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HomeMy WebLinkAboutStatement of Financial Information 2018 City of Maple Ridge Statement of Financial Information 2018 June 18, 2019 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. Catherine Nolan, CPA, CGA Corporate Controller City of Maple Ridge - Statement of Financial Information Page 3 of 52 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 2018 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 2018 Schedule of Guarantee and Indemnity Agreements includes a list of financial guarantees and indemnity agreements in force at December 31, 2018. The list includes the names of the entities and the amount of money involved.  The 2018 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 2018. 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 2018. 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 2018 where earnings are less than the $75,000 threshold.  The 2018 Statement of Severance Agreements includes the number of severance agreements made during 2018 by the City in respect of non-union employees and the number of equivalent months gross salaries represented by these agreements.  The 2018 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 2018 exceeds $25,000. In addition, the schedule includes a total of all amounts paid to all other suppliers during 2018 where the amounts paid are less than the $25,000 threshold. City of Maple Ridge - Statement of Financial Information Page 4 of 52 City of Maple Ridge 2018 Statement of Financial Information Table of Contents Page Audited Financial Statements (including a schedule of debts) 7 Schedule of Guarantee & Indemnity Agreements 42 Schedule of Remuneration & Expenses 43 Statement of Severance Agreements 47 Schedule of Payments for the Provision of Goods & Services 48 City of Maple Ridge - Statement of Financial Information Page 5 of 52 City of Maple Ridge - Statement of Financial Information Page 6 of 52 City of Maple Ridge Financial StatementsFinancial StatementsFinancial StatementsFinancial Statements andandandand Auditor’s ReportAuditor’s ReportAuditor’s ReportAuditor’s Report For the Year Ended December 31, 2018 City of Maple Ridge - Statement of Financial Information Page 7 of 52 City of Maple Ridge - Statement of Financial Information Page 8 of 52 The information in this Annual Report is the responsibility of management. The consolidated financial statements have been prepared in accordance with Canadian Public Sector accounting guidelines as outlined under “Significant Accounting Policies”. These include some amounts based on management’s best estimates and careful judgment. Management maintains a system of internal accounting controls to provide reasonable assurance that assets are safeguarded and that transactions are authorized, recorded, and reported properly. Management also administers a program of proper business compliance. BDO Canada LLP, the Municipality’s independent auditors have audited the accompanying financial st atements. Their report accompanies this statement. Council carries out its responsibility for the consolidated financial statements jointly with its Audit 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 as well as the actions of management to implement such recommendations. Kelly Swift, MBA Trevor Thompson, BBA, CPA, CGA Acting Chief Administrative Officer Chief Financial Officer City of Maple Ridge - Statement of Financial Information Page 9 of 52 BDO Canada LLP, a Canadian limited liability partnership, is a member of BDO International Limited, a UK company limited by g uarantee, and forms part of the international BDO network of independent member firms. Independent Auditor’s Report To the Mayor and Council of the City of Maple Ridge Opinion We have audited the consolidated financial statements of the City of Maple Ridge and its controlled entities (the “City”), which comprise the consolidated Statement of Financial Position as at December 31, 2018, and the consolidated Statements of Operations, Change in Net Financial Assets and Cash Flows for the year then ended, and notes and schedules to the consolidated financial statements, comprising a summary of significant accounting policies and other explanatory information. In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the City as at December 31, 2018 and its results of operations, changes in net financial assets, and cash flows or the year then ended in accordance with Canadian public sector accounting standards. Basis for Opinion We conducted our audit in accordance with Canadian generally accepted auditing standards. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the City in accordance with the ethical requirements that are relevant to our audit of the consolidated financial statements in Canada, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements Management is responsible for the preparatio n and fair presentation of the 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. In preparing the consolidated financial statements, management is responsible for assessing the City’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the City or to cease operations, or has no realistic alternative but to do so. Those charged with governance are responsible for overseeing the City’s financial reporting process. Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Canadian generally accepted auditing standards will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial statements. City of Maple Ridge - Statement of Financial Information Page 10 of 52 As part of an audit in accordance with Canadian generally accepted auditing standards, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:  Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basi s for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.  Obtain an understanding of internal control relevant to the audit 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 City’s internal control.  Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.  Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the City’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the City to cease to continue as a going concern.  Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.  Obtain sufficient appropriate audit evidence regarding the financial info rmation of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Chartered Professional Accountants Vancouver, British Columbia May 14, 2019 City of Maple Ridge - Statement of Financial Information Page 11 of 52 This Page Left Blank Intentionally City of Maple Ridge - Statement of Financial Information Page 12 of 52 Consolidated Financial Statements Consolidated Statement of Financial Position as at December 31, 2018 2018 2017 Financial Assets Cash and cash equivalents (Note 1)$22,186,741 $27,631,877 Portfolio investments (Note 2)201,666,082 187,717,851 Accounts receivable (Note 3)15,515,417 14,663,433 Recoverable local improvements (Note 4)1,379,072 1,126,247 Other assets (Note 5)779,813 763,208 Inventory available for resale 2,459,585 3,579,094 243,986,710 235,481,710 Liabilities Accounts payable and accrued liabilities (Note 6)24,858,292 20,795,751 Deferred revenue (Note 8)15,760,504 14,198,182 Restricted revenue (Note 9)35,996,158 39,633,654 Refundable performance deposits and other 21,908,866 23,403,713 Employee future benefits (Note 10)4,662,100 4,567,300 Debt (Note 11, Schedule 4)25,822,631 28,273,707 129,008,551 130,872,307 Net Financial Assets 114,978,159 104,609,403 Non Financial Assets Tangible capital assets (Note 12, Schedule 5)1,027,400,677 976,145,224 Undeveloped land bank properties (Note 13)15,526,529 15,526,529 Supplies inventory 326,363 363,885 Prepaid expenses 471,486 1,294,624 1,043,725,055 993,330,262 Accumulated Surplus (Note 14)$1,158,703,214 $1,097,939,665 Kelly Swift, MBA Trevor Thompson, BBA, CPA, CGA Acting Chief Administrative Officer Chief Financial Officer 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 13 of 52 Consolidated Financial Statements Consolidated Statement of Operations For the year ended December 31, 2018 Actual Budget Actual 2018 2018 (Note 17) 2017 Revenue (Segment Report, Note 20) Taxes for municipal purposes (Note 15)$85,645,660 $85,708,027 $81,729,003 User fees and other revenue 42,266,363 42,042,952 42,409,361 Government transfers (Note 16)4,862,137 10,376,782 3,434,531 Development revenue 15,787,623 44,958,943 8,155,007 Interest and investment income 4,581,311 2,132,988 3,182,894 Gaming revenues 1,781,613 1,400,000 1,561,090 Refinancing and asset disposal gains (losses) (1,470,673)1,582,750 (807,330) Contributed tangible capital assets (Note 12)29,727,691 20,000,000 16,725,863 183,181,725 208,202,442 156,390,419 Expenses (Segment Report, Note 20) Protective services 37,458,755 41,638,521 38,065,340 