CAnFR 2017 Full Report

Consolidated Financial Statements ________________________________________________________

Consolidated Statement of Change in Net Financial Assets For the year ended December 31, 2017

Actual 2017

Budget

Actual 2016

2017 (Note 17)

Annual Surplus

$ 34,037,914 $ 60,685,479 $ 64,077,703

Add (Less): Change in Tangible Capital Assets Acquisition of tangible capital assets

(38,277,439) 20,585,216

(132,222,075)

(71,729,097)

Amortization

19,780,000 18,209,180

Proceeds from disposal of tangible capital assets (Gain) loss on disposal of tangible capital assets

278,424

1,500,000 (1,500,000)

181,645

1,664,676

3,833,337

(15,749,123)

(112,442,075)

(49,504,935)

Change in Other Non Financial Assets Decrease (increase) in supplies inventory Reclassification of undeveloped land bank Reclassification of tangible capital assets

(8,723)

4

(4,357)

4 4

4 4

53,499

4

Increase in prepaid expenses

(16,789) (25,512)

4 4

(328,910) (279,768)

Increase (decrease) in Net Financial Assets

18,263,279 $ (51,756,596)

14,293,000

Net Financial Assets beginning of the year

86,346,124

86,346,121 72,053,124

Net Financial Assets end of the year

$ 104,609,403 $ 34,589,525 $ 86,346,124

The accompanying summary of significant accounting policies and notes to the Consolidated Financial Statements are an integral part of this statement

City of Maple Ridge - 2017 Annual Report Page 40