City of Surrey 2020-2024 Financial Plan

CONSOLIDATED FINANCIAL SUMMARY—SIGNIFICANT CHANGES

(in thousands)

2019 ADOPTED BUDGET

$ -

REVENUES Taxation General Operating

Assessment Growth Taxation Rate Increase

……………………………… ……………………………… ……………………………… ……………………………… ………………………………

$

3,328

15,791

Other Assessment Adjustments

1,900

Capital Parcel Tax

169 823

Grants in lieu

$

22,011

Utilities

1,747

23,758

Sale of Goods and Services General Operating Corporate

……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ………………………………

2,963

Corporate Services (including Bylaws)

18

Engineering Services

379

Finance

39

Fire

252

Parks, Recreation & Culture Planning & Development

(466)

290

Policing Transition Surrey Public Library

35 26

3,536

Utilities

15,633

Reserves and Capital/Other Entities

-

19,169

Development Cost Charges and Developer Contributions

(77,496)

Investment Income

(3,081)

Transfers from Other Governments General Operating Corporate

……………………………… ………………………………

80

Surrey Public Library

-

80 10

Utilities

Reserves and Capital/Other Entities

10,556

10,646

Other Revenue General Operating Corporate

……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ………………………………

(373)

Corporate Services (including Bylaws)

277

Engineering Services

(19)

Finance

2

Parks, Recreation & Culture Planning & Development

95

1,828

Surrey Public Library

-

1,810

Utilities

453

Reserves and Capital/Other Entities

11,716

13,979

Borrowing Proceeds

-

Total Change in Revenue

$ (13,025)

79