Financial Annual Report 2016

STATEMENT OF SURREY PUBLIC LIBRARY OPERATIONS

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

2016 Budget

2015

2016

(Note 9)

REVENUES City of Surrey grant

$ 16,909,000

$ 16,074,834

$ 16,270,240

Provincial and federal grants (Note 6)

970,500

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

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

Neighborhood community plan

-

Fines and fees

495,000

Other

47,500

18,422,000

18,080,201

18,426,421

EXPENSES Salaries and benefits

13,368,333

12,969,416

13,281,634

Site operations

1,528,174

1,556,868

1,577,399

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

744,000 307,163 140,000 192,000

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

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

Other

42,330

Amortization

2,154,000

2,033,099

1,989,013

18,476,000

18,289,793

18,548,376

ANNUAL DEFICIT

$ (54,000)

$ (209,592)

$ (121,955)

Accumulated Surplus, beginning of year Accumulated Surplus, end of year (Note 7)

5,370,380 5,316,380

5,579,972

5,370,380

$ 5,370,380

$ 5,248,425

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

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