City of Surrey's 2022-2026 Financial Plan

CONSOLIDATED FINANCIAL SUMMARY

(in thousands)

2020

2021

2021

2022

2023 PLAN

2024 PLAN

2025 PLAN

2026 PLAN

REVENUE SUMMARY

ACTUAL

ACTUAL

BUDGET BUDGET

Taxation

General Operating Utilities Operating Gross Taxation

$

709,658 72,127 781,785 (318,704) 463,081

$

860,676 73,980 934,656 (416,256) 518,400

$

791,403 73,300 864,703 (356,631) 508,072

841,212 $

$

861,783 76,461 938,244 (395,276) 542,968

$

883,038 78,416 961,454 (399,228) 562,226

$

905,001 80,423 985,424 (403,218) 582,206

$

927,703 82,510

74,681 915,893

1,010,213

Less: Collection for Other Authorities

(391,364)

(407,249) 602,964

524,529

Sale of Goods and Services General Operating

54,563 200,811

64,027 213,092

73,240 207,215

75,613 220,857

77,612 243,515

79,719 270,748

81,904 304,050

84,170 352,522

Utilities Operating Reserves and Capital

101

167

- -

- -

- -

- -

- -

- -

Other Entities (including Consolidation adjustments)

(922)

(1,296)

254,553

275,990

280,455

321,127

350,467

385,954

436,692

296,470

Development Cost Charges

55,377

44,991

124,236

129,198

144,143

148,797

137,863

149,850

Developer Contributions Developer Contributions Capital External Sources Capital NCP Reserve Funds

138,603

160,616

104,961

101,108

101,125

101,142

101,160

101,178

5,989 5,910 1,108 4,321

2,153

-

-

-

-

-

-

11,163 29,476

1,100 2,350

3,100

200

2,200

2,180

200

Capital CAC & Bonus Density Contributions

46,000 10,000 160,208

11,000 10,250

11,000 10,500

12,000 10,750

12,000 11,000

Capital Cash in lieu of Parkland

4,812

-

155,931

208,220

108,411

122,575

124,842

126,090

124,378

Investment Income General Operating Utilities Operating Reserves and Capital

15,870

15,602

10,920

16,066

16,169

16,276

16,383

16,490

915

318

496 324 255

260 272 225

467 264 225

701 269 225

984 269 225

1,333

2,804

2,192

274 225

Other Entities (including Consolidation adjustments)

(182)

(97)

19,407

18,015

11,995

16,823

17,125

17,471

17,861

18,322

Transfers from Other Governments General Operating

28,113

25,641

10,448

11,919

13,068

14,155

14,176

14,198

Utilities Operating Reserves and Capital

6,059 8,996

7,767

6,674

7,211

7,347

7,486

7,628

7,773

16,431 49,839

82,302

36,411 55,541

46,508

33,240 54,881

27,080 48,884

24,726 46,697

43,168

99,424

66,923

Other Revenue

General Operating Utilities Operating

57,823

56,051

46,635

48,582

50,188

51,831

52,937

54,073

4,456

4,765

4,041 2,000

4,378 2,000

4,553 2,000

4,689 2,000

4,832 2,000

4,982 2,000

Reserves and Capital - Gain on Sale of Assets Other Entities (including Consolidation adjustments)

10,391

11,209 (4,359)

(12,558) 60,112

246

200

204

208

212

216

67,666

52,922

55,160

56,945

58,728

59,981

61,271

Borrowing Proceeds

-

150,600

130,000

20,600

-

-

-

-

1,051,629 $

1,333,721 $

1,315,515 $

1,258,529 $

1,271,806 $

1,317,412 $

1,358,839 $

1,440,174 $

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

90