6.6.6. Accounts Payable and Accrued LiabilitiesAccounts Payable and Accrued LiabilitiesAccounts Payable and Accrued LiabilitiesAccounts Payable and Accrued Liabilities 2016201620162016 2015 Accounts Payable:Accounts Payable:Accounts Payable:Accounts Payable: General $$$$8,334,4038,334,4038,334,4038,334,403 $7,171,026 Other Governments 7,341,1187,341,1187,341,1187,341,118 8,064,961 Salaries and Wages 1,659,8151,659,8151,659,8151,659,815 1,334,623 17,335,33617,335,33617,335,33617,335,336 16,570,610 Accrued Liabilities:Accrued Liabilities:Accrued Liabilities:Accrued Liabilities: Vacation Pay 368,785368,785368,785368,785 477,583 Other Vested Benefits 945,282945,282945,282945,282 870,688 1,314,0671,314,0671,314,0671,314,067 1,348,271 $$$$ 18,649,40318,649,40318,649,40318,649,403 $ 17,918,881 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 2016 this estimate is $522,834$522,834$522,834$522,834 ($412,657 for 2015). 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 $785,000$785,000$785,000$785,000 by the time of project completion. 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 five,year renewal options. In 2013, the agreement was renewed for an additional five, 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 19 of 50 Consolidated Financial Statements (c)(c)(c)(c)Unrecognized LiabilityUnrecognized LiabilityUnrecognized LiabilityUnrecognized Liability The City 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 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 2016201620162016 2015 2016201620162016 2015 Beginning balance $$$$6,118,3726,118,3726,118,3726,118,372 $5,825,403 $$$$629,820629,820629,820629,820 $467,503 Deferred during the year 12,673,84212,673,84212,673,84212,673,842 12,231,715 1,042,4861,042,4861,042,4861,042,486 757,465 Revenue recognized (12,355,008)(12,355,008)(12,355,008)(12,355,008)(11,938,746)(947,431)(947,431)(947,431)(947,431)(595,148) Ending balance $$$$6,437,2066,437,2066,437,2066,437,206 $6,118,372 $$$$724,875724,875724,875724,875 $629,820 OtherOtherOtherOther TotalTotalTotalTotal Deferred RevenuesDeferred RevenuesDeferred RevenuesDeferred Revenues 2016201620162016 2015 2016201620162016 2015 Beginning balance $$$$3,919,5853,919,5853,919,5853,919,585 $3,223,136 $$$$10,667,77710,667,77710,667,77710,667,777 $9,516,042 Deferred during the year 2,262,6342,262,6342,262,6342,262,634 2,383,950 15,978,96215,978,96215,978,96215,978,962 15,373,130 Revenue recognized (2,105,328)(2,105,328)(2,105,328)(2,105,328)(1,687,501)(15,407,767)(15,407,767)(15,407,767)(15,407,767)(14,221,395) Ending balance $$$$4,076,8914,076,8914,076,8914,076,891 $3,919,585 $$$$11,238,97211,238,97211,238,97211,238,972 $10,667,777 9.9.9.9. Restricted RevenuesRestricted RevenuesRestricted RevenuesRestricted Revenues Restricted revenues held by the City were comprised as follows: DevelopmentDevelopmentDevelopmentDevelopment Cost ChargesCost ChargesCost ChargesCost Charges ParklandParklandParklandParkland Acquisition ChargesAcquisition ChargesAcquisition ChargesAcquisition Charges 2016201620162016 2015 2016201620162016 2015 Beginning Balance $$$$33,971,86633,971,86633,971,86633,971,866 $37,155,173 $$$$1,203,4001,203,4001,203,4001,203,400 $1,028,090 Collections and interest 7,923,2527,923,2527,923,2527,923,252 9,117,048 209,463209,463209,463209,463 175,310 Disbursements , operating (406,180)(406,180)(406,180)(406,180)(2,989,265),,,,, Disbursements , capital (15,469,910)(15,469,910)(15,469,910)(15,469,910)(9,311,090)(1,000,834)(1,000,834)(1,000,834)(1,000,834), Ending Balance $$$$ 26,019,02826,019,02826,019,02826,019,028 $ 33,971,866 $$$$ 412,029412,029412,029412,029 $ 1,203,400 OtherOtherOtherOther Restricted RevenuesRestricted RevenuesRestricted RevenuesRestricted Revenues TotalTotalTotalTotal Restricted RevenuesRestricted RevenuesRestricted RevenuesRestricted Revenues 2016201620162016 2015 2016201620162016 2015 Beginning Balance $$$$6,510,7816,510,7816,510,7816,510,781 $6,012,171 $$$$41,686,04741,686,04741,686,04741,686,047 $44,195,434 Collections and interest 609,179609,179609,179609,179 653,277 8,741,8948,741,8948,741,8948,741,894 9,945,635 Disbursements , operating (42,268)(42,268)(42,268)(42,268)(40,297)(448,448)(448,448)(448,448)(448,448)(3,029,562) Disbursements , capital (106,835)(106,835)(106,835)(106,835)(114,370)(16,577,579)(16,577,579)(16,577,579)(16,577,579)(9,425,460) Ending Balance $$$$ 6,970,8576,970,8576,970,8576,970,857 $ 6,510,781 $$$$ 33,401,91433,401,91433,401,91433,401,914 $ 41,686,047 City of Maple Ridge - Statement of Financial Information Page 20 of 50 Consolidated Financial Statements 10.10.10.10. Employee Future BenefitsEmployee Future BenefitsEmployee Future BenefitsEmployee Future Benefits The City provides employee future benefits in the form of severance benefits and vested and non,vested sick leave to qualifying employees. These benefits are not separately funded. Severance benefits are cash settlements paid to employees who cease their employment with the City after a specified period of time. Employees hired before February 11, 1999 qualify for five days pay per year of employment, provided they either work a minimum of 20 years with the City or retire as defined by the Public Sector Pension Plan Act. Full time employees hired after February 11, 1999 qualify for 20 days pay provided they work a minimum of 10 years with the City and retire as defined by the Public Sector Pension Plan Act. The City permits regular employees to accumulate up to 18 days per year of service for future illnesses up to a maximum of 250 days. For certain qualifying employees a portion of this benefit vests; for the balance, this benefit does not vest and cannot be converted to any other type of benefit. An actuarial valuation of these benefits was performed to determine the City's liability and accrued benefit obligation as at December 31, 2015 and updated for December 31, 2016. The valuation resulted in an unamortized actuarial loss of $398,200$398,200$398,200$398,200 ($463,400 for 2015) at December 31, 2016. Actuarial gains or losses are amortized over the expected average remaining service life of employees. The benefit liability at December 31, 2016 was $4,704,700$4,704,700$4,704,700$4,704,700 , ($4,908,000 for 2015) comprised as follows: 2016201620162016 2015 Benefit Liability , Beginning of the year $$$$4,908,0004,908,0004,908,0004,908,000 $5,086,600 Add:Current service costs 374,500374,500374,500374,500 337,900 Interest on accrued benefit obligation 150,200150,200150,200150,200 140,800 Plan amendment costs ,,,,471,700 Less:Amortization of actuarial loss (gain) 35,60035,60035,60035,600 (335,500) Benefits paid during the year (763,600)(763,600)(763,600)(763,600)(793,500) Benefit Liability , End of the year 4,704,7004,704,7004,704,7004,704,700 4,908,000 Add (Less):Unamortized actuarial loss 398,200398,200398,200398,200 463,400 Accrued benefit obligation , End of the year 5,102,9005,102,9005,102,9005,102,900 5,371,400 Actuarial assumptions used to determine the City's accrued benefit obligation are as follows: 2016 2016 2016 2016 2015 Discount rate (long,term borrowing rate)2.90 %2.90 %2.90 %2.90 %2.80 % Expected future inflation rate 