Financial Annual Report 2016
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2016 Annual Report
1
Table of Contents
4
Introduction
6
Message from the Mayor
6
City Council & Surrey Officers
7
Organizational Chart
8
Canadian Award for Financial Reporting
9
City of Surrey Overviews
11
Awards
13
City Manager's Department
15
Engineering Department
17
Finance & Technology Department
19
Fire Department
21
Human Resources Department
23
Investment & Intergovernmental Relations
25
Parks, Recreation & Culture Department
27
Planning & Development Department
29
RCMP
31
City of Surrey Public Library
33
Performance Measures
35
City Manager
36
Engineering
37
Finance & Technology
38
Fire
39
Human Resources
40
Investment & Intergovernmental Relations
41
Parks, Recreation & Culture
42
Planning & Development
43
RCMP
44
Surrey Public Library
45
Financial Statements
46
Audit Committee
47
Report from the General Manager, Finance & Technology
48
City of Surrey Financial Statements
50
City of Surrey, Independent Auditors' Report
51
Consolidated Statement of Financial Position
52
Consolidated Statement of Operations
53
Consolidated Statement of Changes in Net Financial Assets (Debt)
54
Consolidated Statement of Cash Flows
55
Notes to the Consolidated Financial Statements
56
Supplementary Financial Information
82
Surrey Public Library Financial Statements
102
Surrey Public Library, Independent Auditors' Report
103
Statement of Financial Position
104
Statement of Operations
105
Statement of Change in Net Debt
106
Statement of Cash Flows
107
Notes to the Financial Statements
108
Supplementary Financial Information
114
Permissive Exemptions
117
Statistical Review
132
Population
133
Average Residential Tax and Utilities Bill
133
2016 Average Residential Tax and Utilities Bill
134
2016 Taxable Assessment and Taxation by Property Class
134
Taxable Assessment and Taxation Statistics
135
Assessment for Taxation
135
2016 Household Expenditures versus City Services
136
Building Permits
137
Construction Value of Building Permits Issued
137
Largest Employers in Surrey
138
Unemployment Rates
139
Commercial and Industrial Development Approved in Surrey
139
Surrey's Distribution by Sector
140
Consolidated Debt per Capita
140
Gross Debt supported by Property Tax versus Total Debt
141
2016 Debt Servicing Costs Compared to General Taxation Revenue
141
Revenue Trend by Source of Revenue
142
Expenses Trend by Function
142
Net Tangible Capital Asset Acquisitions
143
Financial Statistics
143
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