Financial Documents

Throughout the year, the City produces various financial reports like the Five-Year Financial Plan and Quarterly Financial Reports to Council. View the latest financial documents.

The City of Surrey produces various financial reports each year, including Quarterly Financial Reports, Five-Year Financial Plan, Annual Financial Report (Annual Municipal Report) and Statements of Financial Information (SOFI).

We make these reports public as part of our commitment to public accountability and transparency. As a result of these efforts, we were proud to be the recipients of the following Government Finance Officers Association awards: Distinguished Budget Presentation Award, Canadian Award for Financial Reporting and Popular Annual Financial Reporting Award.

The following reports are available on this page:

Upcoming Financial Plan
Quarterly Financial Report
Five-Year Financial Plan
Annual Financial Reports and Annual Financial Report Highlights
Statement of Financial Information (SOFIs)

Finance Committee Reports for April 22, 2024 Meeting

These reports will be considered at the Finance Committee meeting of April 22, 2024.

Written questions and comments must be received by 12:00pm on Friday, April 19, 2024 and may be submitted in one of the following ways:

This report was considered at the Finance Committee meeting of January 29, 2024:

2024 Five-Year (2024-2028) Financial Plan - Utilities and Other Self-Funded Programs

Quarterly Financial Reports

A Quarterly Report is presented to Council three times a year. Quarterly reports are prepared to demonstrate public accountability by providing information on the City’s financial results.

These reports provide Council with an overview of the global, American, Canadian, and British Columbian economies, as well as Surrey’s economy, which is presented through development activity, permit and fee revenue, and business licence statistics. This report also includes the status of the City’s investment portfolio as well as an explanation of departmental variances to the Financial Plan (Annual Budget).

Financial Plan

The Five-Year Financial Plan provides detailed funding requirements over the next five years, and also articulates financial priorities and issues. It helps staff manage day-to-day operations by providing financial and policy information and by identifying financial and staffing resources available to provide services.

The Plan serves as a communication device that gives all readers a comprehensive look at the services provided by the City and the costs related to those services.

Annual Financial Reports

Pursuant to s.98 of the Community Charter, all municipalities are required to prepare an annual report. The Annual Financial Report (Annual Municipal Report) serves as an opportunity to communicate with citizens, stakeholders and others regarding the City’s activities, accomplishments and performance measures.

The Report also includes statistics and the City's audited financial statements.

The Annual Financial Report is presented at a public meeting before June 29 of each year, with the report made available for public inspection at least 14 days prior to that meeting. Find more information on the Ministry of Municipal Affairs – Local Government Financial Reporting website.

Statement of Financial Information

The Statement of Financial Information (SOFI) includes, for the year being reported, the City’s audited financial statements and information on:

remuneration paid to the Mayor and Council
remuneration paid to every employee who received more than $75,000
the amount paid to supplier of goods and/or services who received more than $25,000
all grants paid by the City

The SOFI is made available for public viewing by June 30 each year. Find more information on the Ministry of Municipal Affairs – Local Government Financial Reporting website.