2018 Annual Financial Report

SCHEDULE 2 UNAUDITED STATEMENT OF OPERATIONS - BY FUND SURREY PUBLIC LIBRARY

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

Operating Fund

Capital Fund

2017

2018

REVENUES City of Surrey operating grant

$ 16,477,389

$

-

$ 15,454,894

$ 16,477,389

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

-

1,844,321

1,900,056 1,004,729

1,844,321

982,447

-

982,447 100,000 626,543

-

100,000

191,300 601,952 113,314

Fines and fees

626,543

-

Other

86,769

6,304

93,073

18,173,148

1,950,625

19,266,245

20,123,773

EXPENSES

Salaries and benefits

14,358,595 1,829,316 1,082,291

- - - - - - -

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

14,358,595 1,829,316 1,082,291

Site operations

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

307,601 132,568 235,893 196,934

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

307,601 132,568 235,893 196,934

Other

Amortization

-

2,015,557 2,015,557

1,960,601

2,015,557

18,143,198

19,061,823

20,158,755

ANNUAL SURPLUS (DEFICIT) Accumulated Surplus, beginning of year

$

29,950

$

(64,932)

$

204,422

$

(34,982)

(51)

5,452,898 5,387,966

5,248,425 5,452,847

5,452,847 5,417,865

Accumulated Surplus, end of year

$

29,899

$

$

$

102