Financial Annual Report 2016

STATISTICAL REVIEW

Net Tangible Capital Asset Acquisitions (in thousands)

Source: City of Surrey Financial Services Division

$500,000

$400,000

$435,923

$424,699

$382,805

$300,000

$312,444

$305,724

$200,000

$100,000

$0

2012

2013

2014

2015

2016

Financial Statistics (in thousands)

Source: City of Surrey Financial Services Division

2016

2012

2013

2014

2015

Restated

Restated

Restated

Restated

305,795 $

355,883

Contribution to/(from) capital from equity

$

274,766 $

368,451 $

490,458 $

(139,980)

Contribution to/(from) reserves

(124,650)

(152,382)

(299,820)

(122,827)

-

Transfer to/(from) appropriated surplus

(2,449)

-

-

-

Annual Surplus

182,968 $

215,903

$

147,667 $

216,069 $

190,638 $

870,595 $

979,742 (696,503) (224,562)

Financial Assets

$

901,138 $

899,011 $

813,380 $

Liabilities (excluding Debt)

(552,968) (175,478)

(566,641) (245,579)

(580,896) (241,976)

(609,546) (227,918)

Debt

Net Financial Assets/(Debt)

33,131 $

58,677

$

172,692 $

86,791 $

(9,492) $

156,038 $

145,970 (15,040) 110,393

Restricted Reserves/Appropriated Surplus

$

179,516 $

202,353 $

150,070 $

Internal Borrowing

-

-

(25,536) 42,681

(23,213) 87,816

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

83,191

46,946

8,135,714 8,377,037

7,308,753

7,538,230

7,810,952

7,940,493

Accumulated Surplus

8,161,134 $

$

7,571,460 $

7,787,529 $

7,978,167 $

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-financial assets can normally be used only for service provision to accomplish its future objectives. Non-financial assets are added to net financial assets (or net financial debt) to calculate the accumulated surplus or deficit 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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