City of Surrey's 2024-2028 Financial Plan

CAPITAL FINANCIAL PLAN BYLAW, 2024, NO. 21219

CITY OF SURREY

Bylaw 21219

Schedule 1

Capital Financial Plan To establish years 2024 to 2028 2024 2025

2026

2027

2028

PROPOSED FUNDING SOURCES Development Cost Charges

$ 83,009,000

$ 90,720,000 106,926,000 $

$ 109,913,000 111,049,000 $

Developer Contributions

122,300,000 124,350,000

125,180,000 123,200,000

122,200,000

Federal/Provincial Contribution BC Growing Communities Fund Transfers from Other Governments

44,615,000 32,647,000 77,262,000

41,914,000

32,212,000

24,280,000

36,206,000

-

-

-

-

41,914,000

32,212,000

24,280,000

36,206,000

TOTAL FUNDING SOURCES

$ 282,571,000 256,984,000 $

$ 264,318,000 257,393,000 $

$ 269,455,000

PROPOSED EXPENDITURES Police Services

$ 1,222,000

$ 1,216,000

$ 1,057,000

$ 1,016,000

$

810,000

Fire Services

3,002,000 20,427,000 19,861,000 2,290,000 52,229,000 53,412,000 1,809,000 2,304,000 30,000

3,015,000 20,644,000 18,997,000 2,128,000 52,125,000 58,916,000 1,765,000 2,768,000 -

3,531,000 20,106,000 18,480,000 2,319,000 50,285,000 66,691,000 1,765,000 2,842,000 -

3,455,000 20,539,000 18,142,000 1,865,000 48,065,000 72,184,000 1,765,000 2,869,000 -

3,748,000 28,064,000 18,166,000 1,693,000 48,881,000 77,998,000 1,765,000 3,073,000 184,198,000 100,000,000 329,437,000 429,437,000 -

Parks, Recreation & Culture General Government Planning & Development Surrey Public Library Engineering Services Water, Sewer & Drainage

Solid Waste

Surrey City Energy

Municipal Amortization Expenditures

156,586,000 161,574,000

167,076,000 169,900,000

Capital Expenditures - Contributed Capital Expenditures - Current Years

100,000,000 100,000,000 376,182,000 574,939,000 476,182,000 674,939,000

100,000,000 100,000,000 341,664,000 302,036,000 441,664,000 402,036,000

Capital Expenditures

TOTAL EXPENDITURES

$ 632,768,000 836,513,000 $

$ 608,740,000 571,936,000 $

$ 613,635,000

PROPOSED TRANSFERS BETWEEN CAPITAL AND OPERATING SOURCES Transfers To/(From) Capital Funds (286,873,000) (287,164,000)

(277,119,000) (15,803,000)

(251,743,000) (281,380,000)

Transfers To/(From) Reserve Funds Transfers To/(From) Capital Sources

(11,824,000)

(240,865,000)

(11,300,000)

(11,300,000)

$ (298,697,000) $ (528,029,000) $ (292,922,000) $ (263,043,000) (292,680,000) $

Transfers To/(From) Operating Sources

(1,500,000)

(1,500,000)

(1,500,000)

(1,500,000)

(1,500,000)

Unspecified Capital Budget Authority

(50,000,000)

(50,000,000)

(50,000,000)

(50,000,000)

(50,000,000)

TOTAL TRANSFERS BETWEEN SOURCES (350,197,000) $ $ (579,529,000) $ (344,422,000) $ (314,543,000) (344,180,000) $

BALANCED BUDGET

$

-

$

-

$

-

$

-

$

-

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

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