City of Surrey 2016 Annual Report

FINANCIAL STATEMENTS

Report from the General Manager, Finance &Technology

38

City of Surrey Financial Statements City of Surrey, Independent Auditors’ Report Consolidated Statement of Financial Position

40

41

42 43 44 45 46 72 91 93 94 95 96 97 98

Consolidated Statement of Operations

Consolidated Statement of Changes in Net Financial Assets

Consolidated Statement of Cash Flows

Notes to the Consolidated Financial Statements

Supplementary Financial Information

Surrey Public Library Financial Statements Surrey Public Library, Independent Auditors’ Report

Statement of Financial Position

Statement of Operations

Statement of Change in Net Debt

Statement of Cash Flows

Notes to the Financial Statements Supplementary Financial Information

104

Permissive Exemptions

107

STATISTICAL REVIEW

122

Population

123 123 124 124 125 125 126 127 127 128 129 129 130 130 131 131 132 132 133 133

Average Residential Tax and Utilities Bill

2016 Average Residential Tax and Utilities Bill

2016 Taxable Assessment and Taxation by Property Class

Taxable Assessment and Taxation Statistics

Assessment for Taxation

2016 Household Expenditures versus City Services

Building Permits

Construction Value of Building Permits Issued

Largest Employers in Surrey

Unemployment Rates

Commercial and Industrial Development Approved in Surrey

Surrey's Business Distribution by Sector

Consolidated Debt per Capita

Gross Debt Supported by Property Tax Versus Total Debt

2016 Debt Servicing Costs Compared to General Taxation Revenue

Revenue Trend by Source of Revenue

Expenses Trend by Function

Net Tangible Capital Asset Acquisitions

Financial Statistics