2015 City of Surrey Annual Report

City of Surrey

Schedule 5  UNAUDITED ROADS & TRAFFIC SAFETY OPERATING FUND

For the year ended December 31, 2015, with comparative figures for 2014 [in thousands of dollars]

2015 Budget

2014

2015

(Schedule 2)

REVENUES Taxation revenue

$

19,236

$

16,224

$

19,197

Sales of goods and services

3,858

758

1,727

Developer contributions

-

24

963

Transfers from other governments

-

1,038

565

Other

-

439

479

23,094

18,483

22,931

EXPENSES Roads and traffic safety

34,080

31,909

37,997

Parking

-

-

279

34,080

31,909

38,276

(10,986)

(13,426)

Excess (Deficiency) of Revenues over Exp.

(15,345)

Transfers from other funds and reserves

10,986

9,299

15,834

ANNUAL SURPLUS

-

(4,127)

489

Accumulated Surplus, beginning of year

-

32,246

28,119

Accumulated Surplus, end of year

$

-

$

28,119

$

28,608

The 2015 Tax Levy Budget was used to determine 2015 taxation rates.

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