2018 Annual Financial Report

SCHEDULE 4 CITY OF SURREY

*** Local Improvement Financing

Deferred Development Charges

Environmental Stewardship

Parking Space

Water Claims

Affordable Housing

Reserves Subtotal

$

13,443

$

5,397

$

2,121

$

1,090

$

19

$

103,469

$

254,294 90,979

-

-

-

-

- - - - - - - - -

-

27

30

12

6

523

761

- -

- -

- -

- -

38,733

- -

-

27

30

12

6

39,256

91,740

397

58

-

- -

31,384

-

-

-

(1)

(109,310)

(68,353)

72

44

22 21

11 11

21,438

-

469

102

(56,488)

(68,353)

$

13,939

$

5,529

$

2,154

$

1,107

$

19

$

86,237

$

277,681

** Municipal Land Reserve Fund: The City borrows from this Fund to finance specified projects. Principal and interest repayment schedules are based upon reasonable business case plans approved by City Council.

Municipal Land Fund Prior to Borrowing

$ 39,002

Internal Borrowing (to) / from other reserves

4,658

Principal Repayable, Green Timbers

(16,489)****

Principal Repayable, City Works Yard Expansion Land Loan

(11,348)****

Principal Repayable, Other Land Loans

(8,933)****

Principal Repayable, City Centre Social Lands Loan

(3,064)****

Principal Repayable, Social Housing Loan

(1,506)****

Principal Repayable, City Parkway

(1,204)****

Principal Repayable, University Drive

(1,062)****

Principal Repayable, Bridgeview Ind. Land Loan

(54)****

Funds on Hand for Financing Projects

$

-

**** Total Outstanding Internal Borrowings to fund capital program:

Capital Legacy Reserve Fund Principal Repayable Loans Municipal Land Reserve Fund Principal Repayable Loans

(61,705) (43,660)

Total Internal Borrowings

$ (105,365)

85