City of Surrey Financial Plan 2020-2024

CONSOLIDATED FINANCIAL SUMMARY—SIGNIFICANT CHANGES (in thousands)

2020 ADOPTED BUDGET

$

-

REVENUES Taxation General Operating Assessment Growth

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

$

14,970 47,309

Taxation Rate Increase

Other Assessment Adjustments

(400)

Capital Parcel Tax

488 693

Grants in lieu

$

63,060

Utilities

6,246

69,306

Sale of Goods and Services General Operating Corporate

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

2,722

Corporate Services (including Bylaws)

193 849 154 280

Engineering Services

Finance

Fire

Parks, Recreation & Culture Planning & Development

4,289

346 149

Policing Transition Surrey Public Library

-

8,982

Utilities

69,710

Reserves and Capital/Other Entities

-

78,692

Development Cost Charges and Developer Contributions

22,383

Investment Income

546

Transfers from Other Governments General Operating Corporate

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

230

Policing Transition Surrey Public Library

(155)

-

75 42

Utilities

Reserves and Capital/Other Entities

12,267

12,384

Other Revenue General Operating Corporate

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

248 978 272

Corporate Services (including Bylaws)

Engineering Services

Parks, Recreation & Culture Planning & Development

21

2,613

Surrey Public Library

-

4,132 1,030

Utilities

Reserves and Capital/Other Entities

(5,000)

162

Borrowing Proceeds

-

Total Change in Revenue

$ 183,473

81