City of Surrey's 2025 Annual Financial Report

STATISTICAL REVIEW

Consolidated Revenues (in thousands)

Source: City of Surrey Finance Department

2025

2021

2022

2023

2024

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

$

544,281 98,221 35,946

$

400,630 91,189 25,632

$

416,702 93,965

$

477,058 96,557

$

515,960 98,933 33,172

21,751

26,113

441

Other

949

589

345

382

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

12,899 113,527 20,014 439,249

295,169 11,509

334,776 13,971 10,197 68,902 37,094 997,947 (464,941)

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

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

BC Assessment Authority

9,021

TransLink

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

3,004

Other

1,267,582 (588,693)

1,133,440 (533,367)

Collections for other authorities

$

678,889

$

518,400

$

533,006

$

600,073

$

648,447

Sale of Goods and Services Application fees

$

4,052

$

5,526 9,915

$

5,525

$

6,020

$

2,434

33,185 299,252 98,537 435,026

Recreation and culture Utility rates and fees

21,932 207,343 67,148

28,785 231,624 74,709

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

201,150 59,399 275,990

Other

$

$

$

301,948 $

341,138 $

$

288,576

$

208,220

$

251,365

$

273,323

$

266,473

Developer Contributions

Investment Income

$

114,189

$

18,015

$

40,003

$

85,179

$

111,917

Transfers from Other Governments Provincial government and other

$

81,780 8,504

$

35,905 13,934

$

63,710 12,478

$

158,546 41,558

$

88,847 52,640

Federal government

$

90,284

$

49,839

$

76,188

$

200,104

$

141,487

$

65,415

$

44,991

$

122,761

$

62,625

$

106,775

Development Cost Charges

Other Licenses and permits Leases and rentals

$

50,367 21,948 15,430

$

40,746 12,948

$

44,319 15,371

$

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

$

46,494 19,127 13,570 6,987 2,340 88,518

Penalties and interest on taxes

7,036 6,158

7,572

7,916

Miscellaneous

12,567 25,684

334

Gain on sale of assets

778

$

95,995

$

67,666

$

105,513 $

88,108 $

$

1,768,374

$

1,183,121

$

1,430,784

$

$1,650,550

$

1,736,615

TOTAL REVENUES

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

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