City of Surrey 2020-2024 Financial Plan

FINANCIAL OVERVIEW CONSOLIDATED FINANCIAL SUMMARY

(in thousands)

2018

2019

2019

2020

2021 PLAN

2022 PLAN

2023 PLAN

2024 PLAN

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET

Taxation

General Operating Utilities Operating Gross Taxation

$

669,242 68,374 737,616 (317,471) 420,145

$

726,518 70,142 796,660 (357,855) 438,805

$

683,096 69,489 752,585 (318,616) 433,969

$

731,552 71,236 802,788 (345,061) 457,727

$

749,870 72,938 822,808 (348,513) 474,295

$

768,803 74,496 843,299 (351,997) 491,302

$

788,378 75,957 864,335 (355,515) 508,820

$

808,618 77,482 886,100 (359,067) 527,033

Less: Collection for Other Authorities

Sale of Goods and Services General Operating

72,171 178,751

72,952 191,602

69,744 187,070

73,280 202,703

75,659 212,489

77,782 231,727

79,984 252,590

82,262 272,413

Utilities Operating Reserves and Capital

61

2,040

- -

- -

- -

- -

- -

- -

Other Entities (including Consolidation adjustments)

(702)

111

250,281

266,705

256,814

275,983

288,148

309,509

332,574

354,675

Development Cost Charges

68,353

76,830

195,309

147,514

142,589

146,346

148,181

152,537

Developer Contributions Developer Contributions Capital External Sources Capital NCP Reserve Funds Capital Cash in lieu of Parkland

237,028

197,520

125,740

108,097

116,707

120,406

122,277

124,057

1,412

5,784 9,964 4,812

875

150

150

150

150

150

12,789 12,327

2,933

1,600

6,010

4,210

3,010

3,000

20,000

10,000 119,847

10,000

10,000

10,000

10,000

263,556

218,080

149,548

132,867

134,766

135,437

137,207

Investment Income General Operating Utilities Operating Reserves and Capital

20,048

23,083

17,623

16,488

16,412

16,439

16,512

16,589

618

638

748

1,573

1,569

1,659

1,761

1,837 1,038

1,716

2,241 2,681

3,403

857 275

971 275

959 275

973 275

Other Entities (including Consolidation adjustments)

251

500

275

22,633

28,643

22,274

19,193

19,227

19,332

19,521

19,739

Transfers from Other Governments General Operating

28,563

17,261

14,495

14,575

14,580

14,512

14,617

14,650

Utilities Operating Reserves and Capital

193

917

496

506

516

526

537

548

22,966 51,722

10,748 28,926

47,313 62,304

57,869 72,950

46,613 61,709

55,673 70,711

76,733 91,887

70,136 85,334

Other Revenue

General Operating Utilities Operating

58,281

60,643

47,895

49,705

50,696

51,716

52,762

53,837

3,088

3,292 7,292 2,729

2,987 2,000 6,425

3,440 2,000

3,616 2,000

3,900 2,000 2,344

4,182 2,000 4,518

4,470 2,000

Reserves and Capital - Gain on Sale of Assets Other Entities (including Consolidation adjustments)

13,940

7,232

18,141 73,286

43,623 99,935

13,141 73,448

82,541

73,956

59,307

59,960

63,462

Borrowing Proceeds

-

-

-

-

-

-

-

-

1,159,231 $

1,131,945 $

1,179,525 $

1,166,500 $

1,218,770 $

1,231,926 $

1,299,882 $

1,349,973 $

76