2017 Finance Annual Report

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS  CITY OF SURREY

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

11. ACCUMULATED SURPLUS

Accumulated surplus consists of individual fund surplus and reserves. Operating surplus for the City is as follows:

2016

2017

$ 8,377,037

Accumulated Surplus per Statement of Financial Position

$ 8,664,152

Less Internally Restricted Funds: Tangible capital assets

8,312,963 (210,818) 8,102,145

8,635,809 (253,184) 8,382,625

Debt funded assets

Reserves set aside by Council Equipment and building replacement

34,325 22,648 18,687 16,143 15,638

35,659 23,775 26,309 16,591 11,926

Neighbourhood concept plans

Park land acquisition

Local improvement financing

Capital legacy

Environmental stewardship

6,559 1,586 1,338

6,661 2,618 1,345

Parking space Water claims

Affordable housing

23

23

116,947 (15,040)

124,907 (21,438)

Internal Borrowing

Internally Restricted Reserves Infrastructure replacement

(22,278)

(45,811)

Revenue stabilization

16,589 13,113

16,593 12,288

Self-insurance

Operating emergencies Environmental emergencies

8,782 7,420 4,517

8,782 7,420 4,375

Prepaid expenses

Inventories of supplies

880

929

Committed funds

163,821 192,844

175,223 179,799

Other Restricted Funds Surrey City Development Corporation Surrey Homelessness and Housing Society

(34,247)

(15,910)

7,879

7,451

Innovation Boulevard

-

209

(26,368)

(8,250)

8,370,528

Total Restricted Funds

8,657,643

$

6,509

Unappropriated Surplus

$

6,509

60