| 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 |