City of Surrey's 2024-2028 Financial Plan

CONSOLIDATED FINANCIAL SUMMARY—SIGNIFICANT CHANGES (in thousands)

2024 ADOPTED BUDGET

$

-

REVENUES Taxation

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

……………………………… 20,792 $ ……………………………… 114,905

Taxation Rate Increase

Other Taxation Adjustments

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

(400)

Capital Parcel Tax

986

Grants in lieu

2,070 $

138,353 22,549

Utilities

160,902

Sale of Goods and Services General Operating Corporate Services (including Bylaws)

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

199 855 175 627

Engineering Services

Finance

Fire

Parks, Recreation & Culture Planning & Development

4,342

474 175

Police

Corporate

7,049

13,896 81,258

Utilities

95,154

Reserves and Capital/Other Entities

-

Development Cost Charges and Developer Contributions

27,940

Investment Income

(44,083)

Transfers from Other Governments General Operating Parks, Recreation & Culture

………………………………

24

Corporate

……………………………… (44,115)

(44,091)

Utilities

481

Reserves and Capital/Other Entities

(41,056)

(84,666)

Other Revenue

General Operating Corporate Services (including Bylaws)

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

1,198

Engineering Services

470 306

Parks, Recreation & Culture Planning & Development

3,272

Corporate

214

5,460

Utilities

986

Reserves and Capital/Other Entities

-

6,446

Borrowing Proceeds

-

$ 161,693

Total Change in Revenue

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

102