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]

23. Budget data

The budget data presented in these consolidated financial statements was included in the City of Surrey 2014 – 2018 Consolidated Financial Plan and was adopted through By-law #18109 on January 13, 2014. The following table reconciles the approved budget to the budget figures reported in these consolidated financial statements.

Budget Amount

Revenues:

Approved consolidated budget

$

891,663

Less:

Borrowing proceeds

(8,000)

Total Revenues

883,663

Expenses:

Approved consolidated budget

1,108,507

Transfers between funds

(216,844) 891,663

Less:

Capital expenditures

(457,864)

Add:

Transfers between funds

216,844

Total Expenses

650,643

Annual surplus per statement of operations

$

233,020

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