2015 Financial Annual Report

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS City of Surrey

For the year ended December 31, 2015 [tabular amounts in thousands of dollars]

8. DEPOSITS AND PREPAYMENTS

2014

2015

Deposits:

Future works

$

37,687

$

39,474

Planning and permits

42,901

48,607

Engineering

33,673

42,333

Capital deposits

7,753

9,740

Pavement cuts

3,535

3,967

Boulevard trees

2,669

2,333

Latecomer

763

929

Tenant deposits

397

641

Other deposits

2,790

4,161

Developer works agreement

95

140

Amenities

288

315

$

132,551

Total deposits

$

152,640

Prepayments: Taxes

$

34,676

$

38,811

Utilities

1,813

2,029

Tax sale private purchase payment

1,449

1,294

Other prepayments

35

10

Total prepayments

37,973

42,144

$

170,524

Total deposits and prepayments

$

194,784

9. DEFERRED REVENUE

2014

2015

Development/building permits

$

16,269

$

19,471

Deferred gains on land sales to joint ventures

4,764

3,958

Deferred lease revenue

3,873

5,924

Other

1,537

1,952

$

26,443

$

31,305

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