2026 - 2030 Surrey Financial Plan

UTILITIES OPERATING FINANCIAL SUMMARY (in thousands)

2024

2025

2025

2026

2027 PLAN

2028 PLAN

2029

2030

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET

PLAN PLAN

Levy/Parcel Tax Grants in Lieu

$

87,562

$

91,820

$

93,816

$

97,071

$

98,206

$

99,357

$ 100,521

$ 95,923

2,144

2,361

1,637

1,673

1,689

1,706

1,723

1,660

Special Assessment

386

441

451

502

476

230

231

475

Taxation

90,092

94,622

95,904

99,246

100,371

101,293

102,475

98,058

Sale of Goods and Services

275,324

315,951

318,726

346,756

370,438

393,712

425,701

332,452

Developer Contributions

1,346

2,300

850

867

884

902

920

850

Investment Income

4,450

6,945

6,334

7,537

6,909

6,162

5,700

6,510

Transfers from Other Governments

8,971

7,861

7,818

8,056

8,280

8,510

8,747

7,893

Penalties and Interest

2,588 3,563 6,151

3,132 4,567 7,699

1,796 3,396 5,192

2,807 3,739 6,546

2,846 3,922 6,768

2,883 4,118 7,001

2,919 4,328 7,247

2,764 3,374 6,138

Grants, Donations and Other

Other Revenue

TOTAL REVENUE

$ 386,334 435,378 $

$ 434,824 451,901 $

$ 469,008 493,650 $

$ 517,580 550,790 $

EXPENDITURE SUMMARY

Operational Expenditures

$ 292,737

$

310,011

$

317,288

$ 334,241

$

352,382

$

369,350

$ 392,246

$ 324,508

Debt Interest

1,623

1,569

1,569

1,542

1,573

1,604

1,636

1,512

Debt Principal

1,035

1,089

1,089

1,169

1,192

1,216

1,240

1,146

TOTAL EXPENDITURE

$ 295,395 312,669 $

$ 319,946 327,166 $

$ 336,952 355,147 $

$ 372,170 395,122 $

TRANSFERS SUMMARY

Transfers To/(From) Capital Sources Transfers To/(From) Operating Sources

85,954

98,340 24,369

91,113 23,765

106,597 25,459

112,384 26,119

112,800 32,610

122,372 33,296

100,420 24,315

4,985

$ 132,056 138,503 $

$ 145,410 155,668 $

TOTAL TRANSFERS

$ 90,939 122,709 $

$ 114,878 124,735 $

TOTAL UTILITIES OPERATING

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

City of Surrey | 2026—2030 Financial Plan | Utilities Operating

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