Financial Annual Report 2016

SCHEDULE 12 UNAUDITED RESERVES, CONTINGENCIES AND SURPLUS  CITY OF SURREY

For the year ended December 31, 2016, with comparative figures for 2015, 2014, 2013 and 2012 [in thousands of dollars]

2015 2012 (recast - note 2) (recast - note 2) (recast - note 2) (recast - note 2) 2014 2013

2016

RESERVE FUNDS Equipment and building replacement

$ 33,670

$ 35,888

$ 34,836

$ 36,653

$ 34,325

Neighborhood Concept Plans

22,783

23,836

23,545

21,439

22,648 18,687 16,143 15,638

Park land acquisition

9,948

8,876

5,186

2,984

Local improvement financing

15,689 19,486

15,173

14,654 23,998

14,273 12,757

Capital legacy

2,854 6,448 1,260 1,315

Environmental stewardship

6,536 1,535 1,328

6,558 1,244 1,299

6,580 1,226 1,280

6,559 1,586 1,338

Parking space Water claims

Affordable housing

23

8

33

18

23

Municipal land

-

-

(1,378)

(8,205)

-

$ 110,998 $ (23,213)

$ 95,658 $ (25,536)

$ 109,975

$ 89,005

$ 116,947 $ (15,040)

INTERNAL BORROWING

$

-

$

-

UNAPPROPRIATED SURPLUS General operating fund

$

7,831

$

7,831

$

7,831

$

6,348

$

7,831

Employee future benefits Water operating fund Sewer operating fund

(6,998)

(6,998)

(6,998)

(6,998)

(6,998)

3,000 3,000

3,000 3,000

3,000 3,000

3,000 3,000

3,000 3,000

Library Services

(325)

(325)

(324)

(324)

(324)

6,508

6,508

6,509

5,026

6,509

Other Entities: Surrey City Development Corp

(74,366)

(105,265)

(96,505)

(58,707)

(67,816)

Surrey Homelessness and Housing Society

8,012

8,212

8,380

8,692

7,879

$ (59,846)

$ (90,545)

$ (81,616)

$ (44,989)

$ (53,428)

APPROPRIATED SURPLUS Infrastructure replacement

$ (5,058)

$

6,103

$ 49,376

$ 46,154

$ (22,278)

Revenue stabilization

13,989 15,053

13,250 15,982

12,661 16,138

12,661 14,755

16,589 13,113

Self insurance

Operating contingency and emergencies

8,782 7,420 3,997

8,758 5,346 3,962 1,011

7,042 2,852 3,299 1,010

7,042 5,928 2,941 1,030

8,782 7,420 4,517

Environmental emergencies

Prepaid expenses

Inventories of supplies

857

880

$ 45,040

$ 54,412

$ 92,378

$ 90,511

$ 29,023

COMMITTED FUNDS General operating Roads operating and capital Water operating and capital Sewer operating and capital Drainage operating and capital

$ 33,250

$ 28,353

$ 28,627

$ 30,170

$ 44,727

37,434 38,919 28,188 15,957 (6,268)

26,843 38,406 24,232 18,779 (3,585)

23,781 35,549 27,378 14,630 (1,622)

17,751 37,345 29,251 13,413

39,157 38,872 24,965 12,629

Surrey City Energy operating and capital

-

3,233

Library Services

182

198

219

250

238

$ 147,662 $ 8,123,149

$ 133,226 $ 7,982,686

$ 128,562 $ 7,696,429

$ 128,180 $ 7,394,797

$ 163,821 $ 8,312,963

TANGIBLE CAPITAL ASSETS (note 12)

Debt funded assets

(182,656)

(171,734)

(158,199)

(86,044)

(177,249)

Total Equity in Tangible Capital Assets

$ 7,940,493 $ 8,161,134

$ 7,810,952 $ 7,978,167

$ 7,538,230 $ 7,787,529

$ 7,308,753 $ 7,571,460

$ 8,135,714 $ 8,377,037

TOTAL ACCUMULATED SURPLUS

88