2025-2029 Surrey Financial Plan

CONSOLIDATED FINANCIAL SUMMARY

(in thousands)

2023

2024

2024

2025

2026 PLAN

2027 PLAN

2028 PLAN

2029 PLAN

REVENUE SUMMARY

ACTUAL

ACTUAL

BUDGET

BUDGET

Taxation General Operating Utilities Operating

$

1,050,771

$

1,176,098

$

1,074,811

$ 1,182,277

$

1,215,720

$

1,250,821

$

1,287,680

$

1,326,397

82,669

90,090

88,772

95,904

102,736

109,976

111,453

112,796

Gross Taxation

1,133,440

1,266,188

1,163,583

1,278,181 (604,049) 674,132

1,318,456

1,360,797

1,399,133

1,439,193

Less: Collection for Other Authorities

(533,367)

(617,741)

(531,677)

(610,091)

(616,192)

(622,355)

(628,580)

600,073

648,447

631,906

708,365

744,605

776,778

810,613

Sale of Goods and Services General Operating

94,058 248,356

99,497 275,324

93,174 257,827

98,033 318,726

100,900 335,452

103,844 353,631

106,870 376,080

109,987 397,023

Utilities Operating Reserves and Capital

509

91

- -

- -

- -

- -

- -

- -

Other Entities (including Consolidation adjustments)

(1,785)

(1,914)

341,138

372,998

351,001

416,759

436,352

457,475

482,950

507,010

Development Cost Charges

62,625

106,775

83,009

93,967

113,175

115,361

117,839

104,987

Developer Contributions Developer Contributions Capital External Sources

226,295

212,844

101,032

100,851

100,867

100,884

100,902

100,920

3,654

6,267

-

-

-

-

-

-

Capital NCP Reserve Funds

15,166 21,406

27,300 16,835

800

1,600

2,180

200

200

200

Capital CAC & Bonus Density Contributions

11,000 10,500

12,000

12,000

12,000

11,000

11,000

Capital Cash in lieu of Parkland

6,802

3,227

3,000

3,000

3,000

3,000

3,000

273,323

266,473

123,332

117,451

118,047

116,084

115,102

115,120

Investment Income General Operating Utilities Operating

78,300

93,014

70,608

62,390

56,546

47,329

39,494

32,835

1,073 4,991

4,450

3,819

6,334

6,068

3,868

3,746

2,949

Reserves and Capital

13,781

18,881

28,479

25,811

21,604

18,028

14,988

Other Entities (including Consolidation adjustments)

815

672

190

200

200

200

200

200

85,179

111,917

93,498

97,403

88,625

73,001

61,468

50,972

Transfers from Other Governments General Operating

59,120 13,082 127,902

93,515

57,725

76,016

70,954

47,095

47,222

37,275

Utilities Operating Reserves and Capital

8,971

7,482

7,818

7,937

8,094

8,254

8,417

39,001

77,262

32,584 116,418

46,445

16,447

30,748

15,647

200,104

141,487

142,469

125,336

71,636

86,224

61,339

Other Revenue General Operating Utilities Operating

74,078

85,452

62,835

68,236

69,679

71,972

75,956

77,631

5,419 8,521

6,151 4,741

5,182 2,000

5,192 2,000

5,357 2,000

5,733 2,000

5,931 2,000

6,142 2,000

Reserves and Capital - Gain on Sale of Assets Other Entities (including Consolidation adjustments)

90

(7,826)

-

200

200

200

200

200

88,108

88,518

70,017

75,628

77,236

79,905

84,087

85,973

$ 1,650,550

$ 1,736,615

$ 1,495,232

$ 1,591,758

$ 1,667,136

$ 1,658,067

$ 1,724,448

$ 1,736,014

City of Surrey | 2025—2029 Financial Plan | Financial Overview

105