2015 Financial Annual Report

City of Surrey

Schedule 12  UNAUDITED RESERVES, CONTINGENCIES AND SURPLUS

For the year ended December 31, 2015, with comparative figures for 2014, 2013, 2012 and 2011 [in thousands of dollars]

2014

2013

2012

2011

2015

(recast - note 3)

RESERVE FUNDS Equipment and building replacement

$ 35,888

$ 34,836

$ 36,653

$ 38,157

$ 33,670

Capital legacy

2,854

23,998 23,545 14,654 (1,378)

12,757 21,439 14,273 (8,205)

28,417 20,657 14,435

19,486 22,783 15,689

Neighborhood Concept Plans Local improvement financing

23,836 15,173

Municipal land

-

1,665 6,359 9,040 1,255 1,202

-

Environmental stewardship

6,448 8,876 1,315 1,260

6,558 5,186 1,299 1,244

6,580 2,984 1,280 1,226

6,536 9,948 1,328 1,535

Park land acquisition

Water claims Parking space

Affordable housing

8

33

18

67

23

95,658

109,975

89,005

121,254

110,998 (23,213)

INTERNAL BORROWING

(25,536)

-

-

-

UNAPPROPRIATED SURPLUS General operating fund

7,831

7,831

6,348

8,793

7,831

Employee future benefits Water operating fund Sewer operating fund

(6,998)

(6,998)

(6,998)

(6,998)

(6,998)

3,000 3,000 (325) 6,508

3,000 3,000 (324) 6,509

3,000 3,000 (324) 5,026

3,000 3,000 (324) 7,471

3,000 3,000 (325) 6,508

Library Services

Other Entities: Surrey City Development Corp

(105,265)

(96,505)

(58,707)

(18,472)

(74,366)

Surrey Homelessness and Housing Society

8,212

8,380

8,692

8,720

8,012

(90,545)

(81,616)

(44,989)

(2,281)

(59,846)

APPROPRIATED SURPLUS Infrastructure replacement

6,103

49,376 16,138 12,661

46,154 14,755 12,661

58,018 14,442

(5,058) 15,053 13,989

Self insurance

15,982 13,250

Revenue stabilization

9,723 7,042 5,771 1,725 1,012

Operating contingency and emergencies

8,758 5,346 3,962 1,011

7,042 2,852 3,299 1,010

7,042 5,928 2,941 1,030

8,782 7,420 3,997

Environmental emergencies

Prepaid expenses

Inventories of supplies

857

54,412

92,378

90,511

97,733

45,040

COMMITTED FUNDS General operating

51,611

50,786

47,921

43,784

64,416

Library Services

198

219

250

608

182

Sewer operating and capital Drainage operating and capital Water operating and capital

24,232 18,779 38,406 133,226

27,378 14,630 35,549 128,562

29,251 13,413 37,345 128,180

20,862 11,129 33,731 110,114

28,188 15,957 38,919 147,662

TANGIBLE CAPITAL ASSETS (note 13)

7,989,977 (171,734) 7,818,243

7,703,720 (158,199) 7,545,521

7,402,088 (86,044) 7,316,044

7,139,203 (35,721) 7,103,482

8,130,440 (182,656) 7,947,784

Debt funded assets

Total Equity in Tangible Capital Assets TOTAL ACCUMULATED SURPLUS

$ 7,985,458

$ 7,794,820

$ 7,578,751

$ 7,430,302

$ 8,168,425

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