WAPITI REGIONAL LIBRARY

Transcription

1 WAPITI REGIONAL LIBRARY Consolidated Financial Statements C.S. Skrupski CPA Professional Corporation

2 WAPITI REGIONAL LIBRARY Index to Consolidated Financial Statements Page MANAGEMENT'S RESPONSIBILITY FOR FINANCIAL REPORTING 1 INDEPENDENT AUDITOR'S REPORT 2 FINANCIAL STATEMENTS Consolidated Statement of Financial Position 3 Consolidated Statement of Operations 4 Consolidated Statement of Accumulated Surplus 5 Consolidated Statement of Changes in Net (Debt) Financial Assets 6 Consolidated Statement of Cash Flows 7 Notes to Consolidated Financial Statements 8-15 SCHEDULES OF OPERATIONS Regional Office (Schedule 1) 16 John M. Cuelenaere (Schedule 2) 17 Melfort (Schedule 3) 18 Reid-Thompson (Humboldt) (Schedule 4) 19 Nipawin (Schedule 5) 20 Tisdale (Schedule 6) 21 Hudson Bay (Schedule 7) 22 Rural Municipalities, Towns, and Villages (Schedule 8) 23 First Nations Contracts (Schedule 9) 24 Schedule of Expense Summary by Object (Schedule 10) 25 Schedule of Library Materials Expenditures (Schedule 11) 26 C.S. Skrupski CPA Professional Corporation

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6 WAPITI REGIONAL LIBRARY Consolidated Statement of Operations Budget REVENUE Provincial operating grant $ 1,014,600 $ 1,015,844 $ 1,014,600 Off-reserve services grant 55,940 56,011 55,940 Municipal levies 1,355,832 1,355,857 1,284,743 Provincial funding for Library Consortium - 28,184 11,690 Interest ,033 13,696 Donations 10,000 23,357 20,369 Other 111, , ,863 EXPENSES 2,548,223 2,850,200 2,664,901 Governance 28,268 15,666 35,389 Administration 320, , ,016 Services to branches 847, , ,168 Amortization 546, , ,666 Regional resource centres (JMC) 34,751 33, ,795 Area resource centres (Melfort, Humboldt, and "A" towns) 367, , ,068 Local branch services (Rural Municipalities, Towns, Villages, FN contracts) 525, , ,095 2,669,941 2,645,769 2,825,197 EXCESS (DEFICIENCY) OF REVENUE OVER EXPENSES $ (121,718) $ 204,431 $ (160,296) The accompanying notes are an integral part of these financial statements. C.S. Skrupski CPA Professional Corporation 4

7 WAPITI REGIONAL LIBRARY Consolidated Statement of Accumulated Surplus Accumulated Excess Accumulated Surplus (Deficiency) of Surplus Opening Revenue over Closing Balance Expenses Transfers Balance EXTERNALLY RESTRICTED CATEGORY RESERVES Regional Office $ - $ 206,393 $ (206,393) $ - John M. Cuelenaere (Prince Albert) 82, ,173 (299,498) 75,521 Melfort 47,041 15,706 (23,250) 39,497 Computer fund - - 1,174 1,174 Reid-Thompson (Humboldt) 45,982 28,252 (19,202) 55,032 Computer fund - - 1,024 1,024 Nipawin 62,601 36,499 (30,307) 68,793 Computer fund Tisdale 18,075 21,912 (20,311) 19,676 Computer fund Hudson Bay 19,698 11,603 (14,298) 17,003 Computer fund Rural Municipalities, Towns, Villages 193, ,638 (138,367) 211,066 Computer fund ,032 20,032 First Nations contracts computer fund , ,176 (726,912) 511,302 INVESTED IN TANGIBLE CAPITAL ASSETS 1,692,131 (511,663) 578,470 1,758,938 INTERNALLY RESTRICTED REGIONAL RESERVES SILS Automation 48, ,591 Building 116,492-22, ,183 Equipment 3, ,621 Vehicle 31, ,364 Marion Gilroy Bequest 110, ,898 Marion Sherman Bursary 15,267 - (750) 14,517 Contingency , , , , ,042 Invested in tangible capital assets 34,590 (21,753) (12,550) 287 Unappropriated surplus 15,771 (30,329) 20,182 5,624 Appropriated reserves 147,704 - (8,817) 138, ,065 (52,082) (1,185) 144,798 ACCUMULATED SURPLUS $ 2,686,466 $ 204,431 $ (8,817) $ 2,882,080 The accompanying notes are an integral part of these financial statements. C.S. Skrupski CPA Professional Corporation 5

