2017 Finance Annual Report

SCHEDULE 4 UNAUDITED RESERVES, CONTINGENCIES AND SURPLUS  CITY OF SURREY

For the year ended December 31, 2017, with comparative figures for 2016, 2015, 2014 and 2013 [in thousands of dollars]

2016

2015

2014

2013

2017

RESERVE FUNDS Equipment and building replacement Neighbourhood Concept Plans

$ 34,325

$ 33,670

$ 35,888

$ 34,836

$ 35,659

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

22,783

23,836

23,545

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

Park land acquisition

9,948

8,876

5,186

Local improvement financing

15,689 19,486

15,173

14,654 23,998

Capital legacy

2,854 6,448 1,260 1,315

Environmental stewardship

6,559 1,586 1,338

6,536 1,535 1,328

6,558 1,244 1,299

6,661 2,618 1,345

Parking space Water claims

Affordable housing

23

23

8

33

23

Municipal land

-

-

-

(1,378)

-

$ 116,947 $ (15,040)

$ 110,998 $ (23,213)

$ 95,658 $ (25,536)

$ 109,975

$ 124,907 $ (21,438)

INTERNAL BORROWING

$

-

UNAPPROPRIATED SURPLUS General operating fund

$

7,831

$

7,831

$

7,831

$

7,831

$

7,831

Employee future benefits Water operating fund Sewer operating fund

(6,998)

(6,998)

(6,998)

(6,998)

(6,998)

3,000 3,000

3,000 3,000

3,000 3,000

3,000 3,000

3,000 3,000

Library Services

(324)

(325)

(325)

(324)

(324)

6,509

6,508

6,508

6,509

6,509

Other funds: Surrey City Development Corp

(34,247)

(60,526)

(67,722)

(57,282)

(15,910)

Surrey Homelessness and Housing Society

7,879

8,012

8,212

8,380

7,451

Innovation Boulevard

-

-

-

-

209

$ (19,859)

$ (46,006)

$ (53,002)

$ (42,393)

$ (1,741)

APPROPRIATED SURPLUS Infrastructure replacement

$ (22,278)

$ (5,058)

$

6,103

$ 49,376

$ (45,811)

Revenue stabilization

16,589 13,113

13,989 15,053

13,250 15,982

12,661 16,138

16,593 12,288

Self insurance

Operating contingency and emergencies

8,782 7,420 4,517

8,782 7,420 3,997

8,758 5,346 3,962 1,011

7,042 2,852 3,299 1,010

8,782 7,420 4,375

Environmental emergencies

Prepaid expenses

Inventories of supplies

880

857

929

$ 29,023

$ 45,040

$ 54,412

$ 92,378

$

4,576

COMMITTED FUNDS General operating Roads operating and capital Water operating and capital Sewer operating and capital Drainage operating and capital

$ 44,727

$ 33,250

$ 28,353

$ 28,627

$ 62,960

39,157 38,872 24,965 12,629

37,434 38,919 28,188 15,957 (6,268)

26,843 38,406 24,232 18,779 (3,585)

23,781 35,549 27,378 14,630 (1,622)

38,032 38,131 17,921 12,162

Surrey City Energy operating and capital

3,233

5,777

Library Services

238

182

198

219

240

$ 163,821 $ 8,312,963

$ 147,662 $ 8,123,149

$ 133,226 $ 7,982,686

$ 128,562 $ 7,696,429

$ 175,223 $ 8,635,809

TANGIBLE CAPITAL ASSETS

Debt funded assets

(210,818)

(196,496)

(209,277)

(197,422)

(253,184)

Total Equity in Tangible Capital Assets

$ 8,102,145 $ 8,377,037

$ 7,926,653 $ 8,161,134

$ 7,773,409 $ 7,978,167

$ 7,499,007 $ 7,787,529

$ 8,382,625 $ 8,664,152

80