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To be read in conjunction with the Notes and Schedules to the Financial Statements
For the year ended December 31, 2015, with comparative figures for 2014
Surrey Public Library
2015 Budget
2015
2014
REVENUES
(note 9)
City of Surrey grant
$ 16,806,000
$ 16,074,834
$ 15,059,681
Provincial and federal grants
(note 6)
933,500
970,516
933,231
Neighborhood community plan contributions
-
152,965
667,400
Fines and fees
580,000
544,273
567,382
Other
47,250
337,613
164,326
18,366,750
18,080,201
17,392,020
EXPENSES
Salaries and benefits
13,213,360
12,969,416
12,411,105
Site operations
1,485,721
1,556,868
1,482,872
Library materials collection
744,000
844,376
795,110
Supplies and materials
279,669
295,880
296,047
Inter-library services
148,000
135,092
141,658
Professional services
202,000
262,811
226,088
Other
194,000
192,251
187,709
Amortization
2,741,000
2,033,099
2,035,991
19,007,750
18,289,793
17,576,580
ANNUAL DEFICIT
$ (641,000)
$ (209,592)
$ (184,560)
Accumulated Surplus, beginning of year
-
5,579,972
5,764,532
Accumulated Surplus, end of year
(note 7)
-
$ 5,370,380
$ 5,579,972
STATEMENT OF OPERATIONS