2025-2029 Surrey Financial Plan

TRANSPORTATION—FINANCIAL SUMMARY (in thousands)

2023

2024

2024

2025

2026

2027

2028

2029

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

Roads & Traffic Safety Levy

$ 35,364

$ 40,771

$ 40,283

$ 46,175

$ 52,098

$ 58,409

$ 58,993

$ 59,644

Grants in Lieu

1,578

2,144

1,622

1,637

1,653

1,669

1,685

1,702

Special Assessment

120

105

272

288

305

324

343

90

Taxation

37,062

43,020

42,177

48,100

54,056

60,402

61,021

61,436

Sale of Goods and Services

3,274

6,516

1,057

1,089

874

891

909

927

Developer Contributions

867

721

850

850

867

884

902

920

Transfers from Other Governments

12,314

8,579

7,388

7,718

7,837

7,994

8,154

8,317

Penalties and Interest Grants, Donations and Other

2,356 2,356

2,376 2,376

2,505 2,505

2,563 2,563

2,700 2,700

3,048 3,048

3,218 3,218

3,399 3,399

Other Revenue

TOTAL REVENUE

$ 55,873

$ 61,212

$ 53,977

$ 60,320

$ 66,334

$ 73,219

$ 74,204

$ 74,999

EXPENDITURE SUMMARY

Salaries and Benefits

$

4,824

$

5,448

$

6,850

$ 6,860

$

7,008

$

7,148

$

7,291

$

7,436

Operating Costs

30,138 14,093 (2,276)

43,526 14,117 (2,138)

22,530 14,137

23,608 14,303

24,070 14,589

24,549 14,881

25,038 15,179

25,537 15,483

Internal Services Used

Internal Services Recovered

(979) (455)

(791) (655)

(806) (668)

(822) (681)

(838) (694)

(854) (708)

External Recoveries

(548)

(754)

TOTAL EXPENDITURE

$ 46,231

$ 60,199

$ 42,083

$ 43,325

$ 44,193

$ 45,075

$ 45,976

$ 46,894

TRANSFERS SUMMARY

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

$ 21,258

$ 28,324

$ 21,770

$ 24,226

$ 26,609

$ 29,685

$ 29,543

$ 29,386

(11,616)

(27,311)

(9,876)

(7,231)

(4,468)

(1,541)

(1,315)

(1,281)

TOTAL TRANSFERS

$ 9,642

$ 1,013

$ 11,894

$ 16,995

$ 22,141

$ 28,144

$ 28,228

$ 28,105

NET ROADS & TRAFFIC

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Roads 36.2%

Traffic 17.1%

Transportation Planning 10.0%

Capital 36.7%

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

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