2017 Finance Annual Report

SCHEDULE 1 UNAUDITED STATEMENT OF FINANCIAL POSITION BY FUND SURREY PUBLIC LIBRARY

As at December 31, 2017, with comparative figures for 2016

Operating Fund

Capital Fund

2016

2017

FINANCIAL ASSETS Due from the City of Surrey

$ 2,109,550

$

- -

$ 2,052,772

$ 2,109,550

2,109,550

2,052,772

2,109,550

LIABILITIES Employee future benefits

2,151,405

- - -

2,080,093

2,151,405

Deferred revenue

42,940

58,943

42,940

2,194,345

2,139,036

2,194,345

Net Debt

(84,795)

-

(86,264)

(84,795)

NON-FINANCIAL ASSETS Tangible capital assets

-

5,452,898

5,299,890

5,452,898

Prepaid expenses

84,744 84,744

-

34,799

84,744

5,452,898

5,334,689

5,537,642

ANNUAL SURPLUS (DEFICIT)

$

(51)

$ 5,452,898

$ 5,248,425

$ 5,452,847

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