Annual Report 2014

City of Surrey

Notes to the Consolidated Financial Statements For the year ended December 31, 2014 [tabular amounts in thousands of dollars]

13. Accumulated surplus

Accumulated surplus consists of individual fund surplus and reserves. Operating surplus for the City is as follows:

2014

2013 (recast – note 2) $ 7,794,820

Accumulated Surplus per Statement of Financial Position

$ 7,983,641

Less Restricted Funds:

7,988,160 (25,536) (171,734)

Tangible capital assets Internal borrowing Debt funded assets

7,703,720

-

(158,199)

7,790,890

7,545,521

Reserves set aside by Council Equipment and Building Replacement

35,888

34,836 23,998 23,545 14,654 (1,378)

2,854

Capital Legacy

23,836 15,173

Neighborhood Concept Plans Local Improvement Financing

-

Municipal Land

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

Environmental Stewardship

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

Park Land Acquisition

Water Claims Parking Space

8

Affordable Housing

33

95,658

109,975

Restricted Reserves Infrastructure Replacement

6,103

49,376 16,138 12,661

15,982 13,250

Self-Insurance

Revenue Stabilization Operating Emergencies Environmental Emergencies

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

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

Prepaid Expenses

Inventories of Supplies

133,226 187,638

Committed Funds

128,562 220,940

Other Entities Surrey City Development Corporation Surrey Homelessness and Housing Society

(105,265)

(96,505)

8,212

8,380

(97,053)

(88,125)

Total Restricted Funds

7,977,133

7,788,311

Unappropriated Surplus

$

6,508

$

6,509

29