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Surrey Public Library
For the year ended December 31, 2015, with comparative figures for 2014
Schedule 2
STATEMENT OF OPERATIONS BY FUND
Operating
Fund
Capital
Fund
2015
2014
REVENUES
City of Surrey operating grant
$ 14,562,579
$
-
$ 14,562,579
$ 13,852,913
City of Surrey capital grant
-
1,512,255
1,512,255
1,206,768
Provincial and federal grants
(note 6)
970,516
-
970,516
933,231
Neighborhood community plan contributions
-
152,965
152,965
667,400
Fines and fees
544,273
-
544,273
567,382
Other
224,568
113,045
337,613
164,326
16,301,936
1,778,265
18,080,201
17,392,020
EXPENSES
Salaries and benefits
12,969,416
-
12,969,416
12,411,105
Site operations
1,556,868
-
1,556,868
1,482,872
Library materials collection
844,376
-
844,376
795,110
Supplies and materials
295,880
-
295,880
296,047
Inter-library services
135,092
-
135,092
141,658
Professional services
262,811
-
262,811
226,088
Other
192,215
36
192,251
187,709
Amortization
-
2,033,099
2,033,099
2,035,991
16,256,658
2,033,135
18,289,793
17,576,580
ANNUAL DEFICIT
45,278
(254,870)
(209,592)
(184,560)
Accumulated Surplus (Deficit), beginning of year
(93,000)
5,672,972
5,579,972
5,764,532
Accumulated Surplus (Deficit), end of year
$ (47,722)
$ 5,418,102
$ 5,370,380
$ 5,579,972