80 / 140
70
For the year ended December 31, 2015
[tabular amounts in thousands of dollars]
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
City of Surrey
14. ACCUMULATED SURPLUS
Accumulated surplus consists of individual fund surplus and reserves. Operating surplus for the City is as follows:
2015
2014
(recast – note 3)
Accumulated Surplus per Statement of Financial Position
$
8,168,425
$
7,985,458
Less Restricted Funds:
Tangible capital assets
8,130,440
7,989,977
Debt funded assets
(182,656)
(171,734)
7,947,784
7,818,243
Reserves set aside by Council
Equipment and Building Replacement
33,670
35,888
Capital Legacy
19,486
2,854
Neighborhood Concept Plans
22,783
23,836
Local Improvement financing
15,689
15,173
Environmental Stewardship
6,536
6,448
Park Land Acquisition
9,948
8,876
Water Claims
1,328
1,315
Parking Space
1,535
1,260
Affordable Housing
23
8
110,998
95,658
Internal borrowing
(23,213)
(25,536)
Restricted Reserves
Infrastructure Replacement
(5,058)
6,103
Self-Insurance
15,053
15,982
Revenue Stabilization
13,989
13,250
Operating Emergencies
8,782
8,758
Environmental Emergencies
7,420
5,346
Prepaid expenses
3,997
3,962
Inventories of supplies
857
1,011
Committed funds
147,662
133,226
192,702
187,638
Other Entities
Surrey City Development Corporation
(74,366)
(105,265)
Surrey Homelessness and Housing Society
8,012
8,212
(66,354)
(97,053)
Total Restricted Funds
8,161,917
7,978,950
Unappropriated Surplus
$
6,508
$
6,508