98 / 144
88
SCHEDULE 12
UNAUDITED RESERVES,
CONTINGENCIES AND SURPLUS
CITY OF SURREY
2016
2015
2014
2013
2012
(recast - note 2) (recast - note 2) (recast - note 2) (recast - note 2)
RESERVE FUNDS
Equipment and building replacement
$ 34,325
$ 33,670
$ 35,888
$ 34,836
$ 36,653
Neighborhood Concept Plans
22,648
22,783
23,836
23,545
21,439
Park land acquisition
18,687
9,948
8,876
5,186
2,984
Local improvement financing
16,143
15,689
15,173
14,654
14,273
Capital legacy
15,638
19,486
2,854
23,998
12,757
Environmental stewardship
6,559
6,536
6,448
6,558
6,580
Parking space
1,586
1,535
1,260
1,244
1,226
Water claims
1,338
1,328
1,315
1,299
1,280
Affordable housing
23
23
8
33
18
Municipal land
-
-
-
(1,378)
(8,205)
$ 116,947
$ 110,998
$ 95,658
$ 109,975
$ 89,005
INTERNAL BORROWING
$ (15,040)
$ (23,213)
$ (25,536)
$
-
$
-
UNAPPROPRIATED SURPLUS
General operating fund
$
7,831
$
7,831
$
7,831
$
7,831
$
6,348
Employee future benefits
(6,998)
(6,998)
(6,998)
(6,998)
(6,998)
Water operating fund
3,000
3,000
3,000
3,000
3,000
Sewer operating fund
3,000
3,000
3,000
3,000
3,000
Library Services
(324)
(325)
(325)
(324)
(324)
6,509
6,508
6,508
6,509
5,026
Other Entities:
Surrey City Development Corp
(67,816)
(74,366)
(105,265)
(96,505)
(58,707)
Surrey Homelessness and Housing Society
7,879
8,012
8,212
8,380
8,692
$ (53,428)
$ (59,846)
$ (90,545)
$ (81,616)
$ (44,989)
APPROPRIATED SURPLUS
Infrastructure replacement
$ (22,278)
$ (5,058)
$
6,103
$ 49,376
$ 46,154
Revenue stabilization
16,589
13,989
13,250
12,661
12,661
Self insurance
13,113
15,053
15,982
16,138
14,755
Operating contingency and emergencies
8,782
8,782
8,758
7,042
7,042
Environmental emergencies
7,420
7,420
5,346
2,852
5,928
Prepaid expenses
4,517
3,997
3,962
3,299
2,941
Inventories of supplies
880
857
1,011
1,010
1,030
$ 29,023
$ 45,040
$ 54,412
$ 92,378
$ 90,511
COMMITTED FUNDS
General operating
$ 44,727
$ 33,250
$ 28,353
$ 28,627
$ 30,170
Roads operating and capital
39,157
37,434
26,843
23,781
17,751
Water operating and capital
38,872
38,919
38,406
35,549
37,345
Sewer operating and capital
24,965
28,188
24,232
27,378
29,251
Drainage operating and capital
12,629
15,957
18,779
14,630
13,413
Surrey City Energy operating and capital
3,233
(6,268)
(3,585)
(1,622)
-
Library Services
238
182
198
219
250
$ 163,821
$ 147,662
$ 133,226
$ 128,562
$ 128,180
TANGIBLE CAPITAL ASSETS
(note 12)
$ 8,312,963
$ 8,123,149
$ 7,982,686
$ 7,696,429
$ 7,394,797
Debt funded assets
(177,249)
(182,656)
(171,734)
(158,199)
(86,044)
Total Equity in Tangible Capital Assets
$ 8,135,714
$ 7,940,493
$ 7,810,952
$ 7,538,230
$ 7,308,753
TOTAL ACCUMULATED SURPLUS
$ 8,377,037
$ 8,161,134
$ 7,978,167
$ 7,787,529
$ 7,571,460
For the year ended December 31, 2016, with comparative figures for 2015, 2014, 2013 and 2012
[in thousands of dollars]