Transportation services 19,445,582 21,485,306 19,511,458 Recreation and cultural 18,754,440 22,947,392 19,784,632 Water utility 13,787,153 15,005,613 13,305,309 Sewer utility 11,688,964 12,659,702 10,761,203 General government 15,252,598 18,449,276 15,106,167 Planning, public health and other 6,030,684 6,686,728 5,818,396 122,418,176 138,872,538 122,352,505 Annual Surplus 60,763,549 69,329,904 34,037,914 Accumulated Surplus - beginning of year 1,097,939,665 1,097,939,665 1,063,901,750 Accumulated Surplus - end of year (Note 14)$1,158,703,214 $1,167,269,569 $1,097,939,665 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 14 of 52 Consolidated Financial Statements ________________________________________________________ Consolidated Statement of Change in Net Financial Assets For the year ended December 31, 2018 Actual Budget Actual 2018 2018 (Note 17) 2017 Annual Surplus $60,763,549 $69,329,904 $34,037,914 Add (Less): Change in Tangible Capital Assets Acquisition of tangible capital assets (74,540,940)(192,854,171)(38,277,439) Amortization 21,168,109 19,780,000 20,585,216 Proceeds from disposal of tangible capital assets 183,461 1,582,750 278,424 (Gain) loss on disposal of tangible capital assets 1,933,914 (1,582,750)1,664,676 (51,255,456)(173,074,171)(15,749,123) Change in Other Non Financial Assets Decrease (increase) in supplies inventory 37,523 -(8,723) Decrease (Increase) in prepaid expenses 823,140 -(16,789) 860,663 -(25,512) Increase (decrease) in Net Financial Assets 10,368,756 $(103,744,267)18,263,279 Net Financial Assets beginning of the year 104,609,403 104,609,403 86,346,124 Net Financial Assets end of the year $114,978,159 $865,136 $104,609,403 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 15 of 52 Consolidated Financial Statements ________________________________________________________ Consolidated Statement of Cash Flow For the year ended December 31, 2018 Actual Actual 2018 2017 Operating transactions Annual surplus $60,763,549 $34,037,914 Items not utilizing cash Amortization 21,168,109 20,585,216 Loss on disposal of assets 1,470,673 807,520 Contributed tangible capital assets (29,727,691)(16,725,863) Restricted revenues recognized (14,711,412)(7,606,470) (21,800,321)(2,939,597) Change in non-cash operating items Increase in prepaid expenses 823,140 (16,789) Decrease (increase) in supplies inventory 37,523 (8,723) Decrease (increase) in accounts receivable (851,984)2,318,228 Decrease (increase) in recoverable local improvements (252,825)85,689 Decrease (increase) in other assets (16,605)16,088 Increase (decrease) in accounts payable and accrued liabilities 4,062,541 2,146,348 Increase (decrease) in deferred revenue 1,562,321 2,959,211 Increase (decrease) in refundable performance deposits (1,494,848)7,550,507 Increase (decrease) in employee future benefits 94,800 (137,401) 3,964,063 14,913,158 Cash provided by operating transactions 42,927,291 46,011,475 Capital transactions Proceeds on disposal of assets 1,766,211 1,861,174 Acquisition of tangible capital assets (44,813,249)(21,551,576) Cash applied to capital transactions (43,047,038)(19,690,402) Investing transactions Decrease (increase) in portfolio investments (13,948,231)(29,138,677) (13,948,231)(29,138,677) Financing transactions Debt repayment (2,451,076)(2,930,825) Collection of restricted revenues 11,073,918 13,838,212 Cash applied to financing transactions 8,622,842 10,907,387 Increase (decrease) in cash and cash equivalents (5,445,136)8,089,783 Cash and cash equivalents - beginning of year 27,631,877 19,542,094 Cash and cash equivalents - end of year $22,186,741 $27,631,877 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 16 of 52 Consolidated Financial Statements ___________________________________________________ Summary of Significant Accounting Policies For the year ended December 31, 2018 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)Reporting Entity and Basis of Consolidation These financial statements have been prepared in accordance with Canadian Public Sector Accounting Standards (PSAS) using guidelines developed by the Public Sector Accounting Board 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)Basis 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)Non-financial Assets Non-financial 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)Tangible Capital Assets Tangible capital assets are a special class of non-financial 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. Interest costs are not capitalized. 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 17 of 52 Consolidated Financial Statements ___________________________________________________ Natural resources, works of art and historic assets are not recorded as assets in these consolidated financial statements. (e)Liability for Contaminated Sites Contaminated sites are a result of contamination being introduced into air, soil, water or sediment of a chemical, organic or radioactive material or live organism that exceeds an environmental standard. Liabilities are recorded net of any expected recoveries. A liability for remediation of a contaminated site is recognized when a site is not in productive use and the following criteria are met: i. an environmental standard exists; ii. contamination exceeds the environmental standards; iii. the City is directly responsible or accepts responsibility; iv. it is expected that future economic benefits will be given up; and v. a reasonable estimate of the amount can be made. The liability is recognized as management's best estimate of the cost of post-remediation including operation, maintenance and monitoring that are an integreal part of the remediation strategy for a contaminated site. 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, 2018 or December 31, 2017. (f)Revenue Recognition Taxation 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 non-optional municipal services and general administrative services are recorded as taxation for municipal purposes 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 revenue Charges for sewer and water usage are recorded as user fees and other revenue. Government 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 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 City of Maple Ridge - Statement of Financial Information Page 18 of 52 Consolidated Financial Statements ___________________________________________________ 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 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 recognized as it is received. Contributed 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)Use of estimates/measurement uncertainty The preparation of financial statements in accordance with Canadian PSAS 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)Budget figures The budget figures reported in the Consolidated Financial Statements represent the 2018 component of the Financial Plan Bylaw adopted by Council on May 8, 2018. (i)Financial 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)Cash 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)Portfolio 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. City of Maple Ridge - Statement of Financial Information Page 19 of 52 Consolidated Financial Statements ___________________________________________________ (l)Basis of segmentation (Segment Report, Note 21) 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. (m)Employee 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 20) 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 20 of 52 Consolidated Financial Statements Notes to the Consolidated Financial Statements For the year ended December 31, 2018 1.Cash and cash equivalents Cash and cash equivalents as at December 31, 2018 were comprised as follows: Dec 31, 2018 Dec 31, 2017 Cash $11,960,755 $20,631,877 Cash equivalents 10,225,986 7,000,000 $22,186,741 $27,631,877 Cash equivalents are comprised of high-interest savings accounts or term deposits held at Canadian banking institutions with effective interest rates of 2.46% (1.5% - 1.9% for 2017). Additionally, the City holds cash and cash equivalents of $3,281,038 ($3,288,086 for 2017) and agreements and interest receivable of $193,474 ($215,934 for 2017) for trusts which are not reported elsewhere in the financial statements. They are held for the following trusts: Balance Dec 31, 2017 Interest Earned Receipts Disbursements Balance Dec 31, 2018 Latecomer Fees $84,835 $-$301,192 $273,641 $112,386 Cemetery Perpetual Care 1,151,604 30,859 54,418 30,859 1,206,022 Election Surplus --7,187 -7,187 Metro Vancouver Sewer & Drainage District 955,106 -637,863 1,023,886 569,083 Albion Dyking District 1,312,476 711 272,379 5,732 1,579,834 $3,504,021 $31,570 $1,273,039 $1,334,118 $3,474,512 2.Portfolio Investments Portfolio investments include Canadian bank notes and BC Credit Union term deposits with effective interest rates of 2.12% - 5.65%. 