2026 - 2030 Surrey Financial Plan

CONSOLIDATED FINANCIAL PLAN BYLAW, 2026, NO. 21958

CITY OF SURREY

Schedule 2

Bylaw 21958

Consolidated Financial Plan To establish years 2026 to 2030 2026 2027

2028

2029

2030

PROPOSED FUNDING SOURCES Property Tax Levy

$ 552,714,000 580,858,000 $

$ 610,437,000 641,523,000 $

$ 674,194,000

Roads & Traffic Safety Levy Other Property Value Taxes

48,781,000

49,265,000

49,757,000

50,255,000

50,757,000

475,000

502,000

476,000

230,000

231,000

Revenues from Property Value Taxes

601,970,000 630,625,000

660,670,000 692,008,000

725,182,000

General - Capital Parcel Tax Utilities - Drainage Parcel Tax

53,489,000 48,802,000

54,024,000 49,479,000

54,564,000 50,138,000

55,109,000 50,808,000

55,660,000 51,487,000 107,147,000 832,329,000

Revenues from Parcel Taxes

102,291,000 103,503,000 704,261,000 734,128,000

104,702,000 105,917,000 765,372,000 797,925,000

Taxation Revenues

Revenues from Fees

440,383,000 457,889,000

484,846,000 511,523,000

546,991,000

Development Cost Charges Developer Contributions

97,993,000 109,974,000 218,030,000 216,067,000

102,171,000

88,212,000

87,057,000 215,120,000 67,956,000 57,878,000 100,894,000 528,905,000

215,084,000 215,102,000

Investment Income

97,678,000 86,211,000 91,016,000

95,457,000 83,904,000 93,873,000

85,374,000 67,097,000

76,096,000 56,302,000

Transfers from Other Governments

Other Revenue

98,333,000 100,784,000 568,059,000 536,496,000

Revenues from Other Sources

590,928,000 599,275,000

TOTAL FUNDING SOURCES

$ 1,735,572,000 1,791,292,000 $

$ 1,818,277,000 1,845,944,000 $

$ 1,908,225,000

PROPOSED EXPENDITURES Police Services Parks, Recreation & Culture General Government Planning & Development Surrey Public Library Engineering Services Water, Sewer & Drainage Fire Services

$ 333,851,000 345,495,000 $ 104,118,000 110,465,000 154,148,000 157,600,000 152,909,000 156,264,000

$ 357,800,000 369,953,000 $ 111,555,000 112,206,000 161,707,000 164,679,000 159,161,000 160,842,000

$ 382,671,000

112,983,000 174,996,000 164,048,000 32,976,000 28,531,000 109,379,000 334,955,000 52,236,000 15,190,000

31,035,000 27,839,000

31,506,000 27,934,000

31,987,000 28,108,000

32,476,000 28,297,000

105,099,000 105,029,000 273,026,000 282,419,000

107,355,000 109,797,000 298,610,000 313,713,000

Solid Waste

46,746,000 11,791,000 1,500,000

48,121,000 12,090,000 1,500,000

49,918,000 13,578,000 1,500,000

51,237,000 14,654,000 1,500,000

Surrey City Energy

Operating Contingency

1,500,000

Total Expenditures

1,242,062,000 1,278,423,000

1,321,279,000 1,359,354,000

1,409,465,000

Fiscal Services & Debt Interest

12,754,000

14,308,000

14,960,000

15,249,000

15,290,000

Capital Expenditures - Contributed Capital Expenditures - Current Years

200,000,000 200,000,000 343,686,000 459,007,000 543,686,000 659,007,000

200,000,000 200,000,000 413,989,000 364,143,000 613,989,000 564,143,000

200,000,000 323,851,000 523,851,000

Capital Expenditures

Municipal Debt Repayment TOTAL EXPENDITURES

10,638,000

10,755,000

10,933,000

11,116,000

11,140,000

$ 1,809,140,000 1,962,493,000 $

$ 1,961,161,000 1,949,862,000 $

$ 1,959,746,000

PROPOSED TRANSFERS BETWEEN CAPITAL AND OPERATING SOURCES Transfers To/(From) Capital Funds (98,864,000) (138,136,000)

(137,109,000)

(120,040,000)

(108,189,000)

Internal Borrowing To/(From) Reserves

8,960,000 2,572,000 (1,069,000) 10,463,000

(38,241,000) (6,603,000) (1,090,000) (45,934,000)

(62,240,000) 12,346,000 (1,129,000) (51,023,000)

(50,540,000) 9,692,000 (1,167,000) (42,015,000)

(17,140,000) 7,303,000 (1,209,000) (11,046,000)

Transfers To/(From) Reserves

Utilities Transfers To/(From) Reserves Transfers To/(From) Reserve Funds

Transfers To/(From) Capital Sources

$ (88,401,000) $ (184,070,000) $ (188,132,000) $ (162,055,000) $ (119,235,000)

Transfers To/(From) Operating Sources

$ 64,833,000

$ 62,869,000

$ 95,248,000 108,137,000 $

$ 117,714,000

Unspecified Capital Budget Authority (50,000,000) TOTAL TRANSFERS BETWEEN SOURCES $ (73,568,000) $ (171,201,000) $ (142,884,000) $ (103,918,000) $ (51,521,000) BALANCED BUDGET - $ - $ - $ - $ - $ (50,000,000) (50,000,000) (50,000,000) (50,000,000)

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

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