2025-2029 Surrey Financial Plan

FINANCIAL SUMMARY—REVENUE

(in thousands)

2023

2024

2024

2025

2026 PLAN

2027 PLAN

2028 PLAN

2029 PLAN

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET

CORPORATE REVENUES General Property Tax Levy

$ 387,946

$ 438,060

$ 438,860 472,908 $

$ 494,489

$ 521,177

$ 549,449

$

579,401

Property/Folio Growth (City's Portion) Property Tax Rate Increase/(Decrease)

4,891

7,955

4,389

7,094

4,945

5,212

5,494

5,794

48,856

29,171

28,725

14,587

21,843

23,160

24,558

26,039

Provision for Adjustments

-

-

(100)

(100)

(100)

(100)

(100)

(100)

441,693 24,536 51,175 517,404

475,186 31,031 52,142 558,359

471,874 494,489

521,177 31,455 52,997 605,629

549,449 31,656 53,524 634,629

579,401 31,868 54,056 665,325

611,134 32,089 54,594 697,817

Grants in Lieu

20,025 51,235

31,264 52,475

Capital Parcel Tax

Taxation

543,134 578,228

Secondary Suite Infrastructure Fee Other Corporate Fees & Charges

28,897

37,129

33,369

35,492

36,555

37,648

38,775

39,936

7,170

5,246

4,812

4,646

4,796

4,946

5,096

5,246

Corporate Sale of Goods and Services

36,067

42,375

38,181

40,138

41,351

42,594

43,871

45,182

Corporate Developer Contributions

1,941

1,277

-

-

-

-

-

-

Corporate Investment Income

78,300

93,014

70,608

62,390

56,546

47,329

39,494

32,835

Provincial Casino Revenue Sharing Local Govt. Climate Action Program Other Corporate Government Transfers

3,269 1,175

2,898 3,443

3,273 3,443

2,962

2,992

3,022

3,052

3,083

-

-

-

-

-

33,880 38,324

68,789 75,130 13,206 10,616 23,822 793,977

42,683 49,399

60,923 63,885

55,811 58,803

31,901 34,923

31,977 35,029

21,977 25,060

Corporate Government Transfers

Corporate Lease Revenue

10,556

10,687

13,392

13,454

14,326

17,010

16,845

Penalties & Interest

6,682

7,000

8,000

8,000

8,000

8,000

8,000

Corporate Other Revenues Total Corporate Revenues DEPARTMENTAL REVENUES General Government City Manager's Department

17,238

17,687

21,392

21,454

22,326

24,845

25,010

689,274

719,009 766,033

783,783

781,801

808,564

825,904

7,465 5,827 1,439

876

-

2,400 6,920 1,544

2,400 7,127 1,591

2,400 7,340 1,639

2,400 7,560 1,688

2,400 7,787 1,739

Corporate Services

3,584 1,510 5,970

6,560 1,513 8,073

Finance

14,731

10,864

11,118

11,379

11,648

11,926

Public Safety Bylaw

12,362

12,992

10,899

11,139

11,474

11,818

12,172

12,538

Fire

5,959 9,570

7,055

5,015 8,438

5,352

5,512

5,677

5,846

6,020

Police

22,389 42,436

10,508 26,999

10,508 27,494

10,508 28,003

10,508 28,526

10,508 29,066

27,891

24,352

Other Engineering Services

9,897

7,373

7,471

8,477

8,711

8,951

9,198

9,453

Parks, Recreation & Culture Planning & Development

39,605 40,145

43,347 35,890

37,249 29,847

37,696 31,379

38,826 32,321

39,990 33,290

41,189 34,287

42,425 35,316

Surrey Public Library

3,358

2,121

1,475

1,455

1,455

1,455

1,455

1,455

93,005

88,731

76,042

79,007

81,313

83,686

86,129

88,649

Total Departmental Revenues

135,627

137,137

108,467 116,870

119,925

123,068

126,303

129,641

TOTAL REVENUE

$ 824,901 931,114 $

$ 827,476 882,903 $

$ 903,708 904,869 $

$ 934,867

$ 955,545

City of Surrey | 2025—2029 Financial Plan | General Operating

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