2015 Financial Annual Report

City of Surrey

 UNAUDITED SURREY CITY ENERGY OPERATING FUND Schedule 10

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

2015 Budget

2014

2015

(Schedule 2)

REVENUES Sales of goods and services

$

121

$

-

$

166

Developer contributions

-

104

151

121

104

317

EXPENSES Surrey City Energy

590

310

257

590

310

257

(469)

(206)

Excess (Deficiency) of Revenues over Exp.

60

Transfers from other funds and reserves

469

(1,757)

(2,743)

ANNUAL SURPLUS

-

(1,963)

(2,683)

Accumulated Surplus, beginning of year

-

(1,622)

(3,585)

Accumulated Surplus, end of year

$

-

$

(3,585)

$

(6,268)

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

95