City of Surrey 2016 Annual Report

SCHEDULE 2 STATEMENT OF OPERATIONS BY FUND SURREY PUBLIC LIBRARY

For the year ended December 31, 2016, with comparative figures for 2015

Operating Fund

Capital Fund

2015

2016

REVENUES

City of Surrey operating grant City of Surrey capital grant

$ 14,932,712

$

-

$ 14,562,579

$ 14,932,712

-

1,337,528

1,512,255

1,337,528

Provincial and federal grants (Note 6)

972,843

-

970,516 152,965 544,273 337,613

972,843 508,720 536,313 138,305

Neighborhood community plan

-

508,720

Fines and fees

536,313 113,752

-

Other

24,553

16,555,620

1,870,801

18,080,201

18,426,421

EXPENSES

Salaries and benefits

13,281,634

- - - - - - -

12,969,416

13,281,634

Site operations

1,577,399

1,556,868

1,577,399

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

942,159 236,438 134,283 226,099 161,351

844,376 295,880 135,092 262,811 192,251

942,159 236,438 134,283 226,099 161,351

Other

Amortization

-

1,989,013 1,989,013

2,033,099

1,989,013

16,559,363

18,289,793

18,548,376

ANNUAL DEFICIT

(3,743)

(118,212)

(209,592)

(121,955)

Accumulated Surplus (Deficit), beginning of year

(47,722)

5,418,102

5,579,972

5,370,380

Accumulated Surplus (Deficit), end of year

$ (51,465)

$ 5,299,890

$ 5,370,380

$ 5,248,425

106