2.00 %2.00 %2.00 %2.00 %2.00 % Merit and inflationary wage and salary increases averaging 3.04 %3.04 %3.04 %3.04 %3.04 % Estimated average remaining service life of employees (years)13.013.013.013.0 13.0 City of Maple Ridge - Statement of Financial Information Page 21 of 50 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 and sinking fund contributions are payable over the next five years: Debt Payments 2017 $2,582,492 2018 2,129,744 2019 2,172,036 2020 2,215,521 2021 2,260,235 Thereafter 14,559,328 Debt principal repayments $25,919,356 The City has the following authorized but un,issued long term debt as at December 31, 2016 : 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 2016 2016 2016 2016 2015 Land $$$$215,898,649215,898,649215,898,649215,898,649 $201,911,387 Buildings 45,632,62745,632,62745,632,62745,632,627 45,860,878 Transportation network 223,230,279223,230,279223,230,279223,230,279 213,240,440 Storm sewer system 201,919,428201,919,428201,919,428201,919,428 185,891,409 Fleet and equipment 13,625,49113,625,49113,625,49113,625,491 14,043,631 Technology 4,751,4904,751,4904,751,4904,751,490 4,801,939 Water system 113,622,225113,622,225113,622,225113,622,225 107,827,624 Sanitary sewer system 126,551,687126,551,687126,551,687126,551,687 122,486,319 Other 15,164,22715,164,22715,164,22715,164,227 14,827,541 $$$$960,396,101960,396,101960,396,101960,396,101 $910,891,167 For additional information, see the Schedule of Tangible Capital Assets (Schedule 5) During the year there were no write,downs of assets (2015 , $Nil) and no interest was capitalized (2015 , $Nil). In addition, roads and related infrastructure, underground networks and land contributed to the City totaled $39,062,791$39,062,791$39,062,791$39,062,791 ($36,744,306 for 2015) and were capitalized at their fair value at the time of receipt. Works of art, artifacts, cultural and historic assets are not recorded as assets in the financial statements. The City controls various works of art and historical treasures including artifacts, paintings, sculptures and mosaics located at City sites and public display areas. City of Maple Ridge - Statement of Financial Information Page 22 of 50 Consolidated Financial Statements 13. Undeveloped Land Bank13. Undeveloped Land Bank13. Undeveloped Land Bank13. Undeveloped Land Bank The City owns property in various areas identified for future growth in the Official Community Plan. These properties are not currently used in the provision of service to the citizens of Maple Ridge. The properties represent a strategic, non,renewable resource available for the advancement of Council's strategic plan. 14. Accumulated Surplus14. Accumulated Surplus14. Accumulated Surplus14. Accumulated Surplus Accumulated Surplus is comprised of operating surpluses and equity in tangible capital assets held in the general, sewer and water funds as well as reserves. Accumulated surplus for 2016 is $1,063,091,751 $1,063,091,751 $1,063,091,751 $1,063,091,751 ($999,824,048 for 2015) and is distributed as follows: 2016201620162016 2015 Operating surplus (Schedule 1)General $$$$9,285,6889,285,6889,285,6889,285,688 $9,859,165 Sewer 8,144,5388,144,5388,144,5388,144,538 6,413,897 Water 11,296,03911,296,03911,296,03911,296,039 8,354,639 28,726,26528,726,26528,726,26528,726,265 24,627,701 Equity in the capital funds (Schedule 2)General 709,048,629709,048,629709,048,629709,048,629 665,279,594 Sewer 127,032,307127,032,307127,032,307127,032,307 124,012,680 Water 114,453,816114,453,816114,453,816114,453,816 108,872,543 950,534,752950,534,752950,534,752950,534,752 898,164,817 Reserves (Schedule 3)Funds 38,755,84438,755,84438,755,84438,755,844 36,211,526 Accounts 45,884,89045,884,89045,884,89045,884,890 40,820,004 84,640,73484,640,73484,640,73484,640,734 77,031,530 Accumulated Surplus $$$$1,063,901,7511,063,901,7511,063,901,7511,063,901,751 $999,824,048 15. 15. 15. 15. Property Tax LeviesProperty Tax LeviesProperty Tax LeviesProperty Tax Levies In addition to its own tax levies, the City is required to levy taxes on behalf of various other taxing authorities. These include the provincial government for local school taxes, incorporated dyking districts located within the City and, organizations providing regional services in which the City has become a member. Taxes levied for other agencies are not included in City revenues. Total tax levies were comprised as follows: 2016201620162016 2016 Budget 2015 Municipal Tax LeviesMunicipal Tax LeviesMunicipal Tax LeviesMunicipal Tax Levies $$$$77,452,20377,452,20377,452,20377,452,203 $77,377,354 $74,042,945 Levies for other authoritiesLevies for other authoritiesLevies for other authoritiesLevies for other authorities School taxes 32,805,06132,805,06132,805,06132,805,061 32,855,944 32,226,532 Greater Vancouver Transit Authority 5,397,8785,397,8785,397,8785,397,878 5,398,623 5,562,484 British Columbia Assessment 925,179925,179925,179925,179 925,272 935,092 Greater Vancouver Regional District 892,390892,390892,390892,390 892,747 885,216 Dyking Districts 558,943558,943558,943558,943 523,716 873,426 Municipal Finance Authority 3,2723,2723,2723,272 3,270 3,041 Total Collections for OthersTotal Collections for OthersTotal Collections for OthersTotal Collections for Others 40,582,72340,582,72340,582,72340,582,723 40,599,572 40,485,791 Total Tax LeviesTotal Tax LeviesTotal Tax LeviesTotal Tax Levies $$$$ 118,034,926118,034,926118,034,926118,034,926 $ 117,976,926 $ 114,528,736 City of Maple Ridge - Statement of Financial Information Page 23 of 50 Consolidated Financial Statements 16.16.16.16.Government TransfersGovernment TransfersGovernment TransfersGovernment Transfers Government transfers received during the year were comprised of the following: 2016201620162016 2015 CapitalCapitalCapitalCapital OperatingOperatingOperatingOperating Capital Operating Federal Gov't $$$$5,1415,1415,1415,141 $$$$289,215289,215289,215289,215 $,$354,582 Provincial Gov't 233,219233,219233,219233,219 1,167,3961,167,3961,167,3961,167,396 29,263 1,442,185 TransLink 371,777371,777371,777371,777 497,800497,800497,800497,800 779,171 854,532 Other 160,802160,802160,802160,802 50,38550,38550,38550,385 109,500 68,319 Total $$$$770,939770,939770,939770,939 $$$$2,004,7962,004,7962,004,7962,004,796 $917,934 $2,719,618 17. Budget17. Budget17. Budget17. Budget Budget amounts represent the Financial Plan Bylaw adopted by Council on May 10, 2016. The Financial Plan anticipated use of surpluses accumulated in previous years to balance against current year expenditures in excess of current year revenues. The following shows how these amounts were combined: Financial Plan Financial Plan Financial Plan Financial Plan Bylaw Bylaw Bylaw Bylaw Financial Statement Financial Statement Financial Statement Financial Statement Budget Budget Budget Budget RevenueRevenueRevenueRevenue Taxation $77,377,354 $77,377,354 User fees and other revenue 41,197,154 41,197,154 Other 49,985,230 49,985,230 Contributed subdivision infrastructure 16,499,996 16,499,996 Total RevenueTotal RevenueTotal RevenueTotal Revenue 185,059,734 185,059,734 ExpensesExpensesExpensesExpenses Protective services 38,805,939 