2025-2029 Surrey Financial Plan

SURREY CITY ENERGY—FINANCIAL SUMMARY (in thousands)

2023

2024

2024

2025

2026

2027

2028

2029

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

$ 8,043 10,604 $

Sale of Goods and Services Developer Contributions

$ 12,975

$ 15,142

$ 17,448

$ 19,340

$

6,390

$ 6,987

16

625

-

-

-

-

-

-

40 40

Penalties and Interest

41 41

42 42

43 43

45 45

71 71

151 151

40 40

Other Revenue

TOTAL REVENUE

$

6,477

$ 7,763

$ 8,083

$ 10,644

$ 13,016

$ 15,184

$ 17,491

$ 19,385

EXPENDITURE SUMMARY

645

987

658

671

684

698

Salaries and Benefits

885

742

9,193

Operating Costs

4,390

10,056

9,826

10,280

10,933

3,629

4,890

521

Internal Services Used

-

531

541

552

563

39

13

(100)

Internal Services Recovered

(100)

(102)

(104)

(106)

(108)

(91)

(109)

TOTAL EXPENDITURE

$

4,462

$ 5,536

$ 5,277

$ 10,259

$ 11,143

$ 10,934

$ 11,410

$ 12,086

TRANSFERS SUMMARY

$

(298)

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

$

1,621

$ 1,703

$ 2,283

$

1,176

$

3,539

$

5,356

$

6,559

394

523

523

683

697

711

725

740

TOTAL TRANSFERS

$

2,015

$ 2,226

$ 2,806

$

385

$ 1,873

$ 4,250

$ 6,081

$ 7,299

NET SURREY CITY ENERGY

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Surrey City Energy Operations 100%

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

353