City of Surrey's 2024-2028 Financial Plan

UTILITIES OPERATING FINANCIAL SUMMARY

(in thousands)

2022

2023

2023

2024

2025

2026

2027

2028

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

Levy/Parcel Tax Grants in Lieu

$ 74,294

$ 80,746

$ 80,092 86,708 $

$ 93,307 100,358 $

$ 107,689 109,155 $

1,271

1,578

1,131

1,622

1,638

1,654

1,670

1,686

Special Assessment

589

345

418

442

454

479

506

480

Taxation

76,154

82,669

81,641 88,772

95,399 102,491

109,865 111,321

Sale of Goods and Services

221,229 248,356

238,662 257,827

281,257 299,483

317,438 339,085

Developer Contributions

852

883

1,087

1,032

1,032

1,032

1,032

1,032

Investment Income

284

1,073

412

3,819

3,261

2,476

1,578

952

Transfers from Other Governments

9,278

13,082

7,115

7,482

7,504

7,654

7,807

7,963

Penalties and Interest

1,702 3,585 5,287

2,094 3,325 5,419

1,679 3,232 4,911

1,746 3,436 5,182

1,764 3,600 5,364

1,782 3,720 5,502

1,800 4,132 5,932

1,818 4,350 6,168

Grants, Donations and Other

Other Revenue

TOTAL REVENUE

$ 3 1 3 ,0 8 4 3 5 1 ,4 8 2 $

$ 333,82 8 3 64,114 $

$ 3 9 3 ,8 1 7 4 1 8 ,6 3 8 $

$ 443,65 2 4 66,521 $

EXPENDITURE SUMMARY

Operational Expenditures

$ 243,818 259,692 $

$ 249,475 274,858 $

$ 294,625 310,321 $

$ 323,507 338,521 $

Debt Interest

1,724

1,675

1,675

1,623

1,569

1,513

1,453

1,390

Debt Principal

935

983

983

1,035

1,089

1,146

1,205

1,268

TOTAL EXPENDITURE

$ 2 4 6 ,4 7 7 2 6 2 ,3 5 0 $

$ 252,13 3 2 77,516 $

$ 2 9 7 ,2 8 3 3 1 2 ,9 8 0 $

$ 326,16 5 3 41,179 $

TRANSFERS SUMMARY

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

52,113 14,494

71,009 18,123

63,600 66,236 18,095 20,362

72,918 23,616

78,021 27,637

85,496 31,991

92,848 32,494

$ 96,534 105,658 $

$ 117,48 7 1 25,342 $

TOTAL TRANSFERS

$ 66,607

$ 89,132

$ 81,695

$ 86,598

TOTAL UTILITIES OPERATING

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

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

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