38,805,939 Transportation services 20,121,816 20,121,816 Recreation and cultural 23,316,336 23,316,336 Water utility 14,263,929 14,263,929 Sewer utility 10,387,576 10,387,576 General Government 18,198,317 18,198,317 Planning, public health and other 6,117,476 6,117,476 Total expensesTotal expensesTotal expensesTotal expenses 131,211,389 131,211,389 Annual SurplusAnnual SurplusAnnual SurplusAnnual Surplus $$$$53,848,34553,848,34553,848,34553,848,345 $$$$53,848,34553,848,34553,848,34553,848,345 Less: Capital expenditures 108,747,589 Debt repayment 3,476,403 Add: Interfund transfers 31,549,549 Amortization 19,780,000 Borrowing proceeds 7,046,098 $, City of Maple Ridge - Statement of Financial Information Page 24 of 50 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 2016 Total 2016 Budget 2015 Total Goods and services $54,224,116 $31,743,301 $85,967,417 $157,852,867 $75,901,704 Wages and salaries 42,018,791 923,005 42,941,796 43,855,739 42,445,784 Interest 1,849,295 ,1,849,295 1,970,376 1,975,261 Total Expenditures 98,092,202 32,666,306 130,758,508 203,678,982 120,322,749 Amortization expenses 18,209,180 ,18,209,180 19,780,000 19,935,997 Contributed tangible capital assets ,39,062,791 39,062,791 16,499,996 36,744,306 Total Expenditures and Expenses $116,301,382 $71,729,097 $188,030,479 $239,958,978 $177,003,052 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 multi,employer defined benefit pension plan. Basic pension benefits are based on a formula. As at December 31. 2015, the plan has about 189,000 active members and approximately 85,000 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 entry,age normal cost method, which produces the long,term 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, 2015, indicated a $2,224 million funding surplus for basic pension benefits on a going concern basis. The City paid $3,440,174$3,440,174$3,440,174$3,440,174 (2015 $3,302,393 ) for employer contributions while employees contributed $2,778,065$2,778,065$2,778,065$2,778,065 (2015 $2,680,523) to the plan in fiscal 2016. The next valuation will be as at December 31, 2018, with results available in 2019. 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 25 of 50 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 well,being 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 26 of 50 Intentional Blank City of Maple Ridge - Statement of Financial Information Page 27 of 50 Consolidated Financial Statements Segment ReportSegment ReportSegment ReportSegment Report Consolidated Report of Segmented Revenue and ExpensesConsolidated Report of Segmented Revenue and ExpensesConsolidated Report of Segmented Revenue and ExpensesConsolidated Report of Segmented Revenue and Expenses For the year ended December 31, 2016 Protective Protective Protective Protective ServicesServicesServicesServices TransportationTransportationTransportationTransportation ServicesServicesServicesServices Recreation Recreation Recreation Recreation and Culturaland Culturaland Culturaland Cultural Water UtilityWater UtilityWater UtilityWater Utility Sewer UtilitySewer UtilitySewer UtilitySewer Utility RevenueRevenueRevenueRevenue Tax revenue $)$)$)$139,992 $891,135 Other revenues 6,175,248 757,903 5,476,262 15,545,102 9,470,352 Government transfers 100,530 1,523,174 187,121 )) Development revenue 1,569 9,086,684 5,610,106 2,838,919 121,088 Interest and investment income )))))))) Gaming Revenues Refinancing and other gains )))))))) Loss on disposal of capital assets (4,068)(636,810)(11,588)(187,958)(2,959,406) Contributed infrastructure )21,379,869 5,405,623 3,292,211 8,985,088 Total RevenueTotal RevenueTotal RevenueTotal Revenue 6,273,279 32,110,820 16,667,524 21,628,266 16,508,257 ExpensesExpensesExpensesExpenses Operating: Goods and services 18,747,607 2,802,426 9,324,296 9,223,928 7,050,689 Labour 15,753,713 5,572,234 8,370,799 1,229,348 575,625 Debt Servicing 13,886 (12,228)935,302 )) Sub total 34,515,206 8,362,432 18,630,397 10,453,276 7,626,314 Amortization 1,329,360 7,473,290 2,954,081 2,175,606 2,441,993 Total ExpensesTotal ExpensesTotal ExpensesTotal Expenses 35,844,566 15,835,722 21,584,478 12,628,882 10,068,307 Excess (deficiency) of revenue overExcess (deficiency) of revenue overExcess (deficiency) of revenue overExcess (deficiency) of revenue over expensesexpensesexpensesexpenses $(29,571,287)$16,275,098 $(4,916,954)$8,999,384 $6,439,950 City of Maple Ridge - Statement of Financial Information Page 28 of 50 Consolidated Financial Statements GeneralGeneralGeneralGeneral GovernmentGovernmentGovernmentGovernment CommercialCommercialCommercialCommercial TowerTowerTowerTower PlanningPlanningPlanningPlanning Public HealthPublic HealthPublic HealthPublic Health & Other& Other& Other& Other UnallocatedUnallocatedUnallocatedUnallocated Total Total Total Total 2016 Actual2016 Actual2016 Actual2016 Actual Total BudgetTotal BudgetTotal BudgetTotal Budget Total 2015 Actual $)$)$1,940,726 $74,480,350 $$$$77,452,20377,452,20377,452,20377,452,203 $77,377,354 $74,042,945 1,719,398 1,445,025 2,622,056 ))))43,211,34643,211,34643,211,34643,211,346 41,197,154 41,699,739 964,910 ))))))2,775,7352,775,7352,775,7352,775,735 5,991,875 3,637,552 213,865 )21,050 ))))17,893,28117,893,28117,893,28117,893,281 39,560,375 12,855,808 )))2,478,388 2,478,3882,478,3882,478,3882,478,388 1,882,980 2,417,402 1,338,678 1,338,6781,338,6781,338,6781,338,678 1,050,000 1,161,956 ))))))))1,500,000 ) (33,507)))))))(3,833,337)(3,833,337)(3,833,337)(3,833,337))(1,668,305) )))))))39,062,79139,062,79139,062,79139,062,791 16,499,996 36,744,306 2,864,666 1,445,025 4,583,832 78,297,416 180,379,085180,379,085180,379,085180,379,085 185,059,734 170,891,403 3,771,630 541,404 2,762,136 )54,224,11654,224,11654,224,11654,224,116 65,605,274 55,862,092 8,065,402 )2,451,670 )42,018,79142,018,79142,018,79142,018,791 43,855,739 41,619,187 279,897 575,297 57,141 )1,849,2951,849,2951,849,2951,849,295 1,970,376 1,975,261 12,116,929 1,116,701 5,270,947 )98,092,20298,092,20298,092,20298,092,202 111,431,389 99,456,540 1,587,469 )247,381 )18,209,18018,209,18018,209,18018,209,180 19,780,000 19,935,997 13,704,398 1,116,701 5,518,328 )116,301,382116,301,382116,301,382116,301,382 131,211,389 119,392,537 $(10,839,732)$328,324 $(934,496)$78,297,416 $$$$64,077,70364,077,70364,077,70364,077,703 $53,848,345 $51,498,866 City of Maple Ridge - Statement of Financial Information Page 29 of 50 Consolidated Financial Statements Schedule 1Schedule 1Schedule 1Schedule 1 Schedule of Change in Operating Accumulated SurplusSchedule of Change in Operating Accumulated SurplusSchedule of Change in Operating Accumulated SurplusSchedule of Change in Operating Accumulated Surplus For the year ended December 31, 2016 Actual Actual Actual Actual 2016 2016 2016 2016 Budget 2016 Actual 2015 RevenueRevenueRevenueRevenue Taxes for municipal purposes $$$$77,452,20377,452,20377,452,20377,452,203 $77,377,354 $74,042,945 User fees and other revenues 43,211,34643,211,34643,211,34643,211,346 41,197,154 41,699,739 Government transfers 2,004,7962,004,7962,004,7962,004,796 2,421,056 2,719,618 Development Revenue 1,003,4101,003,4101,003,4101,003,410 1,198,498 3,328,337 Interest