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 2018 returns were positive and ranged to 4.0%. Included in interest earnings are gains on investments sold before maturity. In 2018 gains were $Nil ($71,498 for 2017). 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, 2018 was $201,666,082 ($187,717,851 for 2017). The market value at December 31, 2018 was $201,793,693 ($187,715,380 for 2017). 3.Accounts Receivable 2018 2017 Property Taxes $5,035,959 $4,944,597 Other Governments 2,447,778 2,450,382 General and Accrued Interest 4,467,405 3,856,276 Development Cost Charges 3,645,582 3,472,935 15,596,724 14,724,190 Less: Allowance for Doubtful Accounts (81,307)(60,757) $15,515,417 $14,663,433 City of Maple Ridge - Statement of Financial Information Page 21 of 52 Consolidated Financial Statements 4. Recoverable 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.Other Assets Debt Reserve Fund: The Municipal Finance Authority of British Columbia (MFA) provides capital financing for regional districts and their member municipalities. The MFA 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 MFA 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 $779,813 ($763,208 for 2017). 6.Accounts Payable and Accrued Liabilities 2018 2017 Accounts Payable: General $10,182,695 $5,587,746 Other Governments 11,372,311 12,197,994 Salaries and Wages 1,860,221 1,701,308 23,415,227 19,487,048 Accrued Liabilities: Vacation Pay 484,008 401,134 Other Vested Benefits 959,057 907,569 1,443,065 1,308,703 $24,858,292 $20,795,751 7.Contingencies, Commitments and Unrecognized Liabilities: (a)Third Party Claims Where losses related to litigation are likely and can be reasonably estimated management accrues its best estimate of loss. For 2018 this estimate is $326,015 ($171,236 for 2017). 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 reasonably be estimated. Any ultimate settlements will be recorded in the year the settlements occur. (b)Contractual Obligations In 1998 the City entered into an agreement to purchase ice sheet time for five years commencing in 1999, with five five-year renewal options. In 2018, the agreement was renewed for an additional five-year period. The minimum annual payment due for the provision of ice time is $638,000. Additonal ice time is purchased separately. These payments are recorded as expenses when the ice time is provided. City of Maple Ridge - Statement of Financial Information Page 22 of 52 Consolidated Financial Statements (c)Unrecognized 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.Deferred Revenues Deferred revenues held by the City were comprised as follows: Prepaid Taxes Connection Revenues 2018 2017 2018 2017 Beginning balance $6,864,267 $6,437,206 $1,035,037 $724,875 Deferred during the year 14,250,434 13,645,937 1,370,294 1,026,652 Revenue recognized (13,898,578)(13,218,876)(711,286)(716,490) Ending balance $7,216,123 $6,864,267 $1,694,045 $1,035,037 Other Total Deferred Revenues 2018 2017 2018 2017 Beginning balance $6,298,878 $4,076,891 $14,198,182 $11,238,972 Deferred during the year 4,931,744 4,068,902 20,552,472 18,741,491 Revenue recognized (4,380,286)(1,846,915)(18,990,150)(15,782,281) Ending balance $6,850,336 $6,298,878 $15,760,504 $14,198,182 9.Restricted Revenues Restricted revenues held by the City were comprised as follows: Development Cost Charges Parkland Acquisition Charges 2018 2017 2018 2017 Beginning Balance $29,546,672 $26,019,028 $1,163,951 $412,027 Collections and interest 6,275,172 10,988,859 355,745 779,225 Disbursements - operating (398,474)(118,685)-- Disbursements - capital (11,598,291)(7,342,530)-(27,301) Ending Balance $23,825,079 $29,546,672 $1,519,696 $1,163,951 Other Restricted Revenues Total Restricted Revenues 2018 2017 2018 2017 Beginning Balance $8,923,031 $6,970,857 $39,633,654 $33,401,912 Collections and interest 4,443,001 2,070,128 11,073,918 13,838,212 Disbursements - operating (63,012)(54,574)(461,486)(173,259) Disbursements - capital (2,651,637)(63,380)(14,249,928)(7,433,211) Ending Balance $10,651,383 $8,923,031 $35,996,158 $39,633,654 City of Maple Ridge - Statement of Financial Information Page 23 of 52 Consolidated Financial Statements 10.Employee 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, 2018. The valuation resulted in an unamortized actuarial gain of $861,200 at December 31, 2018, (unamortized loss of $364,900 for 2017). Actuarial gains or losses are amortized over the expected average remaining service life of employees. The benefit liability at December 31, 2018 was $4,662,100, ($4,657,300 for 2017) comprised as follows: 2018 2017 Accrued benefit obligation, beginning of year $4,932,200 $5,102,900 Add:Current service costs 397,600 343,800 Interest on accrued benefit obligation 143,900 148,300 Actuarial (gain)/loss (1,192,800)- Less:Benefits paid during the year (480,000)(662,800) Accrued benefit obligation, end of year 3,800,900 4,932,200 Add (Less):Unamortized actuarial gain (loss)861,200 (364,900) Accrued benefit liability 4,662,100 4,567,300 Actuarial assumptions used to determine the City's accrued benefit obligation are as follows: 2018 2017 Discount rate (long-term borrowing rate)3.00 %2.90 % Expected future inflation rate 2.00 %2.00 % Merit and inflationary wage and salary increases averaging 2.68 %3.04 % Estimated average remaining service life of employees (years)11.0 13.0 City of Maple Ridge - Statement of Financial Information Page 24 of 52 Consolidated Financial Statements 11.Debt (Schedule 4) The City obtains debt instruments through the Municipal Finance Authority (MFA), pursuant to security issuing bylaws under authority of the Community Charter, to finance certain capital expenditures. Debt is reported net of Sinking Fund balances and interest expense is reported net of Sinking Fund earnings. The City carries no debt for others. The following debenture debt amounts plus related interest are payable over the next five years and thereafter: Debt Payments 2019 $2,172,036 2020 2,215,521 2021 2,260,235 2022 2,306,211 2023 2,353,485 Thereafter 9,899,632 Sinking Fund Contributions 4,615,511 Debt principal repayments $25,822,631 The City has the following authorized but un-issued long term debt as at December 31, 2018: L/A Bylaw L/A Amount #6558 $6,000,000 #6560 275,000 #6679 1,100,000 #7370 3,500,000 #7371 7,000,000 #7372 8,500,000 #7373 1,000,000 #7374 2,500,000 #7375 1,000,000 #7376 2,500,000 #7377 23,500,000 $56,875,000 12. Tangible Capital Assets Net book value 2018 2017 Land $234,687,064 $226,003,706 Buildings 48,668,723 44,141,166 Transportation network 226,678,102 218,934,481 Storm sewer system 215,378,001 206,751,562 Fleet and equipment 16,476,349 14,680,214 Technology 4,891,574 4,516,466 Water system 125,869,323 116,201,245 Sanitary sewer system 130,908,256 128,186,305 Other 23,843,287 16,730,081 $1,027,400,677 $976,145,224 For additional information, see the Schedule of Tangible Capital Assets (Schedule 5) During the year there were no write-downs of assets (2017 - $Nil). In addition, roads and related infrastructure, underground networks and land contributed to the City totaled $29,727,691 ($16,725,863 for 2017) and were capitalized at their fair value at the time of recognition Natural assets, works of art, artifacts, cultural and historic assets are not recorded as assets in these 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 25 of 52 Consolidated Financial Statements 13. 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 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 2017 is $1,158,703,212 ($1,097,939,665 for 2017) and is distributed as follows: 2018 2017 Operating surplus (Schedule 1)General $11,111,456 $10,011,882 Sewer 8,512,633 8,935,862 Water 13,799,283 12,840,034 33,423,372 31,787,778 Equity in the capital funds (Schedule 2)General 761,597,886 721,401,366 Sewer 132,175,506 129,423,192 Water 127,272,400 117,671,736 1,021,045,792 968,496,294 Reserves (Schedule 3)Funds 39,570,150 41,639,403 Accounts 64,663,900 56,016,190 104,234,050 97,655,593 Accumulated Surplus $1,158,703,214 $1,097,939,665 15. Property 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: 2018 2018 Budget 2017 Municipal Tax Levies $85,645,660 $85,708,027 $81,729,003 Levies for other authorities School taxes 36,281,590 34,049,403 34,552,104 Greater Vancouver Transit Authority 6,139,075 5,683,482 5,622,711 British Columbia Assessment 1,074,697 974,094 995,188 Greater Vancouver Regional District 1,131,973 937,942 958,555 Dyking Districts 648,834 523,716 616,936 Municipal Finance Authority 5,052 3,448 4,328 Total Collections for Others 45,281,221 42,172,085 42,749,822 Total Tax Levies $130,926,881 $127,880,112 $124,478,825 City of Maple Ridge - Statement of Financial Information Page 26 of 52 Consolidated Financial Statements 16.Government Transfers Government transfers recognized during the year were comprised of the following: 2018 2017 Capital Operating Capital Operating Federal Gov't $252,368 $300,941 $136,508 $353,137 Provincial Gov't 1,877,731 1,336,511 186,465 1,293,903 TransLink 176,370 790,717 116,794 1,092,910 Other 64,975 62,524 176,932 77,882 Total $2,371,444 $2,490,693 $616,699 $2,817,832 17. Budget Budget amounts represent the Financial Plan Bylaw adopted by Council on May 8, 2018. 