2015 Financial Annual Report

Surrey Public Library

STATEMENT OF OPERATIONS

For the year ended December 31, 2015, with comparative figures for 2014

2015 Budget

2014

2015

(note 9)

REVENUES

City of Surrey grant

$ 16,806,000

$ 15,059,681

$ 16,074,834

Provincial and federal grants (note 6)

933,500

933,231

970,516

Neighborhood community plan contributions

-

667,400

152,965

Fines and fees

580,000

567,382

544,273

Other

47,250

164,326

337,613

18,366,750

17,392,020

18,080,201

EXPENSES Salaries and benefits

13,213,360

12,411,105

12,969,416

Site operations

1,485,721

1,482,872

1,556,868

Library materials collection

744,000

795,110

844,376

Supplies and materials

279,669

296,047

295,880

Inter-library services

148,000

141,658

135,092

Professional services

202,000

226,088

262,811

Other

194,000

187,709

192,251

Amortization

2,741,000

2,035,991

2,033,099

19,007,750

17,576,580

18,289,793

ANNUAL DEFICIT

$ (641,000)

$ (184,560)

$ (209,592)

Accumulated Surplus, beginning of year

-

5,764,532

5,579,972

Accumulated Surplus, end of year (note 7)

-

$ 5,579,972

$ 5,370,380

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

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