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City of Surrey
For the year ended December 31, 2014, with comparative figures for 2013
[in thousands of dollars]
Schedule 5
Roads & Traffic Safety Operating Fund
2014
Budget
2014
2013
(Schedule 2)
REVENUES
Taxation revenue
$ 14,569
$ 16,224
$ 13,169
Sales of goods and services
1,165
758
358
Developer contributions
-
24
37
Transfers from other governments
-
1,038
283
Other
-
439
382
15,734
18,483
14,229
EXPENSES
Roads & traffic safety
31,480
31,909
24,200
31,480
31,909
24,200
Excess (Deficiency) of Revenues over Exp.
(15,746)
(13,426)
(9,971)
Transfers from other funds and reserves
15,746
9,299
15,253
ANNUAL SURPLUS
-
(4,127)
5,282
Accumulated Surplus, beginning of year
32,246
26,964
Accumulated Surplus, end of year
$
-
$ 28,119
$ 32,246
The 2014Tax Levy Budget was used to determine 2014 taxation rates.