City of Surrey's 2024-2028 Financial Plan

FINANCE—DEPARTMENTAL OPERATIONS (in thousands)

2022

2023

2023

2024

2025

2026

2027

2028

DIVISION SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

Administration

$

1,833 1,547 2,188 1,100

$

2,034 1,523 2,827 1,538

$

2,941 1,094 4,189 1,730

$ 2,923

$

3,151 1,669 4,737 1,962

$

3,397 1,772 4,988 2,086

$

3,664 1,881 5,252 2,217

$

3,953 1,996 5,528 2,355

Financial Reporting & Payroll

1,572 4,498 1,844

Financial Services Revenue Services

$ 6,668

$ 7,922

$ 9,954

$ 10,837

$ 11,519

$ 12,243

$ 13,014

$ 13,832

ACCOUNT SUMMARY

Revenues Sale of Goods and Services

$ (1,523) $ (1,436) $ (1,462) $ (1,513) $ (1,555) $ (1,598) $ (1,642) $ (1,688)

Transfers from Other Governments

- -

-

- -

- -

- -

- -

- -

- -

Grants, Donations and Other

(3)

(1,523)

(1,439)

(1,462)

(1,513)

(1,555)

(1,598)

(1,642)

(1,688)

Expenditures Salaries and Benefits

8,781

9,522

11,060 12,183

12,901

13,662

14,471

15,331

Operating Costs

506

578

1,287

1,287

1,326

1,366

1,407

1,449

Internal Services Used

50

35

51

51

54

57

60

63

Internal Services Recovered

(694)

(763)

(704)

(893)

(929)

(966)

(1,004)

(1,045)

External Recoveries

(26)

(21)

(28)

(28)

(28)

(28)

(28)

(28)

8,617

9,351

11,666 12,600

13,324

14,091

14,906

15,770

Net Operations Total

7,094

7,912

10,204

11,087

11,769

12,493

13,264

14,082

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

-

10

-

-

-

-

-

-

(426) (426)

-

(250) (250)

(250) (250)

(250) (250)

(250) (250)

(250) (250)

(250) (250)

10

$ 6,668

$ 7,922

$ 9,954

$ 10,837

$ 11,519

$ 12,243

$ 13,014

$ 13,832

2.00% of General Net Taxation allocated to Finance

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

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