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 Bylaw Financial Statement Budget Revenue Taxation $85,708,027 $85,708,027 User fees and other revenue 42,042,952 42,042,952 Other 60,451,463 60,451,463 Contributed subdivision infrastructure 20,000,000 20,000,000 Total Revenue 208,202,442 208,202,442 Expenses Protective services 41,638,521 41,638,521 Transportation services 21,485,306 21,485,306 Recreation and cultural 22,947,392 22,947,392 Water utility 15,005,613 15,005,613 Sewer utility 12,659,702 12,659,702 General Government 18,449,276 18,449,276 Planning, public health and other 6,686,728 6,686,728 Total expenses 138,872,538 138,872,538 Annual Surplus $69,329,904 $69,329,904 Less: Capital expenditures 192,854,157 Debt repayment 3,705,844 Add: Interfund transfers 62,913,234 Amortization 19,780,000 Borrowing proceeds 44,536,863 $- City of Maple Ridge - Statement of Financial Information Page 27 of 52 Consolidated Financial Statements 18. Expenses and Expenditures by Object Operations Capital Acquisitions 2018 Total 2018 Budget 2017 Total Goods and services $57,454,958 $43,785,048 $101,240,006 $243,935,569 $78,209,829 Wages and salaries 42,182,171 1,028,201 43,210,372 45,463,931 43,388,499 Interest 1,612,938 -1,612,938 2,547,209 1,720,537 Total 101,250,067 44,813,249 146,063,316 291,946,709 123,318,865 Amortization expenses 21,168,109 -21,168,109 19,780,000 20,585,216 Contributed tangible capital assets -29,727,691 29,727,691 20,000,000 16,725,863 Total Expenses and Expenditures $122,418,176 $74,540,940 $196,959,116 $331,726,709 $160,629,944 19.Contractual Rights (a)Contributed Tangible Capital Assets There are a number of development projects in progress throughout the City where there is a requirement for the developer to provide infrastructure to the City such as roads, sewers, sidewalks and street lighting. The fair value of the infrastructure is recognized as "contributed tangible capital assets" revenue in these consolidated financial statements when the City accepts responsibility for the infrastructure. Fair value will be determined at the time the assets are recognized. (b) Land Sale The City has entered into an agreement that will result in the phased sale of certain City lands. The City expects title to part of the lands to transfer to the purchaser in 2019 and the balance in 2020. Total proceeds of $4,000,000 will be received as title transfers. 20.Pension 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. 2017, the plan has about 197,000 active members and approximately 95,000 retired members. Active members include approximately 39,000 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. This rate may be adjusted for the amortization of any actuarial funding surplus and will be adjusted for the amortization of any unfunded actuarial liability. 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. As a result of the 2015 basic account actuarial valuation surplus and pursuant to the joint trustee agreement, $1.927 million was transferred to the rate stabilization account and $297 million of the surplus ensured the required contribution rates remained unchanged. The City of Maple Ridge paid $3,390,825 (2017 $3,436,295) for employer contributions while employees contributed $2,810,502 (2017 $2,817,284) to the plan in fiscal 2018. The next valuation will be as at December 31, 2018, with results available in 2019. Employers participating in the plan record their pension expense as 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 28 of 52 Consolidated Financial Statements 21. 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 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 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 Cultural Recreation and cultural services provides library services, access to recreation facilities and maintains and operates City parks. Water 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 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 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 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. Unallocated Unallocated includes revenues that cannot be directly attributed to the activities of an identified functional segment. City of Maple Ridge - Statement of Financial Information Page 29 of 52 Consolidated Financial Statements Segment Report Consolidated Report of Segmented Revenue and Expenses For the year ended December 31, 2018 Protective Services Transportation Services Recreation and Cultural Water Utility Sewer Utility Revenue Tax revenue $-$-$-$137,361 $930,720 Other revenues 5,653,157 713,830 2,380,903 17,325,475 10,372,738 Government transfers 98,964 2,974,378 446,996 -(33,455) Development revenue 11,626 3,954,011 4,470,332 6,762,719 241,912 Interest and investment income ----- Gaming Revenues Refinancing & asset disposal gain(loss)(35,049)(488,126)(49,026)(195,739)(955,394) Contributed infrastructure -17,205,804 4,905,240 2,085,378 5,531,269 Total Revenue 5,728,698 24,359,897 12,154,445 26,115,194 16,087,790 Expenses Operating: Goods and services 20,322,507 2,898,095 8,600,731 10,038,281 8,415,472 Labour 15,754,262 5,647,266 7,174,115 1,528,836 654,537 Debt Servicing 10,947 -787,719 -- Sub total 36,087,716 8,545,361 16,562,565 11,567,117 9,070,009 Amortization 1,371,039 10,900,221 2,191,875 2,220,036 2,618,955 Total Expenses 37,458,755 19,445,582 18,754,440 13,787,153 11,688,964 Excess (deficiency) of revenue over expenses $(31,730,057)$4,914,315 $(6,599,995)$12,328,041 $4,398,826 City of Maple Ridge - Statement of Financial Information Page 30 of 52 Consolidated Financial Statements General Government Commercial Tower Planning Public Health & Other Unallocated Total 2018 Actual Total Budget Total 2017 Actual $-$-$2,086,764 $82,490,815 $85,645,660 $85,708,027 $81,729,003 1,771,562 1,595,753 2,452,945 -42,266,363 42,042,952 42,409,361 926,680 -448,574 -4,862,137 10,376,782 3,434,531 271,409 -75,613 -15,787,622 44,958,943 8,155,007 ---4,581,311 4,581,311 2,132,988 3,182,894 1,781,613 1,781,613 1,400,000 1,561,090 (211,639)-1,059 463,241 (1,470,673)1,582,750 (807,330) ----29,727,691 20,000,000 16,725,863 2,758,012 1,595,753 5,064,955 89,316,980 183,181,724 208,202,442 156,390,419 3,592,479 566,812 3,020,581 -57,454,958 71,081,398 57,540,668 8,649,951 -2,773,204 -42,182,171 45,463,931 42,506,084 253,131 509,112 52,029 -1,612,938 2,547,209 1,720,537 12,495,561 1,075,924 5,845,814 -101,250,067 119,092,538 101,767,289 1,681,113 -184,870 -21,168,109 19,780,000 20,585,216 14,176,674 1,075,924 6,030,684 -122,418,176 138,872,538 122,352,505 $(11,418,662)$519,829 $(965,729)$89,316,980 $60,763,548 $69,329,904 $34,037,914 City of Maple Ridge - Statement of Financial Information Page 31 of 52 Consolidated Financial Statements Schedule 1 Schedule of Change in Operating Accumulated Surplus For the year ended December 31, 2018 Actual 2018 Budget 2018 Actual 2017 Revenue Taxes for municipal purposes $85,645,660 $85,708,027 $81,729,003 User fees and other revenues 42,266,363 42,042,952 42,409,361 Government transfers 2,490,693 2,874,996 2,817,832 Development Revenue 949,219 (5,139,894)612,917 Interest and investment income 3,373,244 1,587,988 2,334,227 Gaming revenues 1,781,613 1,400,000 1,561,090 Refinancing and other gains 1,766,211 1,582,750 1,861,363 138,273,003 130,056,819 133,325,793 Expenses Protective services 36,087,716 40,288,521 36,729,698 Transportation services 8,545,361 11,525,306 9,044,403 Recreation and cultural 16,562,565 20,737,392 17,526,934 Water utilities 11,567,117 12,985,613 11,193,201 Sewer utilities 9,070,009 10,269,702 8,254,257 General government 13,571,485 16,859,276 13,422,981 Public and environmental health 5,845,814 6,426,728 5,595,815 101,250,067 119,092,538 101,767,289 Annual Surplus 37,022,936 10,964,281 31,558,504 Internal transfers Transfers to capital funds (6,041,110)(13,934,852)(6,317,213) Transfers to reserves (29,346,232)(5,581,927)(22,179,779) Increase (decrease) in operating accumulated surplus 1,635,595 (8,552,498)3,061,512 Operating accumulated surplus-beginning of year 31,787,778 31,787,778 28,726,266 Operating accumulated surplus-end of year (Note 14)$33,423,372 $23,235,280 $31,787,778 City of Maple Ridge - Statement of Financial Information Page 32 of 