City of Surrey's 2021 - 2025 Financial Plan

UTILITIES OPERATING FINANCIAL SUMMARY

(in thousands)

2019

2020

2020

2021

2022

2023

2024

2025

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

Levy/Parcel Tax Grants in Lieu

$

68,573

$

70,059

$

69,954

$

71,816

$

73,304

$

74,750

$

76,231

$

77,746

1,068

1,109

910 372

997 487

1,007

1,017

1,027

1,037

Special Assessment

501

959

514

424

448

459

Taxation

70,142

72,127

71,236

73,300

74,825

76,191

77,706

79,242

Sale of Goods and Services

191,602

200,811

202,703

207,215

220,427

237,463

257,634

284,959

Developer Contributions

1,719

922

746

740

750

760

770

781

Investment Income

638

915

1,573

496

900

1,021

1,129

1,247

Transfers from Other Governments

7,458

6,059

506

6,674

6,807

6,943

7,082

7,224

Penalties and Interest

1,542 1,750 3,292

1,497 2,959 4,456

1,471 1,969 3,440

1,501 2,540 4,041

1,588 2,750 4,338

1,707 2,867 4,574

1,850 2,991 4,841

2,052 3,121 5,173

Grants, Donations and Other

Other Revenue

TOTAL REVENUE

274,851 $

285,290 $

280,204 $

292,466 $

308,047 $

326,952 $

349,162 $

378,626 $

EXPENDITURE SUMMARY

Operational Expenditures

212,650 $

211,655 $

215,467 $

218,745 $

230,347 $

244,866 $

261,720 $

286,087 $

Debt Interest

1,856

1,814

1,814

1,770

1,724

1,675

1,623

1,569

Debt Principal

802

844

844

888

935

983

1,035

1,089

TOTAL EXPENDITURE

215,308 $

214,313 $

218,125 $

221,403 $

233,006 $

247,524 $

264,378 $

288,745 $

TRANSFERS SUMMARY

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

56,760

57,693 13,284

52,187

57,177 13,886

60,290 14,751

63,505 15,923

67,700 17,084

71,426 18,455

2,783

9,892

TOTAL TRANSFERS

$

59,543

$

70,977

$

62,079

$

71,063

$

75,041

$

79,428

$

84,784

$

89,881

TOTAL UTILITIES OPERATING

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

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

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