8 WAPITI REGIONAL LIBRARY Consolidated Statement of Changes in Net (Debt) Financial Assets Excess (deficiency) of revenue over expenses $ 204,431 $ (160,296) Acquisition of tangible capital assets (578,901) (541,578) Amortization of tangible capital assets 533, ,666 Net disposal/write-down of tangible capital assets 4,164 31,679 Acquisition of prepaids (51,744) (44,759) Use of prepaids 44,759 20,839 Acquisition of inventory of supplies (14,395) (15,952) Use of inventory of supplies 15,952 16,215 Change in net (debt) financial assets 157,682 (147,186) Net (debt) financial assets, beginning of year 899,034 1,046,220 NET (DEBT) FINANCIAL ASSETS - END OF YEAR 1,056, ,034 The accompanying notes are an integral part of these financial statements. C.S. Skrupski CPA Professional Corporation 6

9 WAPITI REGIONAL LIBRARY Consolidated Statement of Cash Flows OPERATING TRANSACTIONS Excess (deficiency) of revenue over expenses $ 204,431 $ (160,296) Items not affecting cash: Amortization of tangible capital assets 533, ,666 Disposal/write-down of tangible capital assets (12,981) (9,580) Gain (loss) on disposal of tangible capital assets 17,145 41, , ,049 Changes in non-cash working capital: Accounts receivable 1,122 1,265 Accounts payable 11,922 (3,797) Deferred revenue (16,148) (5,939) Accrued vacation and overtime (9,199) 4,085 Employee future benefits payable (12,494) 8,743 Prepaid expenses (6,985) (23,920) Inventory of supplies 1, Deposits - (50,000) Due to Staffing Levels and Compensation Committee - (4,531) (30,226) (73,831) Cash flow from (used for) operating transactions 711, ,218 INVESTING TRANSACTIONS Purchase of tangible capital assets (578,901) (541,578) Purchase of investments (257,491) (215,472) Proceeds on disposal of investments 252, ,316 Cash flow from (used for) investing transactions (584,351) (554,734) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 127,434 (210,516) Cash and cash equivalents - beginning of year 676, ,880 CASH AND CASH EQUIVALENTS - END OF YEAR $ 803,798 $ 676,364 CASH AND CASH EQUIVALENTS CONSISTS OF: Cash and cash equivalents $ 803,798 $ 676,364 The accompanying notes are an integral part of these financial statements. C.S. Skrupski CPA Professional Corporation 7

10 WAPITI REGIONAL LIBRARY Notes to Consolidated Financial Statements 1. DESCRIPTION OF OPERATIONS Wapiti Regional Library (the "Regional Library") offers services and programs under the authority of The Public Libraries Act, 1996 (the "Act"). The Regional Library's Board of Directors plays an integral part in strategic direction and management guidance. The purpose of the Regional Library is to ensure the provision of library services as set out in the Act, within the boundaries of the Regional Library's region as established by regulation. The Regional Library is a registered charity and is therefore exempt from the payment of income tax, pursuant to Section 149 of the Income Tax Act. 2. BASIS OF PRESENTATION These consolidated financial statements include all the disclosures required under Canadian public sector accounting standards. Pursuant to Public Sector Accounting Board (PSAB) section government partnerships, Wapiti Regional Library has used proportionate consolidation to recognize the investment in Saskatchewan Information & Library Services Consortium (SILS). Wapiti Regional Library has a 10.17% ( %) interest in this organization. 3. SIGNIFICANT ACCOUNTING POLICIES Cash and cash equivalents Cash and cash equivalents are represented by cash on hand, balances with banks and short-term investments with maturities of three months or less. Investments Investments are recorded at the lower of cost and market value. Tangible capital assets Purchased tangible capital assets are recorded at cost. Contributed tangible capital assets are recorded at fair value at the date of contribution. Tangible capital assets are not amortized in the year purchased, and full amortization is charged in the year of disposal. Amortization is calculated using the straight-line method over the following estimated useful lives: Land non-amortizable Buildings 20 years straight-line method Computer workstations 3-5 years straight-line method Computer servers 5-8 years straight-line method Equipment 5 years straight-line method Furniture years straight-line method Materials asset pool 5 years straight-line method Vehicles 6-8 years straight-line method SILS assets 3, 4, and 8 years straight-line method The Regional Library regularly reviews its tangible capital assets to eliminate obsolete items. Tangible capital assets acquired during the year, but not placed into use, are not amortized until they are placed into use. Accumulated surplus (i) Externally Restricted Category Reserves The Externally Restricted Category Reserves accounts for the Regional Library's program delivery, service and administrative activities. C.S. Skrupski CPA Professional Corporation 8

