2017 Finance Annual Report

STATEMENT OF SURREY PUBLIC LIBRARY  CASH FLOWS

For the year ended December 31, 2017, with comparative figures for 2016

2016

2017

CASH PROVIDED BY (USED IN): OPERATIONAL ACTIVITY Annual Surplus (Deficit)

$

(121,955)

$

204,422

Items not involving cash Amortization expense

1,989,013

1,960,601

Employee future benefits expense (Note 3) Change in non-cash assets and liabilities Decrease(Increase) in prepaid expenses Increase(Decrease) in deferred revenue Increase in Due from the City of Surrey

260,321

115,312

60,287 13,436

(49,945) (16,003) (56,778) (44,000)

(241,201)

Employee future benefits (Note 3)

(89,100)

Net change in cash from operating activities

1,870,801

2,113,609

CAPITAL ACTIVITY Cash used to acquire tangible capital assets

(1,870,801)

(2,113,609)

Net change in cash from capital activity

(1,870,801)

(2,113,609)

$

- - -

Net change in cash

$

- - -

Cash, beginning of year

Cash, end of year

$

$

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

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