52 Consolidated Financial Statements Schedule 2 Schedule of Change in Capital Funds For the year ended December 31, 2018 Actual Budget Actual 2018 2018 2017 Revenue Subdivision infrastructure contributions $29,727,691 $20,000,000 $16,725,863 Government transfers 2,371,444 7,501,786 616,699 Development fees 13,680,732 47,134,032 7,412,371 Other capital contributions 1,157,672 2,964,805 129,719 Disposal of assets (3,236,884)-(2,668,693) Total Revenue 43,700,655 77,600,623 22,215,959 Expenses Amortization 21,168,109 19,780,000 20,585,216 Total Expenses 21,168,109 19,780,000 20,585,216 Annual Surplus 22,532,546 57,820,623 1,630,743 Internal Transfers Transfers from revenue funds 6,041,110 13,934,852 6,317,213 Transfers from reserves 23,975,842 66,837,678 10,013,587 Increase in capital funds 52,549,498 138,593,153 17,961,543 Capital funds - beginning of the year 968,496,294 968,496,294 950,534,751 Capital funds - end of the year (Note 14)$1,021,045,792 $1,107,089,447 $968,496,294 City of Maple Ridge - Statement of Financial Information Page 33 of 52 Consolidated Financial Statements Schedule 3 Schedule of Change in Reserves For the year ended December 31, 2018 Actual 2018 Budget 2018 Actual 2017 Revenue and Transfers Revenue Interest and investment income $1,208,067 $545,000 $848,667 Add (less) Internal transfers Transfers from revenue funds 29,346,232 5,581,927 22,179,779 Transfers to capital funds (23,975,842)(66,837,678)(10,013,587) Increase (decrease) in Reserved Accumulated Surplus 6,578,457 (60,710,751)13,014,859 Reserved Accumulated Surplus - Beginning of the Year 97,655,593 97,655,593 84,640,735 Reserved Accumulated Surplus - End of Year (Note 14)$104,234,050 $36,944,842 $97,655,593 City of Maple Ridge - Statement of Financial Information Page 34 of 52 This Page Left Blank Intentionally City of Maple Ridge - Statement of Financial Information Page 35 of 52 Consolidated Financial Statements Schedule 4 Continuity Schedule of Debenture Debt For the Year Ended December 31, 2018 Date of Issue/Maturity Bylaw/MFA Function/Purpose Interest Rate Long Term Debts Apr 2005/2027 6246/93 Recreation/Downtown Civic Properties %5.7 Apr 2005/2027 6246/93 General Government/Downtown Office Complex %5.7 Dec 2006/2026 6246/99 General Government/Downtown Office Complex %5.0 Oct 2012/2027 6560/121 Protective Services/Animal Shelter %2.9 Oct 2012/2037 6559/121 Public Health/Cemetery Expansion %2.9 Oct 2012/2037 6679/121 Public Health/Cemetery Expansion %2.9 Subtotal LESS: Sinking Funds Dec 2006/2026 6246/99 General Government/Downtown Office Complex %5.0 Oct 2012/2027 6560/121 Protective Services/Animal Shelter %2.9 Oct 2012/2037 6559/121 Public Health/Cemetery Expansion %2.9 Oct 2012/2037 6679/121 Public Health/Cemetery Expansion %2.9 Subtotal Net Amount City of Maple Ridge - Statement of Financial Information Page 36 of 52 Consolidated Financial Statements Dec 31, 2017 Balance Outstanding New Debt Issued During the year Principal/ Sinking Fund Payments Sinking Fund Earnings 2018 Balance Outstanding Interest Paid/ Earned For The Year $14,957,815 $-$1,315,433 $-$13,642,382 $787,720 2,074,345 -182,409 -1,891,936 109,231 16,300,000 ---16,300,000 811,142 625,000 ---625,000 18,075 1,520,000 ---1,520,000 43,959 700,000 ---700,000 20,244 36,177,160 -1,497,842 -34,679,318 1,790,371 7,441,254 -547,382 302,029 8,290,665 302,029 170,691 -31,213 7,129 209,033 7,129 199,591 -36,498 8,336 244,425 8,336 91,917 -16,808 3,839 112,564 3,839 7,903,453 -631,901 321,333 8,856,687 321,333 $28,273,707 $ -$2,129,743 $321,333 $25,822,631 $1,469,038 City of Maple Ridge - Statement of Financial Information Page 37 of 52 Consolidated Financial Statements Schedule 5 Schedule of Tangible Capital Assets For the year ended December 31, 2018 Land2 Building Transportation Network Storm System Historical Cost 1 Opening cost $226,003,706 $93,136,418 $338,637,087 $269,115,241 Additions 8,683,358 7,357,354 14,701,053 12,496,463 Disposals -(439,255)(1,568,641)(152,939) 234,687,064 100,054,517 351,769,499 281,458,765 Accumulated Amortization Opening balance -48,995,252 119,702,606 62,363,679 Amortization expense -2,649,485 6,588,267 3,753,290 Effect of disposals -(258,943)(1,199,476)(36,205) -51,385,794 125,091,397 66,080,764 Net Book Value as at December 31, 2018 $234,687,064 $48,668,723 $226,678,102 $215,378,001 Net Book Value as at December 31, 2017 $226,003,707 $44,141,165 $218,934,481 $206,751,562 1 Historical cost includes work in progress at December 31, 2018 of $28,815,386 ($5,004,065 for 2017) comprised of: Land $49,572 ($34,081 for 2017); Buildings $7,420,131 ($771,438 for 2017); Transportation network $8,780,007 ($987,757 for 2017); Storm system $39,145 ($1,479for 2017); Fleet and equipment $152,645 ($32,836 for 2017); Technology $72,607 ($27,900 for 2017); Water system $9,619,524 ($1,355,848 for 2017); Sanitary system $626,208 ($238,912 for 2017); and Other $2,055,548 ($1,553,814 for 2017). Work in progress is not amortized. 2 Additions to land are net of $-Nil ($-Nil for 2016) of land reclassified to inventory available for sale. 3 "Other" at net book value includes Furniture and Fixtures at $574,211 ($561,343 for 2017) and structures at $23,269,078 ($16,168,739 for 2017) City of Maple Ridge - Statement of Financial Information Page 38 of 52 Consolidated Financial Statements Fleet and Equipment Technology Water System Sanitary System Other3 Total $29,223,658 $11,468,318 $151,414,708 $174,716,785 $33,000,412 $1,326,716,331 3,566,003 1,341,171 11,986,589 6,294,102 8,114,844 74,540,937 (988,724)(750,627)(383,543)(1,228,982)(774,730)(6,287,441) 31,800,937 12,058,862 163,017,754 179,781,905 40,340,526 1,394,969,827 14,543,444 6,951,852 35,213,463 46,530,480 16,270,331 350,571,107 1,612,567 925,055 2,115,772 2,579,591 944,082 21,168,109 (831,423)(709,619)(180,804)(236,422)(717,174)(4,170,066) 15,324,588 7,167,288 37,148,431 48,873,649 16,497,239 367,569,150 $16,476,349 $4,891,574 $125,869,323 $130,908,256 $23,843,287 $1,027,400,677 $14,680,214 $4,516,466 $116,201,245 $128,186,305 $16,730,083 $976,145,226 City of Maple Ridge - Statement of Financial Information Page 39 of 52 Consolidated Financial Statements ________________________________________________________ Schedule 6 Continuity Schedule of Reserves For the year ended December 31, 2018 Balance Dec, 31, 2017 Interest Allocated Reserve Funds Local Improvements $2,583,883 $25,170 Equipment Replacement 15,955,119 286,809 Capital Works 11,286,556 184,023 Fire Department Capital Acquisition 9,848,751 184,284 Sanitary Sewer 1,657,981 27,975 Land 307,113 5,513 Total Reserve Funds 41,639,403 713,774 Reserve Accounts Specific Projects - Capital 10,931,005 - Specific Projects - Operating 7,966,840 - Self Insurance 876,550 17,225 Police Services 7,514,810 133,526 Core Development 1,983,902 36,652 Recycling 2,570,240 49,662 Community Safety Initiatives -- Building Inspections 3,333,243 59,835 Gravel Extraction 797,583 14,530 Community Works (Gas Tax)257,440 - Facility Maintenance 2,883,355 62,673 Snow Removal 850,061 - Park & Recreation Improvements -- Cemetery Maintenance 243,486 - Infrastructure Sustainability (Town Centre Buildings)475,738 - Infrastructure Sustainability (Road Network)2,570,378 57,736 Infrastructure Sustainability (Drainage)1,491,014 31,689 Drainage Improvements 1,135,223 27,445 Critical Infrastructure 195,927 3,320 Infrastructure Grants Contribution 3,557 - Gaming Revenues 2,042,880 - Self Insurance (sewer utility)147,881 - Self Insurance (water utility)126,236 - Specific Projects (sewer utility)3,079,749 - Specific Projects (water utility)4,539,092 - Total Reserve Accounts 56,016,190 494,293 Total Reserves $97,655,593 $1,208,067 City of Maple Ridge - Statement of Financial Information Page 40 of 52 Transfers Revenue Funds Transfers Capital Funds Balance Dec 31, 2018 $-$-$2,609,053 3,096,652 (3,395,413)15,943,167 4,568,410 (7,245,887)8,793,102 1,613,452 (1,261,064)10,385,423 -(159,177)1,526,779 --312,626 9,278,514 (12,061,541)39,570,150 2,975,112 (2,208,871)11,697,246 (1,879,431)(70,000)6,017,409 (10,311)-883,464 1,952,287 (56,017)9,544,606 213,615 (227,124)2,007,045 388,247 (46,574)2,961,575 1,600,000 -1,600,000 --3,393,078 (2,087)-810,026 293,940 (149,858)401,522 534,853 (1,638,954)1,841,927 --850,061 1,943,482 -1,943,482 (13,389)(18,207)211,890 83,636 (65,554)493,820 3,333,548 (2,999,967)2,961,695 792,989 (671,669)1,644,023 1,118,034 (617,687)1,663,015 -(68,176)131,071 (3,557)-- 823,672 (731,504)2,135,048 6,504 -154,385 6,504 -132,740 2,432,879 (325,308)5,187,320 3,477,191 (2,018,831)5,997,452 20,067,718 (11,914,301)64,663,900 $29,346,232 $(23,975,842)$104,234,050 City of Maple Ridge - Statement of Financial Information Page 41 of 52 "This organization has no guarantees or indemnities under the Guarantees and Indemnities Regulation." City of Maple