and investment income 1,717,6841,717,6841,717,6841,717,684 1,307,984 1,684,002 Gaming revenues 1,338,6781,338,6781,338,6781,338,678 1,050,000 1,161,956 Refinancing and other gains 181,645181,645181,645181,645 1,500,000 1,279,143 126,909,762126,909,762126,909,762126,909,762 126,052,046 125,915,740 ExpensesExpensesExpensesExpenses Protective services 34,515,20634,515,20634,515,20634,515,206 37,455,939 32,916,751 Transportation services 8,362,4328,362,4328,362,4328,362,432 10,161,816 7,827,639 Recreation and cultural 18,630,39718,630,39718,630,39718,630,397 21,106,336 19,288,737 Water utilities 10,453,27610,453,27610,453,27610,453,276 12,243,929 13,753,846 Sewer utilities 7,626,3147,626,3147,626,3147,626,314 7,997,576 7,226,611 General government 13,233,63013,233,63013,233,63013,233,630 16,608,317 12,771,543 Public and environmental health 5,270,9475,270,9475,270,9475,270,947 5,857,476 5,671,413 98,092,20298,092,20298,092,20298,092,202 111,431,389 99,456,540 Annual SurplusAnnual SurplusAnnual SurplusAnnual Surplus 28,817,56028,817,56028,817,56028,817,560 14,620,657 26,459,200 Internal transfersInternal transfersInternal transfersInternal transfers Transfers to capital funds (7,851,339)(7,851,339)(7,851,339)(7,851,339)(9,470,487)(5,584,821) Transfers to reserves (16,867,657)(16,867,657)(16,867,657)(16,867,657)(2,027,693)(15,168,801) Increase in operating accumulated surplus 4,098,5644,098,5644,098,5644,098,564 3,122,477 5,705,578 Operating accumulated surplusbeginning of yearOperating accumulated surplusbeginning of yearOperating accumulated surplusbeginning of yearOperating accumulated surplusbeginning of year 24,627,70124,627,70124,627,70124,627,701 24,627,701 18,922,123 Operating accumulated surplusend of year Operating accumulated surplusend of year Operating accumulated surplusend of year Operating accumulated surplusend of year (Note 14)$$$$28,726,26528,726,26528,726,26528,726,265 $27,750,178 $24,627,701 City of Maple Ridge - Statement of Financial Information Page 30 of 50 Consolidated Financial Statements Schedule 2Schedule 2Schedule 2Schedule 2 Schedule of Change in Capital Funds Schedule of Change in Capital Funds Schedule of Change in Capital Funds Schedule of Change in Capital Funds For the year ended December 31, 2016For the year ended December 31, 2016For the year ended December 31, 2016For the year ended December 31, 2016 ActualActualActualActual Budget Actual 2016 2016 2016 2016 2016 2015 RevenueRevenueRevenueRevenue Subdivision infrastructure contributions $$$$39,062,79139,062,79139,062,79139,062,791 $16,499,996 $36,744,306 Government transfers 770,939770,939770,939770,939 3,570,819 917,934 Development fees 16,470,74416,470,74416,470,74416,470,744 36,627,061 9,311,090 Other capital contributions 419,127419,127419,127419,127 1,734,816 216,381 Disposal of tangible capital assets (4,014,982)(4,014,982)(4,014,982)(4,014,982)-(2,947,448) Total Revenue 52,708,61952,708,61952,708,61952,708,619 58,432,692 44,242,263 ExpensesExpensesExpensesExpenses Amortization 18,209,18018,209,18018,209,18018,209,180 19,780,000 19,935,997 Total Expenses 18,209,18018,209,18018,209,18018,209,180 19,780,000 19,935,997 Annual SurplusAnnual SurplusAnnual SurplusAnnual Surplus 34,499,43934,499,43934,499,43934,499,439 38,652,692 24,306,266 Internal Transfers Internal Transfers Internal Transfers Internal Transfers Transfers and principal payments from revenue funds 7,851,3397,851,3397,851,3397,851,339 9,470,487 5,584,821 Transfers from reserves 10,019,15710,019,15710,019,15710,019,157 37,274,741 7,614,277 Increase in capital fundsIncrease in capital fundsIncrease in capital fundsIncrease in capital funds 52,369,93552,369,93552,369,93552,369,935 85,397,920 37,505,364 Capital funds 2 beginning of the yearCapital funds 2 beginning of the yearCapital funds 2 beginning of the yearCapital funds 2 beginning of the year 898,164,817898,164,817898,164,817898,164,817 898,164,817 860,659,453 Capital funds 2 end of the year Capital funds 2 end of the year Capital funds 2 end of the year Capital funds 2 end of the year (Note 14)$$$$950,534,751950,534,751950,534,751950,534,751 $983,562,737 $898,164,817 City of Maple Ridge - Statement of Financial Information Page 31 of 50 Consolidated Financial Statements Schedule 3Schedule 3Schedule 3Schedule 3 Schedule of Change in ReservesSchedule of Change in ReservesSchedule of Change in ReservesSchedule of Change in Reserves For the year ended December 31, 2016 ActualActualActualActual 2016 2016 2016 2016 Budget 2016 Actual 2015 Revenue and TransfersRevenue and TransfersRevenue and TransfersRevenue and Transfers Revenue Interest and investment income $$$$760,704760,704760,704760,704 $574,996 $733,399 Add (less) Internal transfers Transfers from revenue funds 16,867,65716,867,65716,867,65716,867,657 2,027,693 15,168,801 Transfers to capital funds (10,019,157)(10,019,157)(10,019,157)(10,019,157)(37,274,741)(7,614,277) Increase (decrease) in Reserved Accumulated SurplusIncrease (decrease) in Reserved Accumulated SurplusIncrease (decrease) in Reserved Accumulated SurplusIncrease (decrease) in Reserved Accumulated Surplus 7,609,2047,609,2047,609,2047,609,204 (34,672,052)8,287,923 Reserved Accumulated Surplus Beginning of the YearReserved Accumulated Surplus Beginning of the YearReserved Accumulated Surplus Beginning of the YearReserved Accumulated Surplus Beginning of the Year 77,031,53077,031,53077,031,53077,031,530 77,031,530 68,743,607 Reserved Accumulated Surplus End of YearReserved Accumulated Surplus End of YearReserved Accumulated Surplus End of YearReserved Accumulated Surplus End of Year (Note 14)$$$$84,640,73484,640,73484,640,73484,640,734 $42,359,478 $77,031,530 City of Maple Ridge - Statement of Financial Information Page 32 of 50 Intentional Blank City of Maple Ridge - Statement of Financial Information Page 33 of 50 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, 2016 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 34 of 50 Consolidated Financial Statements Dec 31, 2015Dec 31, 2015Dec 31, 2015Dec 31, 2015 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 2016201620162016 BalanceBalanceBalanceBalance OutstandingOutstandingOutstandingOutstanding Interest Paid/Interest Paid/Interest Paid/Interest Paid/ EarnedEarnedEarnedEarned For The YearFor The YearFor The YearFor The Year $17,481,309 $;$1,244,182 $;$16,237,127 $935,302 2,424,274 ;172,529 ;2,251,745 129,697 16,300,000 ;;;16,300,000 813,370 2,675,000 ;;;2,675,000 54,838 625,000 ;;;625,000 18,125 1,520,000 ;;;1,520,000 44,080 700,000 ;;;700,000 20,300 41,725,583 ;1,416,711 ;40,308,872 2,015,712 5,839,056 ;547,383 238,073 6,624,512 238,073 1,556,515 ;493,877 67,066 2,117,458 67,066 98,372 ;31,213 4,239 133,824 4,239 115,028 ;36,498 4,956 156,482 4,956 52,973 ;16,809 2,282 72,064 2,282 7,661,944 ;1,125,780 316,616 9,104,340 316,616 $ 34,063,639 $ ;$ 2,542,491 $ 316,616 $ 31,204,532 $ 1,699,096 City of Maple Ridge - Statement of Financial Information Page 35 of 50 Consolidated Financial Statements Schedule 5Schedule 5Schedule 5Schedule 5 Schedule of Tangible Capital AssetsSchedule of Tangible Capital AssetsSchedule of Tangible Capital AssetsSchedule of Tangible Capital Assets For the year ended December 31, 2016 LandLandLandLand 2222 BuildingBuildingBuildingBuilding TransportationTransportationTransportationTransportation NetworkNetworkNetworkNetwork Storm SystemStorm SystemStorm SystemStorm System Historical Cost Historical Cost Historical Cost Historical Cost 1111 Opening cost $201,911,387 $89,743,990 $323,036,059 $244,265,123 Additions 13,987,262 2,481,920 16,459,885 17,122,643 Disposals .