City of Surrey's 2024-2028 Financial Plan

DRAINAGE—FINANCIAL SUMMARY

(in thousands)

2022

2023

2023

2024

2025

2026

2027

2028

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

Drainage Parcel Tax Special Assessment

$ 43,534

$ 45,382

$ 45,074 46,425 $

$ 47,255

$ 48,101

$ 48,965

$ 49,844

27

53

27

27

28

29

30

31

Taxation

43,561

45,435

45,101 46,452

47,283

48,130

48,995

49,875

Sale of Goods and Services

37

111

20

20

20

20

20

20

Developer Contributions

102

-

182

182

182

182

182

182

Investment Income

50

227

99

824

800

661

317

214

Transfers from Other Governments

789

768

30

94

4

4

4

4

Other Revenue

354

413

262

329

332

335

338

341

TOTAL REVENUE

$ 44,893

$ 46,954 45,694 $

$ 47,901

$ 48,621

$ 49,332

$ 49,856

$ 50,636

EXPENDITURE SUMMARY

Salaries and Benefits

1,957 6,392 6,651

1,990 6,853 6,191

2,069 8,142 6,069

2,339 7,241 6,313

2,386 7,386 6,396

2,434 7,534 6,523

2,483 7,684 6,653

2,533 7,838 6,786

Operating Costs

Internal Services Used

Internal Services Recovered

(295)

(364)

(377)

(388)

(396)

(404)

(412)

(420)

External Recoveries

(38)

(75)

-

-

-

-

-

-

.

TOTAL EXPENDITURE

$ 14,667

$ 14,595 15,903 $

$ 15,505

$ 15,772

$ 16,087

$ 16,408

$ 16,737

TRANSFERS SUMMARY

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

$ 15,746

$ 25,062

$ 20,085 23,306 $

$ 27,791

$ 28,431

$ 28,537

$ 28,890

14,480

7,297

9,706

9,090

5,058

4,814

4,911

5,009

TOTAL TRANSFERS

$ 30,226

$ 32,359 29,791 $

$ 32,396

$ 32,849

$ 33,245

$ 33,448

$ 33,899

NET DRAINAGE

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Drainage Operations 51.3% Capital 48.7%

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

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