City of Surrey's 2021 - 2025 Financial Plan

CONSOLIDATED FINANCIAL SUMMARY

(in thousands)

2019

2020

2020

2021

2022 PLAN

2023 PLAN

2024 PLAN

2025 PLAN

REVENUE SUMMARY

ACTUAL

ACTUAL

BUDGET

BUDGET

Taxation

General Operating Utilities Operating Gross Taxation

$

726,518 70,142 796,660 (357,855) 438,805

$

709,658 72,127 781,785 (318,704) 463,081

$

731,552 71,236 802,788 (345,061) 457,727

791,403 $

$

811,043 74,825 885,868 (360,196) 525,672

$

831,340 76,191 907,531 (363,797) 543,734

$

852,321 77,706 930,026 (367,433) 562,593

$

874,011 79,242 953,253 (371,106) 582,147

73,300 864,703 (356,631) 508,072

Less: Collection for Other Authorities

Sale of Goods and Services General Operating

72,951 191,602

54,563 200,811

73,280 202,703

73,240 207,215

75,253 220,427

76,541 237,463

78,633 257,634

80,052 284,959

Utilities Operating Reserves and Capital

2,040

101

- -

- -

- -

- -

- -

- -

Other Entities (including Consolidation adjustments)

112

(922)

266,705

254,553

275,983

280,455

295,680

314,004

336,267

365,011

Development Cost Charges

76,830

55,377

147,514

124,236

159,748

146,145

202,245

141,234

Developer Contributions Developer Contributions Capital External Sources Capital NCP Reserve Funds Capital Cash in lieu of Parkland

197,520

140,592

108,097

107,311

113,761

116,258

119,746

121,989

5,784 9,964 4,812

5,989 5,910 4,321

150

-

-

-

-

-

1,600

1,100

4,180 1,500

200

2,200 2,500

200

10,000

-

2,000

3,000

218,080

156,812

119,847

108,411

119,441

118,458

124,446

125,189

Investment Income General Operating Utilities Operating Reserves and Capital

23,083

15,870

16,488

10,920

10,940

10,960

11,070

11,180

638

915

1,573

496 324 255

900 432 265

1,021

1,129

1,247

826 300

2,241 2,681

2,804

857 275

501 275

683 300

Other Entities (including Consolidation adjustments)

(182)

28,643

19,407

19,193

11,995

12,537

12,757

13,182

13,553

Transfers from Other Governments General Operating

17,261

28,113

14,575

10,448

12,479

13,538

14,635

14,666

Utilities Operating Reserves and Capital

7,458

6,059 8,115

506

6,674

6,807

6,943

7,082

7,224

10,748 35,467

57,869 72,950

82,302 99,424

84,939

69,358

75,599

46,752

42,287

104,225

89,839

97,316

68,642

Other Revenue

General Operating Utilities Operating

60,643

57,823

49,705

46,635

50,807

51,864

52,946

54,058

3,292 5,372 2,729

4,456

3,440 2,000

4,041 2,000

4,338 2,000

4,574 2,000

4,841 2,000

5,173 2,000

Reserves and Capital - Gain on Sale of Assets Other Entities (including Consolidation adjustments)

10,391

18,141

246

303

310

318

325

(12,558) 60,112

72,036

73,286

52,922

57,448

58,748

60,105

61,556

Borrowing Proceeds

-

-

-

130,000

13,390

7,210

-

-

1,136,566 $

1,051,629 $

1,166,500 $

1,315,515 $

1,288,141 $

1,290,895 $

1,396,154 $

1,357,332 $

City of Surrey | 2021—2025 Financial Plan | Financial Overview

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