City of Surrey 2017 - 2021 Financial Plan

Major Revenue Sources

2017-2021 FINANCIAL PLAN

Money Market Portfolio

Surrey’s Money Market Portfolio is comprised of investments that will mature within one

year. This portfolio represents 40% of the City’s investments. Cash holdings account for

4% of the portfolio.

Intermediate Portfolio

The intermediate portfolio is comprised of investments with a term greater than one

year and less than two years. This portfolio represents 23% of the City’s investments.

Bond Portfolio

The bond portfolio is comprised of investments with a term greater than two years and

less than ten years. This portfolio represents 33% of the City’s investments.

Portfolio Mix

The City’s investment portfolio consists of securities purchased from Canadian Schedule

1 Banks (46%), Canadian Provinces and Provincial institutions (12%), British Columbia

Credit Unions (37%), Cash Holdings (4%), and Canadian Schedule 2 Banks (1%).

Source: City of Surrey Finance Department

37.2%

11.8%

45.3%

1.3%

4.4%

City of Surrey Investments by Category

December 31, 2016

Credit Unions

Provinces

Schedule I Banks

Schedule II Banks

Bank Balane