107 / 140
97
City of Surrey
Environmental
Stewardship
**Local
Improvement
Financing
Water
Claims
Affordable
Housing
Parking
Space
Reserves
Subtotal
****Deferred
Development
Charges
Future
Commitments
$ 6,448
$ 15,173
$ 1,315
$
8
$ 1,260
$ 95,658
$ 229,595
$ 110,343
-
66,798
-
65
64
13
-
12
887
1,836
-
-
-
-
-
263
7,560
-
-
-
-
-
15
-
5,669
-
-
65
64
13
15
275
14,116
68,634
-
(23)
(452)
-
-
-
(32,617)
-
-
-
-
-
-
-
54,606
(58,598)
73,889
-
-
-
-
-
(23,213)
(23,213)
-
(23)
(452)
-
-
-
(1,224)
(81,811)
73,889
$ 6,536
$ 15,689
$ 1,328
$
23
$ 1,535
$ 110,998
$216,418
$ 184,232
Schedule 11
*** Municipal Land Reserve Fund:
The City borrows from this Fund to finance specified projects. Principal and interest repayment schedules are based upon
reasonable business case plans approved by City Council.
Municipal Land Fund Prior to Borrowing
$
5,665
Internal Borrowing from Reserves
22,958
Principal Repayable, City Centre Land Loan
(3,759)
Principal Repayable, City Centre Social Lands Loan
(3,454)
Principal Repayable, City Centre Development Loan
(2,442)
Principal Repayable, University Drive
(981)
Principal Repayable, City Parkway
(1,124)
Principal Repayable, Social Housing Loan
(1,433)
Principal Repayable, Bridgeview Ind. Land Loan
(54)
Principal Repayable, Green Timbers
(15,376)
Funds on Hand for Financing Projects
$
-
**** Deferred Development Charges:
The City borrowed from this Fund to resolve revolving fund shortfall. Principal and interest to be repaid.
Deferred Development Cost Charges per note 10
$ 239,631
Less: Internal borrowings
(23,213)
Funds on Hand for Financing Projects
$ 216,418