City of Surrey's 2024 Annual Financial Report

STATISTICAL REVIEW

Accumulated Surplus (in thousands)

Source: City of Surrey Finance Department

2024

2020

2021

2022

2023

Reserves Set Aside by Council (before internal borrowing) Capital legacy $ 48,981 $

$

51,880 112,229 33,710 96,324

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

$

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

$

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

Municipal land

63,463 29,067 31,227

Equipment and building replacement

Neighbourhood concept plans

2,985

Park land acquisition

4,651

6,217

19,106

Local improvement financing Environmental stewardship

17,803

18,372

7,274 9,462 1,435

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

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

Parking space Water claims

11,497 96,703 33,158 475,763

Affordable housing

Capital projects

30,412

65,176

79,088 64,879 461,073

BC Growing Communities Fund

-

-

-

$

$

208,680 $

275,077

$

366,571 $

Internal Borrowing to Fund Capital

$

$

$

-

$

(149,909)

(126,035)

(103,160)

$

(63,032)

Other Appropriated Funds (before allocations) Infrastructure replacement $

$

19,616 $

$

$

64,613 22,390 33,136 14,741

(3,687) 13,490 12,825

43,475 13,490 12,193

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

Revenue stabilization

13,490 12,328

Self insurance

Operating contingency and emergencies

8,607 7,082 5,352

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

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

7,405

Environmental emergencies

7,277 8,513 1,828

10,601

Prepaid expenses

1,636

Inventories of supplies

988

582,070 736,592

Committed funds

249,660

288,311

300,945

436,298

$

$

$

395,338 $

$

294,317

357,536

562,927

Other Entities Surrey City Development Corporation Surrey Homelessness and Housing Society

$

$

8,246 8,369

(19,213)

$

(15,252)

$

10,153 $

9,551 8,433

3,710

3,161

8,591

-

Innovation Boulevard

5

-

-

-

$

$

16,615

(15,498)

$

(12,091)

$

18,744 $

17,984

Tangible Capital Assets

$

$

10,590,549

9,474,308 $

9,631,885 (208,519)

$

9,935,948 $

10,249,683

(196,927)

Debt funded assets

(199,561)

(215,311)

(206,323)

Invested in Tangible Capital Assets

$

$

10,393,622

9,274,747 $

9,423,366 $

9,720,637

$

10,043,360

TOTAL ACCUMULATED SURPLUS

$

11,622,592

$

9,612,337 $

9,917,853

$

10,398,130

$

11,022,312

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

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