Annual Financial Report 2017

SCHEDULE 3 CITY OF SURREY

**Local Improvement Financing

****Deferred Development Charges

Environmental Stewardship

“Water Claims”

Affordable Housing

Parking Space

Reserves Subtotal

Future Commitments

$ 6,559

$ 16,143

$ 1,338

$

23

$ 1,586

$ 116,947

$ 266,968

$ 175,226

-

-

-

-

-

-

91,108

-

36

44

7

-

9

609

1,181

-

-

-

-

-

160

26,189

-

-

-

-

-

-

-

821

-

-

36

44

7

-

169

27,619

92,289

-

(66)

(404)

-

-

(863)

(31,543)

-

-

-

-

-

-

-

72,640

(104,963)

75,915

-

-

-

-

-

(21,438)

(21,438)

-

(66)

(404)

-

-

(863)

19,659

(126,401)

75,915

$ 6,661

$ 16,591

$ 1,345

$

23

$ 2,618

$ 124,907

$ 232,856

$ 251,141

*** 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 Internal Borrowing from Reserves Principal Repayable, City Centre Land Loan Principal Repayable, City Centre Social Lands Loan Principal Repayable, City Works Yard Expansion Land Loan

$ 22,649

20,926 (8,706) (3,164) (11,827) (1,029) (1,179) (1,474)

Principal Repayable, University Drive Principal Repayable, City Parkway Principal Repayable, Social Housing Loan Principal Repayable, Bridgeview Ind. Land Loan

(54)

Principal Repayable, Green Timbers Funds on Hand for Financing Projects

(16,142)

$

-

**** Deferred Development Charges: The City borrowed from this Fund to resolve revolving fund shortfall. Principal and interest to be repaid. Deferred Development Cost Charges

$ 254,294

Less: Internal borrowings

(21,438)

Funds on Hand for Financing Projects

$ 232,856

79