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City of Surrey
For the year ended December 31, 2015, with comparative figures for 2014
[in thousands of dollars]
2015
Utility Rates
Budget
2015
2014
(Schedule 2)
REVENUES
Taxation revenue
$
119
$
166
$
190
Sales of goods and services
66,410
67,518
64,712
Developer contributions
-
-
10
Investment income
1,006
801
1,082
Other
657
901
900
68,192
69,386
66,894
EXPENSES
Water
61,999
60,650
57,681
Engineering
-
-
16
61,999
60,650
57,697
Excess of Revenues over Expenses
6,193
8,736
9,197
Transfers to other funds and reserves
(6,193)
(10,907)
(14,782)
ANNUAL SURPLUS (DEFICIT)
-
(2,171)
(5,585)
Accumulated Surplus, beginning of year
-
80,581
86,166
Accumulated Surplus, end of year
$
-
$
78,410
$
80,581
The 2015 Tax Levy Budget was used to determine 2015 taxation rates.
UNAUDITED WATER OPERATING FUND
Schedule 6