City of Surrey's Annual Financial Report 2021

FINANCIAL STATEMENTS

39

Audit Committee

40

Financial Management and Control

41

Report from the General Manager, Finance City of Surrey Financial Statements City of Surrey, Independent Auditor’s Report Consolidated Statement of Financial Position Consolidated Statement of Operations

42

45 46 48 49 50 51 52

Consolidated Statement of Changes in Net Financial Assets

Consolidated Statement of Cash Flows

Notes to the Consolidated Financial Statements

Permissive Exemptions

81

STATISTICAL REVIEW

96

Population

97 97 98 98 99 99

Average Residential Tax and Utilities Bill 2021 Average Residential Tax and Utilities Bill

2021 Taxable Assessment and Taxation by Property Class Taxable Assessment and Property Tax Notice Statistics

Assessment for Taxation

2021 Household Expenditures versus City Services

100 101 101 101 102 103 103 104 104 105 105 106 106 107 107 108 109 110 111

Number of Building Permits Issued

Construction Value of Building Permits Issued

Commercial and Industrial Development Approved in Surrey

Top 10 Employers in Surrey in 2020

Unemployment Rates

Full-time Equivalent Employees

Surrey's Business Distribution by Sector

Consolidated Debt per Capita

Gross Debt Supported by Property Tax Versus Total Debt 2021 Debt Servicing Costs Compared to General Taxation Revenue

Revenue Trend by Source of Revenue

Expenses Trend by Function

Revenue & Expenditure per Capita Net Tangible Capital Asset Acquisitions

Financial Statistics

Consolidated Revenues Consolidated Expenses

Reserves, Committed Funds and Surplus