City of Surrey's Annual Financial Report 2020

FINANCIAL STATEMENTS

38

Audit Committee

40

Financial Management and Control

41

Report from the General Manager, Finance

42

City of Surrey Financial Statements

45 46 48 49 50 51 52

City of Surrey, Independent Auditor’s Report Consolidated Statement of Financial Position Consolidated Statement of Operations

Consolidated Statement of Changes in Net Financial Assets

Consolidated Statement of Cash Flows

Notes to the Consolidated Financial Statements

Supplementary Financial Information

81

Permissive Exemptions

89

STATISTICAL REVIEW

104

Population

105 105 106 106 107 107 108 109 109 109 110 111 111 112 112 113 113 114 114 115 115 116 117

Average Residential Tax and Utilities Bill 2020 Average Residential Tax and Utilities Bill

2020 Taxable Assessment and Taxation by Property Class Taxable Assessment and Property Tax Notice Statistics

Assessment for Taxation

2020 Household Expenditures versus City Services

Building Permits

Construction Value of Building Permits Issued

Commercial and Industrial Development Approved in Surrey

Top 10 Employers in Surrey in 2020

Unemployment Rates

Full-time Equivalent Employees

Surrey's Business Distribution by Sector

Consolidated Debt per Capita

Gross Debt Supported by Property Tax Versus Total Debt 2020 Debt Servicing Costs Compared to General Taxation Revenue

Revenue Trend by Source of Revenue

Expenses Trend by Function

Net Tangible Capital Asset Acquisitions

Financial Statistics

Consolidated Revenues Consolidated Expenses

Reserves, Committed Funds and Surplus

118 - 119