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Financial Statistics*
(in thousands)
Source: City of Surrey Financial Services Division
2010
2011
2012
2013
2014
Contribution to / (from) capital from equity
$ 282,491
$ 200,199
$ 274,766
$ 368,451
$ 490,458
Contribution to / (from) reserves
(84,497)
(87,183)
(124,650)
(152,382)
(301,637)
Transfer to / (from) appropriated surplus
-
(1,911)
(2,449)
-
-
Annual Surplus
$ 197,994
$ 111,105
$ 147,667
$ 216,069
$ 188,821
Accumulated Surplus
$ 7,318,000
$ 7,430,302
$ 7,578,751
$ 7,794,820
$ 7,983,641
Net Financial Assets
$ 321,861
$ 288,362
$ 172,692
$
86,791
$
(9,492)
* Public Sector Accounting Board (PSAB) Sections 1200 Financial Statement Presentation and 3150 Tangible Capital Assets were
implemented January 1, 2009, changing accounting policy. The changes were applied retroactively to 2009.
Definitions
Annual Surplus / (Deficit)
The statement of operations reports the surplus (or deficit) from
operations in the accounting period.
Accumulated Surplus / (Deficit)
Financial assets can be used to discharge liabilities or provide services,
while non-financial assets can normally be used only for service
provision to accomplish its future objectives. Non-financial assets are
added to net financial assets (or net debt) to calculate the accumulated
surplus or deficit for the accounting period.
Net Financial Assets / (Net Debt)
Net debt is measured as the difference between a government's
liabilities and financial assets. Net debt provides a measure of the
future revenues required to pay for past transactions and events. If the
government's financial assets exceed its liabilities, then the indicator
is a net financial asset position, indicating that there are net financial
assets on hand, which can provide financial resources to finance future
operations.
Net Tangible Capital Asset Acquisitions
(in thousands)
Source: City of Surrey Financial Services Division
$0
$100,000
$200,000
$300,000
$400,000
$500,000
2014
2013
2012
2011
2010
$318,294
$252,618
$382,805
$424,699
$435,923
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Statistical review