2017 Finance Annual Report

NOTESTOTHE CONSOLIDATED CITY OF SURREY FINANCIAL STATEMENTS

For the year ended December 31, 2017 [tabular amounts in thousands of dollars]

5 . DEPOSITS AND PREPAYMENTS

2016

2017

Deposits:

Future works

$

46,429 55,621 49,583 28,970

$

49,600 64,152 74,271 29,625

Planning and permits

Engineering

Capital deposits Pavement cuts Boulevard trees

4,386 2,527

4,814 2,431

Latecomer

965 999 609 373

896 678

Tenant deposits

Developer works agreement

11

Amenities

4

Other deposits

7,593

7,015

$

198,055

Total deposits

$

233,497

Prepayments: Taxes

$

38,167

$

40,691

Utilities

2,352 2,303

2,643

Tax sale private purchase payment

816

Other prepayments

10

1

42,832

Total prepayments

44,151

$

240,887

Total deposits and prepayments

$

277,648

6. DEFERRED REVENUE

2016

2017

Development/building permits

$

21,371

$

24,282

Deferred gains on land sales to joint ventures

3,957 7,688 2,298

4,221 5,852 2,602

Deferred lease revenue

Other

$

35,314

$

36,957

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