2018 Annual Financial Report

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS  CITY OF SURREY

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

11. ACCUMULATED SURPLUS Accumulated surplus consists of individual fund surpluses, reserves and equity in tangible capital assets. The City’s Accumulated surplus is as follows:

2017

2018

$ 8,664,152

Accumulated Surplus per Statement of Financial Position

$ 9,050,331

Less:

Tangible Capital Assets

8,635,809 (253,184) 8,382,625

8,982,600 (214,782) 8,767,818

Debt funded assets

Invested in tangible capital assets

Gross Allocations

Gross Allocations

Reserves set aside by Council Capital legacy

47,329 39,002 32,611 22,521 22,372 17,015

(47,329) (39,002) (5,898) (4,072) (4,045) (3,076) (1,220)

46,534 22,649 35,659 23,775 26,309 16,591

(34,608) (22,649) (6,767) (4,511) (4,992) (3,148) (1,264)

11,926

- -

Municipal land

-

Equipment and building replacement

28,892 19,264 21,317 13,443

26,713 18,449 18,327 13,939

Neighborhood concept plans

Park land acquisition

Local improvement financing Environmental stewardship

6,749 2,629 1,351

6,661 2,618 1,345

5,397 2,121 1,090

5,529 2,154 1,107

Parking space Water claims

(475) (244)

(497) (255)

Affordable housing

23

(4)

23

(4)

19

19

191,602

182,164

103,469

86,237

(105,365)

(78,695)

Internal borrowing to fund capital program

Other appropriated funds Infrastructure replacement

(28,318)

28,318 (1,908) (1,659) (1,170) (1,002)

(45,811)

45,811 (3,450) (2,555) (1,826) (1,543)

-

-

Revenue stabilization

13,490 11,732

16,593 12,288

13,143

11,582 10,073

Self insurance

9,733 6,956 5,877 4,375

Operating contingency and emergencies

8,276 7,082 4,197

8,782 7,420 4,375

7,106 6,080 4,197

Environmental emergencies

Prepaid expenses

- -

- -

Inventories of supplies

760

929

929

760

Committed funds

159,647 176,866

(22,579)

175,223 179,799

(36,437)

138,786 179,799

137,068 176,866

-

-

Other Entities Surrey City Development Corporation Surrey Homelessness and Housing Society

(15,910)

6,834 6,019

7,451

Innovation Boulevard

209

48

(8,250)

12,901

8,657,643

Total Appropriated Funds Unappropriated Surplus

9,043,822

$

6,509

$

6,509

64