2017 Finance Annual Report

STATISTICAL REVIEW

Net Tangible Capital Asset Acquisitions (in thousands)

Source: City of Surrey Finance Department

$500,000

$472,536

$400,000

$435,923

$424,699

$300,000

$312,444

$305,725

$200,000

$100,000

$0

2013

2014

2015

2016

2017

Financial Statistics (in thousands)

Source: City of Surrey Finance Department

2017

2013

2014

2015

2016

355,883 $

525,979

Contribution to/(from) capital from equity

$

368,451 $

490,458 $

305,795 $

(238,864)

Contribution to/(from) reserves

(152,382)

(299,820)

(122,827)

(139,980)

-

Transfer to/(from) appropriated surplus

-

-

-

-

Annual Surplus

215,903 $

287,115

$

216,069 $

190,638 $

182,968 $

979,742 $

1,028,281 (738,023) (267,219)

Financial Assets

$

899,011 $

813,380 $

870,595 $

Liabilities (excluding Debt)

(566,641) (245,579)

(580,896) (241,976)

(609,546) (227,918)

(696,503) (224,562)

Debt

Net Financial Assets/(Debt)

58,677 $

23,039

$

86,791 $

(9,492) $

33,131 $

145,970 $

129,483 (21,438) 173,482

Restricted Reserves/Appropriated Surplus

$

202,353 $

150,070 $

156,038 $

Internal Borrowing

-

(25,536) 80,224

(23,213) 101,656

(15,040) 143,962

Unappropriated Surplus/Committed Funds Tangible Capital Assets (net of debt)

86,169

8,382,625 8,664,152

7,499,007

7,773,409

7,926,653

8,102,145

Accumulated Surplus

8,377,037 $

$

7,787,529 $

7,978,167 $

8,161,134 $

DEFINITIONS Annual Surplus/(Deficit) The statement of operations reports the surplus (or deficit) from

Accumulated Surplus/(Deficit) Financial assets can be used to discharge liabilities or provide services, while non-financial assets can normally be used only for service provision to accomplish its future objectives. Non-financial assets are added to net financial assets (or net financial debt) to calculate the accumulated surplus or deficit for the accounting period.

operations in the accounting period. Net Financial Assets/(Net Debt)

Net debt is measured as the difference between a government's liabilities and financial assets. Net debt provides a measure of the future revenues required to pay for past transactions and events. If the government's financial assets exceed its liabilities, then the indicator is a net financial asset position, indicating that there are net financial assets on hand, which can provide financial resources to finance future operations.

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