2018 Annual Financial Report

STATISTICAL REVIEW

Gross Debt Supported by Property Tax versus Total Debt (in millions)

Source: City of Surrey Finance Department

Gross Debt Supported by Property Tax versus Total Debt

Other Municipal Debt

Gross Debt Supported by Property Taxes

$2,000

Borrowing Capacity

Total Debt Including Internal Borrowing

$1,800

$1,600

$1,400

$1,200

$1,000

$800

$600

$400

$200

$0

2014

2015

2016

2017

2018

Overlapping debt which represents the total debt of regional districts where the City of Surrey is a member and is jointly and severally liable, is not included. The City’s overlapping debt (in millions of dollars) was $2,201 in 2018 (2017: $1,986).

Debt Servicing Costs Compared to General Taxation Revenue

2018 Debt Servicing Costs Compared to General Taxation Revenue (in thousands)

Source: City of Surrey Finance Department

Debt Servicing Costs Funded by General Taxation Revenue, $12,780

General Taxation Revenue Net of Debt Servicing Costs, $338,989

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