2017 Finance Annual Report

CONSOLIDATED STATEMENT OF CITY OF SURREY OPERATIONS

For the year ended December 31, 2017, with comparative figures for 2016 [in thousands of dollars]

2017 Budget

2016

2017

(Note 20)

REVENUES Taxation revenue (Note 14) Sales of goods and services

$ 392,868

$ 365,863

$ 391,695

232,204 142,168 136,143 23,806 54,250 59,719

226,242

240,037 104,963 183,736 17,533 24,677 61,679

Development cost charges (Note 7)

61,260

Developer contributions

141,214 16,500 22,784 80,838 914,701 148,379 102,710 80,232 66,936 67,147 60,183 55,096 28,999 32,171 25,449 18,532 10,326

Investment income

Transfers from other governments (Note 19)

Other

TOTAL REVENUES

1,041,158

1,024,320

EXPENSES Police services

159,758 109,357 81,465 73,510 70,712 62,212 60,000 35,140 33,208 30,950 21,108 11,757

152,798 110,435 81,896 75,334 67,715 62,262 59,971 33,117 32,986 27,241 19,051 11,050

Parks, recreation and culture

General government

Roads and traffic safety

Water

Fire services

Sewer

Solid waste

Drainage

Planning and development

Library services

Engineering

Surrey City Energy

1,284 1,087

395

1,105 2,244

Parking

2,243

TOTAL EXPENSES

751,548

698,798

737,205

ANNUAL SURPLUS

289,610

215,903

287,115

Accumulated Surplus, beginning of year

8,377,037

8,161,134

8,377,037

Accumulated Surplus, end of year

$ 8,666,647

$ 8,377,037

$ 8,664,152

To be read in conjunction with the Notes to the Consolidated Financial Statements

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