2026 - 2030 Surrey Financial Plan

OVERVIEW OF FUND STRUCTURES Reserve Funds, Fund Surpluses and Deferred Developer Cost Charges (in thousands)

2024

2025

2025

2026 PLAN

2027 PLAN

2028 PLAN

2029 PLAN

2030 PLAN

ACTUAL

ACTUAL

BUDGET

Reserve Funds Amenity Space Capital legacy Municipal land

$

16,992 87,692 111,534 31,993 99,896

$

-

$

13,355 51,880 112,229 33,710 82,969

$

-

$

17,878 90,972 104,965 31,474 116,452

$

18,547 94,524 88,992 31,526 120,607

$

19,241 99,421 92,320 31,578 124,918

$

19,961 106,570 95,773 31,630 129,390

50,121 108,115 37,391 67,829 10,067 18,648

51,880 112,229 33,710 96,324

Equipment and building replacement

Neighbourhood Concept Plans

6,049

Park land acquisition

2,985

2,985

6,275

6,510

6,753

7,006

19,690

Local improvement financing Environmental stewardship

19,106

19,106

20,141

20,609

21,094

21,597

7,609 9,850 1,491

7,040 9,398 1,396 7,101

7,274 9,462 1,435

7,274 9,462 1,435

7,941 9,968 1,547

8,285

8,642

9,012

Parking space Water claims

10,091

10,218

10,350

1,605

1,665

1,727

14,737 108,636

Affordable housing

11,497 96,703 33,158 475,763

11,497 96,703 33,158 475,763

17,288 108,199

17,935 100,246

18,606 92,995

19,302 85,473

Capital Projects

79,088 64,879 461,073

9,211

Growing Communities Fund

4,606

-

-

-

525,380

537,706

519,477

527,451

537,791

Internal Borrowing

-

(63,032)

-

-

8,960

(29,431)

(93,033)

(147,004)

Appropriated Surplus and Committed Funds Infrastructure replacement

75,766 22,437 32,754 15,391

58,571 22,390 13,540 14,510

64,613 22,390 33,136 14,741

64,613 22,390 33,136 14,741

95,658 22,437 32,811 15,391

97,516 22,437 32,868 15,391

99,232 22,437 32,925 15,391

102,280 22,437 32,982 15,391

Revenue stabilization

Self insurance

Operating contingency and emergencies

7,604

Environmental emergencies

7,277

7,405

7,405

7,604

7,604

7,604

7,604

774,166 928,118

Committed Funds

436,298 552,586

582,070 724,355

582,070 724,355

765,067 938,969

773,064 948,881

780,441 958,030

785,023 965,717

Other Deferred Development Cost Charges

435,185 435,185

374,689 374,689

399,149 399,149

399,149 399,149

449,435 449,435

466,770 466,770

484,757 484,757

503,276 503,276

Opening Reserve Balance Increases to Reserves Investment Income

$ 1,325,316 1,599,267 $

$ 1,599,267

$ 1,888,683 1,935,069 $

$ 1,905,697

$ 1,877,205

$ 1,859,780

37,842 302,904 98,700

22,524 318,722 122,663

35,396 463,795 88,948

35,375 402,011 94,600

43,750 317,354 110,500

43,818 321,334 102,700

44,859 306,339 88,600

45,803 327,166 87,400

Operating Reserves & Surplus Contributions

Development Cost Charges (DCC)

2,000

Asset Proceeds

4,728

3,846

2,000

2,000

2,000

2,000

2,000

28,960 470,406

Repayment of Internal Borrowing

63,915 532,552

(0)

-

28,810 502,414

27,598 497,450

25,529 467,327

23,556 485,925

$

$

$

591,984

$

533,986

$

$

$

$

Decreases to Reserves Capital Expenditures from Reserves Capital Expenditures from DCCs

(50,289) (97,993) (20,000) (255,738) (424,020)

(72,422) (106,775)

(62,281) (65,415)

(43,934) (93,967) (229,600) (325,175) (692,676) (158,690)

(56,293) (109,974) (67,201) (298,319) (531,787)

(30,616) (102,171) (91,200) (301,954) (525,941)

(30,616) (88,212) (79,500) (286,424) (484,752)

(30,616) (87,057) (46,100) (305,257) (469,030)

Use of Internal Borrowing

(883)

0

Operating Reserves & Surplus Expenditures

(78,520) (258,600)

(174,872) (302,568)

$ $

$ $

$ $

$ $

$ $

$ $

$ $

$ $

Net Increase(Decrease) to Reserve

46,386

273,952

289,416

(29,373)

(28,492)

(17,425)

16,895

Ending Reserve Balance

$ 1,599,267 1,888,683 $

$ 1,440,578

$ 1,935,069 1,905,697 $

$ 1,877,205

$ 1,859,780

$ 1,876,675

Classification Adjustments and Other Entities Development Cost Charges

(449,435)

(399,149)

(435,184)

(412,283)

(466,770)

(484,757)

(503,276)

(522,443)

8,577 8,682 2,097

Surrey City Development Corporation Surrey Homelessness & Housing Society

8,246 8,369 1,636

8,365 8,596 2,076

6,546 8,453 1,652

8,789 8,769 2,118

9,001 8,857 2,139

9,498 8,946 2,160

10,139

9,035 2,182

Inventory

15,977

Prepaid Expenses

10,601

15,819

10,707

16,137

16,298

16,461

16,626

10,830,334

Equity in Tangible Capital Assets

10,393,622 11,622,592

10,779,615

10,337,445

10,880,073

10,926,383 12,355,126

10,971,845

11,013,129 12,405,343

Total Accumulated Surplus

$ 12,351,301

$

$ 12,267,970

$ 11,393,098

$ 12,354,812

$

$ 12,365,414

$

Note: The following are Appropriated Surplus funds that may exist in any of the following City's funds - Infrastructure replacement Operating Funds Revenue stabilization Operating Funds Self insurance Operating Funds Operating contingency and emergencies Operating Funds Environmental emergencies Operating Funds The following are Committed funds that are specific to the noted City's funds - General operating General Operating Fund Roads & traffic operating and capital Roads & Traffic Safety Operating Fund Sewer & drainage operating and capital Sewer Operating Fund as well as Drainage Operating Fund Surrey City Energy Surrey City Energy Operating Fund Water operating and capital Water Operating Fund

City of Surrey | 2026—2030 Financial Plan | Financial Overview

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