Financial Annual Report 2016

SCHEDULE 11 CITY OF SURREY

**Local Improvement Financing

****Deferred Development Charges

Environmental Stewardship

Water Claims

Affordable Housing

Parking Space

Reserves Subtotal $ 110,998

Future Commitments

$ 6,536

$ 15,689

$ 1,328

$

23

$ 1,535

$ 239,631

$ 184,232

-

-

-

- - - - - - - - -

-

-

87,398

- - - - -

45

51

10

11 40

722

1,199

- -

- -

- -

15,491 14,545 30,758

- -

-

45

51

10

51

88,597

22

(403)

- - - -

- - - -

(22,287)

-

-

- -

- -

62,136

(61,260) (15,040) (76,300)

(9,006)

(15,040)

-

22

(403)

24,809

(9,006)

$ 6,559

$ 16,143

$ 1,338

$

23

$ 1,586

$ 116,947

$ 251,928

$ 175,226

*** Municipal Land Reserve Fund: The City borrows from this Fund to finance specified projects. Principal and interest repayment schedules are based upon reasonable business case plans approved by City Council. Municipal Land Fund Prior to Borrowing $ 19,284 Internal Borrowing from Reserves 14,611 Principal Repayable, City Centre Land Loan (8,555) Principal Repayable, City Centre Social Lands Loan (3,371) Principal Repayable, City Centre Development Loan (2,485) Principal Repayable, University Drive (1,008) Principal Repayable, City Parkway (1,155) Principal Repayable, Social Housing Loan (1,458) Principal Repayable, Bridgeview Ind. Land Loan (54) Principal Repayable, Green Timbers (15,809) Funds on Hand for Financing Projects $ -

**** Deferred Development Charges: The City borrowed from this Fund to resolve revolving fund shortfall. Principal and interest to be repaid. Deferred Development Cost Charges per note 9

$ 266,968

Less: Internal borrowings

(15,040)

Funds on Hand for Financing Projects

$ 251,928

87