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]

14. ACCUMULATED SURPLUS

Accumulated surplus consists of individual fund surplus and reserves. Operating surplus for the City is as follows:

2014 (recast – note 3)

2015

$

7,985,458

Accumulated Surplus per Statement of Financial Position

$

8,168,425

Less Restricted Funds:

Tangible capital assets Debt funded assets

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

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

Reserves set aside by Council Equipment and Building Replacement

35,888

33,670 19,486 22,783 15,689

Capital Legacy

2,854

Neighborhood Concept Plans Local Improvement financing Environmental Stewardship

23,836 15,173

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

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

Park Land Acquisition

Water Claims Parking Space

Affordable Housing

8

23

95,658

110,998 (23,213)

(25,536)

Internal borrowing

Restricted Reserves Infrastructure Replacement

6,103

(5,058) 15,053 13,989

Self-Insurance

15,982 13,250

Revenue Stabilization Operating Emergencies Environmental Emergencies

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

8,782 7,420 3,997

Prepaid expenses

Inventories of supplies

857

Committed funds

133,226 187,638

147,662 192,702

Other Entities Surrey City Development Corporation Surrey Homelessness and Housing Society

(105,265)

(74,366)

8,212

8,012

(97,053)

(66,354)

7,978,950

Total Restricted Funds

8,161,917

$

6,508

Unappropriated Surplus

$

6,508

70

Made with FlippingBook flipbook maker