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
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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
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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
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City of Maple Ridge - Statement of Financial Information
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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
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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
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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.
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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
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This Page Left Blank Intentionally
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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.
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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.
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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
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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
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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
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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
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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.
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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)
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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
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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
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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
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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
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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
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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
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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
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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
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This Page Left Blank Intentionally
City of Maple Ridge - Statement of Financial Information
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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