2017 Finance Annual Report

STATEMENT OF CHANGE IN NET DEBT SURREY PUBLIC LIBRARY

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

2017 Budget

2016

2017

(Note 9)

ANNUAL SURPLUS (DEFICIT) Acquisition of tangible capital assets Amortization of tangible capital assets

$ 68,000

$ (121,955)

$ 204,422

(2,100,000)

(1,870,801)

(2,113,609)

2,032,000

1,989,013

1,960,601

- - - - -

(3,743)

51,414

Acquisition of prepaid expenses

(34,799)

(84,744)

Use of prepaid expenses

95,086 60,287

34,799

(49,945)

CHANGE IN NET DEBT

$

$ 56,544

$

1,469

Net Debt, beginning of year

(86,264)

(142,808)

(86,264)

Net Debt, end of year

$ (86,264)

$ (86,264)

$ (84,795)

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

88