City of Surrey's Annual Financial Report 2021

First page Table of contents Next page Last page

TABLE OF CONTENTS	II
INTRODUCTION	V
SURREY AT A GLANCE	V
MESSAGE FROM THE MAYOR	VI
CITY COUNCIL & SURREY OFFICERS	VII
ORGANIZATIONAL CHART	VIII
CANADIAN AWARD FOR FINANCIAL REPORTING	IX
CITY OF SURREY OVERVIEWS	1
AWARDS	3
STRATEGIC FRAMEWORK	5
CITY MANAGER'S DEPARTMENT	7
CORPORATE SERVICES DEPARTMENT	9
ENGINEERING DEPARTMENT	11
FINANCE DEPARTMENT	13
FIRE DEPARTMENT	15
INVESTMENT & INTERGOVERNMENTAL RELATIONS DEPARTMENT	17
PARKS, RECREATION & CULTURE DEPARTMENT	19
PLANNING & DEVELOPMENT DEPARTMENT	21
POLICING TRANSITION	23
RCMP	25
SURREY PUBLIC LIBRARY	27
PERFORMANCE MEASURES	28
CITY MANAGER	30
CORPORATE SERVICES	30
ENGINEERING	31
FINANCE	32
FIRE	33
INVESTMENT & INTERGOVERNMENTAL RELATIONS	33
PARKS, RECREATION & CULTURE	34
PLANNING & DEVELOPMENT	35
POLICING TRANSITION	35
RCMP	36
SURREY PUBLIC LIBRARY	37
FINANCIAL STATEMENTS	39
AUDIT COMMITTEE	40
FINANCIAL MANAGEMENT AND CONTROL	41
REPORT FROM THE GENERAL MANAGER, FINANCE	42
CITY OF SURREY FINANCIAL STATEMENTS	45
Independent Auditor’s Report	46
CONSOLIDATED STATEMENT OFFINANCIAL POSITION	48
CONSOLIDATED STATEMENT OF OPERATIONS	49
CONSOLIDATED STATEMENT OF CHANGES INNET FINANCIAL ASSETS	50
CONSOLIDATED STATEMENT OF CASH FLOWS	51
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS	52
PERMISSIVE EXEMPTIONS	81
STATISTICAL REVIEW	96
Population	97
Average Residential Tax and Utilities Bill	97
2021 Average Residential Tax and Utilities Bill*	98
2021 Taxable Assessment and Taxation by Property Class	98
Taxable Assessment and Property Tax Notice Statistics	99
Assessment for Taxation	99
2021 Household Expenditures versus City Services	100
Number of Building Permits Issued	101
Construction Value of Building Permits Issued	101
Commercial and Industrial Development Approved in Surrey	101
Top 10 Employers in Surrey in 2020	102
Unemployment Rates	103
Full-Time Equivalent* Employees	103
Surrey's Business Distribution by Sector	104
Consolidated Debt per Capita	104
Gross Debt Supported by Property Tax versus Total Debt	105
2021 Debt Servicing Costs Compared to General Taxation Revenue	105
Revenue Trend by Source of Revenue	106
Expenses Trend by Function	106
Revenue & Expenditure per Capita	106
Net Tangible Capital Asset Acquisitions	107
Financial Statistics	108
Consolidated Revenues	109
Consolidated Expenses	110
Reserves, Committed Funds and Surplus	111

Made with FlippingBook - professional solution for displaying marketing and sales documents online