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FINANCIAL STATEMENTS
Report from the General Manager, Finance &Technology 38 City of Surrey Financial Statements 40 City of Surrey, Independent Auditors’ Report 41 Consolidated Statement of Financial Position 42 Consolidated Statement of Operations 43 Consolidated Statement of Changes in Net Financial Assets 44 Consolidated Statement of Cash Flows 45 Notes to the Consolidated Financial Statements 46 Supplementary Financial Information 72 Surrey Public Library Financial Statements 91 Surrey Public Library, Independent Auditors’ Report 93 Statement of Financial Position 94 Statement of Operations 95 Statement of Change in Net Debt 96 Statement of Cash Flows 97 Notes to the Financial Statements 98 Supplementary Financial Information 104 Permissive Exemptions 107 STATISTICAL REVIEW 122 Population 123 Average Residential Tax and Utilities Bill 123 2016 Average Residential Tax and Utilities Bill 124 2016 Taxable Assessment and Taxation by Property Class 124 Taxable Assessment and Taxation Statistics 125 Assessment for Taxation 125 2016 Household Expenditures versus City Services 126 Building Permits 127 Construction Value of Building Permits Issued 127 Largest Employers in Surrey 128 Unemployment Rates 129 Commercial and Industrial Development Approved in Surrey 129 Surrey's Business Distribution by Sector 130 Consolidated Debt per Capita 130 Gross Debt Supported by Property Tax Versus Total Debt 131 2016 Debt Servicing Costs Compared to General Taxation Revenue 131 Revenue Trend by Source of Revenue 132 Expenses Trend by Function 132 Net Tangible Capital Asset Acquisitions 133 Financial Statistics 133