City of Surrey 2019 Annual Financial Report

First page Table of contents Next page Last page

2019 Annual Financial Report	1
Table of Contents	2
Surrey at a Glance	5
Introduction	5
Message from the Mayor	6
City Council & Surrey Officers	7
Organizational Chart	8
Canadian Award for Financial Reporting	9
City of Surrey Overviews	11
Awards	13
City Manager’s Department	15
Corporate Services Department	17
Engineering Department	19
Finance Department	21
Fire Department	23
Investment & Intergovernmental Relations Department	25
Parks, Recreation & Culture Department	27
Planning & Development Department	29
Policing Transition Department	31
RCMP	33
Surrey Public Library	35
Performance Measures	37
City Manager	38
Corporate Services	39
Engineering	40
Finance	41
Fire	42
Investment Intergovernmental Relations	43
Parks, Recreation & Culture	44
Planning & Development	45
Policing Transition	45
RCMP	46
Surrey Public Library	47
Financial Statements	48
Report from the General Manager, Finance	50
City of Surrey Financial Statements	53
City of Surrey, Independent Auditor’s Report	54
Consolidated Statement of Financial Position	56
Consolidated Statement of Operations	57
Consolidated Statement of Changes in Net Financial Assets (Debt)	58
Consolidated Statement of Cash Flows	59
Notes to the Consolidated Financial Statements	60
Schedule 1 Tangible Capital Assets	88
Supplementary Financial Information	89
Permissive Exemptions	97
Statistical Review	110
Population	111
Average Residential Tax and Utilities Bill	111
2019 Average Residential Tax and Utilities Bill	112
2019 Taxable Assessment and Taxation by Property Class	112
Taxable Assessment and Taxation Statistics	113
Assessment for Taxation	113
2019 Household Expenditures versus City Services	114
Building Permits	115
Construction Value of Building Permits Issued	115
Commercial and Industrial Development Approved in Surrey	115
Top 10 Employers in Surrey in 2018	116
Unemployment Rates	117
Full Time Equivalent Employees	117
Surrey's Business Distribution by Sector	118
Consolidated Debt per Capita	118
Gross Debt Supported by Property Tax Versus Total Debt	119
2019 Debt Servicing Costs Compared to General Taxation Revenue	119
Revenue Trend by Source of Revenue	120
Expenses Trend by Function	120
Net Tangible Capital Asset Acquisitions	121
Financial Statistics	121
Consolidated Revenues	122
Consolidated Expenses	123
Reserves, Committed Funds and Surplus	124

Made with FlippingBook flipbook maker