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To be read in conjunction with the Notes and Schedules to the Financial Statements
For the year ended December 31, 2016, with comparative figures for 2015
95
STATEMENT OF
SURREY PUBLIC LIBRARY
OPERATIONS
2016
Budget
2016
2015
(Note 9)
REVENUES
City of Surrey grant
$ 16,909,000
$ 16,270,240
$ 16,074,834
Provincial and federal grants
(Note 6)
970,500
972,843
970,516
Neighborhood community plan
-
508,720
152,965
Fines and fees
495,000
536,313
544,273
Other
47,500
138,305
337,613
18,422,000
18,426,421
18,080,201
EXPENSES
Salaries and benefits
13,368,333
13,281,634
12,969,416
Site operations
1,528,174
1,577,399
1,556,868
Library materials collection
744,000
942,159
844,376
Supplies and materials
307,163
236,438
295,880
Inter-library services
140,000
134,283
135,092
Professional services
192,000
226,099
262,811
Other
42,330
161,351
192,251
Amortization
2,154,000
1,989,013
2,033,099
18,476,000
18,548,376
18,289,793
ANNUAL DEFICIT
$ (54,000)
$ (121,955)
$ (209,592)
Accumulated Surplus, beginning of year
5,370,380
5,370,380
5,579,972
Accumulated Surplus, end of year
(Note 7)
5,316,380
$ 5,248,425
$ 5,370,380