Annual Report 2014

City of Surrey

Schedule 10 Reserves, Contingencies and Surplus

For the year ended December 31, 2014, with comparative figures for 2013

2014

2013

2012

2011

2010

(recast - note 2)

(recast - note 2)

(recast - note 2)

(recast - note 2)

RESERVE FUNDS Equipment and building replacement

$ 35,888

$ 34,836

$ 36,653

$ 38,157

$ 40,268

2,854

Capital legacy

23,998 23,545 14,654 (1,378)

12,757 21,439 14,273 (8,205)

28,417 20,657 14,435

30,424 19,460 13,847

23,836 15,173

Neighborhood Concept Plans Local improvement financing

-

Municipal land

1,665 6,359 9,040 1,255 1,202

7,626 6,908 5,027 1,226 1,174

6,448 8,876 1,315 1,260

Environmental stewardship

6,558 5,186 1,299 1,244

6,580 2,984 1,280 1,226

Park land acquisition

Water claims Parking space

8

Affordable housing

33

18

67

5

$ 95,658

$ 109,975

$ 89,005

$ 121,254

$ 125,965

UNAPPROPRIATED SURPLUS General operating fund

$

7,831

$

7,831

$

6,348

$

8,793

$ 12,519

(6,998)

Employee future benefits Water operating fund Sewer operating fund

(6,998)

(6,998)

(6,998)

(6,998)

3,000 3,000

3,000 3,000

3,000 3,000

3,000 3,000

3,000 3,000

(325)

Library Services

(324)

(324)

(324)

(324)

6,508

6,509

5,026

7,471

11,197

Other Entities: Surrey City Development Corp

(105,265)

(58,707)

(18,472)

(13,229)

(96,505)

8,212

Surrey Homelessness and Housing Society

8,380

8,692

8,720

8,847 6,815

$ (90,545)   $ (81,616)  $ (44,989)  $ (2,281)  $

APPROPRIATED SURPLUS Infrastructure replacement

$

6,103

$ 49,376

$ 46,154

$ 58,018

$ 53,830

15,982 13,250

Self insurance

16,138 12,661

14,755 12,661

14,442

18,554

Revenue stabilization

9,723 7,042 5,771 1,725 1,012

9,124 7,042 5,206 1,495 1,002

8,758 5,346 3,962 1,011

Operating contingency and emergencies

7,042 2,852 3,299 1,010

7,042 5,928 2,941 1,030

Environmental emergencies

Prepaid expenses

Inventories of supplies

$ 54,412

$ 92,378

$ 90,511

$ 97,733

$ 96,253

COMMITTED FUNDS General operating

$ 51,611

$ 50,786

$ 47,921

$ 43,784

$ 46,575

198

Library Services

219

250

608

532

24,232 18,779 38,406

Sewer operating and capital Drainage operating and capital Water operating and capital

27,378 14,630 35,549

29,251 13,413 37,345

20,862 11,129 33,731

20,898 13,512 33,268

$ 133,226

$ 128,562

$ 128,180

$ 110,114

$ 114,785

Tangible Capital Assets (note 12)

$ 7,988,160

$ 7,703,720

$ 7,402,088

$ 7,139,203

$ 6,974,182

(25,536) (171,734)

Internal borrowings Debt funded assets

-

-

- -

-

(86,044)

(35,721)

(158,199)

$ 7,790,890 $ 7,983,641

Total Equity in Tangible Capital Assets TOTAL ACCUMULATED SURPLUS

$ 7,545,521 $ 7,794,820

$ 7,316,044 $ 7,578,751

$ 7,103,482 $ 7,430,302

$ 6,974,182 $ 7,318,000

58