City of Surrey's 2024 Annual Financial Report

STATISTICAL REVIEW

Consolidated Revenues (in thousands)

Source: City of Surrey Finance Department

2024

2020

2021

2022

2023

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

$

515,960 98,933 33,172

$

384,807 57,815 19,500

$

400,630 91,189 25,632

$

416,702 93,965

$

477,058 96,557

21,751

26,113

382

Other

959

949

589

345

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

424,640 19,309 12,441 98,722 62,629 1,266,188 (617,741)

220,026 10,012

295,169 11,509

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

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

BC Assessment Authority

8,702

9,021

TransLink

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

$

648,447

$

463,081 $

$

533,006

$

600,073

Sale of Goods and Services Application fees

$

2,434

$

4,519 7,641

$

5,526 9,915

$

5,525

$

6,020

30,955 253,922 85,687 372,998

Recreation and culture Utility rates and fees

21,932 207,343 67,148

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

187,242 55,151 254,553

201,150 59,399 275,990

Other

$

$

$

$

301,948 $

Development Cost Charges

$

106,775

$

55,377

$

44,991

$

122,761

$

62,625

Developer Contributions

$

266,473

$

155,931

$

208,220

$

251,365

$

273,323

Investment Income

$

111,917

$

19,407

$

18,015

$

40,003

$

85,179

Transfers from Other Governments Provincial government and other

$

88,847 52,640

$

40,906

$

35,905 13,934

$

63,710 12,478

$

158,546 41,558

Federal government

2,262

$

141,487

$

43,168

$

49,839

$

76,188

$

200,104

Other Licenses and permits Leases and rentals

$

46,494 19,127 13,570 6,987 2,340

$

38,976 12,474

$

40,746 12,948

$

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

$

47,925 17,894 10,089 5,294 6,906

Penalties and interest on taxes

5,390 3,780

7,036 6,158

Miscellaneous

Gain on sale of assets

(686)

778

Gain on sales of development properties

178

-

-

-

-

$

88,518

$

60,112 $

67,666

$

105,513 $

88,108

$

1,736,615

$

1,051,629

$

1,183,121

$

1,430,784

$

$1,650,550

TOTAL REVENUES

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

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