City of Surrey 2019 Annual Financial Report

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS  CITY OF SURREY

For the year ended December 31, 2019 [tabular amounts in thousands of dollars]

12. ACCUMULATED SURPLUS Accumulated surplus consists of individual fund surpluses, reserves and equity in tangible capital assets. The City’s Accumulated surplus is as follows:

2019

2018

Accumulated Surplus per Statement of Financial Position

$ 9,339,851

$ 9,050,331

Less: Tangible Capital Assets

9,295,668 (207,326) 9,088,342

8,982,600

Debt funded assets

(214,782)

Invested in tangible capital assets

8,767,818

Gross

Allocations

Gross

Allocations

Reserves set aside by Council Capital legacy

-

47,847 53,947 25,714 28,003 17,408 17,417

(47,847) (42,078) (13,972) (15,216) (9,459) (9,464) (3,700) (1,440)

47,329 39,002 32,611 22,521 22,372 17,015

(47,329) (39,002) (5,898) (4,072) (4,045) (3,076) (1,220)

- -

11,869 11,742 12,787

Municipal land

Equipment and building replacement

26,713 18,449 18,327 13,939

Neighborhood concept plans

7,949 7,953 3,109 1,211

Park land acquisition

Local improvement financing Environmental stewardship

6,809 2,651 1,362

6,749 2,629 1,351

5,529 2,154 1,107

Parking space Water claims

(475) (244)

622 270

(740) (321)

Affordable housing

591

23

(4)

19

57,512

201,749

191,602

86,237

Internal borrowing to fund capital program

(144,237)

(105,365)

Other appropriated funds Infrastructure replacement

-

(20,546) 13,490 13,253

20,546

(28,318) 13,490 11,732

28,318

-

12,116 11,903

Revenue stabilization

(1,374) (1,350)

(1,908) (1,659) (1,170) (1,002)

11,582 10,073

Self insurance

7,433 6,361 4,577

Operating contingency and emergencies

8,276 7,082 4,577

(843) (721)

8,276 7,082 4,197

7,106 6,080 4,197

Environmental emergencies

Prepaid expenses

- -

- -

874

Inventories of supplies

874

760

760

143,326 186,590

Committed funds

159,584 186,590

(16,258)

159,647 176,866

(22,579)

137,068 176,866

-

-

Other Entities Surrey City Development Corporation Surrey Homelessness and Housing Society

(4,841)

6,834 6,019

5,748

(9)

Innovation Boulevard

48

898

12,901

Total Appropriated Funds Unappropriated Surplus

9,333,342

9,043,822

$

6,509

$

6,509

64