2015 Financial Annual Report

City of Surrey

 UNAUDITED DRAINAGE OPERATING FUND Schedule 8

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

$

33,413

$

28,996

$

32,050

Development cost charges

-

-

(14)

Developer contributions

-

49

153

Investment income

-

184

188

Other

117

67

92

33,530

29,296

32,469

EXPENSES Drainage

15,021

20,867

14,560

15,021

20,867

14,560

18,509

8,429

Excess of Revenues over Expenses

17,909

Transfers to other funds and reserves

(18,509)

(4,280)

(20,731)

ANNUAL SURPLUS

-

4,149

(2,822)

Accumulated Surplus, beginning of year

-

14,630

18,779

Accumulated Surplus, end of year

$

-

$

18,779

$

15,957

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

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