City of Surrey's Annual Financial Report 2021

STATISTICAL REVIEW

Financial Statistics (in thousands)

Source: City of Surrey Finance Department

2021

2017

2018

2019

2020

Contribution to/(from) capital from equity

$

525,979 (238,864)

$

633,786 (247,607)

$

557,278 (267,158)

$

391,452 $

406,740 (101,224)

Contribution to/(from) reserves

(118,966)

-

-

-

-

-

Transfer to/(from) appropriated surplus

Annual Surplus

$

287,115

$

386,179

$

289,520

$

$272,486 $

305,516

Financial Assets

$

1,028,281 (738,023) (267,219)

$

1,111,559 (819,761) (229,024)

$

1,163,280 (902,746) (221,777)

$

1,447,305 (1,101,386)

$

1,768,843 (1,133,876) (356,970)

Liabilities (excluding Debt)

Debt

(214,230) 131,689

Net Financial Assets/(Debt)

$

23,039

$

62,774

$

38,757

$

$

277,997

Restricted Reserves/Appropriated Surplus

$

186,740 (78,695) 173,482

$

208,821 (105,365) 179,057 8,767,818 9,050,331

$

228,755 (144,237) 166,991 9,088,342 9,339,851

$

247,337 (149,909) 240,162 9,274,747 9,612,337

$

344,302 (126,035) 276,220 9,423,366

Internal Borrowing

Unappropriated Surplus/Committed Funds Tangible Capital Assets (net of debt)

8,382,625 8,664,152

Accumulated Surplus

$

$

$

$

$ 9,917,853

DEFINITIONS Annual Surplus/(Deficit) The statement of operations reports the surplus (or deficit) from

Accumulated Surplus/(Deficit) Financial assets can be used to discharge liabilities or provide services, while non-fnancial assets can normally be used only for service provision to accomplish its future objectives. Non-fnancial assets are added to net fnancial assets (or net fnancial debt) to calculate the accumulated surplus or defcit for the accounting period.

operations in the accounting period. Net Financial Assets/(Net Debt)

Net debt is measured as the difference between a government's liabilities and financial assets. Net debt provides a measure of the future revenues required to pay for past transactions and events. If the government's financial assets exceed its liabilities, then the indicator is a net financial asset position, indicating that there are net financial assets on hand, which can provide financial resources to finance future operations.

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