2018 Annual Financial Report

STATISTICAL REVIEW

Net Tangible Capital Asset Acquisitions (in thousands of dollars) 2018

Net Tangible Capital Asset Acquisitions (in thousands)

Source: City of Surrey Finance Department

$500,000

$477,440

$472,536

$435,923

$400,000

$300,000

$312,444

$305,725

$200,000

$100,000

$0

2014

2015

2016

2017

2018

Financial Statistics (in thousands)

Source: City of Surrey Finance Department

2018

2014

2015

2016

2017

355,883 $

525,979 $

633,786

Contribution to/(from) capital from equity

$

490,458 $

305,795 $

(238,864)

(247,607)

Contribution to/(from) reserves

(299,820)

(122,827)

(139,980)

-

-

Transfer to/(from) appropriated surplus

-

-

-

215,903 $

287,115 $

Annual Surplus

386,179

$

190,638 $

182,968 $

979,742 $

1,028,281 $

1,111,559 (819,761) (229,024)

Financial Assets

$

813,380 $

870,595 $

(738,023) (267,219)

Liabilities (excluding Debt)

(580,896) (241,976)

(609,546) (227,918)

(696,503) (224,562)

Debt

58,677 $

23,039 $

Net Financial Assets/(Debt)

62,774

$

(9,492) $

33,131 $

195,736 $

186,740 $

208,821

Restricted Reserves/Appropriated Surplus $

216,404 $

187,747 $

(78,695) 173,482

(105,365)

Internal Borrowing

(91,870) 80,224

(54,922) 101,656

(64,806) 143,962

179,057

Unappropriated Surplus/Committed Funds Tangible Capital Assets (net of debt)

8,382,625

8,767,818 9,050,331

7,773,409

7,926,653

8,102,145

8,377,037 $

8,664,152 $

Accumulated Surplus

$

7,978,167 $

8,377,037 $

DEFINITIONS Annual Surplus/(Deficit) The statement of operations reports the surplus (or deficit) from

Accumulated Surplus/(Deficit) Financial assets can be used to discharge liabilities or provide services, while non-financial assets can normally be used only for service provision to accomplish its future objectives. Non-financial assets are added to net financial assets (or net financial debt) to calculate the accumulated surplus or deficit for the accounting period.

operations in the accounting period. Net Financial Assets/(Net Debt)

Net debt is measured as the difference between a government's liabilities and financial assets. Net debt provides a measure of the future revenues required to pay for past transactions and events. If the government's financial assets exceed its liabilities, then the indicator is a net financial asset position, indicating that there are net financial assets on hand, which can provide financial resources to finance future operations.

133