City of Surrey's 2021 - 2025 Financial Plan

CONSOLIDATED FINANCIAL SUMMARY—SIGNIFICANT CHANGES (in thousands)

2020 ADOPTED BUDGET

$ -

REVENUES Taxation General Operating

Assessment Growth Taxation Rate Increase

………………………………

$

1,773

……………………………… 11,198

Other Assessment Adjustments

………………………………

2,659

Capital Parcel Tax

……………………………… 31,695

Grants in lieu

………………………………

956

$

48,281

Utilities

2,064

50,345

Sale of Goods and Services General Operating Corporate

……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ………………………………

214

City Manager

(2)

Corporate Services (including Bylaws)

191

Engineering Services

(174)

Finance

40 55

Fire

Parks, Recreation & Culture Planning & Development

(320)

(65)

Police

34

Surrey Public Library

(13)

(40)

Utilities

4,512

Reserves and Capital/Other Entities

-

4,472

Development Cost Charges and Developer Contributions

(34,714)

Investment Income

(7,198)

Transfers from Other Governments General Operating Corporate

……………………………… (4,127)

(4,127)

Utilities

6,168

Reserves and Capital/Other Entities

24,433

26,474

Other Revenue General Operating Corporate

……………………………… (4,290)

Corporate Services (including Bylaws)

……………………………… ……………………………… ……………………………… ……………………………… ………………………………

234 338

Engineering Services

Finance

3

Planning & Development Surrey Public Library

611

34

(3,070)

Utilities

601

Reserves and Capital/Other Entities

(17,895)

(20,364)

Borrowing Proceeds

130,000

$ 149,015

Total Change in Revenue

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

93