11 WAPITI REGIONAL LIBRARY Notes to Consolidated Financial Statements 3. SIGNIFICANT ACCOUNTING POLICIES (continued) Accumulated surplus (continued) (ii) Invested in Tangible Capital Assets Invested in Tangible Capital Assets reflects the net original purchase cost of all tangible capital assets of the Regional Library after taking into consideration any associated long-term debt. Also included are appropriations for capital expenditures and amortization of capital assets. (iii) Internally Restricted Regional Reserves Internally Restricted Regional Reserves reflect the amount of accumulated surplus that has been designated for particular future purposes, and can be accessed only by motion of the Executive Committee of the Board of Directors. Allocations to the Internally Restricted Regional Reserves come primarily through transfers from the Externally Restricted Category Reserve. Reserves may be used to fund expenditures in the Externally Restricted Category Reserve and Invested in Tangible Capital Assets. In all cases, such uses of reserves are shown as transfers and they are not considered to be revenues or expenses. Wapiti Regional Library has the following Internally Restricted Regional Reserves: Automation -- designated for capital expenditures related to automation of the library Building -- designated for capital or renovation expenditures of the Regional Office building Equipment -- designated for capital expenditures related to Regional Office equipment Vehicle -- designated for capital expenditures related to automobile or van purchases Aboriginal Reserve -- designated for expenses related to provincial funding intended to ensure offreserve residents are able to receive off-reserve library services Marion Gilroy Bequest -- Established in 1982, a bequest from the Estate of M. Gilroy, Supervisor of Saskatchewan Libraries Marion Sherman Bursary -- Established in 1988, in memory of E. Marion Sherman, Chairman of the Wapiti Regional Library , the bursary is designed to promote children's librarianship in Saskatchewan. Contingency -- designated for unforeseen emergency expenditures Revenue recognition The Regional Library follows the deferral method of accounting for contributions. Unrestricted contributions are recognized as revenue when received or receivable if the amount received can be reasonably estimated, and collection is reasonably assured. Restricted contributions are recognized as revenue in the year which related expenses are incurred. Government grants Government grants are recorded when there is a reasonable assurance that the Regional Library had complied with, and will continue to comply with, all the necessary conditions to obtain the grants. Expense recognition Expenses are reported on an accrual basis of accounting, and expenses are accounted for in the period in which the goods and services are acquired and a liability is incurred. Pension Employees of the Regional Library participate in a multi-employer defined benefit pension plan. The Regional Library follows defined contribution accounting for its participation in the plan. Accordingly, the Regional Library expenses all contributions it is required to make in the year. C.S. Skrupski CPA Professional Corporation 9

12 WAPITI REGIONAL LIBRARY Notes to Consolidated Financial Statements 3. SIGNIFICANT ACCOUNTING POLICIES (continued) Measurement uncertainty The preparation of financial statements in conformity with Canadian public sector accounting standards requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Such estimates are periodically reviewed and any adjustments necessary are reported in earnings in the period in which they become known. Actual results could differ from these estimates. 4. CASH AND CASH EQUIVALENTS Cash on hand $ 500 $ 500 Cash with banks 320, ,130 Money market funds 370, , , ,248 Cash and cash equivalents (SILS) 112, ,116 $ 803,798 $ 676, INVESTMENTS CIBC non-redeemable GIC %, maturing June 6, 2017 $ 145,555 $ 143,040 Manulife non-redeemable GIC's 1.35%, maturing April 26, ,908 36, %, maturing April 26, ,128 35, %, maturing April 26, ,900 37, , ,041 Investments (SILS) $ 257,662 $ 252,212 C.S. Skrupski CPA Professional Corporation 10

13 WAPITI REGIONAL LIBRARY Notes to Consolidated Financial Statements 6. ACCOUNTS RECEIVABLE Interest on investments $ 1,045 $ 2,598 Goods and services tax 20,265 18,402 Other 22,108 11,518 43,418 32,518 Accounts receivable (SILS) 23,374 35,396 $ 66,792 $ 67, EMPLOYEE FUTURE BENEFITS At termination of employment, employees receive payment for a percentage of unused accumulated sick leave. The liability is estimated according to the terms of the collective bargaining agreement. 8. TANGIBLE CAPITAL ASSETS - MATERIALS ASSET POOL Asset Cost Opening Additions Disposals Materials asset pool $ 2,391,900 $ 567,104 $ (467,748) $ 2,491,256 $ 2,391,900 Accumulated Amortization Materials asset pool (909,081) (478,380) 467,748 (919,713) (909,081) Net Book Value $ 1,482,819 $ 88,724 $ - $ 1,571,543 $ 1,482,819 C.S. Skrupski CPA Professional Corporation 11

