City of Surrey's 2024-2028 Financial Plan

CONSOLIDATED FINANCIAL SUMMARY—DEPARTMENTS (in thousands)

2022

2023

2023

2024

2025

2026

2027

2028

NET DEPARTMENTAL

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

GENERAL OPERATING FUND Mayor, Council & Grants

$

2,787 6,365

$

3,258 8,053

$

3,302 8,126

$

3,898 9,759

$

4,047

$

4,207

$

4,378

$

4,563

City Manager

10,366 67,913

11,016 72,442

11,713 77,294

12,461 81,000

Corporate Services Engineering Services

51,147 (1,501)

56,669

56,398

63,662

(559)

4,425 9,954

4,396

4,965

5,582

6,247

6,965

Finance

6,668

7,922

10,837 87,752 79,791 (2,267) 249,955

11,519

12,243

13,014

13,832

Fire

66,664 64,015

75,188 71,071

75,476 72,045 (3,347)

95,406 104,058

113,488 118,890 96,000 101,528

Parks, Recreation & Culture Planning & Development

84,735 (1,791)

90,528 (1,273)

(13,741) 208,421

(14,553)

(707)

(89)

Police

231,730 329,965

251,962 254,076

256,304 258,287

Social Infrastructure & Community Investments

4,268

5,430

6,478

8,998

9,606

10,260 24,920

10,962 26,176

10,030 27,496

Surrey Public Library Corporate Operating

19,820

19,878

21,306 23,063

22,584 26,441

23,723 10,061

3,140

4,988

9,566

9,576

9,586

UTILITIES OPERATING FUNDS Drainage Operations

12,857 (2,178) 26,210 (7,309) (13,986) (1,177) (6,386)

12,677 (1,835) 27,866 (13,766) (11,799) (1,928) (28,148)

15,691 (1,320) 28,031 (10,991) (10,415) (2,132) (18,098)

15,062 (1,023) 31,133 (12,153) (10,365) (2,766) (13,775)

15,416 (1,050) 31,477 (16,692) (10,777) (4,065) (12,045)

15,728 (1,076) 32,071 (19,247) (11,051) (5,834) (11,127)

16,046 (1,103) 32,325 (21,594) (11,547) (6,843) (13,154)

16,372 (1,130) 32,815 (24,585) (11,548) (7,983) (16,818)

Parking Authority

Roads & Traffic Operations

Sewer Operations

Solid Waste Operations

Surrey City Energy Water Operations

142,440

147,244 149,732

156,586

161,574 167,076

169,900 184,198

AMORTIZATION EXPENSE

$ 568,524 599,386 $

$ 757,689 728,505 $

$ 736,350 764,165 $

$ 788,475 815,870 $

ACCOUNT SUMMARY

Revenues Sale of Goods and Services

$ (270,577) $ (306,347) $ (289,847) $ (312,820) $ (337,887) $ (357,799) $ (377,489) $ (400,925)

Transfers from Other Government Grants, Donations and Other

(26,059) (53,493) (350,129) 356,119 600,880 88,445 (99,144) (14,689)

(33,878) (57,565) (397,790)

(15,042) (42,145) (347,034)

(15,808) (45,346)

(15,836) (46,764) (400,487)

(15,992) (48,176) (421,967)

(16,151) (49,918) (443,558)

(16,313) (51,506) (468,744) 569,497 733,568 95,788 (113,901)

(373,974)

Expenditures Salaries and Benefits

403,118 465,349 633,003 651,842

470,176 493,871 645,116 657,281

519,454 546,756 683,277 702,298

Operating Costs

Internal Services Used

91,397

80,757

85,845

88,032

90,562

93,103

Internal Services Recovered

(100,934) (14,368)

(91,502) (9,816)

(98,597) (7,719)

(102,218)

(105,963)

(109,856)

(7,856)

(7,926)

(7,996)

External Recoveries

(7,787)

931,611 1,012,216

1,096,630 1,094,821

1,129,179 1,179,474

1,224,375 1,276,956

Net Operations Total

581,482 614,426

749,596 720,847

728,692 757,507

780,817 808,212

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

3,778

(11,446) (3,594) (15,040)

9,081

8,646

8,646

8,646

8,646

8,646

(16,736) (12,958)

(988)

(988)

(988)

(1,988)

(988)

(988)

8,093

7,658

7,658

6,658

7,658

7,658

$ 568,524 599,386 $

$ 757,689 728,505 $

$ 736,350 764,165 $

$ 788,475 815,870 $

City of Surrey | 2024—2028 Financial Plan | Financial Overview

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