City of Surrey's 2024-2028 Financial Plan

5-YEAR CAPITAL PROGRAM—EXECUTIVE SUMMARY

(in thousands)

5 YEAR

CONTRIBUTION SUMMARY

2024

2025

2026

2027

2028 PROGRAM

Discretionary Contributions Community Amenity Contribution Reserve

$ 11,000 12,000 $ $ 12,000 12,000 $ $ 11,000 $

58,000

Contribution from Operating Other Appropriations - Green City

130,287 125,591

110,043 81,843

97,182 544,946

1,500

1,500

1,500

1,500

1,500

7,500

Other Reserve Funds

11,824 11,265 154,611 150,356

15,803 11,300 139,346 106,643

11,300

61,492

120,982 671,938

Non-Discretionary Contributions DCC Reserve Funds

83,009 90,719

106,926 109,913

111,049 501,616

NCP Reserve Funds

800

1,600

2,180

200

200

4,980

Other Statutory Reserve Funds

10,500 10,750 94,309 103,069

11,000 11,000 120,106 121,113

11,000

54,250

122,249 560,846

Other Contributions External Sources

77,262 41,914

32,212 24,280

36,206 211,874

Other Sources

-

229,600

-

-

-

229,600

77,262 271,514

32,212 24,280

36,206 441,474

Unidentified - Budget Authority (not funded)

50,000 50,000

50,000 50,000

50,000 250,000

Total Current Year's Contributions

376,182 574,939

341,664 302,036

329,437 1,924,258

$ 3 76 ,1 8 2 57 4 ,9 3 9 $

$341,664 302,036 $

$329,437 1,924,258 $

EXPENDITURE SUMMARY

Capital Renewal & Maintenance Buildings

$

4,000 $

4,000 $

4,000 $

4,000 $

4,000 $

20,000 77,212

Equipment

14,704 14,475 196,834 203,601 31,712 32,467

19,013 14,510 207,902 173,200 32,717 32,717

14,510

Other Capital Improvements

201,560 983,097 32,717 162,330

Land Acquisition

Sundry & Contingency

2,178

2,093

1,857

1,529 10,591

18,248

249,428 256,636

265,489 225,956

263,378 1,260,887

Ranked Projects Buildings

52,147 242,853 24,607 25,450 76,754 268,303

12,000 10,300 14,175 15,780 26,175 26,080

12,200 329,500

Other Capital Improvements

3,859

83,871

16,059 413,371

Unidentified - Budget Authority (not funded)

50,000 50,000

50,000 50,000

50,000 250,000

Total Current Year's Expenditures

376,182 574,939

341,664 302,036

329,437 1,924,258

$ 3 76 ,1 8 2 57 4 ,9 3 9 $

$341,664 302,036 $

$329,437 1,924,258 $

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

392