2015 Financial Annual Report
City of Surrey
Schedule 12  UNAUDITED RESERVES, CONTINGENCIES AND SURPLUS
For the year ended December 31, 2015, with comparative figures for 2014, 2013, 2012 and 2011 [in thousands of dollars]
2014
2013
2012
2011
2015
(recast - note 3)
RESERVE FUNDS Equipment and building replacement
$ 35,888
$ 34,836
$ 36,653
$ 38,157
$ 33,670
Capital legacy
2,854
23,998 23,545 14,654 (1,378)
12,757 21,439 14,273 (8,205)
28,417 20,657 14,435
19,486 22,783 15,689
Neighborhood Concept Plans Local improvement financing
23,836 15,173
Municipal land
-
1,665 6,359 9,040 1,255 1,202
-
Environmental stewardship
6,448 8,876 1,315 1,260
6,558 5,186 1,299 1,244
6,580 2,984 1,280 1,226
6,536 9,948 1,328 1,535
Park land acquisition
Water claims Parking space
Affordable housing
8
33
18
67
23
95,658
109,975
89,005
121,254
110,998 (23,213)
INTERNAL BORROWING
(25,536)
-
-
-
UNAPPROPRIATED SURPLUS General operating fund
7,831
7,831
6,348
8,793
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 (325) 6,508
3,000 3,000 (324) 6,509
3,000 3,000 (324) 5,026
3,000 3,000 (324) 7,471
3,000 3,000 (325) 6,508
Library Services
Other Entities: Surrey City Development Corp
(105,265)
(96,505)
(58,707)
(18,472)
(74,366)
Surrey Homelessness and Housing Society
8,212
8,380
8,692
8,720
8,012
(90,545)
(81,616)
(44,989)
(2,281)
(59,846)
APPROPRIATED SURPLUS Infrastructure replacement
6,103
49,376 16,138 12,661
46,154 14,755 12,661
58,018 14,442
(5,058) 15,053 13,989
Self insurance
15,982 13,250
Revenue stabilization
9,723 7,042 5,771 1,725 1,012
Operating contingency and emergencies
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 3,997
Environmental emergencies
Prepaid expenses
Inventories of supplies
857
54,412
92,378
90,511
97,733
45,040
COMMITTED FUNDS General operating
51,611
50,786
47,921
43,784
64,416
Library Services
198
219
250
608
182
Sewer operating and capital Drainage operating and capital Water operating and capital
24,232 18,779 38,406 133,226
27,378 14,630 35,549 128,562
29,251 13,413 37,345 128,180
20,862 11,129 33,731 110,114
28,188 15,957 38,919 147,662
TANGIBLE CAPITAL ASSETS (note 13)
7,989,977 (171,734) 7,818,243
7,703,720 (158,199) 7,545,521
7,402,088 (86,044) 7,316,044
7,139,203 (35,721) 7,103,482
8,130,440 (182,656) 7,947,784
Debt funded assets
Total Equity in Tangible Capital Assets TOTAL ACCUMULATED SURPLUS
$ 7,985,458
$ 7,794,820
$ 7,578,751
$ 7,430,302
$ 8,168,425
98
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