2015 Financial Annual Report

Surrey Public Library

Schedule 2 STATEMENT OF OPERATIONS BY FUND

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

Operating Fund

Capital Fund

2014

2015

REVENUES

City of Surrey operating grant

$ 14,562,579

$

-

$ 13,852,913

$ 14,562,579

City of Surrey capital grant

-

1,512,255

1,206,768

1,512,255

Provincial and federal grants (note 6)

970,516

-

933,231

970,516

Neighborhood community plan contributions

-

152,965

667,400

152,965

Fines and fees

544,273

-

567,382

544,273

Other

224,568

113,045

164,326

337,613

16,301,936

1,778,265

17,392,020

18,080,201

EXPENSES

Salaries and benefits

12,969,416

-

12,411,105

12,969,416

Site operations

1,556,868

-

1,482,872

1,556,868

Library materials collection

844,376

-

795,110

844,376

Supplies and materials

295,880

-

296,047

295,880

Inter-library services

135,092

-

141,658

135,092

Professional services

262,811

-

226,088

262,811

Other

192,215

36

187,709

192,251

Amortization

-

2,033,099

2,035,991

2,033,099

16,256,658

2,033,135

17,576,580

18,289,793

ANNUAL DEFICIT

45,278

(254,870)

(184,560)

(209,592)

Accumulated Surplus (Deficit), beginning of year

(93,000)

5,672,972

5,764,532

5,579,972

Accumulated Surplus (Deficit), end of year

$ (47,722)

$ 5,418,102

$ 5,579,972

$ 5,370,380

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