2025-2029 Surrey Financial Plan

FINANCIAL SUMMARY—EXPENDITURE

(in thousands)

2023

2024

2024

2025

2026 PLAN

2027 PLAN

2028 PLAN

2029 PLAN

EXPENDITURE SUMMARY General Government Mayor, Council & Grants City Manager's Department

ACTUAL ACTUAL BUDGET BUDGET

$

5,688

$

6,975 6,711

$

7,136 6,513

$

7,384 6,526

$

7,446 6,805

$

7,511 7,094

$

7,578 7,397

$

7,648 7,713

12,969 59,548

Corporate Services

65,090 10,049

61,744 12,600

65,135 13,243

67,786 13,532

68,519 13,827 10,196 107,147 16,924 107,062 295,591 419,577 129,869 29,938 25,627 200,937 727,661 7,081 8,422

70,272 14,131 10,646 110,024 17,015 107,599 295,591 420,205 133,239 30,354 25,974 206,081 736,310 7,191 9,323

72,076 14,446 11,115 112,998 17,107 108,107 295,591 420,805 10,247 138,098 30,777 26,329 212,852 746,655 7,401

Finance

9,351 6,734

Legal, Bylaw & Risk Services (excl. Bylaw)

8,262

9,288

9,346

9,763

94,290

97,087

97,281 101,634

105,332

Public Safety Bylaw

11,080 80,152 248,256 339,488

12,809 87,607 274,787 375,203

12,699 91,390

14,153 95,816

15,510 101,184 295,591 412,285

Fire

Police

258,393 295,591 362,482 405,560

Other Engineering Services

3,963

4,212

5,795

6,677

7,540

Parks, Recreation & Culture Planning & Development

117,108 24,324 23,721 171,502 605,280 2,386

127,873 31,799 24,258 21,774 209,916 682,206

122,535 124,134

126,681 29,529 25,288 195,909 713,526 6,871

28,022 24,059 23,203

29,125 24,957 11,673

Surrey Public Library Corporate Operating

203,614 196,566 663,377 703,760

Departmental Expenditures

Council Initiative Fund

132

178

260

260

260

260

260

260

Fiscal Charges

2,312

712 160

100

1,271

1,296

1,322

1,348

1,375

Interest Paid on Tax Overpayments

25

25

112

113

114

115

116

External Borrowing

9,409

9,227

9,227 9,352

9,227

10,992 12,401

12,757 14,193

13,594 15,057

14,102 15,593

Fiscal Services & Debt Interest

11,746

10,099

10,610

Municipal Debt Principal

21,770

9,492

9,492

9,492

9,492

10,185

10,496

10,815

TOTAL EXPENDITURE

$ 638,928 701,975 $

$ 682,481 724,122 $

$ 735,679 752,299 $

$ 762,123 773,323 $

TRANSFERS SUMMARY General Capital Contribution

9,441 3,269 3,793

40,052

40,052

59,998

32,498

42,562

27,119

22,227

Provincial Casino Revenue Sharing Tree Replacement Contribution

2,898 3,610

3,273 4,065

2,962 3,646

2,992 3,796

3,022 3,946

3,052 4,096

3,083 4,246

46,910

65,674 (3,360)

33,800 10,524

-

-

-

33,800 10,180 78,247

33,800

Internal Borrowing

Other Transfers To/(From) Capital

(12,007)

45,274

44,826 84,112

44,369 93,899

9,705

Transfers To/(From) Capital Sources

51,406

108,874

91,714 111,880

73,061

Roads & Traffic Safety Contribution Local Govt. Climate Action Program Other Transfers To/(From) Operating Transfers To/(From) Operating Sources

10,818

28,424

8,425 3,443

5,820

3,090

- -

- -

- -

1,175

3,443

-

-

122,574 134,567

88,398 120,265

41,413 53,281

41,081 46,901

80,827 83,917

58,671 58,671

94,497 94,497

109,161 109,161

TOTAL TRANSFERS

$ 185,973 229,139 $

$ 144,995 158,781 $

$ 168,029 152,570 $

$ 172,744 182,222 $

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

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