Annual Report 2014

City of Surrey

Schedule 7 Sewer Operating Fund

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

$ 2,954

$

2,919

$

7,781

43,515

Sales of goods and services

43,517

40,209

788

Investment income

891

902

447

Other

218

416

47,704

47,545

49,308

EXPENSES Sewer

49,240

42,771

38,977

49,240

42,771

38,977

Excess of Revenues over Expenses

(1,536)

4,774

10,331

(11,673)

Transfers from (to) other funds and reserves

(4,774)

(7,421)

ANNUAL SURPLUS

(13,209)

-

2,910

62,328

Accumulated Surplus, beginning of year

59,418

$ 49,119

Accumulated Surplus, end of year

$

-

$ 62,328

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

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