Financial Annual Report 2016

SCHEDULE 10 UNAUDITED SURREY CITY ENERGY 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

$

1,086

$

166 151 317

$

283

Developer contributions

-

-

1,086

283

EXPENSES Surrey City Energy

1,289 1,289

231 231

395 395

(203)

86

Excess (Deficiency) of Revenues over Expenses

(112)

Transfers from (to) other funds and reserves

203

(2,769)

(4,422)

ANNUAL DEFICIT

-

(2,683) (3,585) (6,268)

(4,534)

Accumulated Deficit, beginning of year

- -

(6,268)

Accumulated Deficit, end of year

$

$

$ (10,802)

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

85