RidgeCity of Maple RidgeCity of Maple RidgeCity of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Schedule of Guarantee and Indemnity AgreementsSchedule of Guarantee and Indemnity AgreementsSchedule of Guarantee and Indemnity AgreementsSchedule of Guarantee and Indemnity Agreements for 2018for 2018for 2018for 2018 Prepared pursuant to the Financial Information Regulation, Schedule 1, Section 1 (1) (d) City of Maple Ridge - Statement of Financial Information Page 42 of 52 1 Elected Officials Name Position Remuneration Benefits Expenses Bell, Corisa Councillor 38,531.17$ 7,635.90$ 4,952.07$ Dueck, Judy Councillor 4,614.07 524.29$ 161.85 Duncan, Kiersten Councillor 44,022.52 6,900.59 2,914.57 Masse, Robert Councillor 38,923.74 6,274.92 20.00 Meadus, Chelsa Councillor 4,614.07 688.55 161.85 Morden, Mike Mayor 11,548.96 862.39 161.85 Read, Nicole Mayor 91,441.70 9,779.37 671.37 Robson, Gordy Councillor 45,952.82 5,279.65 298.37 Shymkiw, Tyler Councillor 39,722.01 8,108.12 159.22 Speirs, Craig Councillor 39,718.11 1,263.90 6,337.86 Svendsen, Ryan Councillor 4,614.07 159.31 101.85 Yousef, Ahmed Councillor 4,614.07 688.55 161.85 Total All Elected Officials 368,317.31$ 48,165.54$ 16,102.71$ 2 Employees Name Job Title Remuneration Expenses Alijani, Arash Site Grading Technologist 76,754.39 - Andre, Colin Network Analyst 84,242.93 529.60 Armour, Douglas Assistant Fire Chief - Prevention & Operations *142,318.24 1,383.95 Armstrong, Fred Manager of Corporate Communications *125,093.90 626.67 Baird, Kathryn Coordinator - Volunteer & Special Events 80,180.13 1,813.42 Balatti, Christa Manager of Health and Wellness *120,405.13 3,292.73 Barrett, Kevin Fire Fighter 124,287.35 - Baski, Michelle Planner 2 92,383.01 382.71 Baski, Sebastian Fire Fighter 113,359.07 - Bayley, Christopher Fire Captain 133,059.05 - Bean, Joshua Fire Fighter 115,604.98 - Benson, Laura Director of Corporate Administration *129,640.63 4,533.12 Bevilacqua, Jim Fire Captain 142,284.58 - Bhandari, Anita Manager of Health Safety and Employee Development *121,351.06 2,600.83 Billard, Aaron Parks Operation Supervisor-Horticulture Arborculture Sports Field 83,537.21 943.25 Bitcon, Stan Supervisor 2 Engineering Operations 80,759.77 705.16 Boag, David Director of Parks & Facilities *159,686.11 541.89 Boehmer, Jeffrey Manager of Construction and Design *133,916.11 1,503.65 Bonderud, Edward Fire Fighter 100,020.42 120.00 Bonifazi, Marco Fire Fighter 106,965.01 - Bruce, Robert Fire Fighter 109,650.17 - Brummer, Russell Manager of Business Operations *92,750.69 514.82 Carmichael, Rhys Fire Fighter 102,403.07 - Carter, Christine Director of Planning *160,356.09 1,465.10 Chan, Chee F. Planner 1 84,231.01 526.86 Christensen, Robert Fire Captain 134,789.04 150.00 Christiansen, Mark Tradesperson 2 - Carpenter 78,881.20 531.05 Christianson, Paula Supervisor 2 Horticulture 75,369.20 1,052.64 Chui, Yvonne Recreation Manager of Arts & Community Connections *119,992.90 2,755.33 Cillis, Paul Engineering Inspector 3 88,093.00 831.57 Clelland, James Assistant Fire Chief - Prevention & Emergency Program 118,739.14 562.65 Collard, Shaun Fire Fighter 102,861.62 - Collette, Michelle Environmental Technician 76,009.50 2,008.29 Cooke, David Manager of Business Solutions *115,097.99 2,962.19 Cooper, Wendy A. Senior Planning Technician 82,579.34 526.86 Cote, Glen Supervisor 2 Turf 75,382.88 839.38 Cote-Rolvink, Stephen Chief Building Officer *141,804.77 2,725.10 Cotroneo, Tony Recreation Manager of Youth and Neighbourhood Services * **120,298.83 2,607.70 Cotter, Steve Fire Fighter 107,458.91 - Crabtree, Christina Chief Information Officer *150,808.19 2,441.53 Cramb, Donald B. Senior Recreation Manager * **150,116.57 515.67 Crapo, Ryan Tradesperson 2 Electrical 88,764.27 785.82 Cummings, Travis Fire Fighter 102,115.85 - Dale, Cindy Executive Assistant *80,484.49 22.28 Davis, Craig Fire Fighter 122,005.78 - Davis, Jeffery Fire Fighter 107,712.20 350.19 Delmonico, Jordan Fire Fighter 99,395.63 - Denton, Darrell Property & Risk Manager *111,663.07 946.41 City of Maple Ridge Financial Information Act Schedule Showing the Remuneration and Expenses Paid to or on Behalf of Each Employee for 2018 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 52 City of Maple Ridge Financial Information Act Schedule Showing the Remuneration and Expenses Paid to or on Behalf of Each Employee for 2018 Dingwall, William J. Manager of Utility Engineering *134,066.13 - Dipalo, David J. Tradesperson 2 - Mechanic 79,765.40 28.00 Dorrell, Robert Trades Supervisor 95,670.02 67.00 Douglas, Ana Payroll Coordinator *78,926.48 55.63 Dyer, Robert Trades Inspector 82,646.46 2,210.55 East, Robert Tradesperson 2 - Carpenter 78,953.21 582.14 Elliott, Brent Manager of Community Planning *134,573.89 2,911.51 Eng, Michael Traffic & Transportation Technician 90,749.19 2,114.45 Ettinger, Glenn Fire Fighter 119,657.81 48.00 Exner, Howard Fire Chief *153,677.77 2,588.84 Forsyth, Janice Coordinator - Aquatics 81,180.93 1,928.55 Foster, Mary Fire Lieutenant 113,044.53 - Franklin, Steven Fire Captain 130,259.30 30.00 Frederick, Petra Coordinator - Leisure Access 79,873.60 543.71 Friesen, Jesse Fire Fighter 106,915.94 200.00 Gailling, Bruce Electronics Technician 78,104.82 1,013.49 Gaudette, Christopher Fire Fighter 103,748.65 115.00 Gill, Paul Chief Administrative Officer * **275,136.93 5,987.65 Gjaltema, Michael Manager of Electro Mechanical *110,079.78 1,045.00 Glasgow, Ian Fire Fighter 80,961.29 - Goddard, Charles Manager of Development & Environmental Services *146,703.48 750.75 Gordon, Thomas Engineering Technologist 1 79,209.90 345.00 Gratzer, Franz Supervisor 3 Engineering Operations 93,083.53 3,334.33 Grochowich, Amanda R. Planner 1 82,183.91 943.14 Guerra, Maria Senior Project Engineer *121,233.31 3,516.16 Guy, Ronald Engineering Inspector 3 86,868.00 911.76 Hall, Diane Planner 2 98,108.47 526.86 Hampton, Warren Fire Fighter 104,634.88 28.00 Hansen, Damon Fire Fighter 101,968.39 350.19 Harcus, David Fire Captain 131,199.82 - Haydu, John Fire Fighter 128,804.80 110.00 Hewson, Glen Trades Inspector 87,664.05 945.22 Honarmand, Shahrzad Engineering Technologist - Projects 80,478.21 1,212.73 Hopper, Clinton Fire Fighter 108,353.00 - Howe, Steven Fire Fighter 96,588.20 - Irani, Purvez Manager of Transportation *76,791.60 611.53 Irwin, George Supervisor Mapping and Drafting 86,089.15 - Jonat, Cameron Fire Fighter 115,420.90 9.64 Jones, Maureen Senior Manager of Police Services * **128,914.51 641.67 Juurakko, Timo Assistant Fire Chief - Community and Admin Services *146,339.55 902.42 Kabanov, Andrey Fire Fighter 105,691.56 115.00 Kane, Sian Coordinator - Licences and Permits 87,327.26 571.03 Kelleher, Jonathan T. Fire Fighter 93,018.01 - Kelly, Paul Electrical Inspector 1 90,562.54 677.96 King, Frances Director of Human Resources *170,614.91 2,062.24 Kopystynski, Adrian Planner 2 103,240.67 1,026.98 Kovach, Natalie Business Systems Analyst 95,459.48 513.05 Lackner, Andrew Engineering Technologist - Projects 84,180.78 2,376.33 Lane, Kelly Building Inspector 1 78,469.70 1,343.33 L'Arrivee, Michael Building Inspector 1 96,771.48 2,913.95 Laxton, Shannon Accountant 3 79,209.91 1,655.95 Lee, Chin-Kuan Manager of Revenue & Collections 99,019.32 1,244.53 Lee, Joo Young Business Systems Analyst 89,899.94 546.40 Livingstone, Bruce Business Retention & Expansion Officer 83,370.80 2,993.98 Lowe, Derek A. Fire Fighter 76,716.58 9.63 Macdonald, Robert Fire Fighter 106,252.56 28.00 MacNair, Robin Senior Advisor Bylaw & Licencing Services *100,614.93 435.06 Mah, Edwin Building Inspector 1 95,389.05 1,641.95 Marfleet, William Fire Fighter 98,614.41 - Matthewson-Schober, Shawn Social Planning Analyst **79,707.38 - McAusland, Andrew S. Facilities Operations Supervisor 84,089.56 574.08 McCurry, Aaron Supervisor 2 Engineering Operations 91,938.03 644.57 McDougall, Malcolm Parks Operation Supervisor-Horticulture Arborculture Sports Field 83,660.36 3,612.71 McIntosh, Nicolas A. Tradesperson 2 Electrical 79,038.53 550.51 McKee, Christopher J. Fire Lieutenant 121,582.55 - McLeod, Kirk Engineering Inspector 2 80,926.00 1,430.39 Melvin, Paula Executive Assitant - RCMP *75,025.28 256.80 Messam, Brent R. Engineering Technologist 1 91,171.26 3,484.51 Michaud, Dayne C. Fire Fighter 96,759.24 - Middleton, Christopher Tradesperson 2 - Mechanic 81,923.05 110.00 Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (e) and Section 6 (2) (a-d), (3) and (6) City of Maple Ridge - Statement of Financial Information Page 44 of 52 City of Maple Ridge Financial Information Act Schedule Showing the Remuneration and Expenses Paid to or on Behalf of Each Employee for 2018 Mikes, Daniela Manager of Procurement *119,992.90 5,447.56 Millward, Michael Facilities Operations Manager *125,260.12 1,445.72 Moerman, Andrew Electrical Inspector 1 92,435.90 293.44 Moore, Kelly Fire Captain 129,434.64 29.64 Morin, Eric Engineering Technologist 1 78,511.51 1,084.51 Myers, Mikaela Marketing and Communications Coordinator 82,068.35 1,572.30 Nagra, Dhaminder Human Resources Advisor *89,494.20 571.60 Nairn, Cale Tradesperson 2 Electrical 85,028.71 597.00 Narayan, Sureshwar Senior Analyst Programmer 104,118.50 5,175.06 Neufeld, Chad Park Planning Technician 80,722.00 1,195.48 Nikula, Matthew Fire Fighter 109,655.91 - Nolan, Catherine Corporate Controller *139,367.05 2,618.66 Ogilvie, Ralph Fire Fighter 102,642.56 - Oleschak, Walter Superintendent Roads and Fleet *128,489.16 4,214.65 Ollenberger, Rachel M. Engineering Technologist 1 88,199.97 345.00 Ozeroff, William Manager of Permit Services *92,163.04 2,828.37 Patel, Brian Coordinator - Core Area 82,113.56 780.98 Perkin, Kevin Fire Captain 117,400.75 125.00 Pollock, David Municipal Engineer *160,956.44 2,984.51 Pope, Danielle Director of Recreation *130,297.25 2,530.48 Porter, Gary Fire Training Officer 142,518.24 1,827.01 Pym, Mike Environmental Planner 1 84,791.01 1,168.98 Quinn, Frank General Manager, Public Works & Dev Serv.