2025-2029 Surrey Financial Plan

CONSOLIDATED FINANCIAL SUMMARY—SIGNIFICANT CHANGES (in thousands)

2025 ADOPTED BUDGET

$

-

REVENUES Taxation

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

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

$

21,445 95,600

Taxation Rate Increase

Other Taxation Adjustments

(400)

Capital Parcel Tax

825

Grants in lieu

2,119 $

119,589 16,892

Utilities

136,481

Sale of Goods and Services General Operating Corporate Services

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

37

Engineering Services

881 195 668 175

Finance

Fire

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

4,409

545

Corporate

5,044

11,954 78,297

Utilities

90,251

Development Cost Charges and Developer Contributions

8,689

Investment Income

(46,431)

Transfers from Other Governments General Operating Parks, Recreation & Culture

……………………………… ………………………………

84

Corporate

(38,825)

(38,741)

Utilities

599

Reserves and Capital/Other Entities

(16,937)

(55,079)

Other Revenue

General Operating Corporate Services Engineering Services

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

830

95

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

1,224

236

3,392 3,618

Corporate

9,395

Utilities

950

10,345

Total Change in Revenue

$ 144,256

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

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