2016-2020_Financial_Plan_Web

Financial Summary—Revenue

2014

2015

2015

2016

2017 PLAN

2018 PLAN

2019 PLAN

2020 PLAN

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET

Restated

Restated

Taxation

Base Levy

234,989 $

247,005 $

248,299 $

258,985 $

276,058 $

294,028 $

313,231 $

333,752 $

Assessment Growth (City's Portion)

4,964 6,992

3,512 7,745

5,800 8,152

5,439

5,521

5,881

6,265

6,675

Property Tax Rate Increase Provision for Adjustments

11,684

12,499

13,372

14,306

15,305

(49)

(40)

(50)

(50)

(50)

(50)

(50)

(50)

246,896

258,222

262,201

276,058

294,028

313,231

333,752

355,682

Capital Parcel Tax

-

15,722 16,768

16,119 16,194

16,374 17,210 309,642

16,701 17,881

17,036 18,579

17,376 19,303

17,724 20,056

Grants in Lieu

15,714

Net Taxation

262,610

290,712

294,514

328,610

348,846

370,431

393,462

General Government City Manager's Department

30

91

10

4

4

4

4

4

1,291

1,324

1,358

1,382

1,406

Finance & Technology

1,328

1,350

1,247

Human Resources

1

-

-

-

-

-

-

-

1,359

1,441

1,257

1,295

1,328

1,362

1,386

1,410

Public Safety Bylaws

7,530

8,427

8,333

8,615

8,873

9,139

9,322

9,508

Public Safety Office

6

1

-

-

-

-

-

-

Fire

1,691 5,614

1,822 8,274

1,629 7,893

1,663 8,081

1,713 8,323

1,764 8,573

1,799 8,814

1,834 9,064

RCMP

14,841

18,524

17,855

18,359

18,909

19,476

19,935

20,406

Other Engineering Services

6,672

6,964

6,140

6,222

6,408

6,600

6,814

7,034

31,945 20,070

32,767 20,247

33,615 20,428

35,082 21,043

36,914 21,676

Parks, Recreation & Culture Planning & Development

24,243 17,954

26,990 20,821

28,134 19,441

Surrey Public Library

1,665

1,740

1,561

1,513

1,513

1,513

1,513

1,513

50,534

56,515

55,276

59,750

60,935

62,156

64,452

67,137

Departmental Revenues

66,734

76,480

74,388

79,404

81,172

82,994

85,773

88,953

Investment Income

14,474

13,525

14,112

13,769

12,648

12,271

11,981

11,822

Secondary Suite Infrastructure Fee

8,083

15,753

16,311

17,117

18,318

19,603

20,979

22,451

Contribution from SCDC

4,500

4,500

4,500

4,500

4,500

4,500

4,500

4,500

Provincial Casino Revenue Sharing

3,055

3,073

3,100

3,200

3,300

3,400

3,500

3,600

Corporate Lease Revenue

3,604 3,896

4,490 3,676

4,895 3,800

5,930 4,100

6,014 4,300

6,100 4,500

6,189 4,700

6,279 4,700

Penalties & Interest Carbon Tax Rebates

370

405

400

400

400

400

400

400

Other

1,629

2,756

1,500

1,575

1,725

1,876

2,029

2,083

9,499

11,327

10,595

12,005

12,439

12,876

13,318

13,462

368,955 $

415,370 $

417,520 $

439,637 $

460,987 $

484,490 $

510,482 $

538,250 $

2016-2020 FINANCIAL PLAN

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