2018 Annual Financial Report

NOTESTOTHE CONSOLIDATED CITY OF SURREY FINANCIAL STATEMENTS

For the year ended December 31, 2018 [tabular amounts in thousands of dollars]

5 . DEPOSITS AND PREPAYMENTS

2017

2018

Deposits:

Future works

$

49,600 64,152 74,271 29,625

$

54,034 73,123 98,149 34,530

Planning and permits

Engineering

Capital deposits Pavement cuts Boulevard trees

4,814 2,431

5,022 1,978 1,854

Latecomer

896 678

Tenant deposits

547

Developer works agreement

11

80

Amenities

4

4

Other deposits

7,015

3,495

$

233,497

Total deposits

$

272,816

Prepayments: Taxes

$

40,691

$

41,177

Utilities

2,643

2,578

Tax sale private purchase payment

816

90

Other prepayments

1

1

44,151

Total prepayments

43,846

$

277,648

Total deposits and prepayments

$

316,662

6. DEFERRED REVENUE

2017

2018

Development/building permits

$

24,253

$

31,074

Deferred gains on land sales to joint ventures

4,221 5,852 2,631

416

Deferred lease revenue

6,091 6,709

Other

$

36,957

$

44,290

57