91 / 144
For the year ended December 31, 2016, with comparative figures for 2015
[in thousands of dollars]
81
SCHEDULE 6
UNAUDITED WATER
OPERATING FUND
CITY OF SURREY
2016
Utility Rates
Budget
2016
2015
(Schedule 2)
REVENUES
Taxation revenue
$
92
$
113
$
166
Sales of goods and services
68,635
71,091
67,518
Investment income
727
544
801
Other
679
1,016
901
70,133
72,764
69,386
EXPENSES
Water
60,453
56,892
55,702
60,453
56,892
55,702
Excess of Revenues over Expenses
9,680
15,872
13,684
Transfers to other funds and reserves
(9,680)
(17,598)
(15,855)
ANNUAL DEFICIT
-
(1,726)
(2,171)
Accumulated Surplus, beginning of year
-
78,410
80,581
Accumulated Surplus, end of year
$
-
$ 76,684
$ 78,410
The 2016 Tax Levy Budget was used to determine 2016 taxation rates.