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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
96
STATEMENT OF CHANGE
IN NET DEBT
SURREY PUBLIC LIBRARY
2016
Budget
2016
2015
(Note 9)
ANNUAL DEFICIT
$ (54,000)
$ (121,955)
$ (209,592)
Acquisition of tangible capital assets
(2,100,000)
(1,870,801)
(1,778,229)
Amortization of tangible capital assets
2,154,000
1,989,013
2,033,099
-
(3,743)
45,278
Acquisition of prepaid expenses
-
(34,799)
(95,086)
Use of prepaid expenses
-
95,086
33,758
-
60,287
(61,328)
CHANGE IN NET DEBT
$
-
$ 56,544
$ (16,050)
Net Debt, beginning of year
(142,808)
(142,808)
(126,758)
Net Debt, end of year
$ (142,808)
$ (86,264)
$ (142,808)