City of Surrey Annual Financial Report
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Table of contents
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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
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