City of Surrey's Annual Financial Report 2020

STATISTICAL REVIEW

Net Tangible Capital Asset Acquisitions (in thousands)

Source: City of Surrey Finance Department

$500,000

$450,000

$477,440

$472,536

$447,084

$400,000

$350,000

$300,000

$314,994

$312,444

$250,000

$0 $50,000 $100,000 $150,000 $200,000

2016

2017

2018

2019

2020

Financial Statistics (in thousands)

Source: City of Surrey Finance Department

2020

2016

2017

2018

2019

Contribution to/(from) capital from equity

$

355,883 $

525,979 $

633,786 $

557,278 $

391,452 (118,966)

Contribution to/(from) reserves

(139,980)

(238,864)

(247,607)

(267,158)

-

-

-

-

Transfer to/(from) appropriated surplus

-

Annual Surplus

$

215,903 $

287,115 $

386,179 $

289,520 $

$272,486

Financial Assets

$

979,742 $

1,028,281 $

1,111,559 $

1,163,280 $

1,447,305 (1,101,386)

Liabilities (excluding Debt)

(696,503) (224,562)

(738,023) (267,219)

(819,761) (229,024)

(902,746) (221,777)

Debt

(214,230) 131,689

Net Financial Assets/(Debt)

$

58,677 $

23,039 $

62,774 $

38,757 $

Restricted Reserves/Appropriated Surplus $

195,736 $

186,740 $

208,821 $

228,755 $

247,337 (149,909) 240,162 9,274,747 9,612,337

Internal Borrowing

(64,806) 143,962

(78,695) 173,482

(105,365) 179,057 8,767,818

(144,237) 166,991 9,088,342

Unappropriated Surplus/Committed Funds Tangible Capital Assets (net of debt)

8,102,145

8,382,625

Accumulated Surplus

$

8,377,037 $

8,664,152 $

9,050,331 $

9,339,851 $

DEFINITIONS Annual Surplus/(Deficit) The statement of operations reports the surplus (or deficit) from

Accumulated Surplus/(Deficit) Financial assets can be used to discharge liabilities or provide services, while non-financial assets can normally be used only for service provision to accomplish its future objectives. Non-financial assets are added to net financial assets (or net financial debt) to calculate the accumulated surplus or deficit for the accounting period.

operations in the accounting period. Net Financial Assets/(Net Debt)

Net debt is measured as the difference between a government's liabilities and financial assets. Net debt provides a measure of the future revenues required to pay for past transactions and events. If the government's financial assets exceed its liabilities, then the indicator is a net financial asset position, indicating that there are net financial assets on hand, which can provide financial resources to finance future operations.

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