City of Surrey's 2023 Annual Financial Report

STATISTICAL REVIEW

Gross Debt Supported by Property Tax versus Total Debt (in millions) Gross Debt Supported by Property Tax versus Total Debt

Source: City of Surrey Finance Department

Gross Debt Supported by Property Taxes

Other Municipal Debt

Total Debt Including Internal Borrowing

Borrowing Capacity

$3,000

$2,500

$2,000

$1,500

$1,000

$500

$0

2019

2020

2021

2022

2023

Overlapping debt which represents the total debt of regional districts where the City of Surrey is a member and is jointly and severally liable, is not included. The City’s overlapping debt (in millions of dollars) was $2,949 in 2023 (2022: $3,131).

Debt Servicing Costs Compared to General Taxation Revenue

2023 Debt Servicing Costs Compared to General Taxation Revenue (in thousands)

Source: City of Surrey Finance Department

Debt Servicing Costs Funded by General Taxation Revenue, $31,179

6%

General Taxation Revenue Net of Debt Servicing Costs, $486,226

94%

114