City of Surrey 2017 - 2021 Financial Plan

CAPITAL PROGRAM CAPITAL PLANNING PROCESS

Surrey has grown significantly over the last 30 years, evolving from a primarily agricultural community to a largely urban residential and business region. This change has increased the City’s portfolio of public responsibilities. Historically, Council made capital planning decisions based on the recommendations of Finance staff, which were in turn based on evaluation of the relative merit of projects described in departmental planning documents. Finance tried to distribute capital resources fairly among departments and geographic regions. This approach was effective when the City was relatively small. As the City has grown, it has put into place a more formal capital planning process. The formal process, depicted below, involves using a model to rank projects and to develop a Long-Term Capital Plan (“LTCP”).

CITIZENS

Council Direction

Departmental Plans

COMPILE & CLASSIFY PROJECTS

Sustaining  Capital

Statutory  Reserve

Large Scale Capital

Capital  Planning  Model

Council  Priorities

Projects Not  Ranked

IT Assets, Fleet

Sewer, Water,  DCC's

Project  Ranking

Capital Long‐Term  Committee 

SEEK GUIDANCE Preliminary Long‐ Term Capital Plan

Council Debate &  Direction

Adopted LTCP

Council Decision

2017-2021 FINANCIAL PLAN

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