Annual Report 2014

Schedule 1 statement of financial position by fund Surrey Public Library

As at December 31, 2014, with comparative figures for 2013

Operating Fund

Capital Fund

2014

2013

FINANCIAL ASSETS Due from the City of Surrey (note 2)

- $ 1,689,350 $

$ 1,689,350 $

1,609,436

1,689,350

1,689,350

-

1,609,436

LIABILITIES Employee future benefits (note 3)

1,732,277

1,732,277

-

1,620,610

83,831

83,831

-

93,698

Deferred revenue (note 4)

1,816,108

1,816,108

-

1,714,308

Net Debt

(126,758)

(126,758)

-

(104,872)

NON-FINANCIAL ASSETS

5,672,972

Tangible capital assets (note 5)

-

5,672,972

5,834,739

33,758

Prepaid expenses

33,758

-

34,665

5,706,730

33,758

5,672,972

5,869,404

$ (93,000) $ 5,672,972 $ 5,579,972 $

Accumulated Surplus (Deficit)

5,764,532

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