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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