Annual Financial Report 2020

NOTESTOTHE CONSOLIDATED CITY OF SURREY  FINANCIAL STATEMENTS

For the year ended December 31, 2020 [tabular amounts in thousands of dollars]

22. COVID 19 SAFE RESTART GRANT

The BC Provincial Government’s COVID-19 Safe Restart grant was provided to local governments to support them as they dealt with the financial impacts of the COVID-19 pandemic.

23. BUDGET DATA

The budget data presented in these consolidated financial statements was included in the City of Surrey 2020-2024 Consolidated Financial Plan and was adopted through Bylaw #19959 on December 16, 2019. The following table reconciles the approved budget to the budget figures reported in these consolidated financial statements.

Budget Amount $ 1,166,500

Approved consolidated budgeted revenues

Approved consolidated budgeted expenditures

1,352,565 (186,065) 1,166,500

Transfers between funds

Less: Capital expenditures

(496,515)

Municipal debt principal repayments

(5,536)

Add: Transfers between funds

186,065 850,514

Total Expenses:

Annual surplus per statement of operations

$

315,986

24. COMPARATIVE FIGURES

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

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