City of Surrey 2017 - 2021 Financial Plan

Financial Summary—Revenue

2015

2016

2016

2017

2018

2019

2020

2021

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET

PLAN

PLAN

PLAN

PLAN

Revised

Taxation

Base Levy

247,005 $

258,435 $

258,985 $

275,934 $

296,074 $

315,704 $

335,876 $

357,754 $

Assessment Growth (City's Portion)

3,512 7,745

5,182

5,439

6,037

6,218

5,841

6,550

6,797

Property Tax Rate Increase Provision for Adjustments

11,907

11,684

14,153

13,462

14,381

15,378

14,750

(40)

(187)

(50)

(50)

(50)

(50)

(50)

(50)

258,222

275,337

276,058

296,074

315,704

335,876

357,754

379,251

Capital Parcel Tax

15,722 15,572 289,516

15,958 15,664 306,959

16,374 17,210 309,642

16,636 16,092 328,802

17,096 16,731 349,531

17,412 17,384 370,672

17,752 18,060 393,566

18,089 18,693 416,033

Grants in Lieu

Net Taxation

General Government City Manager's Department

4

7

4

4

4

4

4

4

1,376

1,412

1,436

1,461

Finance & Technology

1,350

1,462

1,291

1,341

Human Resources

-

-

- -

- -

- -

- -

- -

- -

Investments & Intergov. Relations

87

53

1,441

1,522

1,295

1,345

1,380

1,416

1,440

1,465

Public Safety Bylaws

8,427

8,625

8,615

8,903

9,170

9,353

9,540

9,731

Public Safety Office

1

502

-

-

-

-

-

-

Fire

1,822 8,274

2,008 7,856

1,663 8,081

1,706 8,121

1,757 8,364

1,809 8,615

1,845 8,857

1,881 9,108

RCMP

18,524

18,991

18,359

18,730

19,291

19,777

20,242

20,720

Other Engineering Services

6,864

7,083

7,310

7,542

6,964

7,896

6,222

6,651

Parks, Recreation & Culture Planning & Development

26,990 20,821

29,959 24,411

31,945 20,070

33,542 20,854

34,337 21,055

36,017 21,261

37,890 21,892

38,573 22,542

Surrey Public Library

1,740

1,623

1,513

1,520

1,520

1,520

1,590

1,590

56,515

63,889

59,750

62,567

63,776

65,881

68,682

70,247

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 Fee

15,753

16,501

17,117

17,784

19,032

20,368

21,797

22,647

Contribution from SCDC

4,500

4,500

4,500

4,500

4,500

4,500

4,500

4,500

Provincial Casino Revenue Sharing

3,073

4,167

3,200

3,800

3,800

3,800

3,800

3,800

Corporate Lease Revenue

4,490 3,676

5,693 3,523

5,930 4,100

6,710 4,400

6,819 4,600

6,918 4,800

7,024 5,000

7,128 5,000

Penalties & Interest Carbon Tax Rebates

405

520

400

400

400

400

400

400

Other

2,756

7,367

1,575

3,025

1,845

1,986

2,121

2,157

11,327

17,103

12,005

14,535

13,664

14,104

14,545

14,685

414,174 $

447,344 $

439,637 $

468,581 $

492,314 $

517,829 $

545,849 $

571,435 $

2017-2021 FINANCIAL PLAN

93