City of Surrey's Annual Financial Report 2020

SCHEDULE 4 CITY OF SURREY

*** Local Improvement Financing $ 7,953

Capital Projects Reserve

Deferred Development Charges $ 308,492

Environmental Stewardship

Parking Space

Water Claims

Affordable Housing

Reserves Subtotal

$

3,109

$

1,211

$

622

$

270

$

- - -

$ 57,512

-

-

-

-

-

-

58,772

82

76

30

16

7

1,131

2,623

- -

- -

408

- -

461

1,108

21,816

- -

-

(1)

-

67

82

76

438

16

467

1,108

23,014

61,395

304

(30)

- -

- -

- -

- -

22,841 (44,596)

-

-

-

(55,377)

(1,728) (1,424)

(609) (639)

(502) (502)

(126) (126)

(344) (344)

(697) (697)

-

-

(21,755)

(55,377)

$

6,611

$ 2,546

$

1,147

$

512

$

393

$

411

$ 58,771

$ 314,510

** Municipal Land Reserve Fund: The City borrows from this Fund to finance specified projects. Principal and interest repayment schedules are based upon reasonable business case plans approved by City Council.

Municipal Land Fund Prior to Borrowing Internal Borrowing (to) / from other reserves

$

63,463

-

Principal Repayable, Green Timbers

(15,151) **** (10,255) **** (8,733) **** (2,649) **** (1,406) **** (1,117) **** (1,120) ****

Principal Repayable, City Works Yard Expansion Land Loan

Principal Repayable, Other Land Loans

Principal Repayable, City Centre Social Lands Loan

Principal Repayable, Social Housing Loan Principal Repayable, City Parkway Principal Repayable, University Drive

Funds on Hand for Financing Projects

$

23,032

**** Total Outstanding Internal Borrowings to fund capital program: Capital Legacy Reserve Fund Principal Repayable Loans

(109,478) (40,431) (149,909)

Municipal Land Reserve Fund Principal Repayable Loans

Total Internal Borrowings

$

87