* **319,868.58 1,727.67 Ramsay, Devin Fire Fighter 108,308.31 20.00 Ramsay, Robert Fire Captain 133,444.62 - Richmond, Valoree Manager of Parks Planning & Operations *111,448.53 3,141.70 Rieu, Adam Planning Technician 76,234.51 2,044.13 Rutledge, Silvia Revenue and Collection Specialist * **143,895.56 - Salsbury, Scott A. Superintendent Sewerworks *116,199.06 3,588.35 Schmidt, Kristofer Water Maintenance Worker 80,266.52 70.00 Schramm, Aaron Supervisor 3 Engineering Operations 89,869.30 598.61 Schurer, Oliver Business Systems Analyst 101,424.17 581.08 Schwaiger, Harry Building Inspector 1 78,123.18 625.45 Serediuk, Sean Manager of Infrastructure and Security Services * *118,474.06 6,528.65 Seward, Adam Fire Lieutenant 124,837.94 - Siracusa, Lino Director of Economic Development & Civic Properties *134,128.97 10,734.71 Slevin, Darlene Coordinator - Volunteer & Special Events 75,501.84 554.59 Smitton, Mark Assistant Fire Chief - Fire Prevention & Communications **104,054.04 581.76 Snow, Roy Fire Lieutenant 133,362.60 - Speers, David Coordinator - Health & Wellness 79,997.18 3,268.74 Stetin, Velimir Engineering Technologist - Projects 82,760.56 1,250.23 Stewart, Michael Fire Fighter 144,424.94 - Storey, James Director of Engineering Operations *149,825.54 3,922.22 Stott, Rodney Environmental Planner 2 97,705.30 639.66 Stripp, Mitchell Supervisor Electrical Mechanical 111,771.69 1,606.05 Swift, Kelly General Manager, Parks, Recreation & Culture *232,624.71 1,244.41 Szostek, Gail Enviromental Coordinator 84,791.00 1,969.17 Taylor, Adam Fire Fighter 103,909.62 - Thind, Amandeep Network Support Specialist 88,895.08 741.84 Thompson, Trevor Chief Financial Officer *129,002.02 4,004.87 Tieu, Tran T. Mapping & Graphics Technician 78,049.77 527.00 Todd, Thomas Supervisor 3 Engineering Operations 96,357.92 678.76 Ulrich, Cynthia Manager of Compensation * **108,415.85 982.33 Van Dop, Michael J. Deputy Fire Chief *153,931.42 2,076.23 Vanderjagt, Ryan Fire Fighter 110,448.82 - Varcoe, Thomas Supervisor 2 Engineering Operations 78,169.33 575.96 Veasey, Daryl Meter Maintenance Worker 75,317.35 300.69 Veltin, George Tradesperson 2 Mechanic 81,006.12 224.42 Vinje, Brock Fire Fighter 127,508.93 125.00 Vinje, Bryan Assistant Fire Chief - Training and Safety *139,537.55 9,173.15 Virs, Nicholas Fire Fighter 100,270.61 - Walsh, Nichole Purchasing Supervisor 80,709.03 4,357.31 Wetherill, Michelle Manager of Human Resources *120,496.71 997.09 Wicklund, Everett Supervisor 2 Engineering Operations 78,711.54 1,366.93 Williamson, Dustin H. Fire Fighter 86,023.70 57.00 Wilson, Davin Superintendent of Waterworks *113,860.80 3,244.52 Wing, Graham Fire Fighter 103,318.36 9.64 Zezchuk, Edward Trades Inspector 82,035.36 1,060.12 Zosiak, Lisa Planner 2 97,894.27 1,850.47 Subtotal 20,007,414.04$ 225,412.74$ 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 45 of 52 City of Maple Ridge Financial Information Act Schedule Showing the Remuneration and Expenses Paid to or on Behalf of Each Employee for 2018 Consolidated total of employees with remuneration less than $75,000 15,886,528.15 85,595.79 Total All Employees 35,893,942.19$ 311,008.53$ 3 Reconciliation Total remuneration Elected Officials 368,317.31 1,123,063.87 Other Employees 35,893,942.19 Subtotal 36,262,259.50$ Other reconciling Items CPP 1,123,063.87$ Employer portion of: EI 490,553.20 Accruals (151,134.27) WCB 393,257.81 Pension 3,390,825.00 Other employer costs 1,701,546.89 (Medical, Dental, etc.) Wages & Salaries per Consolidated Financial Statements,43,210,372$ Annual Report, Page 53 * Remuneration includes the effect of retroactive 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 46 of 52 There were no severance agreements under which payment commenced between the City of Maple Ridge and nonunionized employees during the fiscal year 2018 City of Maple RidgeCity of Maple RidgeCity of Maple RidgeCity of Maple Ridge Statement of Severance Agreements for 2018Statement of Severance Agreements for 2018Statement of Severance Agreements for 2018Statement of Severance Agreements for 2018 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 47 of 52 1)1)1)1) Alphabetical list of suppliers who received aggregate payments exceeding $25,000Alphabetical list of suppliers who received aggregate payments exceeding $25,000Alphabetical list of suppliers who received aggregate payments exceeding $25,000Alphabetical list of suppliers who received aggregate payments exceeding $25,000 Supplier NameSupplier NameSupplier NameSupplier Name Aggregate amount Aggregate amount Aggregate amount Aggregate amount paid to supplier paid to supplier paid to supplier paid to supplier 0946235 BC Ltd $138,757.50 A & A Testing Ltd $206,900.81 Accent Glass & Locksmith $36,584.11 ADS LLC $26,419.03 AECOM Canada Ltd $59,027.84 Alouette River Management Society $68,465.40 Andrew Sheret Ltd $153,165.27 AON Hewitt Inc $35,350.00 Aplin & Martin Consultants Ltd $341,701.56 Aqua Silva Resource Management $28,909.97 Associated Engineering (BC) Ltd $350,908.28 Astroturf West Distributor Ltd $493,500.00 ATS Traffic $25,466.29 AW Fire Guard & Supplies Ltd $30,030.68 BA Blacktop $3,485,205.00 Badger Daylighting LP $236,788.40 Bartle & Gibson Co Ltd $105,350.69 BC Hydro $1,923,496.01 BC Institute Of Technology $61,095.73 BC Road Safe Inc $147,039.49 BC SPCA $291,903.30 BDO Canada LLP $46,760.15 Black Press Group Ltd $74,717.63 Blue Pine Enterprises Ltd $68,349.75 Bob's A=Z Rentals Ltd $29,965.09 Boileau Electric & Pole Ltd $316,554.58 Braun Geotechnical Ltd $40,183.30 C3 Mainline Inspections Inc $33,650.67 Cambie Roofing $48,395.14 Canada Pipe Company Ltd $78,542.82 Canadian Pacific Railway $42,221.56 Canstar Restorations $34,007.62 CDW Canada Inc $43,555.05 Cedar Crest Lands (BC) Ltd $4,715,153.96 Chairlines $39,606.56 Chandos Construction Ltd $3,720,394.95 Citrix Systems Inc $30,081.50 City of Pitt Meadows $230,046.72 CLCS Ltd $117,344.51 Coastal Training Consultants $25,777.50 Cobing Building Solutions $300,835.25 Co=Pilot Industries Ltd $77,460.82 Corix Control Solutions $50,888.99 Corix Water Products $71,471.15 Corporate Express Canada Inc $97,260.92 Craven Huston $531,165.83 Creative Transportation $52,741.51 CSDC Systems Inc $84,074.69 Cummins Western Canada $48,785.04 Dams Ford Lincoln Sales Ltd $113,746.11 DMD & Associates Ltd $51,218.20 Double Gold Holdings Ltd & Lycan, Joel & Lycan, Michelle $85,000.00 Double M Excavating Ltd $152,032.58 Dougness Holdings Ltd $123,313.76 Drake Excavating $1,971,684.70 Eagle West Crane & Rigging $48,916.39 City of Maple RidgeCity of Maple RidgeCity of Maple RidgeCity of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision of Goods or Services for 2018of Goods or Services for 2018of Goods or Services for 2018of Goods or Services for 2018 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 52 City of Maple RidgeCity of Maple RidgeCity of Maple RidgeCity of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision of Goods or Services for 2018of Goods or Services for 2018of Goods or Services for 2018of Goods or Services for 2018 Supplier NameSupplier NameSupplier NameSupplier Name Aggregate amount Aggregate amount Aggregate amount Aggregate amount paid to supplier paid to supplier paid to supplier paid to supplier Eaves Motor Sales Ltd $139,143.20 EMCO Corporation $40,798.51 Emergency Communications For British Columbia Inc $1,087,195.00 Empire Signworks Inc $41,418.90 ESRI Canada Limited $77,058.90 Falcon Equipment Ltd $128,000.64 Finning International Inc $410,377.49 First Truck Centre $26,713.38 Fitness Edge $288,266.24 Fleet Services Installation Inc $65,725.78 Flocor Inc $28,061.40 