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City of Surrey
For the year ended December 31, 2014, with comparative figures for 2013
[in thousands of dollars]
Schedule 7
Sewer Operating Fund
2014
Utility Rates
Budget
2014
2013
(Schedule 2)
REVENUES
Taxation revenue
$
2,919
$ 2,954
$
7,781
Sales of goods and services
43,517
43,515
40,209
Investment income
891
788
902
Other
218
447
416
47,545
47,704
49,308
EXPENSES
Sewer
42,771
49,240
38,977
42,771
49,240
38,977
Excess of Revenues over Expenses
4,774
(1,536)
10,331
Transfers from (to) other funds and reserves
(4,774)
(11,673)
(7,421)
ANNUAL SURPLUS
-
(13,209)
2,910
Accumulated Surplus, beginning of year
62,328
59,418
Accumulated Surplus, end of year
$
-
$ 49,119
$ 62,328
The 2014Tax Levy Budget was used to determine 2014 taxation rates.