14 WAPITI REGIONAL LIBRARY Notes to Consolidated Financial Statements 9. TANGIBLE CAPITAL ASSETS Asset Cost Opening Additions Disposals Land and buildings $ 144,096 $ - $ - $ 144,096 $ 144,096 Computer workstations 43,700 11,366-55,066 43,700 Computer servers 21, ,695 21,695 Equipment 52, ,644 52,644 Furniture 44, ,347 44,347 Vehicles 84, ,096 84, ,578 11, , ,578 Information technology and furnishings (SILS) 321, (945) 320, ,105 Accumulated Amortization 711,683 11,797 (945) 722, ,683 Land and buildings (21,017) (7,205) - (28,222) (21,017) Computer workstations (38,666) (2,102) - (40,768) (38,666) Computer servers (16,298) (2,162) - (18,460) (16,298) Equipment (30,698) (6,177) - (36,875) (30,698) Furniture (22,313) (3,655) - (25,968) (22,313) Vehicles (52,274) (11,982) - (64,256) (52,274) (181,266) (33,283) - (214,549) (181,266) Information technology and furnishings (SILS) (286,515) (21,753) (12,036) (320,304) (286,515) (467,781) (55,036) (12,036) (534,853) (467,781) Net Book Value $ 243,902 $ (43,239) $ (12,981) $ 187,682 $ 243,902 C.S. Skrupski CPA Professional Corporation 12

15 WAPITI REGIONAL LIBRARY Notes to Consolidated Financial Statements 10.INVESTMENT IN GOVERNMENT PARTNERSHIP In 2009, the Regional Library entered into an agreement to participate in SILS. The SILS consortium was formed in 2009 by all 10 public library systems in Saskatchewan with the support of the Provincial Library, a unit of provincial government. The goal of SILS is to develop and maintain a single integrated library system to provide a common user experience for library users who access any of the 300 library branches within the province. SILS is funded by grants from the Ministry of Education and member libraries. The member libraries share in annual operating expenses based on a service level formula. The condensed supplementary financial information of SILS is as follows: Statement of Financial Position Financial assets $ 1,880,500 $ 2,043,837 Financial liabilities 671, ,363 Net financial assets 1,209,168 1,276,474 Non-Financial Assets Tangible capital assets 2, ,121 Prepaid expenses 317, , , ,425 Accumulated Surplus $ 1,529,424 $ 1,935,899 Statement of Operations Revenue $ 1,376,578 $ 1,217,831 Expenses 1,783,053 1,745,596 Annual (Deficit) Surplus (406,475) (527,765) The financial statements shown above are proportionately consolidated with the Regional Library's financial statements at 10.17% ( %), representing the Regional Library's interest in SILS. After eliminating intercompany transactions, the following amounts have been included in the consolidated financial statements: (continues on next page) C.S. Skrupski CPA Professional Corporation 13

16 WAPITI REGIONAL LIBRARY Notes to Consolidated Financial Statements 10.INVESTMENT IN GOVERNMENT PARTNERSHIP (continued) Statement of Financial Position Financial assets $ 136,082 $ 154,683 Financial liabilities 17,424 27,271 Net financial assets 118, ,412 Non-Financial Assets Tangible capital assets ,590 Prepaid expenses 32,283 32,671 32,570 67,261 Accumulated Surplus $ 151,228 $ 194,673 Statement of Operations Revenue $ 129,254 $ 113,000 Expenses 181, ,050 Annual (Deficit) Surplus (52,082) (65,050) In the event that SILS is dissolved, the Regional Library is responsible for its share of any costs in excess of the net assets in SILS. As at December 31, 2015, SILS plans to continue operations for the foreseeable future. 11.BUDGET FIGURES The budget figures reported in the statement of operations represents consolidated budgets of the Regional Library and SILS. The Regional Library budgeted amounts were prepared by management, and approved by the Board of Directors on April 18, These amounts are unaudited and have been provided for information purposes only. 12.PENSION Employees of the Regional Library participate in the Municipal Employees Pension Plan ("MEPP"). MEPP is a multi-employer defined benefit pension plan established by The Municipal Employee's Pension Act on July 1, MEPP was created to provide retirement benefits to the members of school divisions, urban and rural municipalities, regional colleges, regional public libraries, and other local authorities based on length of service and pensionable earnings. Benefits under MEPP are funded by employer and employee contributions at rates set by the Municipal Employees' Pension Commission. Contributions to MEPP by participating employers are not segregated in separate accounts or restricted to provide benefits to the employees of a particular employer. As a result, individual employers are not able to identify their share of the underlying assets and liabilities, and the net pension assets or liabilities are not recognized with these statements. In accordance with PSAB, the plan is accounted for as a defined contribution plan whereby the Regional Library's contributions are expensed when due. During the year, the Regional Library contributed $174,134 ( $183,053). C.S. Skrupski CPA Professional Corporation 14

