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To be read in conjunction with the Notes and Schedules to the Financial Statements
As at December 31, 2016, with comparative figures for 2015
94
STATEMENT OF
FINANCIAL POSITION
SURREY PUBLIC LIBRARY
2016
2015
FINANCIAL ASSETS
Due from the City of Surrey
(Note 2)
$
2,052,772
$
1,811,571
2,052,772
1,811,571
LIABILITIES
Employee future benefits
(Note 3)
2,080,093
1,908,872
Deferred revenue
(Note 4)
58,943
45,507
2,139,036
1,954,379
NET DEBT
(86,264)
(142,808)
NON FINANCIAL ASSETS
Tangible capital assets
(Note 5)
5,299,890
5,418,102
Prepaid expenses
34,799
95,086
5,334,689
5,513,188
ACCUMULATED SURPLUS
(Note 7)
$
5,248,425
$
5,370,380
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Surinder Bhogal
Chief Librarian
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Karen Reid Sidhu
Chairperson