City of Surrey's 2021 - 2025 Financial Plan

CONSOLIDATED FINANCIAL SUMMARY—SIGNIFICANT CHANGES (in thousands)

2021 ADOPTED BUDGET

$

-

REVENUES Taxation General Operating

Assessment Growth Taxation Rate Increase

……………………………… 15,634 $ ……………………………… 49,337

Other Assessment Adjustments

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

(400)

Capital Parcel Tax

1,592 1,970

Grants in lieu

$

68,133

Utilities

5,942

74,075

Sale of Goods and Services General Operating Corporate Services (including Bylaws)

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

198 698 158 287

Engineering Services

Finance

Fire

Parks, Recreation & Culture Planning & Development

2,179

339 154

Police

Corporate

2,799

6,812

Utilities

77,744

Reserves and Capital/Other Entities

-

84,556

Development Cost Charges and Developer Contributions

33,776

Investment Income

1,558

Transfers from Other Governments General Operating Police

……………………………… ………………………………

(160)

Corporate

4,378

4,218

Utilities

550

Reserves and Capital/Other Entities

(35,550)

(30,782)

Other Revenue General Operating Corporate Services (including Bylaws)

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

1,007

Engineering Services

314

Parks, Recreation & Culture Planning & Development

21

2,687 3,394

Corporate

7,423 1,132

Utilities

Reserves and Capital/Other Entities

79

8,634

Borrowing Proceeds

(130,000)

$ 41,817

Total Change in Revenue

City of Surrey | 2021—2025 Financial Plan | Financial Overview

95