2015 Financial Annual Report

City of Surrey

 UNAUDITED WATER OPERATING FUND Schedule 6

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

2015 Utility Rates Budget

2014

2015

(Schedule 2)

REVENUES Taxation revenue

$

119

$

190

$

166

Sales of goods and services

66,410

64,712

67,518

Developer contributions

-

10

-

Investment income

1,006

1,082

801

Other

657

900

901

68,192

66,894

69,386

EXPENSES Water

61,999

57,681

60,650

Engineering

-

16

-

61,999

57,697

60,650

6,193

9,197

Excess of Revenues over Expenses

8,736

Transfers to other funds and reserves

(6,193)

(14,782)

(10,907)

ANNUAL SURPLUS (DEFICIT)

-

(5,585)

(2,171)

Accumulated Surplus, beginning of year

-

86,166

80,581

Accumulated Surplus, end of year

$

-

$

80,581

$

78,410

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

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