17 WAPITI REGIONAL LIBRARY Notes to Consolidated Financial Statements 13.FINANCIAL INSTRUMENTS The Regional Library's significant financial instruments consist of cash and cash equivalents, investments, accounts receivable, accounts payable, and due to Staffing Levels and Compensation Committee. The carrying amount of the financial instruments approximates fair value due to shortterm maturity of these instruments. There are no significant terms or conditions related to these financial instruments that may affect the amount, timing, or certainty of future cash flows. 14.CONTINGENCY On May 29, 2008, Wapiti Regional Library was added as a Respondent to the legal proceeding between the Canadian Union of Public Employees ("CUPE") and the Municipal Employees Pension Commission (including several specific MEPP Employers). CUPE alleges that the Municipal Employees Pension Commission has unlawfully allowed the pension plan to be under-funded. At this time, both the likelihood of success for this legal action and potential to Wapiti Regional Library are undeterminable. C.S. Skrupski CPA Professional Corporation 15

18 WAPITI REGIONAL LIBRARY (Schedule 1) Schedule of Operations - Regional Office Budget REVENUE Provincial operating grant $ 1,014,600 $ 1,015,844 $ 1,014,600 Off-reserve services grant 55,940 56,011 55,940 Resource centres grant - - (3,100) Interest - 3,773 4,482 Donations - 4,092 5,077 Other 8, ,084 85,572 EXPENSES 1,078,644 1,224,804 1,162,571 Governance Regional Board - conference and meetings 1, ,588 Regional Board - memberships - - 3,984 Executive - conferences and meetings Executive - indemnities 7,500 1,650 3,340 Executive - travel and other 7,800 2,643 7,677 Audit and annual report 8,168 7,796 7,560 Insurance and legal 1,700 1,643 1,646 Other Communications - telephone / fax / internet Postage Supplies ,268 15,666 35,389 Administration Salaries 201, , ,005 Employee future benefits - 5,168 9,323 Staff costs and service contracts 31,492 35,920 37,892 Accounting - supplies / bank charges 8,410 4,054 1,663 Building - Regional Office maintenance 18,010 32,368 21,459 Building - Regional Office utilities 20,500 19,863 19,525 Equipment and furniture - repair / replacement 2,400 3,074 2,359 Insurance 8,600 10,095 10,075 Legal fees 10,000 3, Materials - professional collection / other Travel and accommodations - Regional Director 2,000 2,634 1,946 Other 2,000 4,094 4,006 Postage and handling 4,900 3,863 2,597 Professional development - workshops / training 1,500 1, Supplies - office 3,700 4,250 2,786 Communications - telephone / fax / internet 5,000 5,107 4, , , ,016 Services to Branches Salaries 534, , ,336 Staff costs and service contracts 87,429 65,495 67,255 Aboriginal services grant 6,200 50,126 59,561 Automation - contracts / equipment / supplies 10,500 16,851 96,493 Staff travel 2,000 2,830 1,338 Equipment and furniture - repair / replacement 4,300 4,848 5,491 Insurance and legal 10,000 11,738 11,826 Delivery system 30,000 26,171 32,589 Professional development / promotions 8,700 10,629 7,137 Supplies - processing / printing 15,220 15,400 14,810 Communications - telephone / fax / internet 3,600 5,420 3,641 Postage 8,400 6,642 4,113 Vehicles 9,000 7,862 6, , , ,475 EXCESS OF REVENUE OVER EXPENSES - 206,393 22,691 TRANSFERS (INCLUDES MATERIALS TRANSFER TO INVESTED IN CAPITAL ASSETS) - (206,393) (22,691) RESERVE BALANCE, BEGINNING OF YEAR RESERVE BALANCE, END OF YEAR $ - $ - $ - SCHEDULE OF MATERIALS EXPENDITURES: Materials - subscriptions and databases - 4,495 6,979 Total materials expenditure $ - $ 4,495 $ 6,979 C.S. Skrupski CPA Professional Corporation 16

