2018 Annual Financial Report

NOTESTOTHE FINANCIAL STATEMENTS SURREY PUBLIC LIBRARY

For the year ended December 31, 2018

6. PROVINCIAL AND FEDERAL GRANTS

The grant revenue reported on the Statement of Operations includes:

2017

2018

Provincial grants: Operating

$

936,533 30,390 28,689

$

922,052 22,090 28,689

BC One Card

Resource Sharing Literacy and Equity

9,117

9,616

$ 1,004,729

Total revenues

$

982,447

7. ACCUMULATED SURPLUS

2017

2018

Tangible Capital Assets

$ 5,452,898

$ 5,387,966

Appropriated for Materials on Order

324,136 173,338 (497,525)

354,086 173,338 (497,525)

Unappropriated Surplus

Unfunded Employee Future Benefits

$ 5,452,847

Total surplus

$ 5,417,865

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