2025-2029 Surrey Financial Plan

SURREY CITY ENERGY—SIGNIFICANT CHANGES (in thousands)

REVENUES 2024 ADOPTED BUDGET

$

8,083

Rate Change

……………………………. …………………………….

161

Growth

2,400

Total Change in Revenue

2,561

2025 REVENUE BUDGET

$

10,644

EXPENDITURES 2024 ADOPTED BUDGET

$

8,083

Expenditures Salaries/Wages & Benefits Salary Rate and Range Increase

…………………………….

(342)

(342)

Operating Costs Increase in Service Levels

…………………………….

4,803

4,803

Internal Services Used

521

521

Transfer to Capital District Energy Systems

…………………………….

(2,581)

(2,581)

Transfer to Operating Transfer to General Operating

…………………………….

160

160

Total Change in Expenditures

2,561

2025 EXPENDITURE BUDGET

$

10,644

2025 BUDGET

$

-

REVENUES 2025 ADOPTED BUDGET

$

10,644

Increase Due to Rate and Growth

…………………………….

$

8,741

8,741

2029 REVENUE BUDGET

$

19,385

EXPENDITURES 2025 ADOPTED BUDGET

$

10,644

Expenditures Increase to Maintenance & Operations TRANSFERS Transfers to/(from Capital Sources Transfer to/(from) Operating Sources

…………………………….

1,827

1,827

……………………………. …………………………….

6,857

57

6,914

2029 EXPENDITURE BUDGET

$

19,385

2029 BUDGET

$

-

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

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