2018 Annual Financial Report

STATEMENT OF SURREY PUBLIC LIBRARY  CASH FLOWS

For the year ended December 31, 2018, with comparative figures for 2017

2017

2018

CASH PROVIDED BY (USED IN): OPERATIONAL ACTIVITY Annual Surplus (Deficit)

$

204,422

$

(34,982)

Items not involving cash Amortization expense

1,960,601

2,015,558

Employee future benefits expense (Note 3) Change in non-cash assets and liabilities Increase in prepaid expenses Increase (Decrease) in deferred revenue

115,312

134,195

(49,945) (16,003) (56,778) (44,000) 2,113,609

(35,433)

37,474

Increase in Due from the City of Surrey

(108,086)

Employee future benefits (Note 3)

(58,100)

Net change in cash from operating activities

1,950,626

CAPITAL ACTIVITY Cash used to acquire tangible capital assets

(2,113,609) (2,113,609)

(1,950,626) (1,950,626)

Net change in cash from capital activity

$

- - -

Net change in cash

$

- - -

Cash, beginning of year

Cash, end of year

$

$

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

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