Annual Report 2014

Statistical review

Financial Statistics* (in thousands)

Source: City of Surrey Financial Services Division

2014

2010

2011

2012

2013

$ 490,458

Contribution to / (from) capital from equity

$ 282,491

$ 200,199

$ 274,766

$ 368,451

(301,637)

Contribution to / (from) reserves

(84,497)

(87,183)

(124,650)

(152,382)

-

Transfer to / (from) appropriated surplus

-

(1,911)

(2,449)

-

Annual Surplus

$ 188,821

$ 197,994

$ 111,105

$ 147,667

$ 216,069

Accumulated Surplus Net Financial Assets

$ 7,983,641

$ 7,318,000 $ 321,861

$ 7,430,302 $ 288,362

$ 7,578,751 $ 172,692

$ 7,794,820

$

(9,492)

$

86,791

* Public Sector Accounting Board (PSAB) Sections 1200 Financial Statement Presentation and 3150 Tangible Capital Assets were implemented January 1, 2009, changing accounting policy. The changes were applied retroactively to 2009.

Definitions

Annual Surplus / (Deficit) The statement of operations reports the surplus (or deficit) from operations in the accounting period. Accumulated Surplus / (Deficit) Financial assets can be used to discharge liabilities or provide services, while non-financial assets can normally be used only for service provision to accomplish its future objectives. Non-financial assets are added to net financial assets (or net debt) to calculate the accumulated surplus or deficit for the accounting period.

Net Financial Assets / (Net Debt) Net debt is measured as the difference between a government's liabilities and financial assets. Net debt provides a measure of the future revenues required to pay for past transactions and events. If the government's financial assets exceed its liabilities, then the indicator is a net financial asset position, indicating that there are net financial assets on hand, which can provide financial resources to finance future operations.

Net Tangible Capital Asset Acquisitions (in thousands)

Source: City of Surrey Financial Services Division

$500,000

$435,923

$400,000

$424,699

$382,805

$300,000

$318,294

$252,618

$200,000

$100,000

$0

2010

2011

2012

2013

2014

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