2025-2029 Surrey Financial Plan

EXECUTIVE OVERVIEW

2 4

Reader’s Guide Budget Summary

6 1 4 15 26

Message from the CFO/General Manager, Finance Approved Supplemental Funding Information Strategic Framework Financial Planning Process

COMMUNITY PROFILE

Community of Surrey

32

Population and Growth Statistics

39

Business and Industry

42

Taxes, Utilities, and Assessments

47

Educational Services

49

Health and Safety Services

51

ORGANIZATIONAL PROFILE City Government and Administration

64

Organizational Objectives

67

Organizational Governance

70

Integrated Planning Model

75

City of Surrey Corporate Functions

76

Staffing Complement

77

FINANCIAL OVERVIEW Economic Overview

82

Major Revenue Sources

90

Debt

97

Source and Application of Funds

99

Overview of Fund Structure

101

Consolidated Financial Summary

105

GENERAL OPERATING FUNDS

OVERVIEW

120

FINANCIAL SUMMARY

121

Mayor, Council and Grants

129

City Manager

143

City of Surrey | 2025—2029 Financial Plan | Table of Contents

I