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For the year ended December 31, 2014, with comparative figures for 2013
[in thousands of dollars]
City of Surrey
Water Operating Fund
Schedule 6
2014
Utility Rates
Budget
2014
2013
(Schedule 2)
REVENUES
Taxation revenue
$
125
$
190
$
117
Sales of goods and services
64,951
64,712
61,204
Developer contributions
-
10
-
Investment income
1,157
1,082
1,357
Other
642
900
823
66,875
66,894
63,501
EXPENSES
Water
60,776
57,681
54,832
Engineering
16
-
60,776
57,697
54,832
Excess of Revenues over Expenses
6,099
9,197
8,669
Transfers to other funds and reserves
(6,099)
(14,782)
(12,606)
ANNUAL SURPLUS (DEFICIT)
-
(5,585)
(3,937)
Accumulated Surplus, beginning of year
86,166
90,103
Accumulated Surplus, end of year
$
-
$ 80,581
$ 86,166
The 2014Tax Levy Budget was used to determine 2014 taxation rates.