City of Surrey's 2021 - 2025 Financial Plan

CAPITAL FINANCIAL PLAN BYLAW, 2020, NO. 20207

CITY OF SURREY

Bylaw 20207

Schedule 1

Capital Financial Plan To establish years 2021 to 2025 2021 2022

2023

2024

2025

PROPOSED FUNDING SOURCES Development Cost Charges

124,236,000 $

159,748,000 $

146,145,000 $

202,245,000 $

141,234,000 $

Developer Contributions

107,671,000 82,302,000 314,209,000

118,691,000 84,939,000 363,378,000

117,698,000 69,358,000 333,201,000

123,676,000 75,599,000 401,520,000

124,408,000 46,752,000 312,394,000

Transfers from Other Governments

Revenues from Other Sources

Borrowing Proceeds

130,000,000

13,390,000

7,210,000

-

-

TOTAL FUNDING SOURCES

444,209,000 $

376,768,000 $

340,411,000 $

401,520,000 $

312,394,000 $

PROPOSED EXPENDITURES Police Services Parks, Recreation & Culture General Government Planning & Development Surrey Public Library Engineering Services Water, Sewer & Drainage Solid Waste Expenditures Fire Services

$

5,328,000 2,740,000 19,911,000 17,799,000 2,398,000 46,791,000 43,874,000 2,520,000 35,000

$

6,161,000 3,267,000 20,019,000 17,992,000 2,162,000 47,684,000 45,015,000 2,520,000 35,000

$

6,897,000 3,318,000 20,558,000 17,600,000 1,984,000 47,879,000 46,214,000 1,099,000 1,020,000 146,604,000 87,604,000 100,000,000 292,014,000 479,618,000 35,000

$

7,442,000 3,617,000 21,421,000 17,697,000 1,813,000 49,205,000 47,510,000 1,045,000 1,119,000 150,899,000 102,849,000 100,000,000 342,829,000 545,678,000 30,000

$

8,141,000 3,596,000 24,023,000 16,809,000 1,647,000 49,078,000 47,745,000 1,000,000 1,190,000 153,229,000 80,126,000 100,000,000 267,086,000 447,212,000 -

Surrey City Energy

810,000

973,000

145,828,000

Municipal Amortization Expenditures

142,206,000

Capital Expenditures - Prior Years Capital Expenditures - Contributed Capital Expenditures - Current Years

117,859,000 100,000,000 392,862,000 610,721,000

97,381,000 100,000,000 324,602,000 521,983,000

Capital Expenditures

TOTAL EXPENDITURES

752,927,000 $

667,811,000 $

626,222,000 $

696,577,000 $

600,441,000 $

PROPOSED TRANSFERS BETWEEN CAPITAL AND OPERATING SOURCES Transfers To/(From) Capital Funds (241,949,000) (222,575,000)

(219,964,000) (14,347,000) (234,311,000) $

(228,568,000) (14,989,000) (243,557,000) $

(221,867,000) (14,680,000) (236,547,000) $

Transfers To/(From) Reserve Funds

(15,269,000)

(16,968,000)

Transfers To/(From) Capital Sources

(257,218,000) $

(239,543,000) $

Transfers To/(From) Operating Sources

$

(1,500,000)

$

(1,500,000)

$

(1,500,000)

$

(1,500,000)

$

(1,500,000)

Unspecified Capital Budget Authority

(50,000,000)

(50,000,000)

(50,000,000)

(50,000,000)

(50,000,000)

TOTAL TRANSFERS BETWEEN SOURCES

(308,718,000) $

(291,043,000) $

(285,811,000) $

(295,057,000) $

(288,047,000) $

BALANCED BUDGET

$

-

$

-

$

-

$

-

$

-

City of Surrey | 2021—2025 Financial Plan | Capital Program

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