19 WAPITI REGIONAL LIBRARY (Schedule 2) Schedule of Operations - John M. Cuelenaere REVENUE Budget Municipal levies $ 214,000 $ 214,000 $ 218,490 Resource centres grant 62,896 62,896 60,625 Interest ,874 Other 34,751 48,040 34, , , ,827 EXPENSES Overhead Automation (licenses, equipment, maint. contracts) 34,751 33,659 24,640 Distribution of reserves ,155 34,751 33, ,795 EXCESS OF REVENUE OVER EXPENSES 276, , ,032 TRANSFERS Materials transfer to invested in tangible capital assets (276,896) (299,498) (284,412) RESERVE BALANCE, BEGINNING OF YEAR 82,846 82, ,226 RESERVE BALANCE, END OF YEAR $ 82,846 $ 75,521 $ 82,846 SCHEDULE OF MATERIALS EXPENDITURES Books - hardcovers $ 121,661 $ 171,298 $ 154,698 Books - large print 7,136 7,007 5,426 Books - standing orders 6,188 5,937 5,643 Direct purchases - 4,901 - Microforms 715 1, Digital material 14,000 14,165 14,002 Audio-visual 11,000 28,307 32,151 Subscriptions and databases 22,000 29,939 23,837 Videos 31,300 36,789 47,657 RSG materials allocation 62, Total materials expenditures $ 276,896 $ 299,498 $ 284,412 C.S. Skrupski CPA Professional Corporation 17

20 WAPITI REGIONAL LIBRARY (Schedule 3) Schedule of Operations - Melfort REVENUE Budget Municipal levies $ 114,449 $ 114,475 $ 110,962 Resource centres grant 6,507 6,507 6,501 Interest Donations Other 5,368 4, EXPENSES Personnel 126, , ,364 Salaries 84,925 87,113 86,183 Employee future benefits (recovery) Staff costs 11,900 12,347 12,204 Overhead 96, ,134 99,156 Automation (licenses, equipment, maint. contracts) 5,648 8,446 3,911 Distribution of reserves - 1, , , ,067 EXCESS OF REVENUE OVER EXPENSES 24,151 15,706 15,297 TRANSFERS Materials transfer to invested in tangible capital assets (24,151) (23,250) (23,952) RESERVE BALANCE, BEGINNING OF YEAR 47,041 47,041 55,696 RESERVE BALANCE, END OF YEAR $ 47,041 $ 39,497 $ 47,041 SCHEDULE OF MATERIALS EXPENDITURES Books - hardcovers $ 9,750 $ 12,478 $ 12,709 Books - large print ,060 Books - paperbacks 2,000 3,126 2,836 Books - standing orders Digital material 1,000 1,607 1,523 Audio-visual 1,007 2,695 2,905 Subscriptions and databases 3,120 2,386 2,857 RSG materials allocation 6, Total materials expenditures $ 24,151 $ 23,250 $ 23,952 C.S. Skrupski CPA Professional Corporation 18

21 WAPITI REGIONAL LIBRARY (Schedule 4) Schedule of Operations - Reid-Thompson (Humboldt) REVENUE Budget Municipal levies $ 114,469 $ 114,468 $ 111,118 Resource centres grant 7,668 7,668 6,621 Interest Donations - 2,000 3,000 Other (including Mosaic grant) - 9,652 4,164 EXPENSES Personnel 122, , ,471 Salaries 82,993 82,523 79,449 Employee future benefits (recovery) Staff costs 12,422 12,061 12,049 Overhead 95,415 94,635 91,613 Automation (licenses, equipment, maint. contracts) 5,768 8,717 3,983 Other expenditures (Mosaic grant) - 1,266 1,332 5,768 9,983 5,315 Distribution of reserves - 1,415 2, , ,033 99,033 EXCESS OF REVENUE OVER EXPENSES 20,954 28,252 26,438 TRANSFERS Materials transfer to invested in tangible capital assets (20,241) (19,202) (24,152) RESERVE BALANCE, BEGINNING OF YEAR 45,982 45,982 43,696 RESERVE BALANCE, END OF YEAR $ 46,695 $ 55,032 $ 45,982 SCHEDULE OF MATERIALS EXPENDITURES Books - block service $ 580 $ 580 $ 580 Books - hardcovers 6,200 6,524 8,212 Books - large print 1,400 1,160 2,096 Books - paperbacks 2,000 1,860 2,703 Books - standing orders Digital material 2,242 2,248 2,038 Audio-visual 3,000 4,002 5,274 Subscriptions and databases 3,447 2,665 3,092 RSG materials allocation 1, Total materials expenditures $ 20,241 $ 19,202 $ 24,152 C.S. Skrupski CPA Professional Corporation 19

