City of Surrey 2016 Annual Report

NOTESTOTHE CONSOLIDATED CITY OF SURREY  FINANCIAL STATEMENTS

For the year ended December 31, 2016 [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:

2015 (recast – note 2)

2016

$

8,161,134

Accumulated Surplus per Statement of Financial Position

$

8,377,037

Less Restricted Funds:

Tangible capital assets Debt funded assets

8,123,149 (182,656) 7,940,493

8,312,963 (177,249) 8,135,714

Reserves set aside by Council Equipment and Building Replacement

33,670 22,783

34,325 22,648 18,687 16,143 15,638

Neighborhood Concept Plans

Park Land Acquisition

9,948

Local Improvement financing

15,689 19,486

Capital Legacy

Environmental Stewardship

6,536 1,535 1,328

6,559 1,586 1,338

Parking Space Water Claims

Affordable Housing

23

23

110,998 (23,213)

116,947 (15,040)

Internal borrowing

Restricted Reserves Infrastructure Replacement

(5,058) 13,989 15,053

(22,278)

Revenue Stabilization

16,589 13,113

Self-Insurance

Operating Emergencies Environmental Emergencies

8,782 7,420 3,997

8,782 7,420 4,517

Prepaid expenses

Inventories of supplies

857

880

Committed funds

147,662 192,702

163,821 192,844

Other Entities Surrey City Development Corporation Surrey Homelessness and Housing Society

(74,366)

(67,816)

8,012

7,879

(66,354)

(59,937)

8,154,626

Total Restricted Funds

8,370,528

$

6,508

Unappropriated Surplus

$

6,509

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