COS Financial Plan 2018 - 2022

FINANCIAL SUMMARY—REVENUE

(in thousands)

2016

2017

2017

2018

2019

2020

2021

2022

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

Taxation

Base Levy

258,435 $

276,599 $

275,934 $

296,206 $

317,526 $

338,259 $

363,380 $

387,235 $

Assessment Growth (City's Portion)

5,182

5,725

6,037

6,274

6,351

6,765

7,268

7,745

Property Tax Rate Increase Provision for Adjustments

11,907

14,164

14,153

15,096

14,432

18,406

16,637

17,799

(187)

(325)

(50)

(50)

(50)

(50)

(50)

(50)

275,337

296,163

296,074

317,526

338,259

363,380

387,235

412,729

Capital Parcel Tax

15,958 15,664

16,299 15,728

16,636 16,092

16,741 17,254 351,521

17,076 17,927

17,418 18,761

17,766 19,493

18,121 20,253

Grants in Lieu

Net Taxation

306,959

328,190

328,802

373,262

399,559

424,494

451,103

General Government City Manager's Department

1 6

1

2 2

2 2

2 2

2 2

2 2

2 2

82

Corporate Services

Finance

1,462

1,402

1,341

1,392

1,428

1,465

1,504

1,544

Investments & Intergov. Relations

53

46

-

-

-

-

-

-

1,522

1,531

1,345

1,396

1,432

1,469

1,508

1,548

Public Safety Bylaws

8,625

8,960

8,903

9,200

9,476

9,761

10,054

10,355

Public Safety Office

502

1

-

-

-

-

-

-

Fire

2,008 7,856

1,988 7,875

1,706 8,121

1,752 8,088

1,804 8,034

1,857 7,978

1,912 7,921

1,969 7,862

RCMP

18,991

18,824

18,730

19,040

19,314

19,596

19,887

20,186

Other Engineering Services

8,089

8,367

8,652

7,559

7,820

7,896

9,140

6,651

Parks, Recreation & Culture Planning & Development

29,959 24,411

33,018 26,624

33,542 20,854

34,196 21,668

36,445 22,319

37,737 22,989

39,024 23,679

39,903 24,390

Surrey Public Library

1,623

1,697

1,520

1,573

1,573

1,625

1,625

1,625

63,889

70,479

62,567

64,996

68,157

70,440

72,695

74,570

Departmental Revenues

84,402

90,834

82,642

85,432

88,903

91,505

94,090

96,304

Investment Income

13,712

14,811

16,518

17,316

17,324

17,292

17,354

17,308

Secondary Suite Infrastructure Fee

16,501

17,390

17,784

17,513

18,560

19,812

20,996

22,251

Contribution from SCDC

4,500

4,500

4,500

4,500

4,500

4,500

4,500

4,500

Provincial Casino Revenue Sharing

4,167

4,075

3,800

4,500

4,600

4,700

4,800

4,900

7,442 4,371

7,570 4,541

Corporate Lease Revenue

5,693 3,523

6,898 3,516

6,710 4,400

7,074 3,869

7,194 4,020

7,316 4,207

Penalties & Interest Carbon Tax Rebates

520

638

400

500

500

500

500

500

Other

7,367

5,797

3,025

3,215

3,318

3,422

3,527

3,632

17,103

16,849

14,535

14,658

15,032

15,445

15,840

16,243

447,344 $

476,649 $

468,581 $

495,440 $

522,181 $

552,813 $

582,074 $

612,609 $

the future lives here.

2018-2022 Financial Plan

- 91 -