City of Surrey 2017 - 2021 Financial Plan

FINANCIAL OVERVIEW CONSOLIDATED FINANCIAL SUMMARY (in thousands)

2015

2016

2016

2017

2018

2019

2020

2021

REVENUE SUMMARY

ACTUAL

ACTUAL

BUDGET

BUDGET

PLAN

PLAN

PLAN

PLAN

Revised

Taxation

General Operating Utilities Operating Gross Taxation

$

570,527 53,945 624,472 (281,012) 343,460 76,480 157,950 12,099 15,753

$

591,684 58,904 650,588 (284,725) 365,863 84,402 163,916 17,996 16,501

$

605,004 58,635 663,639 (295,362) 368,277 79,404 158,818 17,015 17,117

$

637,198 64,066 701,264 (308,396) 392,868 82,642 168,148 14,169 17,784

$

669,954 69,507 739,461 (320,423) 419,038 84,447 174,780 23,454 19,032

$

703,592 75,001 778,593 (332,920) 445,673 87,074 183,667 17,390 20,368

$

739,470 81,075 820,545 (345,904) 474,641 90,364 193,059 20,607 21,797

$

774,045 87,522 861,567 (358,012) 503,555 92,432 202,390 46,446 22,647

Less: Collection for Other Authorities

Departmental Revenues General Operating

Utilities Operating

Other Entities

Secondary Suite Infrastructure Fee

(8,450)

(8,661)

(8,879)

(8,245)

Less: Government Transfers included in Operating

(8,483)

(8,623)

(8,129)

(8,046)

253,799

274,192

264,225

274,697

293,468

300,049

317,166

355,036

Penalties and Interest General Operating

3,676 1,226 4,902

3,523 1,253 4,776

4,100 1,044 5,144

4,400 1,086 5,486

4,600 1,126 5,726

4,800 1,184 5,984

5,000 1,254 6,254

5,000 1,344 6,344

Utilities Operating

Development Charges Development Cost Charges

58,598 129,608

61,260 114,215 11,138

133,486 124,196

142,168 124,668

152,885 121,745

216,357 123,877

247,169 123,648

264,516 124,533

Developer Contributions Capital External Sources Capital NCP Reserve Funds Capital Cash in lieu ofParkland

4,604 3,104 4,167

875

3,449 4,645 3,045

4,043 2,510 3,045

4,291 4,437 3,045

4,448 3,700 3,045

4,813 5,700 3,045

5,196 9,931

6,441 1,156

200,081

201,740

266,154

277,975

284,228

352,007

382,010

402,607

Investment Income General Operating Utilities Operating Reserves and Capital

13,524

13,712

13,769

16,518

17,340

17,311

17,277

17,338

1,485 1,428

1,028 1,760

1,255 2,136

1,219 1,212

1,245 1,812

1,241 1,839

1,211 1,892

1,204 2,131

16,437

16,500

17,160

18,949

20,397

20,391

20,380

20,673

Government Transfers General Operating

8,483 10,444 3,073 22,000

8,623 9,748 4,167

8,129 41,350 3,200 52,679

8,046 41,702 3,800 53,548

8,245 40,591 3,800 52,636

8,450 40,591 3,800 52,841

8,661 40,591 3,800 53,052

8,879 40,425 3,800 53,104

Capital

Provincial Casino Revenue Sharing

22,538

Lease Revenue Corporate Lease Revenue

4,490 4,490

5,693 5,693

5,930 5,930

6,710 6,710

6,819 6,819

6,918 6,918

7,024 7,024

7,128 7,128

Borrowing Proceeds

-

-

-

-

-

-

-

-

Other Revenue Operating Carbon Tax Rebates

405

520

400

400

400

400

400

400

Operating Other

2,756 4,500

7,367 4,500

1,575 4,500 5,000

3,025 4,500 3,000

1,845 4,500 2,000 8,745

1,986 4,500 2,000 8,886

2,121 4,500 2,000 9,021

2,157 4,500 2,000 9,057

Contribution from SCDC

Land Sales

610

11,012 23,399

8,271

11,475

10,925

$

853,440

$

914,701

$

991,044

1,041,158 $

$

1,091,057

$

1,192,749

$

1,269,548

1,357,504 $

2017-2021 FINANCIAL PLAN

77