City of Surrey's 2024-2028 Financial Plan

TRANSPORTATION—FINANCIAL SUMMARY (in thousands)

2022

2023

2023

2024

2025

2026

2027

2028

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

Roads & Traffic Safety Levy

$ 30,760

$ 35,364

$ 35,018 40,283 $

$ 46,052

$ 52,257

$ 58,724

$ 59,311

Grants in Lieu

1,271

1,578

1,131

1,622

1,638

1,654

1,670

1,686

Special Assessment

135

120

256

272

288

305

324

343

Taxation

32,166

37,062

36,405 42,177

47,978

54,216

60,718

61,340

Sale of Goods and Services

1,564

3,274

987

1,057

1,085

1,106

1,135

1,165

Developer Contributions

675

867

905

850

850

850

850

850

Transfers from Other Governments

8,489

12,314

7,085

7,388

7,500

7,650

7,803

7,959

Other Revenue

2,554

2,356

2,373

2,505

2,659

2,769

3,171

3,379

TOTAL REVENUE

$ 45,448

$ 55,873

$ 47,755

$ 53,977

$ 60,072

$ 66,591

$ 73,677

$ 74,693

EXPENDITURE SUMMARY

Salaries and Benefits

$

5,159

$

4,824

$

6,480

$ 6,850

$

6,986

$

7,126

$

7,268

$

7,413

Operating Costs

22,558 14,406 (2,217)

30,138 14,093 (2,276)

19,949 22,530 13,442 14,137

22,979 14,231 (1,010)

23,435 14,536 (1,027)

23,901 14,793 (1,045)

24,377 15,083 (1,063)

Internal Services Used

Internal Services Recovered

(940) (455)

(979) (455)

External Recoveries

(668)

(548)

(465)

(474)

(483)

(492)

TOTAL EXPENDITURE

$ 39,238

$ 46,231

$ 38,476

$ 42,083

$ 42,721

$ 43,596

$ 44,434

$ 45,318

TRANSFERS SUMMARY

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

$ 18,504

$ 21,258

$ 20,918 21,770 $

$ 24,513

$ 27,254

$ 30,498

$ 30,700

(12,294)

(11,616)

(11,639)

(9,876)

(7,162)

(4,259)

(1,255)

(1,325)

TOTAL TRANSFERS

$ 6,210

$ 9,642

$ 9,279

$ 11,894

$ 17,351

$ 22,995

$ 29,243

$ 29,375

NET ROADS & TRAFFIC

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Roads 36.9%

Traffic 17.0%

Transportation Planning 11.9%

Capital 34.1%

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

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