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

EXPENDITURE SUMMARY

ACTUAL

ACTUAL

BUDGET BUDGET

Departmental Expenditures General Operating - Departmental Expenditures General Operating - Council Initiative Fund

$

418,352

$

504,300

$

493,815

508,445 $

$

516,855

$

528,441

$

540,144

$

549,471

11

14

260

260

260

260

260

260

Utilities Operating Expenditures

211,655 136,354

222,183 142,707

218,745 142,206

234,497 144,029

255,576 145,204

278,564 148,779

305,352 148,602

346,568 147,489

Capital - Amortization

Other Entities (including Consolidation adjustments)

3,070

(980)

1,240

1,153

1,030

1,035

834

838

769,442

868,224

856,266

888,384

918,925

957,079

995,192

1,044,626

Fiscal Services & Debt Interest General Operating

7,887 1,814 9,701

7,611 1,770 9,381

7,253 1,770 9,023

9,508 1,724

9,220 1,675

7,932 1,623 9,555

7,938 1,569 9,507

9,209 1,513

Utilities Operating

11,232

10,895

10,722

Capital Expenditures Capital Contributed Assets

510,721 100,000

478,898 100,000

402,682 100,000

404,470 100,000

375,748 100,000

372,150 100,000

244,586 138,603

211,542 160,616

Other Entities (including Consolidation adjustments)

8,263

472

1,600

436

445

454

463

472

391,452

372,630

612,321

579,334

503,127

504,924

476,211

472,622

Municipal Debt Principal General Operating

4,682

4,682

4,682

9,514

9,895

10,014

10,014

10,014

Utilities Operating

844

888

888

935

983

1,035

1,089

1,146

5,526

5,570

5,570

10,449

10,878

11,049

11,103

11,160

Transfer To (From) Capital Sources General Operating

(65,997) (57,693) (5,672)

(126,357) (67,435)

73,958 57,177

51,007 55,044 14,721

49,845 58,843 14,996

49,216 64,135 18,042

41,181 70,536 16,398

38,268 76,385 16,398

Utilities Operating

Internal Borrowing To/(From) Reserves

23,874

1,049

Reserves and Capital

25,720

149,452 (20,466)

(254,894) (122,710)

(323,846) (203,074)

(282,021) (158,337)

(293,743) (162,350)

(280,708) (152,593)

(268,089) (137,038)

(103,642)

Transfer To (From) Operating Sources General Operating

50,394 13,284

(36,810)

(5,002) 13,886 (1,500) (2,339)

8,573

22,473 16,391 (1,500) (1,046)

31,886 17,825 (1,500) (1,056)

51,248 20,531 (1,500)

65,765 24,686 (1,500)

Utilities Operating Other Reserve Funds

7,966

16,295 (1,500) (1,164) 22,204

(72,219) (12,309) (20,850)

98,096 29,130 98,382

Other Entities (including Consolidation adjustments)

(860)

(869)

5,045

36,318

47,155

69,419

88,082

Unspecified Capital Budget Authority

-

-

(50,000)

(50,000)

(50,000)

(50,000)

(50,000)

(50,000)

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

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