City of Surrey 2020-2024 Financial Plan

CITY OF SURREY TABLE OF CONTENTS

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EXECUTIVE OVERVIEW Reader’s Guide........................................................................................................ 1 Message from the General Manager, Finance ...................................................... 3 Approved Supplemental Funding Requests.......................................................... 8 Budget Summary.................................................................................................... 9 Strategic Framework ............................................................................................ 10 Financial Planning Process................................................................................... 18 COMMUNITY PROFILE Surrey’s History .................................................................................................... 23 Population and Growth Statistics ........................................................................ 28 Business and Industry .......................................................................................... 31 Taxes, Utilities and Assessments......................................................................... 36 Educational Services............................................................................................. 38 Health and Safety Services................................................................................... 40 ORGANIZATIONAL PROFILE City Government and Administration.................................................................. 43 Organizational Objectives..................................................................................... 46 Organizational Governance.................................................................................. 49 Integrated Planning Model ................................................................................... 54 City of Surrey Corporate Functions...................................................................... 55 Staffing Complement Summary .......................................................................... 56 FINANCIAL OVERVIEW Economic Overview.............................................................................................. 59 Major Revenue Sources........................................................................................ 64 Source and Application of Funds......................................................................... 70 Overview of Fund Structure ................................................................................. 72 Consolidated Financial Summary ........................................................................ 76 GENERAL OPERATING FUND Overview ............................................................................................................... 89 Financial Summary ............................................................................................... 90 Mayor, Council and Grants ....................................................................... 99 City Manager ........................................................................................... 111 Corporate Services .................................................................................. 121 Engineering Services............................................................................... 137 Finance..................................................................................................... 151 Fire ........................................................................................................... 165 Investment and Intergovernmental Relations........................................ 181 Parks, Recreation and Culture................................................................. 191 Planning and Development..................................................................... 211 Policing Transition................................................................................... 227 RCMP ....................................................................................................... 237 Surrey Public Library............................................................................... 249