93 / 144
For the year ended December 31, 2016, with comparative figures for 2015
[in thousands of dollars]
83
SCHEDULE 8
UNAUDITED DRAINAGE
OPERATING FUND
CITY OF SURREY
2016
Utility Rates
Budget
2016
2015
(Schedule 2)
REVENUES
Taxation revenue
$ 33,993
$ 33,746
$ 32,050
Development cost charges
-
-
(14)
Developer contributions
-
180
153
Investment income
-
110
188
Other
207
99
92
34,200
34,135
32,469
EXPENSES
Drainage
13,176
12,405
12,929
13,176
12,405
12,929
Excess of Revenues over Expenses
21,024
21,730
19,540
Transfers to other funds and reserves
(21,024)
(25,058)
(22,362)
ANNUAL DEFICIT
-
(3,328)
(2,822)
Accumulated Surplus, beginning of year
-
15,957
18,779
Accumulated Surplus, end of year
$
-
$ 12,629
$ 15,957
The 2016 Tax Levy Budget was used to determine 2016 taxation rates.