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For the year ended December 31, 2014, with comparative figures for 2013
[in thousands of dollars]
City of Surrey
Drainage Operating Fund
Schedule 8
2014
Utility Rates
Budget
2014
2013
(Schedule 2)
REVENUES
Taxation revenue
$ 29,419
$ 28,996
$ 21,456
Developer contributions
-
49
10
Investment income
-
184
201
Other
117
67
71
29,536
29,296
21,738
EXPENSES
Drainage
14,631
20,867
10,478
14,631
20,867
10,478
Excess of Revenues over Expenses
14,905
8,429
11,260
Transfers to other funds and reserves
(14,905)
(4,280)
(10,043)
ANNUAL SURPLUS
-
4,149
1,217
Accumulated Surplus, beginning of year
14,630
13,413
Accumulated Surplus, end of year
$
-
$ 18,779
$ 14,630
The 2014Tax Levy Budget was used to determine 2014 taxation rates.