City of Surrey's 2022-2026 Financial Plan
CONTRIBUTION & EXPENDITURE OVERVIEW
The Capital Financial Plan allocates available financial resources to proposed investments in capital. Because Surrey is a growing city, its capital requirements are significant. Each year, the City builds and acquires assets such as roads, parks and equipment. The City also makes upgrades to existing infrastructure and replaces obsolete or worn-out components. Capital projects compete for limited financial resources. To prioritize these resources, Council uses a Capital Planning and a Capital Ranking Process which are further described in the Capital Planning Process section that follows. CAPITAL FUNDING CONTRIBUTIONS Capital expenditures have many different funding sources. The following graph shows the mix of funding sources used over the last five years to fund the City of Surrey’s Capital Program:
Capital Funding Sources (in millions)
$100 $125 $150 $175 $200 $225 $250 $275 $300 $325 $350 $375
Internal/ External Borrowing Sundry Sources Operating Surplus Reserve Funds General Revenue Development Cost Charges
$0 $25 $50 $75
2018
2019
2020
2021
2022
City of Surrey | 2022—2026 Financial Plan | Capital Program
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