City of Surrey 2017 - 2021 Financial Plan

Major Revenue Sources

Money Market Portfolio

Surrey’s Money Market Portfolio is comprised of investments that will mature within one year. This portfolio represents 40% of the City’s investments. Cash holdings account for 4% of the portfolio.

Intermediate Portfolio

The intermediate portfolio is comprised of investments with a term greater than one year and less than two years. This portfolio represents 23% of the City’s investments.

Bond Portfolio

The bond portfolio is comprised of investments with a term greater than two years and less than ten years. This portfolio represents 33% of the City’s investments.

City of Surrey Investments by Category December 31, 2016

1.3%

4.4%

Credit Unions Provinces

37.2%

Schedule I Banks Schedule II Banks Bank Balane

45.3%

11.8%

Source: City of Surrey Finance Department

Portfolio Mix

The City’s investment portfolio consists of securities purchased from Canadian Schedule 1 Banks (46%), Canadian Provinces and Provincial institutions (12%), British Columbia Credit Unions (37%), Cash Holdings (4%), and Canadian Schedule 2 Banks (1%).

2017-2021 FINANCIAL PLAN

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