City of Surrey 2016 Annual Report

SCHEDULE 9 UNAUDITED PARKING OPERATING FUND  CITY OF SURREY

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

2016 Budget

2015

2016

(Schedule 2)

REVENUES Sales of goods and services

$

2,763

$

716

$

2,766

Other

-

-

615

2,763

716

3,381

EXPENSES Parking

859 859

435 435

1,229 1,229

1,904

281

Excess of Revenues over Expenses

2,152

Transfers to other funds and reserves

(1,904)

(2,316)

(1,552)

ANNUAL SURPLUS (DEFICIT) Accumulated Deficit, beginning of year

-

(2,035)

600

- -

(10,206)

(12,241)

Accumulated Deficit, end of year

$

$ (12,241)

$ (11,641)

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

84