2018 Annual Financial Report

CONSOLIDATED STATEMENT OF CITY OF SURREY OPERATIONS

For the year ended December 31, 2018, with comparative figures for 2017 [in thousands of dollars]

2018 Budget

2017

2018

(Note 22)

REVENUES Taxation revenue (Note 15) Sales of goods and services

$ 420,515

$ 391,695

$ 420,145

243,058 161,595 142,629 20,103 36,921 73,984

240,037 104,963 183,736 17,533 24,677 61,679

250,281

Development cost charges (Note 7)

68,353

Developer contributions

263,556 22,633 51,722 82,541

Investment income

Transfers from other governments (Note 21)

Other (Note 16)

TOTAL REVENUES

1,098,805

1,024,320

1,159,231

EXPENSES Police services

165,698 117,631 88,195 73,326 75,631 65,520 64,742 36,956 33,587 29,969 20,462 12,354

152,798 110,435 81,896 75,334 67,715 62,262 59,971 33,117 32,986 27,241 19,051 11,050

161,096 118,159 83,649 72,006 72,964 64,669 63,274 35,147 35,062 29,524 20,157 13,561

Parks, recreation and culture

General government

Roads and traffic safety

Water

Fire services

Sewer

Solid waste

Drainage

Planning and development

Library services

Engineering

Surrey City Energy

2,115 2,177

1,105 2,244

1,399 2,385

Parking

TOTAL EXPENSES

788,363

737,205

773,052

ANNUAL SURPLUS

310,442

287,115

386,179

Accumulated Surplus, beginning of year

8,664,152

8,377,037

8,664,152

Accumulated Surplus, end of year

$ 8,974,594

$ 8,664,152

$ 9,050,331

To be read in conjunction with the Notes to the Consolidated Financial Statements

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