City of Surrey 2020-2024 Financial Plan

CONSOLIDATED FINANCIAL SUMMARY

(in thousands)

2018

2019

2019

2020

2021 PLAN

2022 PLAN

2023 PLAN

2024 PLAN

EXPENDITURE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET

Departmental Expenditures General Operating - Departmental Expenditures General Operating - Council Initiative Fund

$

433,326

$

486,267

$

458,206

$

469,606

$

500,143

$

517,669

$

527,163

$

539,618

283

170

260

260

260

260

260

260

Utilities Operating Expenditures

189,529 130,648

206,109 134,016

208,228 133,091

215,467 149,853

228,796 152,313

246,161 153,758

264,623 153,633 10,553 956,232

281,103 156,373 12,720 990,074

Capital - Amortization

Other Entities (including Consolidation adjustments)

7,455

5,819

5,787

5,161

7,224

8,390

761,241

832,381

805,572

840,347

888,736

926,238

Fiscal Services & Debt Interest General Operating

9,153 1,896

8,188 1,856

8,661 1,856

8,353 1,814

9,008 1,770

9,663 1,724

11,065

12,518

Utilities Operating

1,675

1,623

11,049

10,044

10,517

10,167

10,778

11,387

12,740

14,141

Capital Expenditures Capital Contributed Assets

386,206 237,028 10,552 633,786

339,550 197,520 20,208 557,278

466,296 100,000 36,769 603,065

374,358 100,000 22,157 496,515

356,924 100,000 28,546 485,470

350,142 100,000 31,807 481,949

373,229 100,000 23,684 496,913

378,283 100,000

Other Entities (including Consolidation adjustments)

8,963

487,246

Municipal Debt Principal General Operating

17,188

4,682

4,682

4,692

4,682

5,243

5,495

5,832 1,035 6,867

Utilities Operating

762

802

802

844

888

935

983

17,950

5,484

5,484

5,536

5,570

6,178

6,478

Transfer To (From) Capital Sources General Operating

(51,716) (61,852) (46,634)

(37,474) (56,760) (38,872) (57,014)

31,321 48,750 (8,695)

60,446 52,187 (1,715)

50,506 43,580

28,911 43,923 19,721

30,467 45,865 23,496

31,360 49,470 26,542

Utilities Operating

Internal Borrowing To/(From) Reserves

1,049

Reserves and Capital

22,116

(228,655) (157,279)

(239,555) (128,637)

(232,738) (137,603)

(212,707) (120,152)

(212,099) (112,271)

(220,309) (112,937)

(138,086)

(190,120)

Transfer To (From) Operating Sources General Operating

19,168

5,821 2,783

(1,348)

(6,203)

(6,944)

(4,212)

(1,208) 22,657 (2,200) (29,459) (10,210)

759

Utilities Operating Other Reserve Funds

(1,759)

1,698

9,892

16,850

20,331

24,305

(113,172) (30,946) (126,709)

(88,999) (2,727) (83,122)

(2,553) (35,631) (37,834)

(2,200) (8,917) (7,428)

(2,200)

(2,200) (37,593) (23,674)

(2,200) (8,282)

Other Entities (including Consolidation adjustments)

8,113

15,819

14,582

Unspecified Capital Budget Authority

-

-

(50,000)

(50,000)

(50,000)

(50,000)

(50,000)

(50,000)

1,159,231 $

1,131,945 $

1,179,525 $

1,166,500 $

1,218,770 $

1,231,926 $

1,299,882 $

1,349,973 $

Surplus/(Deficit)

$

- -

$

- -

$

- -

$

- -

$

- -

$

- -

$

- -

$

- -

Transfers (To)/From Equity & Unapp. Surplus

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

77