2017 Finance Annual Report

NOTESTOTHE FINANCIAL STATEMENTS SURREY PUBLIC LIBRARY

For the year ended December 31, 2017

6. PROVINCIAL AND FEDERAL GRANTS

The grant revenue reported on the Statement of Operations includes:

2016

2017

Provincial grants: Operating

$

898,491 31,688 28,689 13,975 972,843

$

936,533 30,390 28,689

BC One Card

Resource Sharing Literacy and Equity

9,117

$

Total revenues

$ 1,004,729

7. ACCUMULATED SURPLUS

2016

2017

Tangible Capital Assets

$ 5,299,890

$ 5,452,898

Appropriated for Materials on Order

272,722 173,338 (497,525)

324,136 173,338 (497,525)

Unappropriated Surplus

Unfunded Employee Future Benefits

$ 5,248,425

Total surplus

$ 5,452,847

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