COS Financial Plan 2018 - 2022

CONSOLIDATED FINANCIAL PLAN BYLAW, 2017, NO. 19402

CITY OF SURREY

Bylaw 19402

Consolidated 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

312,249,000 $

334,959,000 $

356,325,000 $

382,263,000 $

406,824,000 $

433,061,000 $

Local Roads & Traffic Levy

26,601,000 338,850,000

29,552,000 364,511,000

33,899,000 390,224,000

38,596,000 420,859,000

43,662,000 450,486,000

49,123,000 482,184,000

Revenues from Property Value Taxes

Revenues from Parcel Taxes Capital Parcel Tax

$

16,636,000 37,382,000 54,018,000

$

16,741,000 39,264,000 56,005,000

$

17,076,000 40,607,000 57,683,000

$

17,418,000 42,038,000 59,456,000

$

17,766,000 43,535,000 61,301,000

$

18,121,000 45,072,000 63,193,000

Drainage Parcel Tax

Revenues from Parcel Taxes

Revenues from Fees & Charges Departmental Revenue Secondary Suite Infrastructure Fee Penalties & Interest on Taxes Revenues from Fees and Charges Development Cost Charge Funds Development Cost Charges Revenues from Other Sources Investment Income

244,044,000 17,784,000

255,821,000 17,513,000

269,831,000 18,560,000

287,730,000 19,812,000

307,297,000 20,996,000

327,373,000 22,251,000

5,486,000

4,994,000

5,213,000

5,499,000

5,773,000

6,058,000

267,314,000

278,328,000

293,604,000

313,041,000

334,066,000

355,682,000

142,168,000

161,595,000

170,420,000

211,866,000

236,262,000

233,487,000

18,949,000 53,548,000 6,710,000

19,747,000 36,028,000 7,074,000

20,381,000 31,289,000 7,194,000

20,372,000 36,041,000 7,316,000

20,457,000 41,240,000 7,442,000

20,643,000 42,521,000 7,570,000

Government Transfers Corporate Lease Revenue

Borrowing Proceeds

-

-

-

-

-

-

Other Revenue

160,901,000 240,108,000

175,517,000 238,366,000

154,460,000 213,324,000

162,221,000 225,950,000

190,411,000 259,550,000

180,286,000 251,020,000

Revenues from Other Sources

TOTAL FUNDING SOURCES

1,042,458,000 $

1,098,805,000 $

1,125,255,000 $

1,231,172,000 $

1,341,665,000 $

1,385,566,000 $

PROPOSED EXPENDITURES

Municipal Expenditures Police Services

159,758,000 $

165,698,000 $

171,567,000 $

178,545,000 $

185,782,000 $

193,014,000 $

Fire Services

62,212,000 109,508,000 75,815,000 30,463,000 19,310,000 84,442,000 163,920,000 35,140,000

65,520,000 117,009,000 81,664,000 29,969,000 20,461,000 84,559,000 173,960,000 36,956,000

67,243,000 125,435,000 83,085,000 30,748,000 21,048,000 86,247,000 184,431,000 36,878,000

69,868,000 131,503,000 87,186,000 31,554,000 22,472,000 87,547,000 195,265,000 37,432,000

72,016,000 137,220,000 112,152,000 32,389,000 23,972,000 89,100,000 206,991,000 37,991,000

73,934,000 143,299,000 111,708,000 33,253,000 24,640,000 91,255,000 217,503,000 38,563,000

Parks, Recreation & Culture General Government Planning & Development Surrey Public Library Engineering Services Water, Sewer & Drainage Solid Waste Expenditures

Surrey City Energy

1,879,000 1,319,000

2,115,000 1,326,000

2,981,000 1,350,000

3,581,000 1,350,000

4,299,000 1,350,000

5,283,000 1,350,000

Operating Contingency

Total Municipal Expenditures

743,766,000

779,237,000

811,013,000

846,303,000

903,262,000

933,802,000

Fiscal Services & Debt Interest

9,082,000

9,126,000

10,941,000

12,877,000

12,896,000

11,923,000

Capital Expenditures - Prior Years Capital Expenditures - Contributed Capital Expenditures - Current Years

98,266,000 100,000,000 372,100,000 570,366,000

118,637,000 100,000,000 447,440,000 666,077,000

95,733,000 100,000,000 362,163,000 557,896,000

103,424,000 100,000,000 366,621,000 570,045,000

116,502,000 100,000,000 410,354,000 626,856,000

128,882,000 100,000,000 451,619,000 680,501,000

Municipal Debt

13,276,000

15,893,000

14,633,000

16,679,000

17,950,000

27,519,000

TOTAL EXPENDITURES

1,336,490,000 $

1,470,333,000 $

1,394,483,000 $

1,445,904,000 $

1,560,964,000 $

1,653,745,000 $

PROPOSED TRANSFERS BETWEEN FUNDS

Internal Borrowing

(35,772,000) $

(83,922,000) $

(25,928,000) $

$

(9,187,000)

(24,844,000) $

(63,931,000) $

Transfers (from)/to Special Funds

(83,541,000)

(104,959,000)

(56,625,000)

(20,094,000)

(7,132,000)

(11,621,000)

Transfers (from)/to Appropriated Surplus

(1,732,000)

(4,080,000)

(5,328,000)

(2,791,000)

(2,362,000)

(2,402,000)

Unspecified Capital Budget Authority

(50,000,000)

(50,000,000)

(50,000,000)

(50,000,000)

(50,000,000)

(50,000,000)

(139,969,000)

Transfers (from)/to Equity

(122,987,000)

(128,567,000)

(131,347,000)

(132,660,000)

(134,961,000)

Transfer (from)/to Unappropriated Surplus

-

-

-

-

-

-

TOTAL TRANSFERS BETWEEN FUNDS (294,032,000) $

(371,528,000) $

(269,228,000) $

(214,732,000) $

(219,299,000) $

(268,179,000) $

BALANCED BUDGET

$

-

$

-

$

-

$

-

$

-

$

-

the future lives here.

2018-2022 Financial Plan

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