COS Financial Plan 2018 - 2022

MAJOR REVENUE SOURCES

DEPARTMENTAL REVENUES Examples of departmental revenues include items such as: • User fees - fees from recreation facilities, water, and solid waste removal; • Provincial revenue - traffic fine sharing, and Surrey Public Library grants; • Permit fees - fees from building permits, electrical permits, and road closure permits; • Licence revenue - fees from business licenses; and • Other fees - fees from enforcing bylaws and the sale of reports and maps. Council approved an increase equivalent to an $93 increase in taxes on an average single family dwelling for 2018.

RETURN ON INVESTMENT (INTEREST REVENUE) In 2017, the City’s investment portfolio achieved a return of 1.95%.

In its purchase of investments, the City is subject to the Community Charter as well as its own Investment Policy, approved by Council on May 6, 2013. The policy provides a framework for the City to maximize returns with minimal risk. The City’s investments are classified as follows: Money Market Portfolio Surrey’s Money Market Portfolio is

Bond Portfolio The bond portfolio is comprised of investments with a term greater than two years and less than ten years. This portfolio represents 28.6% of the City’s investments. Portfolio Mix The City’s investment portfolio consists of securities purchased from Canadian Schedule 1 Banks (45.2%), Canadian Provinces and Provincial institutions (11.5%), British Columbia Credit Unions

comprised of investments that will mature within one year. This portfolio represents 50.1% of the City’s investments. Cash holdings account for 3.7% of the investment portfolio. Intermediate Portfolio The intermediate portfolio is comprised of investments with a term greater than one year and less than two years. This portfolio represents 17.6% of the City’s investments.

(38.7%), Cash Holdings (3.7%), and Canadian Schedule 2 Banks (0.9%).

the future lives here.

2018-2022 Financial Plan

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