Financial Annual Report 2016

SCHEDULE 4 UNAUDITED SOLID WASTE OPERATING FUND  CITY OF SURREY

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

2016 Budget

2015

2016

(Schedule 2)

REVENUES Sales of goods and services

$ 40,014

$ 39,011

$ 39,745

Other

125

147

139

40,139

39,158

39,884

EXPENSES Solid waste

31,364 31,364

27,170 27,170

27,479 27,479

8,775

11,988

Excess of Revenues over Expenses

12,405

Transfers to other funds and reserves

(8,775)

(6,436)

(6,158)

ANNUAL SURPLUS

- - -

5,552

6,247

Accumulated Deficit, beginning of year Accumulated Deficit, end of year

(14,517) (8,965)

(8,965) (2,718)

$

$

$

The 2016 Tax Levy Budget was used to determine 2016 taxation rates.

79