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]

24. BUDGET DATA

The budget data presented in these consolidated financial statements was included in the City of Surrey 2016 – 2020 Consolidated Financial Plan and was adopted through By-law #18563 on March 7, 2016. The following table reconciles the approved budget to the budget figures reported in these consolidated financial statements.

Budget Amount

Revenues: Approved Consolidated budget

$

991,044

991,044

Total Revenues:

Expenses: Approved Consolidated budget

1,321,784 (330,740) 991,044

Transfers between funds

Less:

Capital expenditures

(598,308)

Municipal Debt

(10,429)

Add:

Transfers between funds

330,740 713,047

Total Expenses:

$

277,997

Annual surplus per statement of operations

25. COMPARATIVE FIGURES

Certain comparative information has been reclassified to conform to the financial statement presentation adopted in the current year.

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