City of Surrey's 2024-2028 Financial Plan

5-YEAR CAPITAL PROGRAM—PARKS, RECREATION & CULTURE

(in thousands)

5 YEAR

CONTRIBUTION SUMMARY

2024

2025

2026

2027

2028 PROGRAM

Discretionary Contributions Community Amenity Contribution Reserve CAC & Bonus Density Contributions

$ 11,000 12,000 $ $ 12,000 12,000 $ $ 11,000 58,000 $ 11,000 12,000 12,000 12,000 11,000 58,000

Contributions from Operating City's Share - Parkland Acquistion DCC Program City's Share - Parkland Development DCC Program

212

217

217

217

217

1,080

8

8

8

8

8

40

Current Year`s Contribution - General Other Appropriations - Green City

32,717 21,554

3,445 16,830

7,809 82,355

1,500

1,500

1,500

1,500

1,500

7,500

34,437 23,279

5,170 18,555

9,534 90,975

Other Reserve Funds Artificial Turf Replacement Environmental Stewardship

540 120

-

-

-

-

540 600

120

120

120

120

Parking Cash-in-Lieu Vehicles & Equipment

-

350

350 470

350 470

350 470

350 350

1,750 2,890

1,010

46,447 35,749

17,640 31,025

21,004 151,865

Non-Discretionary Contributions DCC Reserve Funds Parkland

21,000 21,500

21,500 21,500

21,500 107,000

Parkland Development

800

825

825

825

825

4,100

21,800 22,325

22,325 22,325

22,325 111,100

NCP Reserve Funds Parks

600 600

1,400 1,400

1,980 1,980

- -

- -

3,980 3,980

Other Statutory Reserve Funds Parkland Acquisition

10,500 10,750 10,500 10,750

11,000 11,000 11,000 11,000

11,000 54,250 11,000 54,250

32,900 34,475

35,305 33,325

33,325 169,330

Other Contributions External Sources Federal/Provincial Contribution Growing Communities Fund

1,000

1,000

-

- - - - - -

- - - - - -

2,000

32,647 33,647

32,647 34,647

1,000

-

Other Sources

External Borowing Internal Borrowing

- - -

-

- - -

-

229,600 229,600

229,600 229,600

33,647 230,600

-

-

-

264,247

$112,994 300,824 $

$ 52,945 64,350 $

$ 54,329 585,442 $

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

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