City of Surrey's 2024 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

$3,500

$3,000

$2,500

$2,000

$1,500

$1,000

$500

$0

2020

2021

2022

2023

2024

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 $3,160 in 2024 (2023: $2,949).

Debt Servicing Costs Compared to General Taxation Revenue

2024 Debt Servicing Costs Compared to General Taxation Revenue (in thousands)

Source: City of Surrey Finance Department

Debt Servicing Costs Funded by General Taxation Revenue, $18,719

3%

General Taxation Revenue Net of Debt Servicing Costs, $539,641

97%

110