2026 - 2030 Surrey Financial Plan

FINANCIAL PLANNING PROCESS

Financial planning gives departments the opportunity to examine priorities, assess objectives, and re-direct resources to accomplish goals. Although the Financial Plan is typically presented to the Finance Committee at the end of November and adopted by Council before the end of December, as it must be adopted before May 15th as required under the Community Charter [Section 165(1) and 197(1)], the planning process actually begins many months before. FINANCIAL PLAN TIMELINES The following timetable outlines the process behind the 2026 - 2030 Financial Plan:

• Identify and review of the impact of the prior-year financial plan on the current year; and • Publish guidelines for the preparation of departmental plan submissions. • Prepare departmental financial plans; • Departments submit operating and capital issue papers; and • Preliminary ranking of capital projects. • Prepare preliminary Financial Plan incorporating Council priorities; and • Prepare Long-Term Capital Plan. • Conduct public engagement on budget priorities (October / November 2025); • Present preliminary plan to Finance Committee for further direction (January 26, 2026, and March 9, 2026); • Present the 2026 - 2030 Financial Plan to Council (March 9, 2026); and • Receive final reading for the 2026 - 2030 Financial Plan Fees, Rates and Budget Bylaws (April 13, 2026).

Jun 2025

Jul—Aug 2025

Sept—Oct 2025

Nov 2025— Apr 2026

AMENDMENT TO THE FINANCIAL PLAN AFTER THE FINAL ADOPTION In rare instances, Financial Plan appropriations may be amended after Council has adopted the Plan, in accordance to the Community Charter. Any changes made after the Financial Plan Bylaw has been adopted require a Financial Plan Revision Bylaw.

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

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