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SCHEDULE 2
STATEMENT OF OPERATIONS
BY FUND
SURREY PUBLIC LIBRARY
For the year ended December 31, 2016, with comparative figures for 2015
Operating
Fund
Capital
Fund
2016
2015
REVENUES
City of Surrey operating grant
$ 14,932,712
$
-
$ 14,932,712
$ 14,562,579
City of Surrey capital grant
-
1,337,528
1,337,528
1,512,255
Provincial and federal grants (Note 6)
972,843
-
972,843
970,516
Neighborhood community plan
-
508,720
508,720
152,965
Fines and fees
536,313
-
536,313
544,273
Other
113,752
24,553
138,305
337,613
16,555,620
1,870,801
18,426,421
18,080,201
EXPENSES
Salaries and benefits
13,281,634
-
13,281,634
12,969,416
Site operations
1,577,399
-
1,577,399
1,556,868
Library materials collection
942,159
-
942,159
844,376
Supplies and materials
236,438
-
236,438
295,880
Inter-library services
134,283
-
134,283
135,092
Professional services
226,099
-
226,099
262,811
Other
161,351
-
161,351
192,251
Amortization
-
1,989,013
1,989,013
2,033,099
16,559,363
1,989,013
18,548,376
18,289,793
ANNUAL DEFICIT
(3,743)
(118,212)
(121,955)
(209,592)
Accumulated Surplus (Deficit), beginning of year
(47,722)
5,418,102
5,370,380
5,579,972
Accumulated Surplus (Deficit), end of year
$ (51,465)
$ 5,299,890
$ 5,248,425
$ 5,370,380