City of Surrey's 2024-2028 Financial Plan

WATER—FINANCIAL SUMMARY (in thousands)

2022

2023

2023

2024

2025

2026

2027

2028

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

Special Assessment

$

1 1

$

4 4

$

104 104

$

110 110

$

104 104

$

109 109

$

115 115

$

67 67

Taxation

Sale of Goods and Services

88,112

96,421

91,409

95,350 100,511

105,356 111,240

118,310

Developer Contributions

-

-

-

-

-

-

-

-

Investment Income

142

494

143

1,828

1,496

1,043

680

385

Penalties and Interest

786 548

938 496

754 525

762 530

770 535

778 540

786 545

794 550

Grants, Donations and Other

Other Revenue

1,334

1,434

1,279

1,292

1,305

1,318

1,331

1,344

TOTAL REVENUE

$ 89,589 98,353 $

$ 92,935

$ 98,580 103,416 $

$ 1 0 7 ,8 2 6 1 1 3 ,3 6 6 $

$ 1 2 0 ,1 0 6

EXPENDITURE SUMMARY

1,170

1,790

1,859

1,897

1,935

1,974

2,014

Salaries and Benefits

1,246

Operating Costs

74,930 10,683 (1,137) (3,283)

71,275 10,638 (1,209) (2,623)

64,287 11,573 (1,228) (2,786)

71,500 12,848 (1,253) (2,849)

78,177 13,101 (1,267) (2,907)

83,723 13,359 (1,281) (2,967)

87,358 13,622 (1,295) (3,028)

90,537 13,889 (1,309) (3,089)

Internal Services Used

Internal Services Recovered

External Recoveries

TOTAL EXPENDITURE

$ 82,439 79,251 $

$ 73,636

$ 82,105

$ 89,001

$ 94,769

$ 98,631 102,042 $

TRANSFERS SUMMARY

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

$

909

$ 10,622

$ 10,795

$ 8,113

$

5,886 8,529

$

4,357 8,700

$

5,861 8,874

$

9,013 9,051

6,241

8,480

8,504

8,362

TOTAL TRANSFERS

$ 7,150 19,102 $

$ 19,299

$ 16,475

$ 14,415

$ 13,057

$ 14,735

$ 18,064

$

-

$

-

NET WATER

$

-

$

-

$

-

$

-

$

-

$

-

Water Operations 24.8% GVWD Purchases 66.9% Capital 8.2%

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

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