Annual Report 2014

City of Surrey Surrey City Energy Operating Fund Schedule 10

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

2014 Budget

2014

2013

(Schedule 2)

REVENUES Developer contributions

$

104

$

-

$

8

104

-

8

EXPENSES Surrey City Energy

310

425

420

310

425

420

Excess (Deficiency) of Revenues over Exp.

(206)

(425)

(412)

(1,757)

Transfers from other funds and reserves

425

(116)

ANNUAL SURPLUS

(1,963)

-

(528)

(1,622)

Accumulated Surplus, beginning of year

(1,094)

$ (3,585)   $ (1,622)

Accumulated Surplus, end of year

$

-

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

55