City of Surrey's 2023 Annual Financial Report

STATISTICAL REVIEW

Reserves, Committed Funds and Surplus (in thousands)

Source: City of Surrey Finance Department

2023

2019

2020

2021

2022

Reserve Funds (before internal borrowing) Capital legacy

$

50,121 108,115 37,391 67,829 10,067 18,648

$

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

$

48,981 63,463 29,067 31,227

$

49,317 69,894 37,959 41,618 13,600 18,104

$

49,539 112,928 39,336 53,534

Municipal land

Equipment and building replacement

Neighbourhood concept plans

Park land acquisition

4,651

6,217

Local improvement financing Environmental stewardship

17,803

18,372

7,040 9,398 1,396 7,101

6,809 2,651 1,362

6,855 3,089 1,378 1,058 1,108

6,945 3,746 1,382 2,100

6,958 9,410 1,386 3,715

Parking space Water claims

Affordable housing

591

79,088 64,879 461,073

Capital projects

- -

30,412

65,176

BC Growing Communities Fund

-

-

-

$

$

201,749

$

208,680 $

275,077

$

366,571

Internal Borrowing

$

(63,032)

$

(144,237)

$

(149,909)

$

(126,035)

$

(103,160)

Appropriated Surplus (before allocations) Infrastructure replacement

$

$

58,571 22,390 13,540 14,510

$

(14,546) 13,490 13,253

$

(3,687)

$

19,616 13,490 12,328

43,475 13,490 12,193

Revenue stabilization

13,490 12,825

Self insurance

Operating contingency and emergencies

8,276 7,082 4,577

8,607 7,082 5,352

8,610 7,210 6,776 1,195

8,610 7,244 7,464 1,917

7,277 8,513 1,828

Environmental emergencies

Prepaid expenses

Inventories of supplies

874

988

436,298 562,927

Committed funds

160,093

249,660

288,311 357,536

300,945 395,338

$

294,317 $

$

$

193,099 $

Certain comparative information has been reclassified to conform to the financial statement presentation adopted in the current year.

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