City of Surrey 2017 - 2021 Financial Plan

GENERAL OPERATING FINANCIAL SUMMARY (in thousands)

2015

2016

2016

2017

2018

2019

2020

2021

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET

PLAN

PLAN

PLAN

PLAN

Revised

Taxation

289,516 $

306,959 $

309,642 $

328,802 $

349,531 $

370,672 $

393,566 $

416,033 $

Departmental Revenues

76,480

84,402

79,404

82,642

84,447

87,074

90,364

92,432

Investment Income

13,525

13,712

13,769

16,518

17,340

17,311

17,277

17,338

Secondary Suite Infrastructure Fees

15,753

16,501

17,117

17,784

19,032

20,368

21,797

22,647

Corporate Lease Revenue

4,490

5,693

5,930

6,710

6,819

6,918

7,024

7,128

Contribution from SCDC

4,500

4,500

4,500

4,500

4,500

4,500

4,500

4,500

Penalties & Interest

3,676

3,523

4,100

4,400

4,600

4,800

5,000

5,000

Provincial Revenue Sharing re: Gaming

3,073

4,167

3,200

3,800

3,800

3,800

3,800

3,800

Other Revenue

3,161

7,887

1,975

3,425

2,245

2,386

2,521

2,557

468,581 $

492,314 $

517,829 $

545,849 $

571,435 $

414,174 $

447,344 $

439,637 $

EXPENDITURE SUMMARY

Departmental Expenditures

361,788 $

388,878 $

393,571 $

422,265 $

437,776 $

453,083 $

473,831 $

493,537 $

Council Initiative Fund

175

235

250

250

250

250

250

250

Fiscal Services

33,064

24,516

19,577

22,358

29,910

34,532

38,883

36,926

Contribution to Capital

12,373

23,791

13,500

15,700

18,100

20,700

23,500

26,500

Contributions to Road & Transp. Fund

15,933

14,418

16,592

16,592

16,592

16,592

16,592

16,592

Net Tsf.To/(From) Surplus & Other Funds

(9,159)

(4,494)

(3,853)

(8,584)

(10,314)

(7,328)

(7,207)

(2,370)

414,174 $

447,344 $

439,637 $

468,581 $

492,314 $

517,829 $

545,849 $

571,435 $

2017-2021 FINANCIAL PLAN

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