City of Surrey's 2024-2028 Financial Plan

EXECUTIVE OVERVIEW

Reader’s Guide

2

Message from the CFO/General Manager, Finance

4

Budget Summary

11

Approved Supplemental Funding Information

12

Strategic Framework

13

Financial Planning Process

22

COMMUNITY PROFILE

Surrey’s History

28

Population and Growth Statistics

34

Business and Industry

37

Taxes, Utilities, and Assessments

42

Educational Services

44

Health and Safety Services

46

ORGANIZATIONAL PROFILE City Government and Administration

58

Organizational Objectives

61

Organizational Governance

64

Integrated Planning Model

69

City of Surrey Corporate Functions

70

Staffing Complement

71

FINANCIAL OVERVIEW Economic Overview

76

Major Revenue Sources

82

Debt

89

Source and Application of Funds

91

Overview of Fund Structure

93

Consolidated Financial Summary

97

GENERAL OPERATING FUNDS

OVERVIEW

112

FINANCIAL SUMMARY

113

Mayor, Council and Grants

121 135

City Manager

City of Surrey | 2024—2028 Financial Plan | Table of Contents

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