City of Surrey's 2022-2026 Financial Plan

UTILITIES OPERATING FINANCIAL SUMMARY

(in thousands)

2020

2021

2021

2022

2023

2024

2025

2026

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

Levy/Parcel Tax Grants in Lieu

$

70,059 1,109

$

71,892 1,139

$

71,816

$

73,053 1,117

$

74,913 1,128

$

76,835

$

78,821

$

80,875 1,161

997 487

1,139

1,150

Special Assessment

959

949

511

420

442

452

474

Taxation

72,127

73,980

73,300

74,681

76,461

78,416

80,423

82,510

Sale of Goods and Services

200,811

213,092

207,215

220,857

243,515

270,748

304,050

352,522

Developer Contributions

922

320

740

1,108

1,125

1,142

1,160

1,178

Investment Income

915

318

496

260

467

701

984

1,333

Transfers fromOther Governments

6,059

7,767

6,674

7,211

7,347

7,486

7,628

7,773

Penalties and Interest

1,497 2,959 4,456

1,705 3,060 4,765

1,501 2,540 4,041

1,574 2,804 4,378

1,589 2,964 4,553

1,606 3,083 4,689

1,623 3,209 4,832

1,640 3,342 4,982

Grants, Donations and Other

Other Revenue

TOTAL REVENUE

285,290 $

300,242 $

292,466 $

308,495 $

333,468 $

363,182 $

399,077 $

450,298 $

EXPENDITURE SUMMARY

Operational Expenditures

211,655 $

222,183 $

218,745 $

234,497 $

255,576 $

278,564 $

305,352 $

346,568 $

Debt Interest

1,814

1,770

1,770

1,724

1,675

1,623

1,569

1,513

Debt Principal

844

888

888

935

983

1,035

1,089

1,146

TOTAL EXPENDITURE

214,313 $

224,841 $

221,403 $

237,156 $

258,234 $

281,222 $

308,010 $

349,227 $

TRANSFERS SUMMARY

Transfers To/(From) Capital Sources Transfers To/(From) Operating Sources

57,693 13,284

67,435 7,966

57,177 13,886

55,044 16,295

58,843 16,391

64,135 17,825

70,536 20,531

76,385 24,686

TOTAL TRANSFERS

$

70,977

$

75,401

$

71,063

$

71,339

$

75,234

$

$

91,067

101,071 $

81,960

TOTAL UTILITIES OPERATING

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

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

285