Financial Annual Report 2016

SCHEDULE 6 UNAUDITED WATER OPERATING FUND  CITY OF SURREY

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

2016 Utility Rates Budget

2015

2016

(Schedule 2)

REVENUES Taxation revenue

$

92

$

166

$

113

Sales of goods and services

68,635

67,518

71,091

Investment income

727 679

801 901

544

Other

1,016

70,133

69,386

72,764

EXPENSES Water

60,453 60,453

55,702 55,702

56,892 56,892

9,680

13,684

Excess of Revenues over Expenses

15,872

Transfers to other funds and reserves

(9,680)

(15,855)

(17,598)

ANNUAL DEFICIT

- - -

(2,171) 80,581

(1,726) 78,410

Accumulated Surplus, beginning of year Accumulated Surplus, end of year

$

$ 78,410

$ 76,684

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

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