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Major Revenue Sources
2017-2021 FINANCIAL PLAN
DEPARTMENTAL REVENUES
Examples of departmental revenues include items such as:
•
User fees - fees from recreation facilities, water, and solid waste removal;
•
Provincial revenue - traffic fine sharing, and Surrey Public Library grants;
•
Permit fees - fees from building permits, electrical permits, and road closure permits;
•
Licence revenue - fees from business licenses; and
•
Other fees - fees from enforcing by-laws and the sale of reports and maps.
Council approved an increase equivalent to an $82 increase in taxes on an average
single family dwelling for 2017.
RETURN ON INVESTMENT (INTEREST REVENUE
)
In 2016, the City’s investment portfolio achieved a return of 2.05%.
The City’s investments are classified as follows:
•
Money Market Portfolio for securities maturing within one year;
•
Intermediate Portfolio for securities maturing between one and two years; and
•
Bond Portfolio for securities whose maturity date is more than two years and less
than ten years.
In its purchase of investments, the City is subject to the Community Charter as well as its
own Investment Policy, approved by Council on May 6, 2013. The policy provides a
framework for the City to maximize returns with minimal risk.
Source: City of Surrey Finance Department
32.5%
23.1%
40.1%
4.4%
City of Surrey Investments by Portfolio
December 31, 2016
Bond
Intermediate
Money Market
Bank Balance
71