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]

24. BUDGET DATA

The budget data presented in these consolidated financial statements was included in the City of Surrey 2015 – 2019 Consolidated Financial Plan and was adopted through By-law #18380 on February 2, 2015. The following table reconciles the approved budget to the budget figures reported in these consolidated financial statements.

Budget Amount

Revenues:

Approved Consolidated budget

$

996,398

Less:

Borrowing proceeds

(10,600)

Total Revenues:

985,798

Expenses :

Approved Consolidated budget

1,196,526

Transfers between funds

(200,128) 996,398

Less:

Capital expenditures

(497,002)

Add:

Transfers between funds

200,128

699,524

Total Expenses:

$

286,274

Annual surplus per statement of operations

25 COMPARATIVE FIGURES

Certain comparative information has been reclassified to conform to the financial statement presentation adopted in the current year.

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