City of Surrey's Annual Financial Report 2021

NOTESTOTHE CONSOLIDATED FINANCIAL STATEMENTS CITY OF SURREY

For the year ended December 31, 2021 [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:

2021

2020

$ 9,631,885

$ 9,474,308

Tangible Capital Assets

(208,519)

Debt funded assets

(199,561)

9,423,366

Invested in tangible capital assets

9,274,747

Gross Allocations

Gross Allocations

Reserves set aside by Council Capital legacy

-

49,317 69,894 37,959 41,618 13,600 18,104 6,945 3,746 1,382 2,100 30,412 275,077

(49,317) (38,311)

48,981 63,463 29,067 31,227 17,803 6,855 3,089 1,378 1,058 1,108 208,680 4,651

(48,981) (40,431) (18,272) (19,630) (2,924) (11,192) (4,309) (1,942)

-

31,583 28,605 31,363 10,249 13,643 5,234 2,823 1,041 1,583 22,918 149,042

Municipal land

23,032 10,795 11,597

Equipment and building replacement

(9,354)

Neighborhood concept plans

(10,255) (3,351) (4,461) (1,711)

Park land acquisition

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

Local improvement financing Environmental stewardship

Parking space Water claims

(923) (341) (517)

(866) (665) (697)

512 393 411

Affordable housing

Capital projects

(7,494)

58,771

Internal borrowing to fund capital

(126,035)

(149,909)

Other appropriated funds Infrastructure replacement

19,616 13,490 12,328

19,616 13,490 12,328

- - - - - - - - -

(3,687) 13,490 12,825

3,687

-

Revenue stabilization

(171) (162) (109)

13,319 12,663 8,498 6,992 5,352

Self insurance

8,610 7,210 6,776 1,195

Operating contingency and emergencies

8,610 7,210 6,776 1,195

8,607 7,082 5,352

Environmental emergencies

(90)

Prepaid expenses

- -

Inventories of supplies

988

988

288,311 357,536

Committed funds

288,311 357,536

249,660 294,317

(3,155)

246,505 294,317

-

Other Entities Surrey City Development Corporation Surrey Homelessness and Housing Society

(15,252)

(19,213)

3,161

3,710

-

Innovation Boulevard

5

(12,091)

(15,498)

Accumulated Surplus per Statement of Financial Position

$ 9,917,853

$ 9,612,337

66