City of Surrey's 2021 - 2025 Financial Plan

TABLE OF CONTENTS

EXECUTIVE OVERVIEW

Reader’s Guide

2

Message from the CFO/General Manager, Finance

4

Approved Supplemental Funding Information

9

Budget Summary

10

Strategic Framework

11

Financial Planning Process

20

COMMUNITY PROFILE

Surrey’s History

26

Population and Growth Statistics

32

Business and Industry

35

Taxes, Utilities, and Assessments

40

Educational Services

42

Health and Safety Services

44

ORGANIZATIONAL PROFILE City Government and Administration

52

Organizational Objectives

55

Organizational Governance

58

Integrated Planning Model

63

City of Surrey Corporate Functions

64

Staffing Complement

65

FINANCIAL OVERVIEW Economic Overview

70

Major Revenue Sources

76

Debt

83

Source and Application of Funds

84

Overview of Fund Structure

86

Consolidated Financial Summary

90

GENERAL OPERATING FUNDS

OVERVIEW

106

FINANCIAL SUMMARY

107

Mayor, Council and Grants

115

City Manager

127

City of Surrey | 2021—2025 Financial Plan | Table of Contents

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