Annual Report 2014

City of Surrey

Schedule 5 Roads & Traffic Safety Operating Fund

For the year ended December 31, 2014, with comparative figures for 2013 [in thousands of dollars]

2014 Budget

2014

2013

(Schedule 2)

REVENUES Taxation revenue

$ 16,224

$ 14,569

$ 13,169

758

Sales of goods and services

1,165

358

24

Developer contributions

-

37

1,038

Transfers from other governments

-

283

439

Other

-

382

18,483

15,734

14,229

EXPENSES Roads & traffic safety

31,909

31,480

24,200

31,909

31,480

24,200

Excess (Deficiency) of Revenues over Exp.

(13,426)

(15,746)

(9,971)

9,299

Transfers from other funds and reserves

15,746

15,253

ANNUAL SURPLUS

(4,127)

-

5,282

32,246

Accumulated Surplus, beginning of year

26,964

$ 28,119

Accumulated Surplus, end of year

$

-

$ 32,246

The 2014Tax Levy Budget was used to determine 2014 taxation rates.

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