City of Surrey's 2021 - 2025 Financial Plan

WATER BYLAW, 2020, NO. 20204

CITY OF SURREY

Bylaw 20204

Schedule 1

Water Operating Financial Plan To establish years 2021 to 2025 2021 2022

2023

2024

2025

PROPOSED FUNDING SOURCES Other Property Value Taxes Revenues from Property Value Taxes

$

189,000 189,000

$

201,000 201,000

$

104,000 104,000

$

110,000 110,000

$

104,000 104,000

Taxation Revenues

189,000

201,000

104,000

110,000

104,000

Utilities Fees & Charges

85,238,000 85,238,000

89,294,000 89,294,000

94,502,000 94,502,000

101,095,000 101,095,000

109,678,000 109,678,000

Revenues from Fees

Developer Contributions

2,000

2,000

2,000

2,000

2,000

Investment Income

257,000

439,000

478,000

514,000

551,000

Utilities Operating

346,000 845,000

353,000 886,000

360,000 938,000

367,000

374,000

Utilities Penalties & Interest

1,003,000 1,370,000 1,886,000

1,089,000 1,463,000 2,016,000

Other Revenue

1,191,000 1,450,000

1,239,000 1,680,000

1,298,000 1,778,000

Revenues from Other Sources

TOTAL FUNDING SOURCES

$

86,877,000

$

91,175,000

$

96,384,000

103,091,000 $

111,798,000 $

PROPOSED EXPENDITURES Water Expenditures TOTAL EXPENDITURES

68,052,000 68,052,000

71,586,000 71,586,000

76,017,000 76,017,000

82,298,000 82,298,000

90,420,000 90,420,000

$

$

$

$

$

PROPOSED TRANSFERS BETWEEN CAPITAL AND OPERATING SOURCES Transfers To/(From) Capital Funds 12,312,000 12,798,000

13,380,000

13,585,000

13,054,000

Transfers To/(From) Reserve Funds

376,000

364,000

237,000

31,000

25,000

Transfers To/(From) Capital Sources

$

12,688,000

$

13,162,000

$

13,617,000

$

13,616,000

$

13,079,000

Transfers To/(From) Operating Sources

$

6,137,000

$

6,427,000

$

6,750,000

$

7,177,000

$

8,299,000

TOTAL TRANSFERS BETWEEN SOURCES

$

18,825,000

$

19,589,000

$

20,367,000

$

20,793,000

$

21,378,000

BALANCED BUDGET

$

-

$

-

$

-

$

-

$

-

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

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