City of Surrey's 2024-2028 Financial Plan

GENERAL OPERATING BYLAW, 2024, NO. 21217

CITY OF SURREY

Bylaw 21217

Schedule 1

General Operating Financial Plan To establish years 2024 to 2028 2024 2025

2026

2027

2028

PROPOSED FUNDING SOURCES Property Tax Levy Revenues from Property Value Taxes

$ 491,899,000 522,609,000 $ 491,899,000 522,609,000

$ 555,456,000 590,593,000 $ 555,456,000 590,593,000

$ 628,182,000 628,182,000 53,305,000 53,305,000 681,487,000

General - Capital Parcel Tax Revenues from Parcel Taxes

51,235,000 51,235,000

51,745,000 51,745,000

52,260,000 52,260,000

52,780,000 52,780,000

Taxation Revenues

543,134,000 574,354,000

607,716,000 643,373,000

Sales of Goods and Services: Departmental Fees & Charges Secondary Suite Infrastructure Fee

54,993,000 33,369,000 4,812,000 93,174,000

56,630,000 34,704,000 5,574,000

58,316,000 36,091,000 5,778,000

60,051,000 37,535,000 5,985,000

61,840,000 39,037,000 6,193,000

Other Fees & Charges

Revenues from Fees

96,908,000 100,185,000

103,571,000 107,070,000

Investment Income

70,608,000

63,227,000

51,508,000

41,547,000

38,080,000

Departmental Government Transfers Corporate Government Transfers Transfers from Other Governments

8,326,000 49,399,000 57,725,000 41,910,000 13,925,000 7,000,000 62,835,000

8,332,000 29,094,000 37,426,000 43,164,000 13,977,000 7,000,000 64,141,000

8,338,000 29,127,000 37,465,000 44,456,000 14,030,000 7,000,000 65,486,000

8,344,000 5,250,000 13,594,000 45,786,000 14,084,000 7,000,000 66,870,000

8,350,000 5,284,000 13,634,000 47,156,000 14,139,000 7,000,000 68,295,000 120,009,000

Departmental Other Revenues Corporate Lease Revenue Corporate Penalties & Interest

Other Revenue

Revenues from Other Sources

191,168,000 164,794,000

154,459,000 122,011,000

TOTAL FUNDING SOURCES

$ 827,476,000 836,056,000 $

$ 862,360,000 868,955,000 $

$ 908,566,000

PROPOSED EXPENDITURES Police Services Parks, Recreation & Culture General Government Planning & Development Surrey Public Library Engineering Services Operating Contingency Fire Services

$ 258,393,000 260,442,000 $

$ 262,599,000 264,871,000 $

$ 266,900,000

91,390,000

99,194,000 108,000,000

117,589,000 123,155,000

120,161,000 126,222,000 129,944,000 120,237,000

133,166,000 139,822,000 127,846,000 134,447,000

146,570,000 139,393,000 32,572,000 28,971,000 15,436,000

26,648,000 24,059,000 11,542,000 1,500,000

28,019,000 25,198,000 12,428,000 1,500,000

29,460,000 26,395,000 13,371,000 1,500,000

30,976,000 27,651,000 14,372,000 1,500,000

1,500,000

Municipal Expenditures

663,637,000 673,240,000

702,337,000 731,228,000

754,497,000

Fiscal Services & Debt Interest

9,352,000

9,355,000

11,123,000

12,891,000

13,731,000

Municipal Debt Repayment TOTAL EXPENDITURES

9,492,000

9,492,000

9,492,000

10,185,000

10,496,000

$ 682,481,000 692,087,000 $

$ 722,952,000 754,304,000 $

$ 778,724,000

PROPOSED TRANSFERS BETWEEN CAPITAL AND OPERATING SOURCES Transfers To/(From) Capital Funds 57,914,000 51,110,000

38,916,000 33,800,000

40,623,000 33,800,000

40,814,000 33,800,000

Internal Borrowing To/(From) Reserves

33,800,000

33,800,000

Transfers To/(From) Capital Sources

$ 91,714,000

$ 84,910,000

$ 72,716,000

$ 74,423,000

$ 74,614,000

Transfers To/(From) Operating Sources

$ 53,281,000

$ 59,059,000

$ 66,692,000

$ 40,228,000

$ 55,228,000

TOTAL TRANSFERS BETWEEN SOURCES 144,995,000 $

$ 143,969,000 139,408,000 $

$ 114,651,000 129,842,000 $

BALANCED BUDGET

$

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$

-

$

-

$

-

$

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

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