2026 - 2030 Surrey Financial Plan

WATER—FINANCIAL SUMMARY (in thousands)

2024

2025

2025

2026

2027

2028

2029 PLAN

2030 PLAN

REVENUE SUMMARY

ACTUAL

ACTUAL

BUDGET BUDGET PLAN PLAN

Special Assessment

$

107 107

$

2 2

$

(5) (5)

$

102 102

$

113 113

$

65 65

$

69 69

$

69 69

Taxation

Sale of Goods and Services

112,795

101,272

107,323

107,615

117,042

120,952

124,917

129,362

Investment Income

2,782

1,890

2,894

2,886

2,419

2,032

1,707

1,455

Transfers from Other Governments

-

-

-

-

-

-

-

-

Penalties and Interest

778 558

1,057

1,209

770 535

786 564

794 570

802 576

810 582

Grants, Donations and Other

504

507

Other Revenue

1,336

1,561

1,716

1,305

1,350

1,364

1,378

1,392

TOTAL REVENUE

$ 104,725

$

111,928

$ 111,908 117,020 $

$ 120,924 124,413 $

$ 128,071 132,278 $

EXPENDITURE SUMMARY

1,753

Salaries and Benefits

1,270

1,492

1,813

1,788

1,824

1,861

1,898

84,229 12,082 (1,322) (2,849)

Operating Costs

73,677 10,455 (1,108) (1,589)

80,925 11,260 (1,048) (1,935)

78,808 12,032 (1,211) (2,849)

87,289 12,323 (1,348) (2,905)

90,414 12,569 (1,375) (2,963)

93,045 12,821 (1,403) (3,024)

96,332 13,075 (1,431) (3,085)

Internal Services Used

Internal Services Recovered

External Recoveries

TOTAL EXPENDITURE

$ 82,705

$

90,694

$ 88,593

$ 93,893

$ 97,147 100,469 $

$ 103,300 106,789 $

TRANSFERS SUMMARY

$ 14,310

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

$

12,009 10,011

$

12,632

$

14,713

$

14,784

$

14,771

$

15,415

$

15,946

8,817

8,602

8,602

8,993

9,173

9,356

9,543

TOTAL TRANSFERS

$ 22,020

$

21,234

$ 23,315

$ 23,127

$ 23,777

$ 23,944

$ 24,771

$ 25,489

NET WATER

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

Water Operations 20.8% GVWD Purchases 67.0% Capital 12.2%

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

359