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2017-2021 FINANCIAL PLAN
Overview of Fund Structure—Reserves, Contingencies & Surplus
2015
2016
2016
2017
2018
2019
2020
2021
RESERVES, CONTINGENCIES & SURPLUS
ACTUAL
ACTUAL
BUDGET
BUDGET
PLAN
PLAN
PLAN
PLAN
Reserve Funds
Equipment and building replacement
35,888
$
33,670
$
33,670
$
34,325
$
45,863
$
57,541
$
69,560
$
81,822
$
Capital legacy
2,854
19,486
19,486
15,638
-
-
-
-
Neighbourhood Concept Plans
23,836
22,783
22,783
22,648
23,139
23,768
24,474
24,921
Local improvement financing
15,173
15,689
15,689
16,143
16,643
17,146
17,652
18,161
Municipal land
-
-
-
-
-
-
-
-
Environmental stewardship
6,448
6,536
6,536
6,559
6,502
6,445
6,388
6,330
Park land acquisition
8,876
9,948
9,948
18,687
15,754
12,804
9,836
6,850
Water claims
1,315
1,328
1,328
1,338
1,346
1,354
1,362
1,370
Parking space
1,260
1,535
1,535
1,586
1,641
1,696
1,751
1,807
Affordable housing
8
23
23
23
23
23
23
23
95,658
110,998
110,998
116,947
110,911
120,777
131,046
141,284
Appropriated Surplus and Committed Funds
Infrastructure replacement
6,103
(5,058)
(5,058)
(22,278)
(25,424)
(26,224)
(30,466)
(31,805)
Self insurance
15,982
15,053
15,053
13,113
11,885
10,657
9,429
8,201
Revenue stabilization
13,250
13,989
13,989
16,589
16,589
16,589
16,589
16,589
Operating contingency and emergencies
8,758
8,782
8,782
8,782
10,742
12,827
15,045
17,404
Environmental emergencies
5,346
7,420
7,420
7,420
7,420
7,420
7,420
7,420
General operating
28,551
33,432
33,432
44,965
50,803
55,737
63,724
73,462
Roads & traffic operating and capital
26,843
37,434
37,434
39,157
36,119
32,794
29,165
25,201
Sewer & drainage operating and capital
43,011
44,145
44,145
37,594
32,266
26,654
20,766
14,585
District Energy
(3,585)
(6,268)
(6,268)
3,233
3,150
2,998
2,790
2,510
Water operating and capital
38,406
38,919
38,919
38,872
34,387
29,639
24,678
19,400
182,665
187,848
187,848
187,447
177,937
169,091
159,140
152,967
Other
Deferred Development Cost Charges
229,595
239,631
239,631
266,968
274,497
281,518
286,426
291,726
Surrey Public Library
(325)
(325)
(325)
(324)
(324)
(324)
(324)
(324)
Unappropriated Surplus
6,833
6,833
6,833
6,833
6,833
6,833
6,833
6,833
236,103
246,139
246,139
519,616
281,006
288,027
292,935
298,235
Opening Reserve Balance
514,426
$
544,985
$
544,985
$
577,871
$
569,854
$
577,895
$
583,121
$
592,486
$
Increases to Reserves
Investment Income
2,723
1,921
3,536
2,998
2,931
2,949
2,954
2,954
Operating Reserves & Surplus Contributions
173,487
176,318
225,696
131,359
188,992
153,585
140,245
150,735
Development Cost Charges (DCC)
66,798
87,697
95,000
101,000
110,000
149,000
170,000
182,000
Neighbourhood Concept Plan (NCP) Contributions
3,367
5,200
7,000
5,000
3,000
5,000
4,000
6,000
Asset Proceeds
4,357
10,255
5,000
3,000
2,000
2,000
2,000
2,000
Other
15
40
-
45
45
45
45
45
250,747
$
281,431
$
336,232
$
243,402
$
306,968
$
312,579
$
319,244
$
343,734
$
Decreases to Reserves
Capital Expenditures from Reserves
(51,050)
(34,485)
(58,602)
(36,072)
(76,886)
(25,461)
(4,187)
(4,064)
Capital Expenditures from DCCs
(58,598)
(58,945)
(89,158)
(95,073)
(104,627)
(145,781)
(166,420)
(178,532)
Capital Expenditures from NCP Contributions
(3,556)
(5,492)
(6,441)
(4,645)
(2,510)
(4,437)
(3,700)
(5,700)
Operating Reserves & Surplus Expenditures
(106,984)
(149,623)
(224,701)
(115,629)
(114,904)
(131,674)
(135,572)
(138,644)
(220,188)
$
(248,545)
$
(378,902)
$
(251,419)
$
(298,927)
$
(307,353)
$
(309,879)
$
(326,940)
$
Net Increase(Decrease) to Reserve
30,559
$
32,886
$
(42,670)
$
(8,017)
$
8,041
$
5,226
$
9,365
$
16,794
$
Ending Reserve Balance
544,985
$
577,871
$
502,315
$
569,854
$
577,895
$
583,121
$
592,486
$
609,280
$
Classification Adjustments and Other Entities
Development Cost Charges
(239,631)
(266,968)
(266,154)
(274,497)
(281,518)
(286,426)
(291,726)
(296,945)
Internal Borrowing
(23,213)
(15,040)
(44,700)
(23,471)
(81,486)
(83,609)
(60,320)
(39,191)
Surrey City Development Corporation
(74,366)
(67,816)
(64,366)
(54,036)
(30,922)
(13,964)
4,292
26,081
Surrey Homelessness & Housing Society
8,012
7,879
8,012
7,879
7,879
7,879
7,879
7,879
Inventory
857
880
866
889
898
907
916
925
Prepaid Expenses
3,997
4,517
4,037
4,562
4,608
4,654
4,701
4,748
Equity in Tangible Capital Assets
7,940,493
8,135,714
8,299,121
8,212,675
8,298,132
8,379,197
8,459,816
8,540,153
Total Accumulated Surplus
8,161,134
$
8,377,037
$
8,439,131
$
8,443,855
$
8,495,486
$
8,591,759
$
8,718,044
$
8,852,930
$
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