City of Surrey Annual Financial Report

FINANCIAL STATEMENTS

Report from the General Manager, Finance

40

City of Surrey Financial Statements

43 44 46 47 48 49 50 78 79

City of Surrey, Independent Auditor’s Report Consolidated Statement of Financial Position Consolidated Statement of Operations

Consolidated Statement of Changes in Net Financial Assets (Debt)

Consolidated Statement of Cash Flows

Notes to the Consolidated Financial Statements

Schedule 1 Tangible Capital Assets Supplementary Financial Information

Permissive Exemptions

87

STATISTICAL REVIEW

100

Population

101 101 102 102 103 103 104 105 105 105 106 107 107 108 108 109 109 110 110 111 111 112 113

Average Residential Tax and Utilities Bill 2019 Average Residential Tax and Utilities Bill

2019 Taxable Assessment and Taxation by Property Class

Taxable Assessment and Taxation Statistics

Assessment for Taxation

2019 Household Expenditures versus City Services

Building Permits

Construction Value of Building Permits Issued

Commercial and Industrial Development Approved in Surrey

Top 10 Employers in Surrey in 2018

Unemployment Rates

Full Time Equivalent Employees

Surrey's Business Distribution by Sector

Consolidated Debt per Capita

Gross Debt Supported by Property Tax Versus Total Debt 2019 Debt Servicing Costs Compared to General Taxation Revenue

Revenue Trend by Source of Revenue

Expenses Trend by Function

Net Tangible Capital Asset Acquisitions

Financial Statistics

Consolidated Revenues Consolidated Expenses

Reserves, Committed Funds and Surplus

114 - 115