2025-2029 Surrey Financial Plan

WATER—FINANCIAL SUMMARY (in thousands)

2023

2024

2024

2025

2026 PLAN

2027 PLAN

2028 PLAN

2029 PLAN

REVENUE SUMMARY

ACTUAL

ACTUAL

BUDGET BUDGET

Special Assessment

$

4 4

$

2 2

$

110 110

$

102 102

$

107 107

$

113 113

$

65 65

$

69 69

Taxation

Sale of Goods and Services

96,421

101,272

95,350

107,615

113,633

117,899

121,840

125,039

Investment Income

494

1,890

1,828

2,886

2,759

1,960

1,626

1,416

Penalties and Interest

938 496

1,057

762 530

770 535

778 540

786 545

794 550

802 556

Grants, Donations and Other

504

Other Revenue

1,434

1,561

1,292

1,305

1,318

1,331

1,344

1,358

TOTAL REVENUE

$ 98,353

$

104,725

$ 98,580

$ 111,908

$ 117,817

$ 121,303

$ 124,875

$ 127,882

EXPENDITURE SUMMARY

1,813

Salaries and Benefits

1,170

1,270

1,859

1,850

1,887

1,925

1,964

78,808 12,032 (1,211) (2,849)

Operating Costs

71,275 10,638 (1,209) (2,623)

73,677 10,455 (1,108) (1,589)

71,500 12,848 (1,253) (2,849)

84,907 12,271 (1,236) (2,905)

88,661 12,516 (1,261) (2,963)

92,060 12,766 (1,286) (3,024)

94,614 13,021 (1,311) (3,085)

Internal Services Used

Internal Services Recovered

External Recoveries

TOTAL EXPENDITURE

$ 79,251

$

82,705

$ 82,105

$ 88,593

$ 94,887

$ 98,840

$ 102,441

$ 105,203

TRANSFERS SUMMARY

$ 14,713

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

$

10,622

$

12,009 10,011

$

8,113 8,362

$

14,156

$

13,514

$

13,306

$

13,368

8,480

8,602

8,774

8,949

9,128

9,311

TOTAL TRANSFERS

$ 19,102

$

22,020

$ 16,475

$ 23,315

$ 22,930

$ 22,463

$

22,434

$

22,679

NET WATER

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Water Operations 21.5% GVWD Purchases 65.4% Capital 13.1%

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

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