City of Surrey 2016 Annual Report

STATEMENT OF FINANCIAL POSITION SURREY PUBLIC LIBRARY

As at December 31, 2016, with comparative figures for 2015

2015

2016

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

$

1,811,571 1,811,571

$

2,052,772 2,052,772

LIABILITIES Employee future benefits (Note 3)

1,908,872

2,080,093

Deferred revenue (Note 4)

45,507

58,943

1,954,379

2,139,036

NET DEBT

(142,808)

(86,264)

NON FINANCIAL ASSETS Tangible capital assets (Note 5)

5,418,102

5,299,890

Prepaid expenses

95,086

34,799

5,513,188 5,370,380

5,334,689

ACCUMULATED SURPLUS (Note 7)

$

$

5,248,425

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Surinder Bhogal Chief Librarian

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Karen Reid Sidhu Chairperson

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

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