2015 City of Surrey Annual Report

107

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

2014

CASH PROVIDED BY (USED IN):

OPERATIONAL ACTIVITY

Annual Deficit

(209,592)

(184,560)

Items not involving cash

Amortization expense

2,033,099

2,035,991

Employee future benefits expense

(note 3)

246,995

221,667

Change in non-cash assets and liabilities

Decrease(Increase) in prepaid expenses

(61,328)

907

Increase(Decrease) in deferred revenue

(38,324)

(9,867)

Increase in Due from the City of Surrey

(122,221)

(79,914)

Employee Future Benefits paid by the City of Surrey

(note 3)

(70,400)

(110,000)

Net change in cash from operating activities

1,778,229

1,874,224

CAPITAL ACTIVITY

Cash used to acquire tangible capital assets

(1,778,229)

(1,874,224)

Net change in cash from capital activity

(1,778,229)

(1,874,224)

Net change in cash

Cash, beginning of year

Cash, end of year

STATEMENT OF CASH FLOWS