City of Surrey's 2022-2026 Financial Plan

TABLE OF CONTENTS

EXECUTIVE OVERVIEW

Reader’s Guide

2

Message from the CFO/General Manager, Finance

4

Approved Supplemental Funding Information

10

Budget Summary

11

Strategic Framework

12

Financial Planning Process

18

COMMUNITY PROFILE

Surrey’s History

24

Population and Growth Statistics

30

Business and Industry

33

Taxes, Utilities, and Assessments

38

Educational Services

40

Health and Safety Services

42

ORGANIZATIONAL PROFILE City Government and Administration

50

Organizational Objectives

53

Organizational Governance

56

Integrated Planning Model

61

City of Surrey Corporate Functions

62

Staffing Complement

63

FINANCIAL OVERVIEW Economic Overview

68

Major Revenue Sources

75

Debt

82

Source and Application of Funds

84

Overview of Fund Structure

86

Consolidated Financial Summary

90

GENERAL OPERATING FUNDS

OVERVIEW

106

FINANCIAL SUMMARY

107

Mayor, Council and Grants

115

City Manager

127

City of Surrey | 2022—2026 Financial Plan | Table of Contents

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