City of Surrey's 2024-2028 Financial Plan

FINANCIAL SUMMARY

(in thousands)

2022

2023

2023

2024

2025

2026

2027

2028

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET

PLAN PLAN PLAN PLAN

Taxation

$ 456,853 517,404 $

$ 507,917

$ 543,134

$ 574,354 607,716 $

$ 643,373 681,487 $

Sale of Goods and Services Departmental Fees & Charges

49,348 25,491

57,991 28,897

51,185 24,511

54,993 33,369

56,630 34,704

58,316 36,091

60,051 37,535

61,840 39,037

Secondary Suite Infrastructure Fees Other Corporate Fees & Charges

4,581

7,170

4,820

4,812

5,574

5,778

5,985

6,193

Sale of Goods and Services

79,420

94,058

80,516

93,174

96,908 100,185

103,571 107,070

Developer Contributions

779

1,941

-

-

-

-

-

-

Investment Income

37,197

78,300

57,336

70,608

63,227

51,508

41,547

38,080

Transfers from Other Governments Departmental Government Transfers Corporate Government Transfers Transfers from Other Governments

16,781 13,013 29,794

20,796 38,324 59,120

7,927

8,326

8,332

8,338

8,344 5,250

8,350 5,284

29,127 37,465

22,659 30,586

49,399 57,725

29,094 37,426

13,594

13,634

Other Revenues Departmental Other Revenues

49,908 13,480 63,388

54,240 19,838 74,078

38,913 18,420 57,333

41,910 20,925 62,835

43,164 20,977 64,141

44,456 21,030 65,486

45,786 21,084 66,870

47,156 21,139 68,295

Corporate Other Revenues

Other Revenues

TOTAL REVENUE

$ 667,431 824,901 $

$ 733,688

$ 827,476 836,056 $

$ 862,360 868,955 $

$ 908,566

EXPENDITURE SUMMARY

Departmental Expenditures

$ 545,353 605,280 $

$ 697,423

$ 663,377

$ 672,980 702,077 $

$ 730,968 754,237 $

General Government - Council Initiatives

108

132

260

260

260

260

260

260

Fiscal Services & Debt Interest

10,095

11,746 21,770

9,640

9,352 9,492

9,355 9 ,492

11,123

12,891 10,185

13,731 10,496

9,492

Municipal Debt Principal

9,514

21,770

TOTAL EXPENDITURES

$ 565,070 638,928 $

$ 729,093

$ 682,481 692,087 $

$ 722,952 754,304 $

$ 778,724

TRANSFERS SUMMARY

Transfers To/(From) Capital Sources Transfers To/(From) Operating Sources

71,089

51,406

27,242

91,714 53,281

84,910 59,059

72,716 66,692

74,423 40,228

74,614 55,228

31,272 134,567

(22,647)

TOTAL TRANSFERS

$ 102,361 185,973 $

$ 4,595

$ 144,995 143,969 $

$ 139,408 114,651 $

$ 129,842

NET GENERAL OPERATING

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

City of Surrey | 2024—2028 Financial Plan | General Operating

113