2025-2029 Surrey Financial Plan

FINANCIAL SUMMARY—DEPARTMENTAL PROGRAM SUMMARY (in thousands)

2023

2024

2024

2025

2026 PLAN

2027 PLAN

2028 PLAN

2029 PLAN

NET PROGRAMS

ACTUAL

ACTUAL

BUDGET BUDGET

Drainage Operating Parking Authority

$

12,677 (1,835) 27,866 (13,766) (11,799) (1,928) (28,148)

$

13,033 (1,863) 42,307 (19,574) (9,882) (1,451) (29,553)

$

15,062 (1,023) 31,133 (12,153) (10,365) (2,766) (13,775)

$

15,952 (1,229) 31,955 (28,572) (10,856)

$

16,146 (1,256) 32,782 (31,205) (10,913) (1,832) (19,286)

$

16,473 (1,282) 33,142 (34,388) (10,892) (4,208) (19,604)

$

16,806 (1,309) 33,695 (38,636) (11,104) (6,038) (19,949)

$

17,147 (1,338) 34,251 (43,011) (11,036) (7,254) (20,392)

Roads & Traffic Safety Operating

Sewer Operating

Solid Waste Operating

Surrey City Energy Water Operating

(345)

(19,557)

$

6,113

$ (12,652)

$ (16,933)

$

(6,983)

$ (15,564)

$ (20,759)

$ (26,535)

$ (31,633)

ACCOUNT SUMMARY Revenues Sale of Goods and Services

$ (248,356)

$ (275,324)

$ (257,827)

$ (318,726)

$ (335,452)

$ (353,631)

$ (376,080)

$ (397,023)

Transfers from Other Governments

(13,082) (3,325)

(8,971) (3,563)

(7,482) (3,436)

(7,818) (3,396)

(7,937) (3,542)

(8,094) (3,899)

(8,254) (4,078)

(8,417) (4,269)

Grants, Donations and Other

(268,745)

(329,940)

(346,931)

(365,624)

(388,412)

(409,709)

(264,763)

(287,858)

Expenditures Salaries and Benefits

10,421 215,899 48,132 (11,412)

11,201 246,414 47,956 (10,727)

13,889 222,612 51,624

13,392 265,541 52,017

13,671 278,877 52,753

13,944 291,327 53,806 (10,046)

14,223 307,270 54,879 (10,245)

14,507 322,378 55,976 (10,449)

Operating Costs

Internal Services Used

Internal Services Recovered

(9,963) (3,304)

(9,656) (4,006)

(9,849) (4,085)

External Recoveries

(3,348)

(2,106)

(4,166)

(4,250)

(4,336)

274,858

317,288

331,367

344,865

361,877

378,076

259,692

292,738

Net Operations Total

(5,071)

4,880

6,113

(12,652)

(15,564)

(20,759)

(26,535)

(31,633)

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

(11,626)

(11,626)

- -

- -

- -

- -

- -

- -

(236)

(236)

-

-

-

-

-

-

(11,862)

(11,862)

$

6,113

$ (12,652)

$ (16,933)

$

(6,982)

$ (15,564)

$ (20,759)

$ (26,535)

$ (31,633)

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

292