90 / 144
80
For the year ended December 31, 2016, with comparative figures for 2015
[in thousands of dollars]
SCHEDULE 5
UNAUDITED ROADS &TRAFFIC SAFETY
OPERATING FUND
CITY OF SURREY
2016
Budget
2016
2015
(Schedule 2)
REVENUES
Taxation revenue
$ 22,615
$ 22,801
$ 19,197
Sales of goods and services
219
97
1,727
Developer contributions
-
414
963
Transfers from other governments
-
246
565
Other
-
-
479
22,834
23,558
22,931
EXPENSES
Roads and traffic safety
33,762
30,032
37,997
Parking
-
-
279
33,762
30,032
38,276
Deficiency of Revenues over Expenses
(10,928)
(6,474)
(15,345)
Transfers from (to) other funds and reserves
10,928
(2,810)
15,834
ANNUAL SURPLUS (DEFICIT)
-
(9,284)
489
Accumulated Surplus, beginning of year
-
28,608
28,119
Accumulated Surplus, end of year
$
-
$ 19,324
$ 28,608
The 2016 Tax Levy Budget was used to determine 2016 taxation rates.