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]

16. TAXATION REVENUE

2019

2018

Tax collected: Property taxes

$

363,342 357,855 56,426 18,539

$

348,065 317,471 55,138 16,626

Collections for other authorities

Parcel taxes

Grants-in-lieu of taxes

498

Other

316

796,660

737,616

Less transfers to other authorities: Province of BC - School Taxes Greater Vancouver Regional District

(262,525) (8,083) (7,975) (50,333) (28,939) (357,855) 438,805

(241,267) (7,676) (7,766) (46,500) (14,262) (317,471) 420,145

BC Assessment Authority

Greater Vancouver Transportation Authority

Other

Taxation revenue

$

$

17. OTHER REVENUE

2019

2018

$

36,898 13,399

Licenses and permits

$

33,713 13,286

Leases and rentals

6,402 5,112

Penalties and interest on taxes

5,365 7,130

Miscellaneous

12,145

Gain on sale of assets

15,709

-

7,338

Gain on sale of partnership (Note 1(b)(iv)(iii))

$

73,956

$

82,541

68