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To be read in conjunction with the Notes and Schedules to the Financial Statements
As at December 31, 2015, with comparative figures for 2014
Surrey Public Library
2015 Budget
2015
2014
(note 9)
ANNUAL DEFICIT
$ (641,000)
$ (209,592)
$ (184,560)
Acquisition of tangible capital assets
(2,100,000)
(1,778,229)
(1,874,224)
Amortization of tangible capital assets
2,741,000
2,033,099
2,035,991
-
45,278
(22,793)
Acquisition of prepaid expenses
-
(95,086)
(33,758)
Use of prepaid expenses
-
33,758
34,665
-
(61,328)
907
CHANGE IN NET DEBT
$
-
$ (16,050)
$ (21,886)
Net Debt, beginning of year
(126,758)
(126,758)
(104,872)
Net Debt, end of year
$ (126,758)
$ (142,808)
$ (126,758)
STATEMENT OF CHANGE IN NET DEBT