2025-2029 Surrey Financial Plan

UTILITIES OPERATING FINANCIAL SUMMARY

(in thousands)

2023

2024

2024

2025

2026 PLAN

2027 PLAN

2028 PLAN

2029 PLAN

REVENUE SUMMARY

ACTUAL

ACTUAL

BUDGET BUDGET

Levy/Parcel Tax Grants in Lieu

$

80,746

$

87,562

$

86,708

$

93,816

$

100,607

$

107,804

$

109,291

$ 110,863

1,578

2,144

1,622

1,637

1,653

1,669

1,685

1,702

Special Assessment

345

386

442

451

476

503

477

231

Taxation

82,669

90,092

88,772

95,904

102,736

109,976

111,453

112,796

Sale of Goods and Services

248,356

275,324

257,827

318,726

335,452

353,631

376,080

397,023

Developer Contributions

883

1,346

1,032

850

867

884

902

920

Investment Income

1,073

4,450

3,819

6,334

6,068

3,868

3,746

2,949

Transfers from Other Governments

13,082

8,971

7,482

7,818

7,937

8,094

8,254

8,417

Penalties and Interest

2,094 3,325 5,419

2,588 3,563 6,151

1,746 3,436 5,182

1,796 3,396 5,192

1,815 3,542 5,357

1,834 3,899 5,733

1,853 4,078 5,931

1,873 4,269 6,142

Grants, Donations and Other

Other Revenue

TOTAL REVENUE

$ 351,482

$ 386,334

$ 364,114

$ 434,824

$ 458,417

$ 482,186

$ 506,366

$ 528,247

EXPENDITURE SUMMARY

Operational Expenditures

$ 259,692

$

292,737

$

274,858

$ 317,288

$

331,367

$

344,865

$

361,877

$ 378,076

Debt Interest

1,675

1,623

1,623

1,569

1,513

1,453

1,390

1,324

Debt Principal

983

1,035

1,035

1,089

1,146

1,205

1,268

1,335

TOTAL EXPENDITURE

$ 262,350

$ 295,395

$ 277,516

$ 319,946

$ 334,026

$ 347,523

$ 364,535

$ 380,735

TRANSFERS SUMMARY

Transfers To/(From) Capital Sources Transfers To/(From) Operating Sources

71,009 18,123

85,954

66,236 20,362

91,113 23,765

96,741 27,650

102,732 31,931

109,094 32,737

114,149 33,363

4,985

TOTAL TRANSFERS

$ 89,132

$

90,939

$

86,598

$ 114,878

$ 124,391

$ 134,663

$ 141,831

$ 147,512

TOTAL UTILITIES OPERATING

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

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

291