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]

12. ACCUMULATED SURPLUS

Accumulated surplus consists of individual fund surpluses, reserves and equity in tangible capital assets. The City’s accumulated surplus is as follows:

2020

2019

Accumulated Surplus per Statement of Financial Position

$ 9,612,337

$ 9,339,851

9,474,308

Tangible Capital Assets

9,295,668

(199,561)

Debt funded assets

(207,326)

9,274,747

Invested in tangible capital assets

9,088,342

Gross Allocations

Gross Allocations

Reserves set aside by Council Capital legacy

-

48,981 63,463 29,067 31,227 4,651 17,803 6,855 3,089

(48,981) (40,431) (18,272) (19,630) (2,924) (11,192) (4,309)

47,847 53,947 25,714 28,003 17,408 17,417

(47,847) (42,078) (13,972) (15,216) (9,459) (9,464) (3,700) (1,440)

-

23,032 10,795 11,597

Municipal land

11,869 11,742 12,787

Equipment and building replacement

Neighborhood concept plans

1,727 6,611 2,546 1,147

Park land acquisition

7,949 7,953 3,109 1,211

Local improvement financing Environmental stewardship

6,809 2,651 1,362

Parking space Water claims

(1,942)

512 393 411

1,378 1,058 1,108

(866) (665) (697)

(740) (321)

622 270

Affordable housing

591

Capital projects

-

-

-

58,771

208,680

201,749

57,512

Internal borrowing to fund capital

(149,909)

(144,237)

Other appropriated funds Infrastructure replacement

-

(9,687)

9,687 (449) (427) (286) (236)

(20,546)

20,546

-

13,041 12,398

Revenue stabilization

13,490 12,825

13,490 13,253

(1,374) (1,350)

12,116 11,903 7,433 6,361 4,577

Self insurance

8,321 6,846 5,352

Operating contingency and emergencies

8,607 7,082 5,352

8,276 7,082 4,577

(843) (721)

Environmental emergencies

Prepaid expenses

- -

- -

988

Inventories of supplies

988

874

874

240,862 287,808

Committed funds

249,151

(8,289)

159,584 186,590

(16,258)

143,326 186,590

287,808

-

-

Other Entities Surrey City Development Corporation Surrey Homelessness and Housing Society

(19,213)

(4,841)

3,710

5,748

5

Innovation Boulevard

(9)

(15,498)

898

Total Appropriated Funds Unappropriated Surplus

9,605,828 $ 6,509

9,333,342

$ 6,509

66