2017 Finance Annual Report

SCHEDULE 2 UNAUDITED STATEMENT OF OPERATIONS BY FUND SURREY PUBLIC LIBRARY

For the year ended December 31, 2017, with comparative figures for 2016

Operating Fund

Capital Fund

2016

2017

REVENUES City of Surrey operating grant

$ 15,454,894

$

-

$ 14,932,712

$ 15,454,894

City of Surrey capital grant Provincial and federal grants Neighbourhood community plan

-

1,900,056

1,337,528

1,900,056 1,004,729

1,004,729

-

972,843 508,720 536,313 138,305

-

191,300

191,300 601,952 113,314

Fines and fees

601,952

-

Other

91,061

22,253

17,152,636

2,113,609

18,426,421

19,266,245

EXPENSES

Salaries and benefits

13,532,634 1,734,880 1,040,067

- - - - - - -

13,281,634

13,532,634 1,734,880 1,040,067

Site operations

1,577,399

Library materials collection Supplies and materials Inter-library services Professional services

942,159 236,438 134,283 226,099 161,351

301,412 129,182 186,056 176,991

301,412 129,182 186,056 176,991

Other

Amortization

-

1,960,601 1,960,601

1,989,013

1,960,601

17,101,222

18,548,376

19,061,823

ANNUAL SURPLUS (DEFICIT) Accumulated Surplus (Deficit), beginning of year

51,414

153,008

(121,955)

204,422

(51,465)

5,299,890

5,370,380

5,248,425

Accumulated Surplus (Deficit), end of year

$

(51)

$ 5,452,898

$ 5,248,425

$ 5,452,847

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