2025-2029 Surrey Financial Plan

CONSOLIDATED FINANCIAL SUMMARY—SIGNIFICANT CHANGES (in thousands)

2024 ADOPTED BUDGET

$

-

REVENUES Taxation

General Operating Property/Folio Growth (City's Portion)

……………………………… ……………………………… ……………………………… ……………………………… ………………………………

$

7,094

Taxation Rate Increase

14,587

Other Taxation Adjustments

934

Capital Parcel Tax

1,240

Grants in lieu

11,239 $

35,094

Utilities

7,132

42,226

Sale of Goods and Services General Operating Corporate

……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ………………………………

1,957

Corporate Services Engineering Services

6

268

Finance

31

Fire

337

Legal, Bylaw & Risk Services Parks, Recreation & Culture Planning & Development

30

539 564

Police

1,127

4,859

Utilities

60,899

65,758

Development Cost Charges and Developer Contributions

5,077

Investment Income

3,905

Transfers from Other Governments General Operating City Manager

……………………………… ……………………………… ……………………………… ………………………………

2,400

Parks, Recreation & Culture

462 943

Police

Corporate

14,486

18,291

Utilities

336

Reserves and Capital/Other Entities

(44,678)

(26,051)

Other Revenue

General Operating Corporate Corporate Services Engineering Services

……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ………………………………

3,705

354 738 210

Legal, Bylaws & Risk Services Parks, Recreation & Culture Planning & Development

(554)

968

Surrey Public Library

(20)

5,401

Utilities

10

Reserves and Capital/Other Entities

200

5,611

Total Change in Revenue

$ 96,526

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

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