City of Surrey's Annual Financial Report 2020

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS  CITY OF SURREY

For the year ended December 31, 2020 [tabular amounts in thousands of dollars]

2. ACCOUNTS RECEIVABLE

2020

2019

$

40,166 63,864 23,033 19,084

General and other accounts receivable

$

39,282 78,772 23,590 18,025 10,034

Development cost charges

Property taxes

Utility rate charges

9,539 2,152 2,684

Local improvement receivable Due from other authorities MFA debt reserve fund receivable

4,327 2,630

131

Tax sale properties

35

$

160,653

$

176,695

3. INVESTMENTS

a)

Portfolio Investments

2020

2019

$

199,985 114,193 60,015 374,193

Maturing within one year Maturing within two years Maturing within ten years

$

398,583 59,492 154,610 612,685

City investments (i)

955

SCDC investments (ii) SHHS investments (iii)

955

3,601

5,938

$

378,749

$

619,578

i) City investments had an average portfolio yield of 2.30% (2019 – 2.66%). All City investments can be liquidated on demand but may have associated penalties on liquidation. ii) SCDC investments includes term deposits that had an average portfolio yield of 1.90% (2019 – 2.35%) along with GICs with a maturity date of September 17, 2021 and a yield of 0.10% (2019 – 1.90%). iii) SHHS investments includes a diversified portfolio of fixed income and equity securities held by SHHS with an average yield rate of 16.69% (2019 – 14.96%), for the purpose of supporting programs and projects related the objectives of the SHHS.

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