2026 - 2030 Surrey Financial Plan

BUDGET SUMMARY

The current 2026-2030 Financial Plan has been developed based on direction provided by Council and builds on the adopted 2025 - 2029 Financial Plan. The following provides a summary of changes between the currently adopted 2026 budget and the previously adopted 2025 budget. See the relevant sections in this document for detailed schedules and additional information.

CHANGE

2025

2026

REVENUE SUMMARY

BUDGET

BUDGET

$

%

General Operating Taxation

$

578,228 98,033 62,390 76,016 68,236

$

27,975

4.8%

$

606,203 107,931 62,665 49,328 80,159 906,286 98,058 332,452

Sale of Goods and Services

9,898 10.1%

Investment Income

275

0.4%

Transfers from Other Governments

(26,688)

-35.1%

Other

11,923 17.5% 23,383 2.6%

882,903

Utilities Operating Taxation

95,904 318,726

2,154

2.2% 4.3% 2.8% 1.0%

Sale of Goods and Services

13,726

Investment Income

6,334 7,818 5,192

176

6,510 7,893 6,138

Transfers from Other Governments

75

Other

946 18.2%

433,974

451,051

17,077 3.9%

Capital Program

Development Cost Charges Developer Contributions

93,967 117,451 28,479 32,584

4,026

4.3%

97,993 218,030 28,303 28,990

100,579 85.6%

Investment Income - Reserves and Capital Transfers from Other Governments

(176)

-0.6%

(3,594)

-11.0%

Other - Gain on Sale of Assets

2,000

-

0.0%

2,000

274,481

375,316

100,835 36.7%

Other Entities

Investment Income

200 200

-

0.0%

200

Other

2,519 1259.5% 2,519 629.8%

2,719 2,919

400

Budgeted Revenues

$ 1,591,758

$ 1,735,572

$

143,814 9.0%

EXPENDITURE SUMMARY General Operating General Government

$

101,634 405,560 196,566

$

4,088

4.0%

$

105,722 448,302 200,091 20,734 131,177 906,286 260 123,885 451,051 343,686 200,000 543,686 324,508 2,658

Public Safety

42,742 10.5%

Other Departments Council Initiative Fund

3,525

1.8% 0.0% 3.1%

260

-

Fiscal Services & Municipal Debt Contributions/Transfers to/(from)

20,102 158,781

632

(27,604)

-17.4%

882,903

23,383 2.6%

Utilities Operating Operating Expenditures

317,288

7,220

2.3% 0.0% 8.6%

Fiscal Services & Municipal Debt Contributions/Transfers to/(from)

2,658

-

114,028

9,857

433,974

17,077 3.9%

Capital Program

Capital Expenditures Contributed Assets

582,958 100,000

(239,272)

-41.0%

100,000 100.0% (139,272) -20.4%

682,958

Other

Amortization

166,758

(6,839)

-4.1%

159,919

Other Entities Expenditures

2,464

796 32.3%

3,260

Internal Borrowing

(229,600) (297,699) (50,000) (408,077)

209,600 -91.3% 39,069 -13.1%

(20,000) (258,630) (50,000) (165,451)

Contributions/Transfers to/(from) Unspecified Capital Budget Authority

-

0.0%

242,626 -59.5%

Budgeted Expenditures & Transfers per Bylaw

$ 1,591,758

$ 1,735,572

$

143,814 9.0%

Reconciliation to Annual Financial Statements:

Revenues per Financial Statements

$ 1,591,758

$ 1,735,572

$

143,814 9.0%

Tangible Capital Asset expenditures

(682,958) 304,490 (10,581) (389,049)

139,272 -20.4%

(543,686) 73,568 (10,638) (480,756)

Contributions/Transfers (to)/from own sources Municipal debt & loan principal repayments

(230,922)

-75.8%

(57)

0.5%

Adjustment to Budgeted Expenditures Expenditures per Financial Statements

(91,707)

23.6%

$ 1,202,709

$ 1,254,816

$

52,107 4.3%

Excess Revenues Over Expenses per Financial Statements $ 91,707 23.6% ** Excess Revenues Over Expenses is used primarily to fund the capital program through acquis i tion of tangible capital assets 389,049 $ 480,756 $

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

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