22 WAPITI REGIONAL LIBRARY (Schedule 5) Schedule of Operations - Nipawin REVENUE Budget Municipal levies $ 81,931 $ 81,931 $ 79,542 Resource centres grant 8,924 8,924 8,008 Interest Donations 10,000 10,000 10,049 Other 2,466 4,633 2,298 EXPENSES Personnel 103, , ,622 Salaries 56,812 52,423 52,153 Employee future benefits (recovery) Staff costs 8,213 8,114 7,700 Overhead 65,025 60,537 60,001 Automation (licenses, equipment, maint. contracts) 4,429 5,818 2,243 Distribution of reserves - 3,311 2,231 69,454 69,666 64,475 EXCESS OF REVENUE OVER EXPENSES 33,867 36,499 36,147 TRANSFERS Materials transfer to invested in tangible capital assets (33,867) (30,307) (29,386) RESERVE BALANCE, BEGINNING OF YEAR 62,601 62,601 55,840 RESERVE BALANCE, END OF YEAR $ 62,601 $ 68,793 $ 62,601 SCHEDULE OF MATERIALS EXPENDITURES Books - block service $ 1,340 $ 1,340 $ 1,340 Books - hardcovers 16,000 16,420 17,191 Books - large print 1,500 2,933 1,431 Books - paperbacks 1, Books - standing orders Digital material 1, Audio-visual 1,500 5,093 4,906 Subscriptions and databases 2,525 2,520 2,583 RSG materials allocation 8, Total materials expenditures $ 33,867 $ 30,307 $ 29,386 C.S. Skrupski CPA Professional Corporation 20

23 WAPITI REGIONAL LIBRARY (Schedule 6) Schedule of Operations - Tisdale REVENUE Budget Municipal levies $ 67,670 $ 67,670 $ 64,808 Resource centres grant 13,387 13,387 9,776 Interest Other 3,341 11,850 1,896 EXPENSES Personnel 84,398 93,102 76,778 Salaries 52,384 56,795 54,421 Employee future benefits (recovery) Staff costs 7,507 6,631 7,183 Overhead 59,891 63,426 62,441 Automation (licenses, equipment, maint. contracts) 3,341 6,451 1,673 Distribution of reserves - 1,313-63,232 71,190 64,114 EXCESS OF REVENUE OVER EXPENSES 21,166 21,912 12,664 TRANSFERS Materials transfer to invested in tangible capital assets (21,166) (20,311) (17,518) RESERVE BALANCE, BEGINNING OF YEAR 18,075 18,075 22,929 RESERVE BALANCE, END OF YEAR $ 18,075 $ 19,676 $ 18,075 SCHEDULE OF MATERIALS EXPENDITURES Books - hardcovers $ 5,143 $ 11,228 $ 8,146 Books - large print 200 1, Books - paperbacks 1,000 2,795 2,562 Books - standing orders - - 1,099 Digital material 1, Audio-visual 300 2,497 2,430 Subscriptions and databases 1,936 1,620 1,715 RSG materials allocation 11, Total materials expenditures $ 21,166 $ 20,311 $ 17,518 C.S. Skrupski CPA Professional Corporation 21

24 WAPITI REGIONAL LIBRARY (Schedule 7) Schedule of Operations - Hudson Bay REVENUE Budget Municipal levies $ 30,080 $ 30,080 $ 27,824 Resource centres grant 9,722 9,722 8,643 Interest Donations - 3,000 - Other 5,126 2, EXPENSES Personnel 45,228 45,034 37,496 Salaries 25,775 23,613 22,659 Staff costs 3,308 2,977 2,931 Overhead 29,083 26,590 25,590 Automation (licenses, equipment, maint. contracts) 1,643 3, Distribution of reserves - 3,796 (3,002) 30,726 33,431 23,379 EXCESS OF REVENUE OVER EXPENSES 14,502 11,603 14,117 TRANSFERS Materials transfer to invested in tangible capital assets (14,502) (14,298) (9,630) RESERVE BALANCE, BEGINNING OF YEAR 19,698 19,698 15,211 RESERVE BALANCE, END OF YEAR $ 19,698 $ 17,003 $ 19,698 SCHEDULE OF MATERIALS EXPENDITURES Books - hardcovers $ 1,000 $ 6,647 $ 3,417 Books - large print Books - paperbacks 250 1, Books - standing orders Digital material 1,000 1,248 1,019 Audio-visual 250 2,974 2,691 Subscriptions and databases 1,500 1,201 1,280 RSG materials allocation 9, Total materials expenditures $ 14,502 $ 14,298 $ 9,630 C.S. Skrupski CPA Professional Corporation 22

