COS Financial Plan 2018 - 2022

GENERAL OPERATING BYLAW, 2017, NO. 19403

CITY OF SURREY

Bylaw 19403

Schedule 1

General Operating Financial Plan To establish years 2018 to 2022 and restate year 2017

2017

2018

2019

2020

2021

2022

PROPOSED FUNDING SOURCES

Revenues from Property Value Taxes Property Value Taxes Revenues from Parcel Taxes Capital Parcel Tax Revenues from Fees & Charges Departmental Revenue Secondary Suite Infrastructure Fee Penalties & Interest on Taxes Revenues from Fees and Charges

312,166,000 $

334,780,000 $

356,186,000 $

382,141,000 $

406,728,000 $

432,982,000 $

$

16,636,000

$

16,741,000

$

17,076,000

$

17,418,000

$

17,766,000

$

18,121,000

75,896,000 17,784,000 4,400,000 98,080,000 16,518,000 11,846,000 6,710,000 7,925,000 42,999,000

77,238,000 17,513,000 3,869,000 98,620,000 17,316,000 12,694,000 7,074,000 8,215,000 45,299,000

80,809,000 18,560,000 4,020,000 103,389,000 17,324,000 12,694,000 7,194,000 8,318,000 45,530,000

83,514,000 19,812,000 4,207,000 107,533,000 17,292,000 12,691,000 7,316,000 8,422,000 45,721,000

86,205,000 20,996,000 4,371,000 111,572,000 17,354,000 12,685,000 7,442,000 8,527,000 46,008,000

88,528,000 22,251,000 4,541,000 115,320,000 17,308,000 12,676,000 7,570,000 8,632,000 46,186,000

Revenues from Other Sources Investment Income Government Transfers Corporate Lease Revenue

Other Revenue

Revenues from Other Sources

TOTAL FUNDING SOURCES

469,881,000 $

495,440,000 $

522,181,000 $

552,813,000 $

582,074,000 $

612,609,000 $

PROPOSED EXPENDITURES

Municipal Expenditures Police Services

158,339,000 $

164,437,000 $

170,153,000 $

177,137,000 $

184,492,000 $

191,777,000 $

63,274,000 99,648,000 58,216,000 29,904,000 18,060,000 6,885,000 1,326,000 441,750,000

64,895,000 107,206,000 59,659,000 30,683,000 18,803,000

66,952,000 113,682,000 61,895,000 31,489,000 20,369,000

69,057,000 119,086,000 64,231,000 32,324,000 21,997,000

70,810,000 124,282,000 67,057,000 33,188,000 22,900,000

60,524,000 95,862,000 53,423,000 30,459,000 17,278,000 6,611,000 1,319,000 423,815,000

Fire Services

Parks, Recreation & Culture General Government Planning & Development Surrey Public Library Engineering Services Operating Contingency Total Municipal Expenditures

7,484,000 1,350,000

8,110,000 1,350,000

8,765,000 1,350,000

9,448,000 1,350,000

460,233,000

480,984,000

501,302,000

520,812,000

Fiscal Services & Debt Interest

9,082,000

9,126,000

10,941,000

12,877,000

12,896,000

11,923,000

Municipal Debt

13,276,000

15,893,000

14,633,000

16,679,000

17,950,000

27,519,000

TOTAL EXPENDITURES

446,173,000 $

466,769,000 $

485,807,000 $

510,540,000 $

532,148,000 $

560,254,000 $

PROPOSED TRANSFERS BETWEEN FUNDS

Transfers (from)/to Special Funds

$

8,008,000

$

9,871,000

$

14,874,000

$

17,873,000

$

22,426,000

$

21,755,000

Transfers (from)/to Capital

15,700,000

18,800,000

21,500,000

24,400,000

27,500,000

30,600,000

-

-

-

-

-

-

Transfer (from)/to Unappropriated Surp

TOTAL TRANSFERS BETWEEN FUNDS 23,708,000 $

$

28,671,000

$

36,374,000

$

42,273,000

$

49,926,000

$

52,355,000

BALANCED BUDGET

$

-

$

-

$

-

$

-

$

-

$

-

the future lives here.

2018-2022 Financial Plan

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