City of Surrey's 2021 - 2025 Financial Plan

FINANCIAL SUMMARY—REVENUE

(in thousands)

2019

2020

2020

2021

2022

2023

2024

2025

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

CORPORATE REVENUES Base Levy

318,863 $

333,371 $

332,787 $

354,565 $

367,436 $

382,645 $

398,460 $

414,906 $

Property/Folio Growth (City's Portion)

5,144

4,477

3,328

1,773

3,674

3,826

3,985

4,149

Property Tax Rate Increase Provision for Adjustments

10,252

17,539

15,791

11,198

11,635

12,089

12,561

13,052

-

-

(100)

(100)

(100)

(100)

(100)

(100)

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

355,387 18,391 17,176 390,954

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

367,436 18,564 48,772 434,772

382,645 18,945 49,257 450,847

398,460 19,336 49,747 467,543

414,906 19,740 50,242 484,888

432,007 20,156 50,742 502,905

Grants in Lieu

Capital Parcel Tax

Taxation

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

19,555

22,557

22,187

22,548

23,425

24,337

25,285

26,270

3,208

3,643

3,109

2,962

2,730

2,499

2,269

2,039

22,763 23,083

26,200 15,870

25,296 16,488

25,510 10,920

26,155 10,940

26,836 10,960

27,554 11,070

28,309 11,180

Corporate Investment Income

Provincial Casino Revenue Sharing

4,074

708 753

4,200

-

2,121

3,197

4,284

4,305

Carbon Tax Rebates

650

650

650

650

650

650

650

Other Corporate Government Transfers

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

16,374 17,835

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

1,678 2,328

1,678 4,449

1,751 5,598

1,751 6,685

1,751 6,706

Corporate Government Transfers

SCDC Dividends

4,500 5,839 3,894

-

-

-

-

-

10,802

Corporate Lease Revenue

7,408 3,640

10,615

10,677

10,739

Penalties & Interest

3,640

3,640

3,640

3,640

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

16,873

14,233

15,338

11,048

14,255

14,317

14,379

14,442

439,236

465,092

450,068

484,578

506,646

525,254

544,576

563,542

1

-

2 2

-

-

-

-

-

Corporate Services

41

154

150

150

150

150

150

Finance

1,400

1,476

1,470

1,513

1,551

1,590

1,630

1,671

Investments & Intergov. Relations

19

-

-

-

-

-

-

-

1,461

1,630

1,474

1,663

1,701

1,740

1,780

1,821

Public Safety Bylaws

10,530

10,835

11,150

10,408

8,694 3,302 9,985

9,668 2,347 8,170

9,945 2,402 8,204

10,233

Fire

2,705 8,898

2,471 8,151

2,541 8,099

2,614 8,148

2,689 8,198

Police

22,011

21,981

20,185

20,551

20,855

21,170

21,597

22,037

Other Engineering Services

10,261 34,545 33,280

9,651

8,190

8,354

8,596

8,846

9,103

9,366

Parks, Recreation & Culture Planning & Development

14,054 33,674

34,585 24,416

34,265 24,962

35,200 25,686

35,362 26,432

36,275 27,199

36,465 27,988

Surrey Public Library

1,807

1,241

1,621

1,642

1,642

1,642

1,642

1,642

79,893

58,620 82,231

68,812 90,471

69,223 91,437

71,124 93,680

72,282 95,192

74,219 97,596

75,461 99,319

Total Departmental Revenues

103,365

TOTAL REVENUE

542,601 $

547,323 $

540,539 $

576,015 $

600,326 $

620,446 $

642,172 $

662,861 $

City of Surrey | 2021—2025 Financial Plan | General Operating

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