City of Surrey's 2023 Annual Financial Report

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS CITY OF SURREY

For the year ended December 31, 2023 [tabular amounts in thousands of dollars]

Parks, Recreation and Culture

Police Services

General Government

Roads & Traffic Safety

Fire Services

Water

Segmented Information Revenues

Taxation, grants-in-lieu, assessments Collections for other authorities

$

- $

- $

1,050,771 $

37,062 $

4 $

- -

-

-

(533,367)

-

-

Taxation revenue

-

-

517,404 38,991 62,625 54,926 84,066 138,573 41,572 938,157

37,062

4

-

Sales of goods and services Development cost charges Developer contributions

2,177

32,606

3,274

94,646

5,830

- - -

-

-

-

- - - -

1,270

180,875

6,390

Investment income

40

-

494

Transfers from other governments

7,289

2,555 2,565

41,292 2,357

-

Other

103

1,434

(13)

9,569

39,036

264,860

102,968

5,817

Expenses Salaries and benefits

97,794

71,959

52,210

4,823

1,170

74,261

Police contracted services

138,030

-

-

-

-

-

Consulting and professional services Telephone and communications Regional district utility charges

3,832

5,264

11,189

987

2,852

308 197

750

331

626

34

18

-

-

-

-

62,675

-

Utilities

641

4,904 1,045 9,985

81

3,979

144

431

Garbage collection and disposal Maintenance and small equipment

23

1

-

-

29

1,817

9,040 4,231 4,420 3,215

239

80

1,609

Insurance and claims Leases and rentals Supplies and materials Advertising and media Grants and sponsorships

37

1

27

-

13

1,122 1,405

1,675 9,772

1,500 3,924

904

8

1,552

3,099

80

325

497

31

4

3

-

3,312 6,133 2,921 1,082

9,589

-

-

-

Contract payments

79

979

19,139

901

422

Other

3,118 (505)

2,815

430

46

1,545 (1,727)

Cost recoveries, net

(9,017) 8,425 2,704 14,009

11,270

8,169

Interest on debt

-

-

-

-

-

Other interests and fiscal services

42

557

20

(84)

12

Amortization expense

1,480

20,814

49,663

10,455

2,358

249,745

140,080

115,014

96,066

88,886

82,568

Excess (defciency) of revenues over expenses Transfer from (to) operating funds Transfer from (to) reserve funds Transfer from (to) capital funds

(240,176)

(101,044)

823,143

168,794

14,082

(76,751)

70,785

-

(123,694) (53,561)

30,569 32,756 (16,561)

1,269 7,793

-

3,832

(264)

(1,377)

661

262

43,846

(9,387)

-

Annual surplus (deficit)

$

(164,898) $

(101,046) $

689,734 $

215,558 $

13,757 $

(78,128)

80