City of Surrey's 2021 - 2025 Financial Plan

FINANCE—DEPARTMENTAL OPERATIONS (in thousands)

2019

2020

2020

2021

2022

2023

2024

2025

DIVISION SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN Revised Revised

Administration

$

899 343

$

1,900

$

1,687

$

2,533

$

2,533 1,058 2,502 1,742 2,178

$

2,533 1,208 2,500 1,708 2,178

$

2,533 1,358 2,498 1,673 2,178

$

2,533 1,508 2,496 1,637 2,178

Financial Reporting & Compliance

376

472

908

Financial Services Revenue Services Risk Management Treasury Operations

2,973 1,178 1,727

2,849 1,146 2,036

3,512 1,407 2,035

2,504 1,775 2,178

894

933

937

777

777

777

777

777

$

8,014

$

9,240

10,050 $

10,675 $

10,790 $

10,904 $

11,017 $

11,129 $

ACCOUNT SUMMARY

Revenues Sale of Goods and Services

$

(1,301)

$

(1,377)

$

(1,369)

$

(1,409)

$

(1,447)

$

(1,486)

$

(1,526)

$

(1,567)

Transfers from Other Governments

-

-

-

-

-

-

-

-

Grants, Donations and Other

(99)

(99)

(101)

(104)

(104)

(104)

(104)

(104)

(1,400)

(1,476)

(1,470)

(1,513)

(1,551)

(1,590)

(1,630)

(1,671)

Expenditures Salaries and Benefits

8,285 4,118

8,297 5,347

9,614 5,676

10,082

10,082

10,082

10,082

10,082

Operating Costs

6,309

6,474

6,639

6,804

6,969

Internal Services Used

188

137

266

276

276

276

276

276

Internal Services Recovered

(1,880) (2,154)

(1,784) (1,358)

(1,651)

(2,094)

(2,106)

(2,118)

(2,130)

(2,142)

External Recoveries

(243)

(243)

(243)

(243)

(243)

(243)

8,557

10,639

13,662

14,330

14,483

14,636

14,789

14,942

Net Operations Total

7,157

9,163

12,192

12,817

12,932

13,046

13,159

13,271

Transfers To (From) Capital Sources To (From) Operating Sources

-

6

-

-

-

-

-

-

857 857

71 77

(2,142) (2,142)

(2,142) (2,142)

(2,142) (2,142)

(2,142) (2,142)

(2,142) (2,142)

(2,142) (2,142)

$

8,014

$

9,240

10,050 $

10,675 $

10,790 $

10,904 $

11,017 $

11,129 $

2.46% of General Net Taxation allocated to Finance

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

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