City of Surrey's 2022-2026 Financial Plan

CONSOLIDATED FINANCIAL SUMMARY—SIGNIFICANT CHANGES (in thousands)

2022 ADOPTED BUDGET

$

-

REVENUES Taxation General Operating Assessment Growth Taxation Rate Increase

……………………………… 16,253 $ ……………………………… 51,190

Other Assessment Adjustments

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

(400)

Capital Parcel Tax

1,574 1,989

Grants in lieu

$

70,606

Utilities

7,829

78,435

Sale of Goods and Services General Operating Corporate Services (including Bylaws)

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

154 718 158 446

Engineering Services

Finance

Fire

Parks, Recreation & Culture Planning & Development

3,671

349 119

Police

Corporate

2,942

8,557

Utilities

131,665

Reserves and Capital/Other Entities

-

140,222

Development Cost Charges and Developer Contributions

(15,178)

Investment Income

1,499

Transfers from Other Governments General Operating Police

……………………………… ………………………………

-

Corporate

2,279

2,279

Utilities

562

Reserves and Capital/Other Entities

(11,685)

(8,844)

Other Revenue General Operating Corporate Services (including Bylaws)

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

1,085

Engineering Services

300

Parks, Recreation & Culture Planning & Development

19

2,747 1,340

Corporate

5,491

Utilities

604

Reserves and Capital/Other Entities

16

6,111

Borrowing Proceeds

(20,600)

$ 181,645

Total Change in Revenue

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

95