(129,893)(525,233)(497,526) 215,898,649 92,096,017 338,970,711 260,890,240 Accumulated Accumulated Accumulated Accumulated AmortizationAmortizationAmortizationAmortization Opening balance .43,883,112 109,795,619 58,373,714 Amortization expense .2,696,585 6,183,554 770,505 Effect of disposals .(116,307)(238,741)(173,407) .46,463,390 115,740,432 58,970,812 Net Book Value as atNet Book Value as atNet Book Value as atNet Book Value as at December 31, 2016December 31, 2016December 31, 2016December 31, 2016 $215,898,649 $45,632,627 $223,230,279 $201,919,428 Net Book Value as atNet Book Value as atNet Book Value as atNet Book Value as at December 31, 2015December 31, 2015December 31, 2015December 31, 2015 $201,911,387 $45,860,878 $213,240,440 $185,891,409 1 Historical cost includes work in progress at December 31, 2016 of $13,675,368$13,675,368$13,675,368$13,675,368 ($. for 2015) comprised of: Land $24,177 ($202,240 for 2015); Buildings $2,716,945 ($532,501 for 2015); Transportation network $10,162,075 ($8,375,477 for 2015); Storm system $46,711 ($48,431for 2015); Fleet and equipment $3,448 ($8,563 for 2015); Technology $3,000 ($9,531 for 2015); Water system $440,517 ($195,180 for 2015); Sanitary system $73,575 ($. for 2015); and Other $204,919 ($. for 2015). Work in progress is not amortized. 2 Additions to land are net of $. ($4,226,923 for 2015) of land reclassified to inventory available for sale. 3 "Other" at net book value includes Furniture and Fixtures at $495,795 ($630,730 for 2015) and structures at $14,668,431 ($14,196,810 for 2015) City of Maple Ridge - Statement of Financial Information Page 36 of 50 Consolidated Financial Statements Fleet andFleet andFleet andFleet and EquipmentEquipmentEquipmentEquipment TechnologyTechnologyTechnologyTechnology Water SystemWater SystemWater SystemWater System Sanitary SystemSanitary SystemSanitary SystemSanitary System OtherOtherOtherOther 3333 TotalTotalTotalTotal $27,175,107 $10,404,167 $139,209,369 $164,705,575 $28,760,734 $1,229,211,509 1,022,177 794,892 8,261,778 9,501,728 2,096,812 71,729,097 (554,664)(339,301)(493,244)(3,396,283)(245,136)(6,181,280) 27,642,620 10,859,758 146,977,903 170,811,020 30,612,410 1,294,759,326 13,131,476 5,602,228 31,381,745 42,219,256 13,933,193 318,320,343 1,315,184 796,641 2,246,237 2,468,325 1,732,149 18,209,180 (429,531)(290,601)(272,304)(428,248)(217,159)(2,166,298) 14,017,129 6,108,268 33,355,678 44,259,333 15,448,183 334,363,225 $13,625,491 $4,751,490 $113,622,225 $126,551,687 $15,164,227 $960,396,101 $14,043,631 $4,801,939 $107,827,624 $122,486,319 $14,827,541 $910,891,167 City of Maple Ridge - Statement of Financial Information Page 37 of 50 Consolidated Financial Statements ________________________________________________________ Schedule 6Schedule 6Schedule 6Schedule 6 Continuity Schedule of ReservesContinuity Schedule of ReservesContinuity Schedule of ReservesContinuity Schedule of Reserves For the year ended December 31, 2016 BalanceBalanceBalanceBalance Dec, 31, 2015 Dec, 31, 2015 Dec, 31, 2015 Dec, 31, 2015 InterestInterestInterestInterest Allocated Allocated Allocated Allocated Reserve FundsReserve FundsReserve FundsReserve Funds Local Improvements $2,550,517 $14,753 Equipment Replacement 13,093,289 190,700 Capital Works 11,623,295 153,897 Fire Department Capital Acquisition 7,054,422 104,276 Sanitary Sewer 1,614,769 21,470 Land 275,235 3,661 Total Reserve FundsTotal Reserve FundsTotal Reserve FundsTotal Reserve Funds 36,211,527 488,757 Reserve AccountsReserve AccountsReserve AccountsReserve Accounts Specific Projects 3 Capital 6,143,821 3 Specific Projects 3 Operating 8,397,216 3 Self Insurance 830,351 11,227 Police Services 6,735,888 87,554 Core Development 1,720,419 21,791 Recycling 1,513,787 20,645 Community Development 1,349 1 Building Inspections 2,494,848 31,411 Gravel Extraction 727,831 10,141 Community Works (Gas Tax)3 3 Facility Maintenance 1,840,198 31,061 Snow Removal 686,015 3 Cemetery Maintenance 30,781 3 Infrastructure Sustainability (Town Centre Buildings)329,415 3 Infrastructure Sustainability (Road Network)1,710,679 26,485 Infrastructure Sustainability (Drainage)3 13,729 Drainage Improvements 1,522,548 15,232 Critical Infrastructure 200,923 2,670 Infrastructure Grants Contribution 3,557 3 Gaming Revenues 779,954 3 Self Insurance (sewer utility)134,873 3 Self Insurance (water utility)113,228 3 Specific Projects (sewer utility)2,155,690 3 Specific Projects (water utility)2,746,632 3 Total Reserve AccountsTotal Reserve AccountsTotal Reserve AccountsTotal Reserve Accounts 40,820,003 271,947 Total ReservesTotal ReservesTotal ReservesTotal Reserves $$$$77,031,53077,031,53077,031,53077,031,530 $$$$760,704760,704760,704760,704 City of Maple Ridge - Statement of Financial Information Page 38 of 50 Consolidated Financial Statements ________________________________________________________ TransfersTransfersTransfersTransfers Revenue Funds Revenue Funds Revenue Funds Revenue Funds TransfersTransfersTransfersTransfers Capital FundsCapital FundsCapital FundsCapital Funds Balance Balance Balance Balance Dec 31, 2016Dec 31, 2016Dec 31, 2016Dec 31, 2016 $3 $3 $2,565,270 2,684,023 (824,815)15,143,197 487,090 (1,536,304)10,727,978 1,458,390 (212,824)8,404,264 3 3 1,636,239 3 3 278,896 4,629,503 (2,573,943)38,755,844 4,606,290 (2,422,351)8,327,760 (562,856)3 7,834,360 7,393 3 848,971 552,078 (76,430)7,299,090 107,897 (69,772)1,780,335 614,553 3 2,148,985 (1,350)3 3 593,285 3 3,119,544 24,316 3 762,288 280,465 (280,465)3 660,379 (89,740)2,441,898 (212,954)3 473,061 86,825 3 117,606 43,870 (79)373,206 2,232,547 (2,296,544)1,673,167 1,878,509 (580,363)1,311,875 (22,612)(708,060)807,108 3 (82)203,511 3 3 3,557 517,570 39,267 1,336,791 6,504 3 141,377 6,504 3 119,732 577,951 (414,261)2,319,380 240,990 (546,334)2,441,288 12,238,154 (7,445,214)45,884,890 $$$$16,867,65716,867,65716,867,65716,867,657 $$$$(10,019,157)(10,019,157)(10,019,157)(10,019,157)$$$$84,640,73484,640,73484,640,73484,640,734 City of Maple Ridge - Statement of Financial Information Page 39 of 50 "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 2016for 2016for 2016for 2016 Prepared pursuant to the Financial Information Regulation, Schedule 1, Section 1 (1) (d) City of Maple Ridge - Statement of Financial Information Page 40 of 50 1 Elected Officials Name Position Remuneration Benefits Expenses Bell, Corisa Councillor 42,762.36$ 8,209.92$ 4,550.28$ Duncan, Kiersten Councillor 39,709.02 5,748.82 5,990.64 Masse, Robert Councillor 40,561.11 6,633.22 2,519.62 Read, Nicole Mayor 99,435.96 9,812.11 6,425.18 Robson, Gordy Councillor 39,709.02 5,996.51 3,465.52 Shymkiw, Tyler Councillor 54,265.66 7,747.29 3,968.40 Speirs, Craig Councillor 39,709.02 1,242.91 8,763.12 Total All