Annual Report 2014

City of Surrey Drainage Operating Fund Schedule 8

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

$ 28,996

$ 29,419

$ 21,456

49

Developer contributions

-

10

184

Investment income

-

201

67

Other

117

71

29,296

29,536

21,738

EXPENSES Drainage

20,867

14,631

10,478

20,867

14,631

10,478

Excess of Revenues over Expenses

8,429

14,905

11,260

(4,280)

Transfers to other funds and reserves

(14,905)

(10,043)

ANNUAL SURPLUS

4,149

-

1,217

14,630

Accumulated Surplus, beginning of year

13,413

$ 18,779

Accumulated Surplus, end of year

$

-

$ 14,630

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

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