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

EXPENDITURE SUMMARY

ACTUAL

ACTUAL

BUDGET

BUDGET

Departmental Expenditures General Operating - Departmental Expenditures General Operating - Council Initiative Fund

$

486,266

$

418,352

$

469,606

493,815 $

$

502,175

$

506,957

$

520,429

$

526,390

170

11

260

260

260

260

260

260

Utilities Operating Expenditures

212,650 134,016

211,655 136,354

215,467 149,853

218,745 142,206

230,347 145,828

244,866 146,604

261,720 150,899

286,087 153,229

Capital - Amortization

Other Entities (including Consolidation adjustments)

3,900

3,070

5,161

1,240

1,299

1,181

1,192

996

837,002

769,442

840,347

856,266

879,909

899,868

934,500

966,962

Fiscal Services & Debt Interest General Operating

8,188 1,856

7,887 1,814 9,701

8,353 1,814

7,253 1,770 9,023

9,481 1,724

9,607 1,675

8,318 1,623 9,941

8,324 1,569 9,893

Utilities Operating

10,044

10,167

11,205

11,282

Capital Expenditures Capital Contributed Assets

339,550 197,520 20,208 557,278

242,597 140,592

374,358 100,000 22,157 496,515

510,721 100,000

421,983 100,000

379,618 100,000

445,677 100,000

347,212 100,000

Other Entities (including Consolidation adjustments)

8,263

1,600

1,632

1,665

1,698

1,732

391,452

612,321

523,615

481,283

547,375

448,944

Municipal Debt Principal General Operating

4,682

4,682

4,692

4,682

9,151

10,195

10,313

10,313

Utilities Operating

802

844

844

888

935

983

1,035

1,089

5,484

5,526

5,536

5,570

10,086

11,178

11,348

11,402

Transfer To (From) Capital Sources General Operating

(37,474) (56,760) (38,872) (57,014)

(65,997) (57,693) (5,672)

60,446 52,187 (1,715)

73,958 57,177

49,733 60,290 19,721

50,756 63,505 23,496

49,782 67,700 26,542

42,184 71,426 16,398

Utilities Operating

Internal Borrowing To/(From) Reserves

1,049

Reserves and Capital

25,720

(239,555) (128,637)

(254,894) (122,710)

(237,111) (107,367)

(231,810) (94,053)

(240,874) (96,850)

(233,721) (103,713)

(190,120)

(103,642)

Transfer To (From) Operating Sources General Operating

5,821 2,783

50,394 13,284

(6,203)

(5,002) 13,886 (1,500) (2,339)

9,805

19,175 15,923 (1,500) (2,261)

26,528 17,084 (1,500) (2,272)

58,992 18,455 (1,500) (2,103)

Utilities Operating Other Reserve Funds

9,892

14,751 (1,500) (2,363)

(88,999) (2,727) (83,122)

(72,219) (12,309) (20,850)

(2,200) (8,917) (7,428)

Other Entities (including Consolidation adjustments)

5,045

20,693

31,337

39,840

73,844

Unspecified Capital Budget Authority

-

-

(50,000)

(50,000)

(50,000)

(50,000)

(50,000)

(50,000)

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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