Floris, David & Maureen $117,659.15 Fortis BC Energy Inc $147,777.53 Fraser City Installations Ltd $39,086.27 Fraser Valley Regional Library $2,853,488.12 Frazer Excavation Ltd $105,049.31 Fred Surridge Ltd $218,166.43 Geoadvice Engineering Inc $63,305.55 Gibson Waterworks Supply Inc $53,867.95 Golden Ears Alarm Systems $52,596.14 Golden Ears Winter Club $73,082.79 Gotraffic Management Inc $346,319.13 Greater Vancouver Sewerage & Drainage District $87,870.41 Greater Vancouver Water District $8,199,277.67 Green Cut Contracting $49,183.16 Green Landscape Experts Ltd $45,395.57 Guillevin International Inc $205,922.14 Habitat Systems Inc $28,730.38 Hallmark Facility Services Inc $339,630.59 Haney Builders Supplies 1971 $33,790.06 Heavy PDG Equipment Ltd $89,663.48 Homewood Health Inc $27,454.19 Horizon Landscape Contractors $173,356.49 Hub Fire Engines And Equipment $702,103.94 ICBC = Fleet Insurance $246,772.00 IDRS $45,359.60 Image Painting & Restoration Ltd $159,626.25 Industra Construction Corp $153,500.71 Intelligo Networks Inc $52,346.63 Interprovincial Traffic Services $41,102.95 ISL Engineering & Land Services Ltd $59,754.36 Jacks Automotive & Welding $184,212.91 Johnston Davidson $787,337.26 Justice Institute Of BC $59,346.18 Kaake, Karen $27,809.50 Kerr Wood Leidal Associates $26,000.51 Lafarge Canada Inc $559,612.90 Langley Concrete & Tile Ltd $83,392.68 Linden, Charlene $48,169.63 LIT Aquatics Ltd $30,798.38 Lordco Parts Ltd $95,073.64 Manulife Financial $1,242,223.60 Maple Leaf Disposal Ltd $38,289.83 Maple Ridge & Pitt Meadows Arts Council $690,796.19 Maple Ridge & Pitt Meadows Community Services $31,600.00 Prepared under the Financial Information Regulation, Schedule 1, Section 1 (1) (f) and Section 7 (1) (a-c) and (2) (b) City of Maple Ridge - Statement of Financial Information Page 49 of 52 City of Maple RidgeCity of Maple RidgeCity of Maple RidgeCity of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision of Goods or Services for 2018of Goods or Services for 2018of Goods or Services for 2018of Goods or Services for 2018 Supplier NameSupplier NameSupplier NameSupplier Name Aggregate amount Aggregate amount Aggregate amount Aggregate amount paid to supplier paid to supplier paid to supplier paid to supplier Maple Ridge Carpet One $55,320.49 Maple Ridge Historical Society $190,527.00 Marine Roofing (1996) Ltd $54,356.78 McElhanney Consulting Services $649,358.89 Medical Services Plan $199,017.63 Microserve $184,441.39 Microsoft Corporation $188,474.17 Motion Canada $32,972.63 MPK Seniors Network $25,000.00 MRC Total Build LP $3,035,328.74 Municipal Insurance Association of British Columbia $39,594.86 Municipal Pension Plan $3,384,377.27 Murphy, Amanda $51,948.89 Noble British Columbia $46,243.69 North Of 49 Enterprises Ltd $90,105.31 Northwest Hydraulic Consultant $52,446.45 Nova Pole International Inc $41,321.28 Novax Industries Corporation $47,464.29 Now Solutions $84,001.12 Nustadia Recreation Inc $273,175.62 Open Storage Solutions $165,723.06 Opus Consulting Group Ltd $220,235.33 Opus International Consultants $174,508.09 Oracle Corporation Canada Inc $54,955.38 Organized Crime Agency of British Columbia $32,033.02 Pacific Flow Control Ltd $102,055.80 Parkland Refining (BC) Ltd $956,921.63 Paul Bunyan Tree Services $183,062.29 Perfectmind Inc $104,147.72 Performance Analytics Corpoartion $57,379.35 Pit Stop Portable Toilets $33,587.63 Pitney Works $58,506.30 Pomerleau Inc $2,490,670.17 Prairie Coast Equipment Inc $50,753.50 Progressive Fence Installation $44,168.25 Promix Concrete Ltd $53,782.92 Q One Show Technologies Inc $36,751.69 Ranger Construction $102,877.18 Raybern Erectors Ltd $89,598.02 RCMP = Receiver General $37,290.29 RCMP = Receiver General $17,260,310.12 Receiver General=Payroll Deduction $1,890,749.09 Recycle Systems $34,214.56 RF Binnie & Associates Ltd $254,192.29 RG Arenas Ltd $1,001,055.14 Ricoh Canada Inc $189,998.95 Ridge Meadows Recycling Society $2,551,181.51 Ridge Meadows Seniors Society $207,001.00 RJ Construction Ltd $293,113.58 Road Warrior Cutting $34,116.97 Rogers $155,677.47 Safetek Emergency Vehicles Ltd $79,902.35 Sandpiper Contracting LLP $379,425.40 Sanscorp Products Ltd $277,333.12 SAP Canada Inc $29,178.13 School District #42, Board of Education $1,228,671.25 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 52 City of Maple RidgeCity of Maple RidgeCity of Maple RidgeCity of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision of Goods or Services for 2018of Goods or Services for 2018of Goods or Services for 2018of Goods or Services for 2018 Supplier NameSupplier NameSupplier NameSupplier Name Aggregate amount Aggregate amount Aggregate amount Aggregate amount paid to supplier paid to supplier paid to supplier paid to supplier Scottish Line Painting Ltd $139,881.92 Seal Tec Industries Ltd $42,650.50 Seismic 2000 Construction Ltd $284,832.22 SFE Ltd $91,359.45 Shape Architecture Inc $157,538.19 Shaw Cablesystems $35,220.58 Smeal Holding LLC $1,598,047.00 Softchoice LP $71,707.28 Spartan Controls Ltd $43,537.91 SPI Health And Safety Inc $25,529.73 Stantec Consulting Ltd $427,052.83 Stellar Power & Control Solutions $149,877.00 Stewart Mcdannold Stuart $142,837.74 Strata Plan LMS 4011 Commercial $157,665.38 Streetwise Traffic Controllers $26,878.69 Summit Earthworks Inc $344,044.79 Superior City Services Ltd $123,133.50 Surrey Fire Service $99,913.91 Suttle Recreation Inc $153,217.94 T & T Demolition Ltd $67,436.25 Tall Timber Tree Services Ltd $30,870.00 Taylor, Tracy & Gjaltema, Peter $30,000.00 Telus $107,548.09 Tempest Development Group $114,058.92 Terra Link Horticulture Inc $58,507.73 Tetra Tech Canada Inc $40,014.16 The Get Go Inc $44,276.94 Thrifty Foods $40,026.34 Thunderbird Plastics Ltd $48,580.00 Tirecraft $47,495.57 Total Power Ltd $83,595.79 Triahn Enterprises $118,152.95 Tundra Plumbing Ltd $119,522.67 Turning Point $73,543.99 Tybo Constructors Ltd $888,547.22 Union Of BC Municipalities $31,589.19 Urban Lumberjack Tree Services $71,055.42 Valley Geotechnical Engineering Services $28,243.39 Van Der Zalm & Associates Consulting $28,969.51 Vintage Woodworks Inc $55,199.37 Wade & Associates Land Survey $28,110.62 Warrington PCI Management $1,181,530.56 Waste Connections $66,404.28 Water Street Engineering Ltd $31,812.66 Watson Advisors Inc $68,343.80 Webbco Industrial Ltd $338,593.50 Westover, Cindy $651,211.94 Westridge Security Ltd $253,915.80 Westview Sales Ltd $54,336.26 Whitestar Property Services $57,974.79 Wilco Civil Inc $308,109.08 Wolseley Canada Inc $35,505.74 Workers Compensation Board $514,231.96 Worldwideturf Inc $1,294,650.00 WSP Canada Inc $51,899.58 XUP Development Inc $799,261.34 Xylem Canada Company $59,842.13 Young, Anderson = Barristers $62,284.41 Zone West Enterprises Ltd $43,903.41 Zoom Audio Visual Networks Inc $72,959.84 $94,748,278.77 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 51 of 52 City of Maple RidgeCity of Maple RidgeCity of Maple RidgeCity of Maple Ridge Financial Information ActFinancial Information ActFinancial Information ActFinancial Information Act Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision Schedule Showing Payments Made for the Provision of Goods or Services for 2018of Goods or Services for 2018of Goods or Services for 2018of Goods or Services for 2018 2)2)2)2)Consolidated total paid to suppliers who received aggregate payments of $25,000 or lessConsolidated total paid to suppliers who received aggregate payments of $25,000 or lessConsolidated total paid to suppliers who received aggregate payments of $25,000 or lessConsolidated total paid to suppliers who received aggregate payments of $25,000 or less 4,632,143.25$ 3)3)3)3)Total payments to suppliers for grants and contributions exceeding $25,000Total payments to suppliers for grants and contributions exceeding $25,000Total payments to suppliers for grants and contributions exceeding $25,000Total payments to suppliers for grants and contributions exceeding $25,000 Consolidated total of grants exceeding $25,000 40,500.00 Consolidated total of contributions exceeding $25,000 = Consolidated total of all grants and contributions exceeding $25,000 40,500.00 4)4)4)4)ReconciliationReconciliationReconciliationReconciliation Total of aggregate payments exceeding $25,000 paid to suppliers 94,748,278.77$ Consolidated total of payments of $25,000 or less paid to suppliers 4,632,143.25$ Consolidated total of all grants and contributions exceeding $25,000 40,500.00 Reconciling items Explanation below Total per Financial Statements, Expenditures & Expenses, Good & Services including Capita 101,240,006.00$ Variance 1,819,083.98$ 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 52 of 52 City of Maple Ridge 11995 Haney Place Maple Ridge, BC V2X 6A9 Canada Tel: 604-463-5221 Fax: 604-467-7329