City of Surrey's 2024-2028 Financial Plan

5-YEAR CAPITAL PLAN—FINANCIAL SUMMARY

(in thousands)

5 YEAR

REVENUE SUMMARY

2024

2025

2026

2027

2028

PROGRAM

Development Cost Charges

$

83,010 $

90,720 $

106,927 109,914 $ $ 111,049 $ 501,620

CAC & Bonus Density Revenue NCP developer contributions Devel Contrib - 5% in lieu Parkland

11,000

12,000

12,000

12,000

11,000

58,000

800

1,600

2,180

200

200

4,980

10,500 100,000 122,300 24,207 32,647 20,407 77,261

10,750 100,000 124,350

11,000

11,000

11,000 100,000 122,200

54,250 500,000 617,230 77,596 32,647 101,631 211,874

Developer Contributed TCAs

100,000 100,000 125,180 123,200

Developer Contributions

Federal/Provincial Government Transfers

23,052

12,821

9,561

7,955

Growing Communities Fund TransLink Contribution to Capital Transfers from Other Governments

-

-

-

-

18,863 41,915

19,391 32,212

14,719 24,280

28,251 36,206

TOTAL REVENUE

$ 282,571

$ 486,585

$ 264,319 257,394 $

$ 269,455 2,159,828 $

EXPENDITURE SUMMARY

Amortization

$

148,779 $

148,602 $

147,489 147,489 $ $ 147,489 $ 739,848

Capital Expenditures - Current & Prior Year Capital Expenditures - Contributed TCAs

376,182 100,000

574,939 100,000

341,664 302,036 100,000 100,000

329,437 1,924,258

100,000

500,000

TOTAL EXPENDITURE

$ 624,961

$ 823,541

$ 589,153 549,525 $

$ 576,926 3,164,106 $

TRANSFERS SUMMARY

Transfers To/(From) Capital Sources Transfers To/(From) Operating Sources Unspecified Capital Budget Authority

(290,890) (1,500) (50,000)

(285,456) (1,500) (50,000)

(273,334) (1,500) (50,000)

(240,631) (1,500) (50,000)

(255,971) (1,346,282)

(1,500) (50,000)

(7,500)

(250,000)

TOTAL TRANSFERS

$ (342,390) $ (336,956) $ (324,834) (292,131) $ $ (307,471) $ (1,603,782)

NET CAPITAL

$

-

$

-

$

-

$

-

$

-

$

-

City of Surrey | 2024—2028 Financial Plan | Capital Program

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