City of Surrey 2020-2024 Financial Plan

FINANCIAL SUMMARY—REVENUE

(in thousands)

2018

2019

2019

2020

2021

2022

2023

2024

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

CORPORATE REVENUES Base Levy

296,428 $

318,863 $

317,526 $

332,787 $

351,806 $

366,381 $

381,537 $

397,297 $

Assessment Growth (City's Portion)

6,897

5,144

3,175

3,328

3,518

3,664

3,815

3,973

Property Tax Rate Increase Provision for Adjustments

16,166

10,252

10,136

15,791

11,157

11,592

12,045

12,515

-

-

(50)

(100)

(100)

(100)

(100)

(100)

319,491 15,722 16,558 351,771

334,259 17,467 16,937 368,663

330,787 16,785 16,908 364,480

351,806 17,608 17,077 386,491

366,381 17,728 17,248 401,357

381,537 17,849 17,420 416,806

397,297 17,972 17,594 432,863

413,685 18,096 17,770 449,551

Grants in Lieu

Capital Parcel Tax

Taxation

Secondary Suite Infrastructure Fee Other Corporate Fees & Charges Corporate Sale of Goods and Services

18,413

19,555

19,083

22,187

23,050

23,948

24,881

25,850

3,549

3,208

3,250

3,109

2,873

2,638

2,403

2,168

25,296 16,488

25,923 16,412

26,586 16,439

27,284 16,512

28,018 16,589

21,962 20,048

22,763 23,083

22,333 17,623

Corporate Investment Income

Provincial Casino Revenue Sharing

4,302

4,074

4,200

4,200

4,221

4,242

4,263

4,284

Carbon Tax Rebates

753

650

650

650

650

650

650

650

Other Corporate Government Transfers

14,999 20,054

3,130 7,854 4,500 7,515 4,858

1,525 6,375 4,500 7,571 3,640

1,605 6,455 4,500 7,198 3,640

1,678 6,549 4,500 7,259 3,640

1,678 6,570 4,500 7,321 3,640

1,751 6,664 4,500 7,383 3,640

1,751 6,685 4,500 7,446 3,640

Corporate Government Transfers

SCDC Dividends

4,500 7,744 3,966

Corporate Lease Revenue

Penalties & Interest

Corporate Other Revenues Total Corporate Revenues DEPARTMENTAL REVENUES General Government City Manager's Department

16,210

16,873

15,711

15,338

15,399

15,461

15,523

15,586

498,846

516,429

430,045

439,236

426,522

450,068

465,640

481,862

-

1

2 2

2 2

2 2

2 2

2 2

2 2

Corporate Services

300

41

Finance

1,334 1,634

1,400 1,461

1,429 1,433

1,470 1,474

1,507 1,511

1,545 1,549

1,584 1,588

1,624 1,628

Public Safety Bylaws

10,146

10,408

9,373 2,095 8,135

9,668 2,347 8,170

9,948 2,414 8,117

10,237

10,534

10,839

Fire

2,281 8,445

2,705 8,899

2,483 8,064

2,554 8,113

2,627 8,164

Policing

20,185

20,479

20,784

21,201

21,630

20,872

22,012

19,603

Other Engineering Services

10,145 35,746 30,696

10,191 34,615 33,280

7,830

8,190

8,459

8,735

9,020

9,311

Parks, Recreation & Culture Planning & Development

34,956 22,298

34,585 24,416

35,870 25,124

36,852 25,852

37,859 26,603

38,895 27,375

Surrey Public Library

1,696

1,807

1,595

1,621

1,621

1,621

1,621

1,621

68,812 90,471

71,074 93,064

73,060 95,393

75,103 97,892

77,202

78,283

79,893

66,679 87,715

Total Departmental Revenues

100,789

103,366

100,460

TOTAL REVENUE

530,834 $

542,602 $

514,237 $

540,539 $

558,704 $

577,255 $

596,738 $

616,889 $

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