2015 City of Surrey Annual Report
Surrey Public Library
STATEMENT OF FINANCIAL POSITION BY FUND Schedule 1
As at December 31, 2015, with comparative figures for 2014
Operating Fund
Capital Fund
2014
2015
FINANCIAL ASSETS Due from the City of Surrey (note 2)
$ 1,811,571
$
-
$ 1,689,350
$ 1,811,571
1,811,571
-
1,689,350
1,811,571
LIABILITIES Employee future benefits (note 3)
1,908,872
-
1,732,277
1,908,872
Deferred revenue (note 4)
45,507
-
83,831
45,507
1,954,379
-
1,816,108
1,954,379
NET DEBT
(142,808)
-
(126,758)
(142,808)
NON-FINANCIAL ASSETS Tangible capital assets (note 5)
-
5,418,102
5,672,972
5,418,102
Prepaid expenses
95,086
-
33,758
95,086
95,086
5,418,102
5,706,730
5,513,188
Accumulated Surplus (Deficit)
$ (47,722)
$ 5,418,102
$ 5,579,972
$ 5,370,380
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