City of Surrey's 2022-2026 Financial Plan

5-YEAR CAPITAL PLAN—FINANCIAL SUMMARY

(in thousands)

2020

2021

2021

2022

2023

2024

2025

2026

REVENUE SUMMARY

ACTUAL ACTUAL BUDGET BUDGET PLAN PLAN PLAN PLAN

Development Cost Charges

$

55,377

$

44,991

$

124,236

129,198 $

$

144,143

$

148,797

$

137,863

$

149,850

CAC & Bonus Density Revenue NCP developer contributions Devel Contrib - 5% in lieu Parkland Developer Contributed TCAs Developer/Sundry Contribution

1,108 5,910 4,321

29,476 11,163

2,350 5,321

46,000

11,000

11,000

12,000

12,000

3,100

200

2,200

2,180

200

4,812

-

10,000 100,000

10,250 100,000

10,500 100,000

10,750 100,000

11,000 100,000

138,603

160,616

100,000

5,989

2,153

-

-

-

-

-

-

Developer Contributions

155,931

208,220

107,671

159,100

121,450

123,700

124,930

123,200

Federal/Provincial Government Transfers

2,850 6,146 8,996

8,127 8,304

38,602 43,700 82,302

20,882 15,529 36,411

28,691 17,817 46,508

15,400 17,840 33,240

11,628 15,452 27,080

13,189 11,537 24,726

TransLink Contribution to Capital Transfers from Other Governments

16,431

Borrowing Proceeds

-

150,600

130,000

20,600

-

-

-

-

TOTAL REVENUE

220,304 $

420,242 $

444,209 $

345,309 $

312,101 $

305,737 $

289,873 $

297,776 $

EXPENDITURE SUMMARY

Amortization

$

136,354 244,586 138,603

$

142,707 211,542 160,616

$

142,206 510,721 100,000

144,029 $

$

145,204 402,682 100,000

$

148,779 404,470 100,000

$

148,602 375,748 100,000

$

147,489 372,149 100,000

Capital Expenditures - Current & Prior Year Capital Expenditures - Contributed TCAs

478,898 100,000

TOTAL EXPENDITURE

519,543 $

514,865 $

752,927 $

722,927 $

647,886 $

653,249 $

624,350 $

619,638 $

TRANSFERS SUMMARY

Transfers To/(From) Capital Sources Transfers To/(From) Operating Sources Unspecified Capital Budget Authority

25,720

149,452 (244,075)

(257,218) (1,500) (50,000)

(326,118) (1,500) (50,000)

(284,285) (1,500) (50,000)

(296,012) (1,500) (50,000)

(282,977) (1,500) (50,000)

(270,362) (1,500) (50,000)

(324,959)

-

-

TOTAL TRANSFERS

(299,239) $

(94,623) $

(308,718) $

(377,618) $

(335,785) $

(347,512) $

(334,477) $

(321,862) $

NET CAPITAL

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

City of Surrey | 2022—2026 Financial Plan | Capital Program

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