Annual Report 2014

City of Surrey Water Operating Fund Schedule 6

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

2014 Utility Rates Budget

2014

2013

(Schedule 2)

REVENUES Taxation revenue

$

190

$

125

$

117

64,712

Sales of goods and services

64,951

61,204

10

Developer contributions

-

-

1,082

Investment income

1,157

1,357

900

Other

642

823

66,894

66,875

63,501

EXPENSES Water

57,681

60,776

54,832

16

Engineering

-

57,697

60,776

54,832

Excess of Revenues over Expenses

9,197

6,099

8,669

(14,782)

Transfers to other funds and reserves

(6,099)

(12,606)

ANNUAL SURPLUS (DEFICIT)

(5,585)

-

(3,937)

86,166

Accumulated Surplus, beginning of year

90,103

$ 80,581

Accumulated Surplus, end of year

$

-

$ 86,166

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

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