2015 Financial Annual Report

City of Surrey

Schedule 7  UNAUDITED SEWER OPERATING FUND

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

$

2,441

$

2,954

$

2,533

Sales of goods and services

44,947

43,515

46,129

Developer contributions

-

-

8

Investment income

652

788

496

Other

225

447

451

48,265

47,704

49,617

EXPENSES Sewer

43,965

49,240

43,436

43,965

49,240

43,436

4,300

(1,536)

Excess of Revenues over Expenses

6,181

Transfers from (to) other funds and reserves

(4,300)

(11,673)

(1,437)

ANNUAL SURPLUS

-

(13,209)

4,744

Accumulated Surplus, beginning of year

- -

62,328 49,119

49,119 53,863

Accumulated Surplus, end of year

$

$

$

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

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