City of Surrey's 2023 Annual Financial Report

STATISTICAL REVIEW

Consolidated Revenues (in thousands)

Source: City of Surrey Finance Department

2023

2019

2020

2021

2022

Taxation Revenue Property taxes Drainage parcel taxes Grants-in-lieu of taxes

$

477,058 96,557 26,113

$

363,342 56,426 18,539

$

384,807 57,815 19,500

$

400,630 91,189 25,632

$

416,702 93,965

21,751

345

Other

498

959

949

589

Collections for other authorities Province of BC - School taxes Greater Vancouver Regional District

387,798 16,618 11,520 77,413 40,018

262,525

220,026 10,012

295,169 11,509

334,776 13,971 10,197 68,902 37,095 997,948 (464,941)

8,083 7,975

BC Assessment Authority

8,702

9,021

TransLink

50,333 28,939 796,660 (357,855)

56,236 23,728 781,785 (318,704)

60,400 40,157 934,656 (416,256) 518,400

Other

1,133,440 (533,366)

Collections for other authorities

$

600,073

$

438,805 $

463,081 $

$

533,006

Sale of Goods and Services Application fees

$

6,020

$

4,844

$

4,519 7,641

$

5,526 9,915

$

5,525

28,785 231,624 74,709 341,138

Recreation and culture Utility rates and fees

27,310 181,123 53,428 266,705

21,932 207,343 67,148 301,948

187,242 55,151 254,553

201,150 59,399 275,990

Other

$

$

$

$

$

Development Cost Charges

$

62,625

$

76,830

$

55,377

$

44,991

$

122,761

Developer Contributions

$

273,323

$

218,080

$

155,931

$

208,220

$

251,365

Investment Income

$

85,179

$

28,643

$

19,407

$

18,015

$

40,003

Transfers from Other Governments Provincial government and other

$

158,546 41,558

$

33,798

$

40,906

$

35,905 13,934

$

63,710 12,478

Federal government

1,669

2,262

$

200,104

$

35,467

$

43,168

$

49,839

$

76,188

Other Licenses and permits Leases and rentals

$

47,925 17,894 10,089

$

36,898 13,399

$

38,976 12,474

$

40,746 12,948

$

44,319 15,371 7,572 13,123 25,684

Penalities and interest on taxes

6,402 5,898 4,659 4,780

5,390 3,780

7,036 6,158

5,294 6,906

Miscellaneous

Gain on sale of assets

(686)

778

-

Gain on sales of development properties

178

-

-

$

88,108

$

72,036

$

60,112 $

67,666

$

105,513

TOTAL REVENUES

$

$1,650,550

$

1,136,566

$

1,051,629

$

1,183,121

$

1,430,784

Certain comparative information has been reclassified to conform to the financial statement presentation adopted in the current year.

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