City of Surrey's 2022-2026 Financial Plan

MAJOR REVENUE SOURCES

TRANSFER FROM OTHER GOVERNMENTS Transfer from other governments represents grants and proceeds received from federal, provincial or other government entities and examples include the following items:

Federal Government Grants: • Rapid Housing Initiative; • Infrastructure Canada; • Roads, Drainage; • Keep of Prisoners; • Summer students; • SAFE program, and • Child care

B.C. Casino Host Local Government Revenue Sharing The Province shares gambling revenue with local governments that host casinos and community gambling centres in BC In accordance with the Host Financial Assistance agreement between the Province of BC and the City of Surrey, the quarterly payout is based on 10% of net distribution (after deducting direct costs, facility operating expenses, and corporate overhead & support) for the Elements Casino situated in Cloverdale, Surrey. UBCM - Community Works Gas Tax Fund The Tripartite Agreement between Canada-British Columbia and Union of BC Municipalities provides Gas Tax Funds in order to provide predictable, long-term and stable funding to local governments in BC for investments in infrastructure and capacity building projects. Operating and Capital Government Grants and Transfers The City also grants in support of specific departmental operations as well as capital maintenance needs. Examples include the following:

BC Provincial Government Grants: • Traffic Fines Revenue Sharing; • Flooding mitigation funding • Library operating; • Arts; • BC One Card; • Victim services; and • Child care and seniors TransLink: • Arterial widening and intersections improvements; • Arterial paving; and • Bicycle network and other transit projects

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

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