2015 Financial Annual Report

Surrey Public Library

STATEMENT OF FINANCIAL POSITION

As at December 31, 2015, with comparative figures for 2014

2014

2015

FINANCIAL ASSETS Due from the City of Surrey (note 2)

$

1,689,350

$

1,811,571

1,689,350

1,811,571

LIABILITIES Employee future benefits (note 3)

1,732,277

1,908,872

Deferred revenue (note 4)

83,831

45,507

1,816,108

1,954,379

NET DEBT

(126,758)

(142,808)

NON-FINANCIAL ASSETS Tangible capital assets (note 5)

5,672,972

5,418,102

Prepaid expenses

33,758

95,086

5,706,730

5,513,188

ACCUMULATED SURPLUS (note 7)

$

5,579,972

$

5,370,380

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Melanie Houlden Chief Librarian

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Upkar Tatlay Chairperson

To be read in conjunction with the Notes and Schedules to the Financial Statements

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