69 / 144
59
For the year ended December 31, 2016
[tabular amounts in thousands of dollars]
NOTESTOTHE CONSOLIDATED
CITY OF SURREY
FINANCIAL STATEMENTS
13.
ACCUMULATED SURPLUS
Accumulated surplus consists of individual fund surplus and reserves. Operating surplus for the City is as follows:
2016
2015
(recast – note 2)
Accumulated Surplus per Statement of Financial Position
$
8,377,037
$
8,161,134
Less Restricted Funds:
Tangible capital assets
8,312,963
8,123,149
Debt funded assets
(177,249)
(182,656)
8,135,714
7,940,493
Reserves set aside by Council
Equipment and Building Replacement
34,325
33,670
Neighborhood Concept Plans
22,648
22,783
Park Land Acquisition
18,687
9,948
Local Improvement financing
16,143
15,689
Capital Legacy
15,638
19,486
Environmental Stewardship
6,559
6,536
Parking Space
1,586
1,535
Water Claims
1,338
1,328
Affordable Housing
23
23
116,947
110,998
Internal borrowing
(15,040)
(23,213)
Restricted Reserves
Infrastructure Replacement
(22,278)
(5,058)
Revenue Stabilization
16,589
13,989
Self-Insurance
13,113
15,053
Operating Emergencies
8,782
8,782
Environmental Emergencies
7,420
7,420
Prepaid expenses
4,517
3,997
Inventories of supplies
880
857
Committed funds
163,821
147,662
192,844
192,702
Other Entities
Surrey City Development Corporation
(67,816)
(74,366)
Surrey Homelessness and Housing Society
7,879
8,012
(59,937)
(66,354)
Total Restricted Funds
8,370,528
8,154,626
Unappropriated Surplus
$
6,509
$
6,508