City of Surrey Annual Financial Report

SCHEDULE 4 CITY OF SURREY

*** Local Improvement Financing

Deferred Development Charges

Environmental Stewardship Parking Space

Water Claims

Affordable Housing

Reserves Subtotal

$

13,939

$

5,529

$

2,154

$

1,107

$

19

$

86,237

$

277,681 105,804

-

-

-

-

- -

-

58

57

22

11

815

1,837

- -

- -

- -

- -

568

30,582

- -

-

-

58

57

22

11

568

31,397

107,641

344

4

- -

- -

- -

14,296

-

-

(1)

(74,419)

(76,830)

(6,388) (6,044)

(2,480) (2,477)

(965) (965)

(496) (496)

(317) (317)

1

-

(60,122)

(76,830) 308,492

$

7,953

$

3,109

$

1,211

$

622

$

270

$

57,512

$

** Municipal Land Reserve Fund: The City borrows from this Fund to finance specified projects. Principal and interest repayment schedules are based upon reasonable business case plans approved by City Council.

Municipal Land Fund Prior to Borrowing

$ 53,947

Internal Borrowing (to) / from other reserves

-

Principal Repayable, Green Timbers

(15,813)**** (10,798)**** (8,849)**** (2,854)**** (1,454)**** (1,160)**** (1,096)****

Principal Repayable, City Works Yard Expansion Land Loan

Principal Repayable, Other Land Loans

Principal Repayable, City Centre Social Lands Loan

Principal Repayable, Social Housing Loan

Principal Repayable, City Parkway

Principal Repayable, University Drive

Principal Repayable, Bridgeview Ind. Land Loan

(54)****

Funds on Hand for Financing Projects

$ 11,869

**** Total Outstanding Internal Borrowings to fund capital program: Capital Legacy Reserve Fund Principal Repayable Loans

(102,159) (42,078)

Municipal Land Reserve Fund Principal Repayable Loans

Total Internal Borrowings

$ (144,237)

85