2026 - 2030 Surrey Financial Plan

CONSOLIDATED FINANCIAL SUMMARY

(in thousands)

2024

2025

2025

2026

2027 PLAN

2028 PLAN

2029 PLAN

2030 PLAN

EXPENDITURE SUMMARY

ACTUAL

ACTUAL

BUDGET BUDGET

Departmental Expenditures General Operating - Departmental Expenditures General Operating - Council Initiative Fund

$

682,206

$

645,577

$

703,760

$

779,808

$

800,840

$

820,839

$

843,926

$ 754,115

178

293

260

260

260

260

260

260

Utilities Operating Expenditures

292,737 153,003

310,011 156,086 11,030

317,288 166,758

334,241 161,016

352,382 164,623

369,350 165,654

392,246 169,856

324,508 159,919

Capital - Amortization

Other Entities (including Consolidation adjustments)

(3,511)

2,464

3,098

3,175

3,252

3,178

3,260

1,124,613 1,122,997

1,190,530 1,242,062

1,278,423 1,321,280

1,359,355 1,409,466

Fiscal Services & Debt Interest General Operating

10,099

9,605 1,569

10,610

12,766

13,387

13,645

13,654

11,242

Utilities Operating

1,623

1,569

1,542

1,573

1,604

1,636

1,512

11,722

11,174

12,179

12,754

14,308

14,960

15,249

15,290

Capital Expenditures Capital

400,139 257,724

582,958 100,000

459,007 200,000

413,989 200,000

364,143 200,000

323,851 200,000

458,647 212,844

343,686 200,000

Contributed Assets

Other Entities (including Consolidation adjustments)

9

6

-

-

-

-

-

-

671,500

657,869

682,958 543,686

659,007

613,989 564,143

523,851

Municipal Debt Principal General Operating

9,492 1,035

9,492 1,089

9,492 1,089

9,586 1,169

9,741 1,192

9,900 1,216

9,900 1,240

9,492 1,146

Utilities Operating

10,527

10,581

10,581

10,638

10,755

10,933

11,116

11,140

Transfer To (From) Capital Sources General Operating

(108,874) (85,954)

(143,950) (98,340)

111,880 91,113 (229,600) (294,985)

67,571 106,597 (38,241) (319,997)

45,414 112,384 (62,240) (283,691)

40,219 112,800 (50,540) (264,535)

39,905 122,372 (17,140) (264,373)

59,858 100,420

Utilities Operating

Internal Borrowing To/(From) Reserves

63,032 22,259

-

8,960

Reserves and Capital

115,911

(257,639) (88,401)

(109,537)

(126,379)

(321,592)

(184,070)

(188,133)

(162,056)

(119,236)

Transfer To (From) Operating Sources General Operating

120,265

117,947 24,369 (169,255) 119,071 92,132

46,901 23,765 (1,500) (2,064)

39,081 25,459 (1,500)

70,777 26,119 (1,500)

76,893 32,610 (1,500)

85,489 33,296 (1,500)

42,359 24,315

Utilities Operating Other Reserve Funds

4,985

(167,746)

(1,500)

Other Entities (including Consolidation adjustments)

70,286

(171)

(148)

134

429

(341)

27,790

67,102

64,833

62,869

95,248 108,137

117,714

Unspecified Capital Budget Authority

-

-

(50,000)

(50,000)

(50,000)

(50,000)

(50,000)

(50,000)

$ 1,736,615 1,768,374 $

$ 1,591,758 1,735,572 $

$ 1,791,292 1,818,277 $

$1,845,944 1,908,225 $

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

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