City of Surrey's 2022-2026 Financial Plan

CONSOLIDATED FINANCIAL SUMMARY—SIGNIFICANT CHANGES (in thousands)

2021 ADOPTED BUDGET

$

-

REVENUES Taxation General Operating Assessment Growth Taxation Rate Increase

………………………………

$

1,843

……………………………… 11,618

Other Assessment Adjustments

……………………………… ……………………………… ………………………………

1,131

Capital Parcel Tax

494

Grants in lieu

(10)

$

15,076

Utilities

1,381

16,457

Sale of Goods and Services General Operating Corporate

……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ………………………………

1,107

City Manager

-

Corporate Services (including Bylaws)

(358)

Engineering Services

162

Finance

12

Fire

1,309

Parks, Recreation & Culture Planning & Development

4

102

Police

35

Surrey Public Library

-

2,373

Utilities

13,642

Reserves and Capital/Other Entities

-

16,015

Development Cost Charges and Developer Contributions

56,759

Investment Income

4,828

Transfers from Other Governments General Operating Corporate

………………………………

1,471

1,471

Utilities

537

Reserves and Capital/Other Entities

(45,891)

(43,883)

Other Revenue General Operating Corporate

……………………………… ……………………………… ……………………………… ……………………………… ……………………………… ………………………………

1,279

Corporate Services (including Bylaws)

650

Engineering Services

(110) (104)

Finance

Planning & Development Surrey Public Library

488

(256)

1,947

Utilities

337

Reserves and Capital/Other Entities

(46)

2,238

Borrowing Proceeds

(109,400)

$ (56,986)

Total Change in Revenue

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

93