Annual Report 2014

Surrey Public Library

Statement of Operations

For the year ended December 31, 2014, with comparative figures for 2013

2014

2014 Budget

2013

(note 9)

REVENUES City of Surrey grant

$ 15,971,000 $ 15,059,681 $ 15,331,870

933,231

Provincial and federal grants (note 6)

916,500

984,788

667,400

Neighborhood community plan contributions

-

-

567,382

Fines and fees

636,500

579,684

164,326

Other

54,455

159,341

17,392,020

17,578,455

17,055,683

EXPENSES Salaries and benefits

12,411,105

12,666,000

12,190,982

1,482,872

Site operations

1,446,786

1,497,931

795,110

Library materials collection

709,000

740,174

296,047

Supplies and Materials

263,669

264,328

141,658

Inter-library services

160,000

141,051

226,088

Professional services

156,000

154,299

187,709

Other

177,000

178,794

2,035,991

Amortization

2,492,000

2,049,050

17,576,580

18,070,455

17,216,609

ANNUAL DEFICIT (note 9)

(492,000)  $ (184,560)  $ (160,926)

$

5,764,532

5,925,458

Accumulated Surplus, beginning of year

-

- $ 5,579,972 $ 5,764,532

Accumulated Surplus, end of year (note 7)

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

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