Elected Officials 356,152.15$ 45,390.78$ 35,682.76$ 2 Employees Name Job Title Remuneration Expenses Albrecht, Michael Tradesperson 2 Plumber 77,148.99$ 1,836.65$ Andre, Colin Network Analyst 79,998.34 1,121.67 Armour, Douglas Fire Fighter *159,490.46 4,860.31 Armstrong, Fred Manager of Corporate Communications 116,581.69 2,197.03 Baird, Kathryn Coordinator Volunteer & Special Events 76,788.71 1,976.19 Balatti, Christa Manager of Health & Wellness 114,751.16 1,264.37 Barrett, Kevin Fire Fighter *113,468.65 2,770.43 Baski, Michelle Planner 1 79,256.01 345.00 Baski, Sebastian Fire Fighter *105,224.11 - Bastaja, John Director of Corporate Support **105,012.55 - Bayley, Christopher Fire Captain *138,438.42 20.00 Bean, Joshua Fire Fighter *107,710.44 - Benson, Laura Manager of Sustainability & Corporate Planning 114,402.49 4,298.75 Bevilacqua, Jim Fire Captain *151,243.66 128.00 Bhandari, Anita Manager of Health Safety & Employee Development 103,631.13 3,191.51 Billard, Aaron Parks Operation Supervisor-Horticulture Arborculture Sports Field 77,611.28 4,016.48 Bitcon, Stan Supervisor 2 Engineering Operations 75,552.16 1,150.71 Blakeway, Alexander Foreman 3 **79,842.98 246.88 Boag, David Director of Parks & Facilities 146,025.93 538.72 Boehmer, Jeffrey Manager of Construction & Design 127,755.69 3,050.73 Bonderud, Edward Fire Fighter *87,337.09 - Bonifazi, Marco Fire Fighter *105,079.14 190.00 Bruce, Robert Fire Fighter *111,035.46 - Brummer, Russell Business Operations Coordinator 76,671.09 3,022.32 Carmichael, Rhys Fire Fighter *102,410.63 - Carmichael, Russ Director of Engineering Operations **81,459.14 1,465.67 Carter, Christine Director of Planning 153,990.98 595.15 Christensen, Robert Fire Captain *138,010.32 - Christiansen, Mark Tradesperson 2 Carpenter 75,588.10 513.60 Chui, Yvonne Recreation Manager of Arts & Community Connections 106,013.85 1,469.55 Cillis, Paul Engineering Inspector 3 83,086.61 759.62 Clarke, Terry Equipment Operator 4 **80,524.05 - Clelland, James Assistant Fire Chief *117,022.71 2,400.00 Collard, Shaun Fire Fighter *115,114.46 150.00 Cooke, David Manager of Business Solutions 99,837.17 2,685.90 Cote-Rolvink, Stephen Manager of Inspection Services 131,732.59 1,887.85 Cotroneo, Tony Recreation Manager of Youth & Neighbourhood Services 99,141.21 1,857.92 Cotter, Steve Fire Fighter *110,807.77 - Crabtree, Christina Director of Information Services 143,644.09 2,274.97 Cramb, Donald B.Senior Recreation Manager 139,401.13 515.29 Crapo, Ryan Tradesperson 2 Electrical 79,386.54 2,031.81 Cullen, Patrick Emergency Program Coordinator 87,907.98 2,433.37 Cummings, Travis Fire Fighter *104,657.83 - Dale, Cindy Executive Assistant 76,284.09 19.17 Daunais, Don Electrical Inspector 84,598.90 589.61 Davis, Craig Fire Fighter *125,903.27 - for 2016 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 41 of 50 for 2016 City of Maple Ridge Financial Information Act Schedule Showing the Remuneration and Expenses Paid to or on Behalf of Each Employee Davis, Jeffery Fire Fighter *106,466.24 60.00 Delmonico, Jordan Fire Fighter *107,448.04 - Denton, Darrell Property & Risk Manager 100,499.29 1,827.99 Dingwall, William J.Manager of Utility Engineering 127,755.74 1,543.63 Dipalo, David J.Tradesperson 2 Mechanic 76,864.00 162.50 Dorrell, Robert Trades Supervisor 86,696.29 100.00 Dyer, Robert Trades Inspector 79,126.69 2,576.19 East, Robert Tradesperson 2 Carpenter 76,758.53 749.57 Eng, Michael Traffic & Transportation Technician 87,803.88 1,676.03 Ennis, Cheryl Executive Assistant, Administration 76,796.09 701.01 Ettinger, Glenn Fire Fighter *132,215.31 - Exner, Howard Fire Chief, Director of Community Fire Safety 150,677.21 1,659.76 Forsyth, Janice Coordinator Aquatics 77,329.35 999.14 Foster, Mary Fire Fighter *113,402.92 115.00 Franklin, Steven Fire Captain *137,095.79 - Frederick, Petra Coordinator, Leisure Access 76,984.29 516.02 Friesen, Jesse Fire Fighter *87,247.06 125.00 Gaudette, Christopher Fire Fighter *110,321.76 - Gibson, Timothy Research Technician 76,923.74 42.80 Gill, Paul General Manager, Corporate & Financial Services **349,025.88 6,433.04 Gjaltema, Michael Manager of Electro Mechanical 92,752.51 1,973.12 Glasgow, Ian Fire Fighter *108,681.10 1,166.37 Goddard, Charles Manager of Development & Environmental Services 135,394.41 213.07 Gordon, Thomas Engineering Technologist 75,905.30 335.00 Gormley, Kathleen Manager of Business Systems **148,302.92 513.60 Guerra, Maria Senior Project Engineer 114,002.49 1,252.04 Guingcangco, Teresa Plan Checker 2 79,872.65 2,027.41 Guy, Ronald Engineering Inspector 3 83,801.60 766.06 Hall, Diane Planner 2 93,770.38 573.56 Hampton, Warren Fire Fighter *110,323.01 - Hansen, Damon Fire Fighter *104,865.63 80.00 Harcus, David Fire Captain *135,839.69 80.00 Harrison, Caroline Network Analyst 79,295.90 6,024.79 Harwood, Kevin Fire Captain *132,295.83 - Haydu, John Fire Fighter *116,989.78 - Hewson, Glen Trades Inspector 79,126.70 968.67 Hopper, Clinton Fire Fighter *108,037.20 178.00 Jonat, Cameron Fire Fighter *114,174.30 148.00 Jones, Cameron Fire Fighter *104,434.68 - Jones, Maureen Senior Manager of Police Services 120,056.74 531.41 Judd, Stephen Manager of Infrastructure Development 127,755.69 1,297.63 Juurakko, Timo Assistant Fire Chief, Community & Administrative Services 139,959.69 2,825.81 Kabanov, Andrey Fire Fighter *86,464.82 - Kelleher, Jonathan T.Fire Fighter *110,715.03 20.00 Kelly, Paul Electrical Inspector 81,059.33 693.22 King, Frances Director of Human Resources 157,355.21 1,365.10 Kopystynski, Adrian Planner 2 96,341.07 1,123.77 Kovach, Natalie Systems Analyst 2 80,701.06 1,126.48 Kozlik, Mark Building Inspector 1 130,334.38 1,357.71 Lackner, Andrew Engineering Technologist 1 75,905.29 1,510.77 L'Arrivee, Michael Building Inspector 1 94,394.67 2,644.42 Laxton, Shannon Accountant 3 76,528.11 1,702.50 Lee, Chin-Kuan Financial Analyst 76,317.73 2,026.98 Lee, Joo Young Systems Analyst 2 79,865.11 1,696.46 Livingstone, Bruce Business Retention & Expansion Officer 80,179.77 5,102.92 MacDonald, Robert Fire Fighter *108,505.62 85.00 MacNair, Robin Manager of Bylaw & Licencing Services 116,563.19 1,381.48 Mah, Edwin Building Inspector 1 90,916.63 1,586.94 Marfleet, William Fire Fighter *103,558.85 70.00 Marlo, Ceri Manager of Legislative Services 127,405.69 290.00 Matthewson-Schober, Shawn Social Planning Analyst 91,467.33 2,599.18 McAusland, Andrew S.Facilities Operations Supervisor 80,007.08 1,145.80 McCormick, Wendy Director of Recreation 146,081.43 1,279.95 McCurry, Aaron Supervisor 2 Engineering Operations 87,182.21 584.91 McDougall, Malcolm Parks Operation Supervisor-Horticulture Arborculture Sports Field 75,639.74 3,511.20 McKee, Christopher J.Fire Lieutenant *122,623.61 - 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 42 of 50 for 2016 City of Maple Ridge Financial Information Act Schedule Showing the Remuneration and Expenses Paid to or on Behalf of Each Employee McLeod, Bruce Manager of Parks Planning & Development **91,526.40 940.32 McLeod, Kirk Engineering Inspector 2 77,280.38 851.94 Messam, Erica Engineering Technologist 1 76,117.26 798.61 Mikes, Daniela Manager of Procurement 