Financial Annual Report 2016

CONSOLIDATED STATEMENT OF CITY OF SURREY OPERATIONS

For the year ended December 31, 2016, with comparative figures for 2015 [in thousands of dollars]

2016 Budget

2015

2016

(note 24)

(recast - note 2)

REVENUES Taxation revenue (note 16) Sales of goods and services

$ 368,277

$ 343,460

$ 365,863

219,533 133,486 132,901 17,160 52,783 66,904 991,044 148,154 102,500 82,796 72,659 69,458 59,600 56,499 32,884 32,868 29,319 18,476

211,520

226,242

Development cost charges (note 9)

58,598

61,260

Developer contributions

143,004 16,437 22,405 58,016 853,440 133,003 93,830 75,323 75,269 65,281 58,858 52,471 28,690 33,790 24,003 18,283

141,214 16,500 22,784 80,838

Investment income

Transfers from other governments (note 23)

Other

TOTAL REVENUES

914,701

EXPENSES Police services

148,379 102,710 80,232 66,936 67,147 60,183 55,096 28,999 32,171 25,449 18,532 10,326

Parks, recreation and culture

General government

Roads and traffic safety

Water

Fire services

Sewer

Solid waste

Drainage

Planning and development

Library services

Engineering

5,686 1,289

9,717

Surrey City Energy

231

395

Parking

859

1,724

2,243

TOTAL EXPENSES

713,047

670,473

698,798

ANNUAL SURPLUS

277,997

182,967

215,903

Accumulated Surplus, beginning of year

8,161,134

7,978,167

8,161,134

Accumulated Surplus, end of year

$ 8,439,131

$ 8,161,134

$ 8,377,037

To be read in conjunction with the Notes to the Consolidated Financial Statements

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