COS Financial Plan 2018 - 2022

CAPITAL PROGRAM CAPITAL PLANNING PROCESS

Surrey has grown significantly over the last 30 years, evolving from a primarily agricultural community to a largely urban residential and business region. This change has increased the City’s portfolio of public responsibilities. Historically, Council made capital planning decisions based on the recommendations of Finance staff, which were in turn based on evaluation of the relative merit of projects described in departmental planning documents. Finance tried to distribute capital resources fairly among departments and geographic regions. This approach was effective when the City was relatively small. As the City has grown, it has put into place a more formal capital planning process. The formal process, depicted below, involves using a model to rank projects and to develop a Long-Term Capital Plan (LTCP).

CITIZENS

Council Direction

Departmental Plans

COMPILE & CLASSIFY PROJECTS

Sustaining Capital

Statutor y Reserve

Large Scale Capital

Council Priorities

Capital Planning Model

Sewer, Water, DCCs

IT Assets, Fleet

Project Ranking

Projects Not Ranked

Capital Long-Term Committee

SEEK GUIDANCE

Preliminary Long- Term Capital Plan

Council Debate & Direction

Adopted LTCP

Council Decision

the future lives here.

2018-2022 Financial Plan

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