City of Surrey's 2022-2026 Financial Plan

FINANCIAL SUMMARY—REVENUE

(in thousands)

2020

2021

2021

2022

2023

2024

2025

2026

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

CORPORATE REVENUES Base Levy

333,371 $

355,748 $

354,565 $

368,667 $

382,028 $

397,820 $

414,241 $

431,316 $

Property/Folio Growth (City's Portion)

4,477

3,412

1,773

1,843

3,820

3,978

4,142

4,313

Property Tax Rate Increase Provision for Adjustments

17,539

11,314

11,198

11,618

12,072

12,543

13,033

13,542

-

-

(100)

(100)

(100)

(100)

(100)

(100)

355,387 18,391 17,176 390,954

370,474 24,494 49,452 444,420

367,436 18,564 48,772 434,772

382,028 18,554 49,266 449,848

397,820 18,931 49,756 466,507

414,241 19,318 50,251 483,810

431,316 19,717 50,750 501,783

449,071 20,128 51,255 520,454

Grants in Lieu

Capital Parcel Tax

Taxation

Secondary Suite Infrastructure Fee Other Corporate Fees & Charges Corporate Sale of Goods and Services

22,557

23,831

22,548

23,313

24,221

25,164

26,145

27,164

3,643

4,730

2,962

3,304

3,076

2,848

2,621

2,395

26,200

28,561

25,510

26,617

27,297

28,012

28,766

29,559

Corporate Developer Contributions

-

413

-

-

-

-

-

-

Corporate Investment Income

15,870

15,602

10,920

16,066

16,169

16,276

16,383

16,490

Provincial Casino Revenue Sharing Other Corporate Government Transfers

708

1,750

-

2,121 1,678 3,799 8,687 3,640

3,197 1,751 4,948 9,296 3,640

4,284 1,751 6,035 9,917 3,640

4,305 1,751 6,056 9,972 3,640

4,327 1,751 6,078

16,374 17,835

12,977 14,942

1,678 2,328 7,408 3,640

Corporate Government Transfers

Corporate Lease Revenue

5,839 3,894

5,834 4,910

10,027

Penalties & Interest

3,640

Corporate Other Revenues Total Corporate Revenues DEPARTMENTAL REVENUES General Government Corporate Services

14,233

10,744

11,048

12,327

12,936

13,557

13,612

13,667

465,092

514,682

484,578

508,657

527,857

547,690

566,600

586,248

154

218

150

154

154

154

154

154

Finance

1,476 1,630

1,890 2,108

1,513 1,663

1,421 1,575

1,459 1,613

1,498 1,652

1,538 1,692

1,579 1,733

Public Safety Bylaws

8,694 3,302 9,985

9,871 3,813

9,945 2,402 8,204

10,233

10,530

10,835

11,149

11,472

Fire

3,711 8,239

3,818 8,241

3,928 8,279

4,041 8,318

4,157 8,358

Police

10,219 23,903

22,589

23,042

23,508

23,987

21,981

20,551

22,183

Other Engineering Services

9,651

11,478 17,722 35,069 65,461 91,472 1,192

8,354

8,406

8,650

8,901

9,159

9,424

Parks, Recreation & Culture Planning & Development

14,054 33,674

34,265 24,962

34,269 25,552

35,155 26,294

36,063 27,057

36,997 27,841

37,959 28,648

Surrey Public Library

1,241

1,642

1,386

1,386

1,386

1,386

1,386

58,620 82,231

69,223 91,437

69,613 93,371

71,485 95,687

73,407 98,101

75,383

77,417

Total Departmental Revenues

100,583

103,137

TOTAL REVENUE

547,323 $

606,154 $

576,015 $

602,028 $

623,544 $

645,791 $

667,183 $

689,385 $

City of Surrey | 2022—2026 Financial Plan | General Operating

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