2025-2029 Surrey Financial Plan

FINANCE

• Collaborated with the Communications & Engagement Division to undertake the 2025 Budget engagement processes and solicit community feedback on budget priorities through online surveys and open houses throughout the City.

ECOSYSTEMS

• Continued to reduce the number of paper cheques issued by the City through increased enrollment for electronic fund transfers, reducing paper waste and the carbon impacts of mail delivery; and •

Increased submission of digital invoices to the accounts payable section by 14.3% from 2023 to 2024, reducing paper usage and the need for physical storage saving both trees and energy.

ECONOMIC PROSPERITY & LIVELIHOODS

• Completed the implementation of a debt and reserve forecasting software application which will provide a tool to guide decision making on the usage and management of reserves and debt to fund City programs; • Continued to perform a detailed claims reserve analysis to identify ways to achieve optimum risk reserve balance; and • Implemented Public Sector Accounting Board (“PSAB”) accounting standards PS3400 (Revenue) and PS3160 (Public Private Partnership) to improve transparency and disclosure in the financial statements; • Offered budgeting, financial reporting and procurement related training sessions to new and existing managers; and EDUCATION & CULTURE

• Continued to develop a capital funding

strategy to deliver community infrastructure while managing borrowing requirements.

• Initiated data driven decision making (“D3M”) project to develop graphical operating and capital budget reports, relaying key financial data, for City departments. A D3M dashboard was successfully deployed for credit/debit card transaction data visualization.

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

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