2017 Finance Annual Report

FINANCIAL STATEMENTS

Report from the General Manager, Finance

38

City of Surrey Financial Statements City of Surrey, Independent Auditor’s Report Consolidated Statement of Financial Position

40

41

42 43 44 45 46 72 83 85 86 87 88 89 90 96

Consolidated Statement of Operations

Consolidated Statement of Changes in Net Financial Assets (Debt)

Consolidated Statement of Cash Flows

Notes to the Consolidated Financial Statements

Supplementary Financial Information

Surrey Public Library Financial Statements Surrey Public Library, Independent Auditor’s Report

Statement of Financial Position

Statement of Operations

Statement of Change in Net Debt

Statement of Cash Flows

Notes to the Financial Statements Supplementary Financial Information

Permissive Exemptions

99

STATISTICAL REVIEW

118

Population

119 119 120 120 121 121 122 123 123 123 124 125 125 126 126 127 127 128 128 129 129

Average Residential Tax and Utilities Bill

2017 Average Residential Tax and Utilities Bill

2017 Taxable Assessment and Taxation by Property Class

Taxable Assessment and Taxation Statistics

Assessment for Taxation

2017 Household Expenditures versus City Services

Building Permits

Construction Value of Building Permits Issued

Commercial and Industrial Development Approved in Surrey

Largest Employers in Surrey

Unemployment Rates

Full Time Equivalent Employees

Surrey's Business Distribution by Sector

Consolidated Debt per Capita

Gross Debt Supported by Property Tax Versus Total Debt

2017 Debt Servicing Costs Compared to General Taxation Revenue

Revenue Trend by Source of Revenue

Expenses Trend by Function

Net Tangible Capital Asset Acquisitions

Financial Statistics