City of Surrey's 2024-2028 Financial Plan

SURREY CITY ENERGY—FINANCIAL SUMMARY (in thousands)

2022

2023

2023

2024

2025

2026

2027

2028

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

Sale of Goods and Services

$

4,827

$ 6,390 6,738 $

$ 8,043

$ 10,581

$ 12,920

$ 15,046

$ 17,300

Other Revenue

36

71

-

40

40

40

40

40

TOTAL REVENUE

$

4,938

$ 6,477 6,738 $

$ 8,083

$ 10,621

$ 12,960

$ 15,086

$ 17,340

EXPENDITURE SUMMARY

Salaries and Benefits

777

885

755

987

1,006 5,612

1,026 6,164

1,046 7,263

1,067 8,358

Operating Costs

2,925

3,629 3,951

4,390

Internal Services Used

51

39

-

-

-

-

-

-

Internal Services Recovered

(77) (26)

(91)

(100)

(100)

(102)

(104)

(106)

(108)

External Recoveries

-

-

-

-

-

-

-

TOTAL EXPENDITURE

$

3,650

$ 4,462 4,606 $

$ 5,277

$ 6,516

$ 7,086

$ 8,203

$ 9,317

TRANSFERS SUMMARY

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

$

993 295

$ 1,621 1,738 $

$ 2,283

$

3,572

$

5,330

$

6,328

$

7,457

394

394

523

533

544

555

566

TOTAL TRANSFERS

$

1,288

$ 2,015 2,132 $

$ 2,806

$ 4,105

$ 5,874

$ 6,883

$ 8,023

NET SURREY CITY ENERGY

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Surrey City Energy Operations 72% Capital 28%

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

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