City of Surrey's 2022-2026 Financial Plan

MAJOR REVENUE SOURCES

SALES OF GOODS AND SERVICES Examples of Sales of Goods and Services include items such as: • Secondary Suite Infrastructure Fees—fees charged on dwelling units in excess of one located within a single family dwelling; • Sales of goods and services from Parks and Recreation—fees collected from field rental, program registration, memberships of gym and pools, and skate rentals; • Administration fees — fees on Land Development construction and servicing agreement processing; • User fees — fees from recreation facilities, water, and solid waste removal; • Permit fees — fees from building permits, electrical permits, and road closure permits; • Licence revenue — fees from business licenses; and • Other significant fees — fees related to Police security clearance checks, medical animal treatment, fire alarm response, tax inquiries, and other miscellaneous fees. INVESTMENT INCOME In 2021, the City’s investment portfolio achieved a return of 1.73%. In its purchase of investments, the City is subject to the Community Charter as well as its own Investment Policy, approved by Council on May 6, 2013. The policy provides a framework for the City to maximize returns with minimal risk. The City’s investments are classified as follows and depicted in charts by portfolio and category on the following page:

Bond Portfolio The Bond portfolio is comprised of investments with a term greater than two years and less than ten years. This portfolio represents 18.1% of the City’s investments. Portfolio Mix The City’s investment portfolio consists of securities purchased from Canadian Schedule I Banks (57.1%), British Columbia Credit Unions (22.7%), and Cash Holdings (20.2%).

Money Market Portfolio Surrey’s Money Market Portfolio is

comprised of investments that will mature within one year. This portfolio represents 44.0% of the City’s investments. Cash Holdings account for 20.2% of the investment portfolio. Intermediate Portfolio The Intermediate portfolio is comprised of investments with a term greater than one year and less than two years. This portfolio represents 17.7% of the City’s investments.

City of Surrey | 2022—2026 Financial Plan | Financial Overview

79