25 WAPITI REGIONAL LIBRARY (Schedule 8) Schedule of Operations - Rural Municipalities, Towns, and Villages REVENUE Budget Municipal levies $ 733,233 $ 733,233 $ 671,999 Resource centres grant allocations (109,103) (109,104) (97,075) Interest - 2,096 2,407 Donations - 3,694 2,243 Other 47,225 31,394 30,146 EXPENSES Personnel 671, , ,720 Salaries 421, , ,392 Employee future benefits (recovery) - - 1,635 Staff costs 45,755 38,734 39,514 Overhead 467, , ,541 Automation (licenses, equipment, maint. contracts) 54, ,469 28,636 Distribution of reserves - (50,054) (10,296) 521, , ,881 EXCESS OF REVENUE OVER EXPENSES 150, , ,839 TRANSFERS Materials transfer to invested in tangible capital assets (150,000) (138,367) (140,324) RESERVE BALANCE, BEGINNING OF YEAR 193, , ,280 RESERVE BALANCE, END OF YEAR $ 193,795 $ 211,066 $ 193,795 SCHEDULE OF MATERIALS EXPENDITURES Books - block service $ 38,000 $ 34,792 $ 42,356 Books - hardcovers 43,500 39,276 25,581 Books - large print 7,500 7,968 7,657 Books - paperbacks - 1,696 19,466 Digital material 10,000 9,377 10,808 Audio-visual 21,000 21,067 17,295 Subscriptions and databases 30,000 24,191 17,161 Total materials expenditures $ 150,000 $ 138,367 $ 140,324 C.S. Skrupski CPA Professional Corporation 23

26 WAPITI REGIONAL LIBRARY (Schedule 9) Schedule of Operations - First Nations Contracts Budget REVENUE Other $ 4,869 $ 4,175 $ 4,051 EXPENSES Personnel Salaries 3,562 3,623 3,920 Staff costs Overhead 3,669 3,733 4,051 Automation (licenses, equipment, maint. contracts) - 1,325 - Distribution of reserves - (883) 4,163 3,669 4,175 8,214 EXCESS OF REVENUE OVER EXPENSES 1,200 - (4,163) TRANSFERS Materials transfer to invested in tangible capital assets (1,200) - - RESERVE BALANCE, BEGINNING OF YEAR - - 4,163 RESERVE BALANCE, END OF YEAR $ - $ - $ - SCHEDULE OF MATERIALS EXPENDITURES Books - hardcovers $ 1,200 $ - $ - Total materials expenditures $ 1,200 $ - $ - C.S. Skrupski CPA Professional Corporation 24

27 WAPITI REGIONAL LIBRARY (Schedule 10) Schedule of Expense Summary by Object Personnel Budget Salaries $ 1,463,641 $ 1,353,724 $ 1,374,518 Employee future benefits - 5,893 12,827 Staff costs 208, , ,859 Reserve Distributions to Branches 1,671,774 1,542,006 1,574,204 Category reserves distributed - (39,152) 141,356 Amortization Amortization 525, , ,308 Purchased Goods and Services Aboriginal grant 6,200 50,126 59,561 Audit - financial and audit report 8,168 7,796 7,560 Automation (licenses, equipment, maint. contracts) 120, , ,370 Bank charges 8,410 4,054 1,663 Board - conference and meetings 1, ,808 Board - indemnities 7,500 1,650 3,340 Board - travel 7,800 2,643 7,677 Communications - telephone / fax / internet 9,500 10,719 8,282 Contingencies 2,750 4,844 4,946 Delivery system 30,000 26,171 32,589 Grants (federal, provincial, other) - 1,266 1,332 Regional Office maintenance 18,010 32,368 21,459 Insurance 20,300 23,476 23,547 Legal 10,000 3, Memberships - - 3,984 Office equipment 6,700 7,922 7,850 Office supplies 3,700 4,363 2,832 Postage 13,300 11,051 7,066 Printing, processing, circulation supplies 15,220 15,400 14,810 Professional development - branches 10,200 12,412 7,737 Professional collection / staff purchases Travel - Regional Director and staff 4,000 5,464 3,284 Utilities 20,500 19,863 19,525 Vehicle 9,000 7,862 6,885 SILS Consortium 333, , ,278 2,530,487 2,464,433 2,647,146 Amortization 21,753 21,753 33,358 Computer systems, services, and administration 117, , , , , ,051 $ 2,669,941 $ 2,645,769 $ 2,825,197 C.S. Skrupski CPA Professional Corporation 25

28 WAPITI REGIONAL LIBRARY (Schedule 11) Schedule of Library Materials Expenditures Materials Budget Books - block service $ 39,920 $ 36,712 $ 44,276 Books - hardcovers 204, , ,954 Books - large print 18,953 21,839 19,178 Books - paperbacks 6,250 11,965 28,872 Books - standing orders 6,896 6,251 7,062 Microforms 715 1, Digital material 30,242 30,593 31,200 Audio-visual 38,057 66,635 67,652 Subscriptions and databases 64,528 69,017 59,504 Videos 31,300 36,789 47,657 RSG materials allocation 100, $ 542,023 $ 544,827 $ 536,353 C.S. Skrupski CPA Professional Corporation 26