114,838.33 5,107.24 Millward, Michael Facilities Operations Manager 118,586.55 3,794.11 Moerman, Andrew Electrical Inspector 1 76,708.82 175.00 Moore, Kelly Fire Lieutenant *121,344.68 - Murphy, Siobhan Planner 2 93,543.51 2,261.92 Nagra, Dhaminder Human Resources Advisor 87,013.13 169.18 Nairn, Cale Tradesperson 2 Electrical 76,099.88 1,652.22 Narayan, Sureshwar Senior Analyst Programmer 99,934.71 4,556.09 Nikula, Matthew Fire Fighter *90,445.72 - Nolan, Catherine Manager of Accounting 114,620.41 2,607.71 Ogilvie, Ralph Fire Fighter *97,491.07 125.00 Oleschak, Walter Superintendent of Public Works 115,730.59 317.13 Patel, Brian Coordinator, Core Area 78,030.84 755.40 Perkin, Kevin Fire Lieutenant *125,183.06 - Pollock, David Municipal Engineer 152,356.01 7,007.66 Pope, Danielle Manager of Business Operations 114,133.93 2,314.84 Porter, Gary Fire Training Officer *136,659.60 195.60 Quinn, Frank General Manager, Public Works and Development Services 195,453.94 6,677.92 Ramsay, Devin Fire Fighter *113,623.93 37.50 Ramsay, Robert Fire Captain *142,446.60 100.00 Richmond, Calvin Supervisor 3 Engineering Operations 87,533.45 898.72 Rule, James Chief Administrative Officer **77,753.26 - Rutledge, Silvia Manager of Revenue and Collections 112,734.09 1,404.69 Schmidt, Kristofer Water Maintenance Worker 75,912.19 70.00 Schramm, Aaron Supervisor 3 Engineering Operations 83,910.53 588.56 Schurer, Oliver Business Systems Analyst 98,854.54 597.97 Schwaiger, Harry Building Inspector 1 79,380.49 924.56 Senchyna, Jacqueline Facility Support Programmer **86,745.69 1,696.34 Serediuk, Sean Manager of Infrastructure and Security Services 103,196.31 3,072.57 Seward, Adam Fire Lieutenant *121,845.31 3,198.00 Siracusa, Lino Manager of Economic Development 119,203.19 4,527.67 Smitton, Mark Assistant Fire Chief, Fire Prevention and Communications 128,005.69 2,516.55 Snow, Roy Fire Fighter *125,638.19 3,233.58 Speers, David Coordinator Health Wellness 76,700.49 548.12 Spence, Dane Fire Chief, Director of Community Fire Safety **183,012.04 850.36 Stetin, Velimir Engineering Technician - Projects 79,126.72 1,277.74 Stewart, Michael Fire Captain *143,478.30 155.00 Storey, James Director of Engineering Operations 120,987.50 1,542.18 Stott, Rodney Environmental Planner 93,595.69 - Stripp, Mitchell Supervisor Electrical Mechanical 101,150.00 3,172.57 Swabey, Edward Chief Administrative Officer 244,743.33 16,116.09 Swift, Kelly General Manager, Parks Recreation & Culture 206,503.54 3,163.61 Taylor, Adam Fire Fighter *102,256.78 100.00 Teboekhorst, Dennis Fire Lieutenant *128,295.62 - Thompson, Trevor Manager of Financial Planning 114,402.49 4,557.20 Todd, Thomas Supervisor 3 Engineering Operations 92,703.87 624.65 Ulrich, Cynthia Manager of Compensation 107,834.74 1,935.26 Van Dop, Michael J.Deputy Fire Chief *131,755.13 31,438.25 Vanderjagt, Ryan Fire Fighter *106,888.12 - Varcoe, Thomas Supervisor 2 Engineering Operations 85,887.11 513.82 Veasey, Daryl Meter Maintenance Worker 80,797.09 262.60 Veltin, George Tradesperson 2 Mechanic 79,182.98 625.53 Vinje, Brock Fire Fighter *116,255.30 - Vinje, Bryan Assistant Fire Chief, Training & Safety *136,976.29 10,657.67 Virs, Nicholas Fire Fighter *92,550.76 - Walsh, Nichole Purchasing Supervisor 76,708.48 1,708.84 Wetherill, Michelle Manager of Human Resources 115,187.00 2,288.95 Wilson, Davin Superintendent of Waterworks 101,499.26 2,260.97 Wilson, Samuel Water System Operator 82,435.74 434.41 Wing, Graham Fire Fighter *107,990.67 75.00 Yan, Angela Systems Analyst 2 76,929.56 4,675.86 Zezchuk, Edward Trades Inspector 80,201.59 978.20 Zosiak, Lisa Planner 2 95,232.16 1,021.91 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 43 of 50 for 2016 City of Maple Ridge Financial Information Act Schedule Showing the Remuneration and Expenses Paid to or on Behalf of Each Employee Subtotal 19,056,920.94$ 285,181.63$ Consolidated Total of Employees with remuneration 16,862,712.46 111,928.49 less than $75,000 Total All Employees 35,919,633.40$ 397,110.12$ 3 Reconciliation Total remuneration Elected Officials 356,152.15$ Other Employees 35,919,633.40 Subtotal 36,275,785.55$ Other reconciling Items CPP 1,131,896.53$ Employer portion of:EI 603,347.19 Accruals 110,959.03 WCB 401,449.65 Pension 3,440,174.00 Other employer costs 1,270,164.19 (Medical, Dental, etc.) Wages & Salaries per Consolidated Financial Statements,42,941,796$ Annual Report, Page 63 *Remuneration includes the effect of retroactive contract settlements. **Remuneration includes payment of previously accrued amounts. 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 44 of 50 There was one severance agreement under which payment commenced between the City of Maple Ridge and its non-unionized employees during the fiscal year 2016 The agreement represents 18 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 2016Statement of Severance Agreements for 2016Statement of Severance Agreements for 2016Statement of Severance Agreements for 2016 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 45 of 50 1)Alphabetical list of suppliers who received aggregate payments exceeding $25,000 Supplier Name Aggregate amount paid to supplier 0780659 BC Ltd 1,826,717.28$ 0946235 BC Ltd 157,964.62 A & G Supply Ltd 27,822.58 A O K Tree Service Ltd 37,859.85 Absolute Industrial Mechanical 59,930.34 AC Paving Company Ltd 413,245.80 Accent Glass & Locksmith 29,133.45 Ace INA Life Insurance 26,879.44 Action Data Communications 77,685.02 Active Earth Engineering Ltd 30,139.18 AECOM Canada Ltd 38,923.51 Alliance Painting 26,250.00 Alouette River Management Society 59,790.60 Andrew Sheret Ltd 47,874.87 Ansan Industries Ltd 28,311.06 Antiquus Archaeological Consultants Ltd 30,678.63 Aptean Inc 109,830.48 ATS Traffic 57,361.92 AW Fire Guard & Supplies Ltd 54,724.68 B & B Contracting Ltd 5,411,933.69 BA Blacktop 2,210,188.37 Bartle & Gibson Co Ltd 64,375.07 Bay Hill Contracting Ltd 37,726.50 BC Hydro 1,732,375.75 BC Institute Of Technology 35,274.21 BC SPCA 361,508.59 BDO Canada LLP 73,486.64 Berto Contractors Ltd 35,404.95 Black Press Group Ltd 63,636.88 Blue Pine Enterprises Ltd 172,283.35 Boileau Electric & Pole Ltd 782,304.27 Braun Geotechnical Ltd 25,109.49 Cambie Roofing 33,657.32 Campton Services Corporation 55,745.00 Canada Pipe Company Ltd 40,105.77 Canadian Pacific Railway 34,955.58 Canco Crane And Equipment Ltd 44,811.56 Cansel Survey Equipment 48,590.07 Canstar Restorations 58,863.47 Cel-Com Systems Ltd 39,468.25 Chairlines 25,222.40 Chem-Aid Services Inc 34,393.89 Chevron Canada Ltd 710,346.37 City Of Pitt Meadows 175,059.82 Civicplus 26,928.06 Coastal Roofing Ltd 25,100.25 Cobing Building Solutions 82,429.19 Commercial Aquatic Supplies 51,739.91 Co-Pilot Industries Ltd 96,702.90 Corix Control Solutions 49,540.96 Corix Water Products 190,479.77 Cover Star Structures Ltd 45,908.80 CSDC Systems Inc 71,292.75 Dams Ford Lincoln Sales Ltd 125,669.45 City of Maple Ridge Financial Information Act Schedule Showing Payments Made for the Provision of Goods or Services for 2016 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 46 of 50 City of Maple Ridge Financial Information Act Schedule Showing