2015 Financial Annual Report

City of Surrey

CONSOLIDATED STATEMENT OF OPERATIONS

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

2015 Budget

2014

2015

(note 24)

(recast - note 3)

REVENUES Taxation revenue (note 17)

$ 349,723

$ 311,024

$ 344,656

Sales of goods and services

211,280

195,356

211,925

Development cost charges (note 10)

147,580

56,611

58,598

Developer contributions

157,158

170,536

143,004

Investment income

20,150

18,454

16,437

Transfers from other governments (note 23)

46,189

46,129

22,000

Other

53,718

48,764

58,016

TOTAL REVENUES

985,798

846,874

854,636

EXPENSES Police services

134,026

120,938

133,003

Parks, recreation and culture

97,655

84,583

93,830

General government

80,117

69,393

65,306

Water

73,069

67,490

70,229

Fire services

59,966

61,114

58,858

Sewer

58,042

61,797

54,884

Engineering

5,599

12,061

9,717

Drainage

39,229

42,600

35,421

Solid waste

31,934

29,540

30,627

Roads and traffic safety

72,347

64,790

75,269

Planning and development

27,593

24,383

24,003

Parking

349

1,457

1,982

Surrey City Energy

590

310

257

Library services

19,008

15,780

18,283

TOTAL EXPENSES

699,524

656,236

671,669

ANNUAL SURPLUS

286,274

190,638

182,967

Accumulated Surplus, beginning of year

7,985,458

7,794,820

7,985,458

Accumulated Surplus, end of year

$ 8,271,732

$ 7,985,458

$ 8,168,425

To be read in conjunction with the Notes to the Consolidated Financial Statements

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