115 / 144
105
SCHEDULE 1
STATEMENT OF FINANCIAL
POSITION BY FUND
SURREY PUBLIC LIBRARY
As at December 31, 2016, with comparative figures for 2015
Operating
Fund
Capital
Fund
2016
2015
FINANCIAL ASSETS
Due from the City of Surrey
(Note 2)
$ 2,052,772
$
-
$ 2,052,772
$ 1,811,571
2,052,772
-
2,052,772
1,811,571
LIABILITIES
Employee future benefits
(Note 3)
2,080,093
-
2,080,093
1,908,872
Deferred revenue
(Note 4)
58,943
-
58,943
45,507
2,139,036
-
2,139,036
1,954,379
NET DEBT
(86,264)
-
(86,264)
(142,808)
NON-FINANCIAL ASSETS
Tangible capital assets
(Note 5)
-
5,299,890
5,299,890
5,418,102
Prepaid expenses
34,799
-
34,799
95,086
34,799
5,299,890
5,334,689
5,513,188
Accumulated Surplus (Deficit)
(Note 7)
$ (51,465)
$ 5,299,890
$ 5,248,425
$ 5,370,380