2026 - 2030 Surrey Financial Plan

MESSAGE FROMTHE CFO/GENERAL MANAGER, FINANCE

To the Mayor and Council, City of Surrey

It is my pleasure to submit the 2026-2030 Financial Plan for the City of Surrey. This Financial Plan has been formulated based on direction from you, as our Mayor and Council, reflecting City strategies, resource requirements to maintain service delivery, and feedback on community priorities obtained during the City’s budget engagement process. The Community Charter requires that Council adopt a Five Year Financial Plan each year prior to the adoption of the annual Property Tax Bylaw. This 2026-2030 Financial Plan document reinforces the 2026-2030 Financial Plan Bylaws, which received final adoption on April 13, 2026.

Kam Grewal CFO/General Manager, Finance

1.0 OVERVIEW

The Five-Year Financial Plan is to outline the financing of initiatives associated with the City's key strategic plans including the Sustainability Charter and Surrey Excels, the Official Community Plan, the Transportation Strategic Plan, the Parks, Recreation & Culture plan, the Surrey Public Libraries Plan and as well as Council’s key priorities. Funding these initiatives helps the City to meet the needs of its citizens. It addresses Council's key strategic priorities such as enhancing public safety, building infrastructure, positioning Surrey as an investment destination and innovation centre, and preparing the City for future growth. It also takes into consideration inflationary pressures and the current environment of increased economic uncertainty. The 2026-2030 Financial Plan presents a Five-Year Consolidated Financial Plan, which includes forecasts for all revenues and expenditures related to the City's operating and capital expenditure requirements over the next five years. The supporting information in this Five-Year plan provides departments with their expenditure authority. Please note that, in conjunction with known information, estimates and projections have been used for the years 2027 through 2030 in relation to revenues and expenditures. These projections are updated annually prior to Council's review and approval of the Financial Plan for that year.

2.0 GENERAL OPERATING FINANCIAL PLAN—SERVICE PRIORITIES

General Operating supports most of the City's service delivery needs through its various operating departments and services. Projected funding requirements are met by a combination of corresponding increases in general property tax, user fees and other revenue sources in relation to service delivery levels.

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

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