City of Surrey 2016 Annual Report

SCHEDULE 7 UNAUDITED SEWER OPERATING FUND  CITY OF SURREY

For the year ended December 31, 2016, with comparative figures for 2015 [in thousands of dollars]

2016 Utility Rates Budget

2015

2016

(Schedule 2)

REVENUES Taxation revenue

$

1,935

$

2,533

$

2,244

Sales of goods and services

45,894

46,129

48,015

Developer contributions

-

8

-

Investment income

528 240

496 451

375 464

Other

48,597

49,617

51,098

EXPENSES Sewer

45,048 45,048

41,023 41,023

43,480 43,480

Excess of Revenues over Expenses

3,549

8,594

7,618

Transfers to other funds and reserves

(3,549)

(3,850)

(7,192)

ANNUAL SURPLUS

-

4,744

426

Accumulated Surplus, beginning of year

- -

49,119

53,863

Accumulated Surplus, end of year

$

$ 53,863

$ 54,289

The 2016 Tax Levy Budget was used to determine 2016 taxation rates.

82