City of Surrey 2016 Annual Report

SCHEDULE 1 STATEMENT OF FINANCIAL POSITION BY FUND SURREY PUBLIC LIBRARY

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

Operating Fund

Capital Fund

2015

2016

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

$ 2,052,772

$

- -

$ 1,811,571

$ 2,052,772

2,052,772

1,811,571

2,052,772

LIABILITIES Employee future benefits (Note 3)

2,080,093

- -

1,908,872

2,080,093

Deferred revenue (Note 4)

58,943

45,507

58,943

2,139,036

-

1,954,379

2,139,036

NET DEBT

(86,264)

-

(142,808)

(86,264)

NON-FINANCIAL ASSETS Tangible capital assets (Note 5)

-

5,299,890

5,418,102

5,299,890

Prepaid expenses

34,799 34,799

-

95,086

34,799

5,299,890

5,513,188

5,334,689

Accumulated Surplus (Deficit) (Note 7)

$ (51,465)

$ 5,299,890

$ 5,370,380

$ 5,248,425

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