2018 Annual Financial Report

NOTESTOTHE CONSOLIDATED CITY OF SURREY FINANCIAL STATEMENTS

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

22. BUDGET DATA

The budget data presented in these consolidated financial statements was included in the City of Surrey 2018 – 2022 Consolidated Financial Plan and was adopted through Bylaw #19402 on December 18, 2017. The following table reconciles the approved budget to the budget figures reported in these consolidated financial statements.

Budget Amount $ 1,098,805

Approved consolidated budgeted revenues

1,098,805

Total Revenues:

Approved consolidated budgeted expenditures

1,470,333 (371,528) 1,098,805

Transfers between funds

Less:

Capital expenditures

(666,077)

Municipal debt principal repayments

(15,893)

Add:

Transfers between funds

371,528

788,363

Total Expenses:

$

310,442

Annual surplus per statement of operations

23. COMPARATIVE FIGURES

Certain comparative information has been reclassified to conform to the financial statement presentation adopted in the current year.

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