2018 Annual Financial Report

FINANCIAL STATEMENTS

Report from the General Manager, Finance

40

City of Surrey Financial Statements

42 44 46 47 48 49 50 78 79 86 88 90 91 92 93 94

City of Surrey, Independent Auditor’s Report Consolidated Statement of Financial Position Consolidated Statement of Operations

Consolidated Statement of Changes in Net Financial Assets (Debt)

Consolidated Statement of Cash Flows

Notes to the Consolidated Financial Statements

Schedule 1 Tangible Capital Assets Supplementary Financial Information

Surrey Public Library Financial Statements

Surrey Public Library, Independent Auditor’s Report

Statement of Financial Position

Statement of Operations

Statement of Change in Net Debt

Statement of Cash Flows

Notes to the Financial Statements Supplementary Financial Information

100

Permissive Exemptions

103

STATISTICAL REVIEW

122

Population

123 123 124 124 125 125 126 127 127 127 128 129 129 130 130 131 131 132 132 133 133 134 135

Average Residential Tax and Utilities Bill 2018 Average Residential Tax and Utilities Bill

2018 Taxable Assessment and Taxation by Property Class

Taxable Assessment and Taxation Statistics

Assessment for Taxation

2018 Household Expenditures versus City Services

Building Permits

Construction Value of Building Permits Issued

Commercial and Industrial Development Approved in Surrey

Top 10 Employers in Surrey in 2018

Unemployment Rates

Full Time Equivalent Employees

Surrey's Business Distribution by Sector

Consolidated Debt per Capita

Gross Debt Supported by Property Tax Versus Total Debt 2018 Debt Servicing Costs Compared to General Taxation Revenue

Revenue Trend by Source of Revenue

Expenses Trend by Function

Net Tangible Capital Asset Acquisitions

Financial Statistics

Consolidated Revenues Consolidated Expenses

Reserves, Committed Funds and Surplus

136-137