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Table of Contents
2

Message from the Mayor
4

City Council & Surrey Officers
5

Organizational Chart
6-7

Canadian Award for Financial Reporting
8

City of Surrey Overviews
10

Awards
12

City Manager’s Department
14

Engineering Department
16

Finance & Technology Department
18

Fire Department
20

Human Resources Department
22

Parks, Recreation & Culture Department
24

Planning & Development Department
26

RCMP
28

City of Surrey Public Libraries
30

Statistical Review
31

Population
32

Average Residential Tax and Utilities Bill
32

2014 Average Residential Tax and Utilities Bill
33

2014 General Revenue Fund Assessment and Taxation by Property Class
33

General Assessment and Taxation Statistics
34

Assessment for General Taxation
34

Building Permits
35

Construction Value of Building Permits Issued
35

Largest Employers in Surrey
36

Unemployment Rates
37

Commercial and Industrial Development Approved in Surrey
37

Financial Statistics
38

Net Tangible Capital Asset Acquisitions
38

Surrey's Business Distribution by Sector
39

Potential Borrowing Capacity versus Debt Incurred
39

2014 Debt Servicing Costs compared to General Operating Revenue
40

City of Surrey Debt per Capita
40

2014 Household Expenditures versus City Services
41

Performance Measures
42

City Manager
44

Engineering
45

Finance & Technology
46

Fire Services
47

Human Resources
48

Parks, Recreation & Culture
49

Planning & Development
50

RCMP
51

Financial Statements
54

Report from the General Manager, Finance & Technology
15

City of Surrey Financial Statements
61

City of Surrey, Independent Auditors’ Report
62

Consolidated Statement of Financial Position
63

Consolidated Statement of Operations
64

Consolidated Statement of Changes in Net Financial Assets
65

Consolidated Statement of Cash Flows
66

Notes to the Consolidated Financial Statements
67

Supplementary Financial Information
98

Surrey Public Library Financial Statements
118

Surrey Public Library, Independent Auditors’ Report
119

Statement of Financial Position
120

Statement of Operations
121

Statement of Change in Net Debt
122

Statement of Cash Flows
123

Notes to the Financial Statements
124

Supplementary Financial Information
129

Permissive Exemptions
134