City of Surrey's 2024-2028 Financial Plan

CONSOLIDATED FINANCIAL SUMMARY—SIGNIFICANT CHANGES (in thousands)

2023 ADOPTED BUDGET

$

-

REVENUES Taxation

General Operating Property/Folio Growth (City's Portion)

………………………………

$

4,389

Taxation Rate Increase

……………………………… 28,725

Other Taxation Adjustments

……………………………… ……………………………… ………………………………

394

Capital Parcel Tax

52

Grants in lieu

1,657 $

35,217

Utilities

7,131

42,348

Sale of Goods and Services General Operating Corporate

……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ………………………………

8,850

City Manager

-

Corporate Services (including Bylaws)

54

Engineering Services

722

Finance

51

Fire

1,024 1,697

Parks, Recreation & Culture Planning & Development

214

Police

46

12,658 19,165

Utilities

31,823

Development Cost Charges and Developer Contributions

(29,182)

Investment Income

33,953

Transfers from Other Governments General Operating Police

……………………………… ………………………………

310

Surrey Public Library

89

Corporate

……………………………… 26,740

27,139

Utilities

367

Reserves and Capital/Other Entities

(36,401)

(8,895)

Other Revenue

General Operating Corporate

……………………………… ……………………………… ……………………………… ……………………………… ………………………………

2,505

Corporate Services (including Bylaws)

323 898 401

Engineering Services

Parks, Recreation & Culture Planning & Development

1,375

5,502

Utilities

271

5,614

Reserves and Capital/Other Entities

(159)

$ 75,661

Total Change in Revenue

City of Surrey | 2024—2028 Financial Plan | Financial Overview

100