2016-2020_Financial_Plan_Web

Reader’s Guide

The 2016—2020 Financial Plan is divided into seven major sections:

EXECUTIVE OVERVIEW This section provides the reader with a brief understanding of Surrey’s municipal government and its financial planning process. COMMUNITY PROFILE This section provides the reader with a brief understanding of the City of Surrey and its history, as well as some of the services available to citizens and businesses. ORGANIZATIONAL PROFILE This section provides the reader with a brief understanding of the organizational structure of the City of Surrey and of the City’s policies. FINANCIAL OVERVIEW This section provides the reader with a brief understanding of economic conditions affecting the City of Surrey and the City’s consolidated financial structure. Reserve Funds, Accumulated Surplus and Developer Contributions. GENERAL OPERATING FUND This section contains information about the General Operating Fund including the Departmental Operations. Departmental Operations Subsequent sections provide a greater understanding about departmental operations. Each departmental section includes an overview and a financial line item summary condensed into three major account groups with a total of nine subgroups as outlined below:

Revenues:  Sales and Services; and  Grants, Donations and Other. Expenditures:  Salaries and Benefits;  Operating Costs;  Internal Services Used (use of another department’s resources);  Internal Services Recovered (provision of services to another department); and  External Recoveries. Net Internal Transfers:  Transfers from own sources; and  Transfers to own sources. UTILITIES OPERATING FUND This section describes the following utility funds and includes the Financial Plan By-law for each utility. CAPITAL PROGRAM This section includes an overview of capital contributions available, along with the types of capital expenditures and the capital planning process. An overview of the ranked capital projects is also included along with the full Five-Year Capital Plan and the Capital Financial Plan Bylaw.

2016-2020 FINANCIAL PLAN

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