Financial Annual Report 2016

NOTESTOTHE FINANCIAL STATEMENTS SURREY PUBLIC LIBRARY

For the year ended December 31, 2016

6. GOVERNMENT TRANSFERS

The Government transfers reported on the Statement of Operations are:

2015

2016

Provincial grants: Operating

$

898,491

$

898,491

BC One Card

31,688

31,688

Resource Sharing

28,689

28,689

13,975

11,648

Literacy and Equity

$

972,843

$

970,516

Total revenues

7. ACCUMULATED SURPLUS

2015

2016

Tangible Capital Assets

$

5,299,890

$

5,418,102

Appropriated for Materials on Order

272,722

276,465

Unappropriated Surplus

173,338

173,338

(497,525)

(497,525)

Unfunded Employee Future Benefits

$

5,248,425

$

5,370,380

Total surplus

102