2026 - 2030 Surrey Financial Plan

DEPARTMENTAL OVERVIEW FINANCE

MISSION STATEMENT To provide expert advice, services and innovative solutions in the areas of Financial Management and Reporting, Taxation, Procurement, and Internal Audit Services with a focus on the City’s values to provide “An Innovative Team Serving the Community with Integrity”. KEY PROGRAMS AND SERVICES The Finance Department provides financial expertise, advice, guidance and internal audit services to support all City operations. It delivers responsive services and innovative solutions to streamline processes and internal controls to facilitate City wide gains in efficiencies. In addition to leading process improvements, it sets and maintains practices, policies and standards. The Department’s core services include:

FINANCIAL PLANNING AND ANALYSIS

annual and metered utilities, and district energy utility fees. The team also processes payments for dog licenses and secondary suites. In addition, they staff the City Hall welcome desk and provide front-counter payment services, including at the City’s Operations Centre. PAYROLL Responsible for ensuring all City employees are paid accurately and on time, with correct deductions and withholdings. The team also prepares annual T4s and submits all required payroll documents and remittances to the Canada Revenue Agency and other authorities. INTERNAL AUDIT AND COMPLIANCE Responsible for examination and evaluation of financial and non-financial processes and programs across all City departments with the purpose of providing an independent and objective opinion on processes and the control environment (comprising governance, risk management, and internal control) by evaluating their effectiveness in achieving City objectives.

Prepares the City’s operating and capital budgets and quarterly financial reports. This division reviews various corporate reports for the Senior Management Team and Council. It also monitors and analyzes expenditures and revenue trends throughout the fiscal year and provides long-term financial planning. In addition, it provides assistance to other departments in achieving their financial targets by providing periodic variance analysis reports, thereby ensuring the City meets its annual budget. FINANCIAL REPORTING Responsible for the preparation of annual audited financial statements and statutory financial reporting. This division is also responsible for compiling an annual Five-Year Financial Plan which establishes financial and programming priorities. PROPERTY & PAYMENT SERVICES Property and Payment Services is responsible for the billing and collection of property taxes and related charges,

City of Surrey | 2026—2030 Financial Plan | General Operating Fund | Finance

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