City of Surrey's 2025 Annual Financial Report

STATISTICAL REVIEW

Accumulated Surplus (in thousands)

Source: City of Surrey Finance Department

2025

2021

2022

2023

2024

Reserves Set Aside by Council (before internal borrowing) Affordable housing $ 2,100 $

$

14,737 16,992

3,715

$

7,101

$

11,497 13,355 33,158 51,880 96,703 33,710 19,106 112,229 82,969 7,274

Amenity Space

- -

- -

-

9,211

BC Growing Communities Fund

64,879 50,121 79,088 37,391 18,648 108,115 67,829 10,067 7,040

87,692 108,636

Capital legacy

49,317 30,412

49,539 65,176

Capital Projects Reserve Environmental stewardship

7,609

6,945

6,958

31,993 19,690 111,534 99,896

Equipment and building replacement

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

39,336 18,372 112,928 53,534

Local improvement financing

Municipal land

Neighbourhood Concept Plans

6,049 9,850 1,491

Park land acquisition

6,217 9,410 1,386

2,985 9,462 1,435

Parking space Water claims

3,746 1,382

9,398 1,396

$

525,380

$

275,077

$

366,571

$

461,073

$

475,763

Internal Borrowing to Fund Capital

$

$

$

-

$

(126,035)

(103,160)

(63,032)

$

-

Other Appropriated Funds (before allocations) Environmental emergencies $

$

$

$

$

7,604

7,210

7,244

7,277

7,405

75,766 15,391 22,437 32,754 15,819 774,167 946,014 2,076

Infrastructure replacement

19,616

43,475

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

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

Operating contingency and emergencies

8,610

8,610

Revenue stabilization

13,490 12,328

13,490 12,193

Self insurance

Inventories of supplies

1,195 6,776

1,917 7,464

1,828 8,513

1,636

Prepaid expenses Committed funds

10,601 582,070

288,311

300,945

436,298

$

$

$

$

$

357,536

395,338

562,927

736,592

Other Entities Surrey City Development Corporation Surrey Homelessness and Housing Society

$

$

$

$

$

8,365 8,596 16,961

(15,252)

10,153 8,591

9,551 8,433

8,246 8,369

3,161

$

$

(12,091)

$

18,744

$

17,984

$

16,615

Tangible Capital Assets

$

10,974,524

$

9,631,885 (208,519)

$

9,935,948 (215,311)

$

10,249,683 (206,323)

$

10,590,549 (196,927)

(194,909)

Debt funded assets

Invested in Tangible Capital Assets

$

$

10,779,615

9,423,366

$

9,720,637

$

10,043,360

$

10,393,622

TOTAL ACCUMULATED SURPLUS

$

12,267,970

$

9,917,853

$

10,398,130

$

11,022,312

$

11,622,592

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

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