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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
$
33,413
$
32,050
$
28,996
Development cost charges
-
(14)
-
Developer contributions
-
153
49
Investment income
-
188
184
Other
117
92
67
33,530
32,469
29,296
EXPENSES
Drainage
15,021
14,560
20,867
15,021
14,560
20,867
Excess of Revenues over Expenses
18,509
17,909
8,429
Transfers to other funds and reserves
(18,509)
(20,731)
(4,280)
ANNUAL SURPLUS
-
(2,822)
4,149
Accumulated Surplus, beginning of year
-
18,779
14,630
Accumulated Surplus, end of year
$
-
$
15,957
$
18,779
The 2015 Tax Levy Budget was used to determine 2015 taxation rates.
UNAUDITED DRAINAGE OPERATING FUND
Schedule 8