City of Surrey 2017 - 2021 Financial Plan
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
Statutory Reserve
Large Scale Capital
Capital Planning Model
Council Priorities
Projects Not Ranked
IT Assets, Fleet
Sewer, Water, DCC's
Project Ranking
Capital Long‐Term Committee
SEEK GUIDANCE Preliminary Long‐ Term Capital Plan
Council Debate & Direction
Adopted LTCP
Council Decision
2017-2021 FINANCIAL PLAN
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