City of Surrey Financial Plan 2020-2024

First page Table of contents Next page Last page
2020-2024 Financial Plan1
Table of Contents4
Executive Overview6
Reader's Guide6
Message from the General Manager, Finance8
Approved Supplemental Funding Information13
Budget Summary14
Strategic Framework15
Financial Planning Process23
Community Profile28
Surrey's History28
Population and Growth Statistics33
Business and Industry36
Taxes, Utilities and Assessments41
Educational Services43
Health and Safety Services45
Organizational Profile48
City Government and Administration48
Organizational Objectives51
Organizational Governance54
Integrated Planning Model59
City of Surrey Corporate Functions60
Staffing Complement Summary61
Financial Overview64
Economic Overview64
Major Revenue Sources69
Source and Application of Funds75
Overview of Fund Structure77
Consolidated Financial Summary81
General Operating Fund94
Overview94
Financial Summary95
Department Overviews104
Mayor, Council and Grants104
City Manager116
Corporate Services126
Engineering Services142
Finance156
Fire170
Investment and Intergovernmental Relations186
Parks, Recreation and Culture196
Planning and Development216
Policing Transition232
RCMP242
Surrey Public Library254
Utilities Operating Funds264
Overview264
Financial Summary265
Utility Operating Fund Overviews268
Drainage Utility268
Parking Utility280
Transportation (Roads and Traffic Utility)290
Sewer Utility302
Solid Waste Utility314
Surrey City Energy Utility326
Water Utility336
Capital Program348
Contribution and Expenditure Overview348
Capital Planning Process353
Ranked Capital Projects355
2020 Capital Program361
5-Year Capital Program363
Financial Summary363
General Corporate366
Parks, Recreation and Culture367
Protective Services369
Roads & Traffic (Transportation)370
Water Services371
Sewer Services372
Drainage Services373
Glossary of Terminology376

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