City of Surrey's 2024-2028 Financial Plan

SURREY CITY ENERGY—SIGNIFICANT CHANGES (in thousands)

REVENUES 2023 ADOPTED BUDGET

$

6,738

Other Revenue Rate Change

……………………………. ……………………………. …………………………….

40 96

Growth

1,209

Total Change in Revenue

1,345

2024 REVENUE BUDGET

$

8,083

EXPENDITURES 2023 ADOPTED BUDGET

$

6,738

Expenditures Salaries/Wages & Benefits Salary Rate and Range Increase

…………………………….

232

232

Operating Costs Increase in Service Levels

…………………………….

439

439

Internal Services Used

-

-

Internal Services Recovered

-

-

Transfer to Capital District Energy Systems

…………………………….

545

545

Transfer to Operating Transfer to General Operating

…………………………….

129

129

Total Change in Expenditures

1,345

2024 EXPENDITURE BUDGET

$

8,083

2024 BUDGET

$

-

REVENUES 2024 ADOPTED BUDGET

$

8,083

Increase Due to Rate and Growth

…………………………….

$

9,257

9,257

2028 REVENUE BUDGET

$

17,340

EXPENDITURES 2024 ADOPTED BUDGET

$

8,083

Expenditures Increase to Maintenance & Operations TRANSFERS Transfers to/(from Capital Sources Transfer to/(from) Operating Sources

…………………………….

4,040

4,040

……………………………. …………………………….

5,174

43

5,217

2028 EXPENDITURE BUDGET

$

17,340

2028 BUDGET

$

-

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

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