City of Surrey's 2024-2028 Financial Plan

FINANCIAL SUMMARY—EXPENDITURE

(in thousands)

2022

2023

2023

2024

2025

2026

2027

2028

EXPENDITURE SUMMARY General Government Mayor, Council & Grants

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

$

2,600 8,322

$

3,086 8,278

$

3,302

$ 3,898

$

4,047

$

4,207

$

4,378

$

4,563

City Manager's Department

8,918 10,551 50,436 55,997 11,666 12,600

11,158 58,749 13,324

11,808 62,660 14,091 10,260

12,505 64,767 14,906 10,962

13,253 68,020 15,770 10,030

Corporate Services

50,407

54,684

Finance

8,617 9,935

9,351

Social Infrastructure & Community Investme

13,689 89,088

6,478

8,998

9,606

79,881

80,800 92,044

96,884 103,026

107,518 111,636

Public Safety Bylaws

9,663

11,080 80,152

10,619 12,699 78,090 91,390 338,047 258,393 426,756 362,482 9,823 11,542 110,317 120,161 23,972 26,648 22,692 24,059 23,063 26,441 189,867 208,851 697,423 663,377

14,532

16,494

18,593

19,411

Fire

75,450

99,194 108,000 260,442 262,599 374,168 387,093

117,589 123,155 264,871 266,900 401,053 409,466

Police

221,794 248,256 306,907 339,488

Other Engineering Services

9,463

8,827

12,428

13,371

14,372

15,436

Parks, Recreation & Culture Planning & Development

101,716 115,728

126,222 133,166

139,822 146,570

22,080 22,166

23,440 23,721

28,019 25,198 10,061

29,460 26,395

30,976 27,651

32,572 28,971

Surrey Public Library Corporate Operating

3,140

4,988

9,566

9,576

9,586

158,565 176,704 545,353 605,280

201,928 211,958 672,980 702,077

222,397 233,135 730,968 754,237

Departmental Expenditures

260

Council Initiative Fund

108

132

260

260

260

260

260

Fiscal Charges

461

2,312

157

100

103

106

109

112

Interest Paid on Tax Overpayments

5

25

10

25

25

25

25

25

External Borrowing

9,629

9,409

9,473 9,640

9,227 9,352

9,227 9,355

10,992 11,123

12,757 12,891

13,594 13,731

Fiscal Services & Debt Interest

10,095

11,746

Municipal Debt Principal

9,514

21,770

21,770

9,492

9,492

9,492

10,185

10,496

TOTAL EXPENDITURE

$ 565,070 638,928 $

$ 729,093 682,481 $

$ 692,087 722,952 $

$ 754,304 778,724 $

TRANSFERS SUMMARY General Capital Contribution

28,133

9,441 3,269 3,793

9,441 40,052

33,065

20,688

22,212

22,219

Provincial Casino Revenue Sharing Tree Replacement Contribution

3,313 3,328

3,308 4,400

3,273 4,065

3,306 4,215

3,339 4,365

3,372 4,515

3,406 4 ,665

Internal Borrowing

23,435

46,910

14,996 33,800

33,800 10,524 84,910

33,800 10,524 72,716

33,800 10,524 74,423

33,800 10,524 74,614

Other Transfers To/(From) Capital Transfers To/(From) Capital Sources Roads & Traffic Safety Contribution Local Govt. Climate Action Program Other Transfers To/(From) Operating Transfers To/(From) Operating Sources

7,480

(12,007)

(4,903)

10,524

71,089

51,406

27,242 91,714

12,923

10,818

10,818

8,425 3,443

5,838

3,070

- -

- -

1,175

1,175

1,175

-

-

17,174 122,574 31,272 134,567

(34,640) (22,647)

41,413 53,281

53,221 59,059

63,622 66,692

40,228 40,228

55,228 55,228

TOTAL TRANSFERS

$ 102,361 185,973 $

$ 4,595 144,995 $

$ 143,969 139,408 $

$ 114,651 129,842 $

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

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