Annual Financial Report 2017

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2017 Annual Financial Report	1
Table of Contents	2
Introduction	4
Message from the Mayor	4
City Council & Surrey Officers	5
Organizational Chart	6
Canadian Award for Financial Reporting	7
City of Surrey Overviews	9
Awards	11
City Manager's Department	13
Corporate Services Department	15
Engineering Department	17
Finance Department	19
Fire Department	21
Investment & Intergovernmental Relations Department	23
Parks, Recreation & Culture Department	25
Planning & Development Department	27
RCMP	29
Surrey Public Library	31
Performance Measures	33
Financial Statements	44
Audit Committee	45
Report from the General Manager, Finance	46
City of Surrey Financial Statements	48
Independent Auditor's Report	49
Consolidated Statement of Financial Position	50
Consolidated Statement of Operations	51
Consolidated Statement of Changes in Net Financial Assets (Debt)	52
Consolidated Statement of Cash Flows	53
Notes to the Consolidated Financial Statements	54
Supplementary Financial Information	80
Surrey Public Library Financial Statements	91
Independent Auditor's Report	93
Statement of Financial Position	94
Statement of Operations	95
Statement of Change in Net Debt	96
Statement of Cash Flows	97
Notes to the Financial Statements	98
Supplemenatry Financial Information	104
Permissive Exemptions	107
Statistical Review	126
Population	127
Average Residential Tax and Utilities Bill	127
2017 Average Residential Tax and Utilities Bill	128
2017 Taxable Assessment and Taxation by Property Class	128
Taxable Assessment and Taxation Statistics	129
Assessment for Taxation	129
2017 Household Expenditures versus City Services	130
Building Permits	131
Construction Value of Building Permits Issued	131
Commercial and Industrial Development Approved in Surrey	131
Largest Employers in Surrey	132
Unemployment Rates	132
Full Time Equivalent Employees	132
Surrey's Business Distribution by Sector	134
Consolidated Debt per Capita	134
Gross Debt Supported by Property Tax versus Total Debt	135
2017 Debt Servicing Costs Compared to General Taxation Revenue	135
Revenue Trend by Source of Revenue	136
Expenses Trend by Function	136
Net Tangible Capital Asset Acquisitions	136
Financial Statistics	136

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