Financial Annual Report 2016

SCHEDULE 5 UNAUDITED ROADS &TRAFFIC SAFETY 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 Taxation revenue

$ 22,615

$ 19,197

$ 22,801

Sales of goods and services Developer contributions

219

1,727

97

- - -

963 565 479

414 246

Transfers from other governments

Other

-

22,834

22,931

23,558

EXPENSES Roads and traffic safety

33,762

37,997

30,032

Parking

-

279

-

33,762

38,276

30,032

(10,928)

(15,345)

Deficiency of Revenues over Expenses

(6,474)

Transfers from (to) other funds and reserves

10,928

15,834

(2,810)

ANNUAL SURPLUS (DEFICIT) Accumulated Surplus, beginning of year

- - -

489

(9,284) 28,608

28,119

Accumulated Surplus, end of year

$

$ 28,608

$ 19,324

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

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