Payments Made for the Provision of Goods or Services for 2016 Supplier Name Aggregate amount paid to supplier Dell Canada Inc 47,599.41 Donald Flooring Contract Sales 31,332.00 Dougness Holdings Ltd 125,766.94 DTM Systems Corporation 94,615.61 Eagle West Crane & Rigging 30,569.41 Ecotainer Sales Inc 35,946.44 EECOL Electric Corporation 47,971.53 EMCO Corporation 54,167.61 Emergency Communications For British Columbia Inc 1,019,595.00 Empire Signworks Inc 31,305.90 ESRI Canada Limited 70,911.75 Eurovia British Columbia Inc 2,900,440.35 FDM Software Ltd 29,420.30 Finning International Inc 155,172.98 First Truck Centre Vancouver Inc 36,497.53 Fitness Edge 197,721.54 Flocor Inc 27,911.07 Fortis BC 172,874.16 Fraser Valley Regional Library 2,668,377.00 Frazer Excavation Ltd 110,609.97 Fred Surridge Ltd 159,817.81 Gibson Waterworks Supply Inc 41,835.66 Golden Ears Ortho & Sports 94,820.29 Golden Ears Winter Club 62,609.45 GOtraffic Management Inc 357,567.97 Grant Hill (GP) Ltd 93729.03 Great North Engineering Consultants Inc 28,226.65 Greater Vancouver Regional District 25,659.42 Greater Vancouver Sewerage & Drainage District 73,060.65 Greater Vancouver Water District 8,626,074.76 Green Cut Contracting 28,394.92 Green Landscape Experts Ltd 42,370.90 Guillevin International Inc 245,534.44 Hallmark Facility Services Inc 366,177.82 Hanks Trucking And Bulldozing 41,573.21 HCMA Architecture & Design 38,603.81 High Performance Climbing Wall 48,260.85 Hincks, Linda 47,408.04 Homewood Health Inc 42,560.01 Horizon Landscape Contractors 248,156.78 Hub International Insurance Brokers 192,257.00 Iaci, Frank 1,033,747.49 IDRS 38,171.59 Image Painting & Restoration Ltd 108,957.58 Imperial Paving 68,469.58 Infinite Roadmarking Ltd 133,448.81 Interprovincial Traffic Services 55,879.21 ISCMV - Invasive Species Council of Metro Vancouver 35,137.70 ISL Engineering & Land Services Ltd 345,999.18 Jacks Automotive & Welding 182,466.48 Johnston Meier Insurance Agency 35,806.00 Justice Institute Of BC 30,440.63 Kal Tire 27,739.51 Kerr Wood Leidal Associates 112,539.90 King Hoe Excavating Ltd 3,511,429.16 Kirk & Co. Consulting Ltd 29,773.81 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 47 of 50 City of Maple Ridge Financial Information Act Schedule Showing Payments Made for the Provision of Goods or Services for 2016 Supplier Name Aggregate amount paid to supplier Kone Inc 27,823.05 Lafarge Canada Inc 453,418.53 Letts Environmental Consultants 47,356.95 Life Fitness International Sales Inc 37,768.99 Lordco Parts Ltd 77,846.18 Mainland Sand & Gravel ULC 73,584.06 Manulife Financial 1,176,415.88 Maple Ridge & PM Arts Council 875,194.99 Maple Ridge Carpet One 68,474.74 Maple Ridge Historical Society 146,887.00 Mar-Tech Underground Services 137,886.97 McElhanney Consulting Services 215,724.46 Medical Services Plan 357,187.42 Merkley, Blake Ralston 1,630,419.32 Mertin Nissan Ltd 71,819.88 Micro Com Systems Ltd 32,614.93 Microsoft Corporation 141,948.78 Mills Printing & Stationery 88,035.46 MMM Group Limited 30,525.34 Modern Ground Maintenance Ltd 32,972.45 MODUS 24,940.67 Municipal Insurance Association of British Columbia 1,007,088.08 Municipal Pension Plan 3,551,133.03 Murphy, Amanda 50,906.35 N.Wallace & Company Ltd 1,964,105.19 No 265 Seabright Holdings Ltd 62,965.73 Noble British Columbia 25,522.00 North Of 49 Enterprises Ltd 112,229.32 NOW Solutions 138,699.68 Nustadia Recreation Inc 446,397.50 Oakcreek Golf & Turf Inc 60,209.70 Open Storage Solutions 271,767.17 Opus International Consultants 266,134.81 Oracle Corporation Canada Inc 54,351.87 P & L Speed Print Ltd 30,790.11 Pace Group Communications Inc 65,109.67 Pacific Flow Control Ltd 70,398.30 Pacific Surrey Construction 27,983.21 Panorama LMS 4011 148,794.96 Paul Bunyan Tree Services 140,506.80 Pilgrim Consulting & Services 31,002.66 Pitney Works 54,271.03 Pitt Meadows Heritage & Museum 82,687.00 Platinum Stone Contracting Ltd 50,514.74 Polycrete Restorations Ltd 25,326.00 Popular Landscaping & Gardening 32,298.00 Precision Service & Pumps Inc 27,012.24 Progressive Waste Solutions Inc 71,580.92 Promix Concrete Ltd 30,789.78 PW Trenchless Construction Inc 162,973.28 Quantum Murray LP 35,338.13 RCMP - Receiver General 15,447,314.01 Receiver General For Canada 1,709,481.36 RG Arenas (Maple Ridge) Ltd 730,608.30 RGH Pacific Emergency Services 27,755.84 Ricoh Canada Inc 239,945.43 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 48 of 50 City of Maple Ridge Financial Information Act Schedule Showing Payments Made for the Provision of Goods or Services for 2016 Supplier Name Aggregate amount paid to supplier Ridge Meadows Recycling Society 2,352,201.60 Ridge Meadows Seniors Society 286,380.00 Road Warrior Cutting 27,431.35 Rogers 232,927.92 Safe Vac Environmental Services Ltd 41,901.36 Sandpiper Contracting Ltd 416,556.20 Sanscorp Products Ltd 37,351.64 School District #42 27,917.11 Shamrock Consulting Services 34,781.27 Shaw Cablesystems 57,425.03 SHI Canada ULC 48,866.19 Smithrite Portable Services 34,197.56 Softchoice LP 82,914.05 SPARC BC 76,929.02 Spyders Inc 70,268.41 Stantec Consulting Ltd 206,229.00 SURD-BA Robinson Co Ltd 39,828.52 Surrey Fire Service 95,099.50 Swing Time Distributors Ltd 51,524.48 Tag Construction Ltd 29,337.00 Telus 126,417.14 Tempest Development Group 176,799.54 Tetra Tech EBA Inc 65,391.89 Thrifty Foods 32,474.50 Timbro Contracting 1,500,984.84 Total Energy Systems Ltd 60,087.62 Total Power Ltd 78,697.50 Trevor Jarvis Contracting Ltd 49,734.30 Triahn Enterprises 271,389.86 Trotman, Lindsay & Sumner 1,984,313.56 Tundra Plumbing Ltd 89,523.61 Union Of BC Municipalities 36,604.06 Urban Systems 155,444.29 Vimar Equipment Ltd 92,128.56 Warrington PCI Management 946,908.46 Westcoast Fitness Fixations Inc 30,815.68 Westridge Security Ltd 123,908.50 Westview Sales Ltd 38,714.74 Williams, A. J.50,299.44 Workers Compensation Board 496,163.47 Xylem Canada Company 61,007.36 Young, Anderson - Barristers 198,662.44 Zone West Enterprises Ltd 34,817.40 84,711,449.43$ 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 49 of 50 City of Maple Ridge Financial Information Act Schedule Showing Payments Made for the Provision of Goods or Services for 2016 2)Consolidated total paid to suppliers who received aggregate payments of $25,000 or less 4,899,610.75$ 3)Total payments to suppliers for grants and contributions exceeding $25,000 Consolidated total of grants exceeding $25,000 40,000.00 Consolidated total of contributions exceeding $25,000 - Consolidated total of all grants and contributions exceeding $25,000 40,000.00 4)Reconciliation Total of aggregate payments exceeding $25,000 paid to suppliers 84,711,449.43$ Consolidated total of payments of $25,000 or less paid to suppliers 4,899,610.75$ Consolidated total of all grants and contributions exceeding $25,000 40,000.00 Reconciling items Explanation below Total per Financial Statements, Expenditures & Expenses, Good & Services including Capita 85,967,417.00$ Variance (3,683,643.18)$ 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 50 of 50 City of Maple Ridge 11995 Haney Place Maple Ridge, BC V2X 6A9 Canada Tel: 604-463-5221 Fax: 604-467-7329