City of Surrey 2019 Annual Financial Report

CONSOLIDATED STATEMENT OF CITY OF SURREY OPERATIONS

For the year ended December 31, 2019, with comparative figures for 2018 [in thousands of dollars]

2019 Budget

2019

2018

(Note 21)

REVENUES Taxation revenue (Note 16) Sales of goods and services

$ 438,805

$ 433,968

$ 420,145

266,705

256,814 195,310 149,748 22,130 62,319 59,236

250,281

76,830

68,353

Development cost charges (Note 7)

218,080 28,643 28,926 73,956

Developer contributions

263,556 22,633 51,722 82,541

Investment income

Transfers from other governments (Note 20)

Other (Note 17)

TOTAL REVENUES

1,131,945

1,179,525

1,159,231

EXPENSES Police services

166,653 122,709 119,527 72,761 76,183 68,559 71,354 38,308 36,337 30,401 20,867 13,073

172,623 121,461 92,314 71,236 76,919 67,809 72,395 35,792 34,558 31,575 21,144 13,520

161,096 118,159 83,649 72,006 72,964 64,669 63,274 35,147 35,062 29,524 20,157 13,561

Parks, recreation and culture

General government

Roads and traffic safety

Water

Fire services

Sewer

Solid waste

Drainage

Planning and development

Library services

Engineering

2,695 2,998

Surrey City Energy

2,274 2,482

1,399 2,385

Parking

TOTAL EXPENSES

842,425

816,102

773,052

ANNUAL SURPLUS

289,520

363,423

386,179

9,050,331

Accumulated Surplus, beginning of year

9,050,331

8,664,152

$ 9,339,851

Accumulated Surplus, end of year

$ 9,413,754

$ 9,050,331

To be read in conjunction with the Notes to the Consolidated Financial Statements

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