2017 STATEMENT OF FINANCIAL INFORMATION

TABLE OF CONTENTS

Approval of Statement of Financial Information 2

Financial Information Act Submission Checklist separate document

Management Report 3

Library Board Members 4

Statement of Financial Position 5

Statement of Operations 6

Statement of Changes in Net Financial Assets 7

Statement of Cash Flows 8

Notes to Financial Statements 9

Schedule of Debts 14

Schedule of Guarantees and Indemnity Agreements 14

Schedule of Remuneration and Expenses, including: 15

- Reconciliation to Statement of Operations

- Statement of Severance Agreements

Schedule of Payments for the Provision of Goods and Services, including: 19

- Reconciliation to Statement of Operations

2017 FINANCIAL INFORMATION Page 1

VANCOUVER PUBLIC LIBRARY BOARD

STATEMENT OF FINANCIAL INFORMATION APPROVAL

The undersigned represents the Board of the Vancouver Public Library and confirms that the Board of the Vancouver Public Library has received and approved, at its meeting of April 25, 2018, all the unaudited statements and schedules included in this Statement of Financial Information, as required under section 2 of the Financial Information Act.

______

Kyla Epstein, Chair Vancouver Public Library Board

April 25, 2018

2017 FINANCIAL INFORMATION Page 2 VANCOUVER PUBLIC LIBRARY BOARD

MANAGEMENT REPORT

The unaudited Financial Statements contained in this Statement of Financial Information under the Financial Information Act have been prepared by management in accordance with the accounting principles in Note 1, and the integrity and objectivity of these statements are management’s responsibility. Management is also responsible for all the statements and schedules, and for ensuring that this information is consistent, where appropriate, with information contained in the financial statements. The unaudited financial statements necessarily include some amounts, which are based on the best estimates and judgments of management.

Management is also responsible for implementing and maintaining a system of internal controls to provide reasonable assurance that reliable financial information is produced.

The Library Board is a policy setting Board and assigns to management the responsibility for day-to-day operations. The Library Board is responsible for assessing the management, systems and practices.

The Internal Audit Division of the City of Vancouver assists the Vancouver Public Library Board and management in assessing the internal control environment and making observations and recommendations on the effectiveness of management systems and processes.

The unaudited financial statements have been reviewed by the Internal Audit Division of the City of Vancouver. Internal Audit has reported to the Vancouver Public Library Board on the scope and results of the review.

______Christina de Castell, Acting Chief Librarian Vancouver Public Library

______Eric Smith CPA, CA, Director of Corporate Services and Facilities

Vancouver Public Library April 25, 2018

2017 FINANCIAL INFORMATION Page 3

2018 Vancouver Public Library Board

A. Card

J. Chan – Vice Chair

K. Epstein - Chair

S. Grewal

K. Heinrich

S. Kirby-Yung – Board of Parks and Recreation Representative

J. Lin

R. Mangat

H. Pruden

J. Schaub – Vice Chair

R. Sherwood

T. Stevenson – Council Liaison

J. Zaichkowsky – Vancouver School Board

Secretary and Acting Chief Librarian – C. de Castell

2017 FINANCIAL INFORMATION Page 4 VANCOUVER PUBLIC LIBRARY BOARD Statement of Financial Position (unaudited) As at December 31

2017 2016

FINANCIAL ASSETS Accounts receivable and accrued interest $ 500,990 $ 452,043 Due from the City of Vancouver 5,234,529 5,672,483 5,735,519 6,124,526

LIABILITIES

Accounts payable and accrued liabilities $ 3,290,448 $ 2,127,934 Deferred income (Note 2) 164,463 129,274 3,454,911 2,257,208 NET FINANCIAL ASSETS 2,280,608 3,867,318

NON-FINANCIAL ASSETS Inventory 133,877 94,922 Prepaid expenses 191,358 327,648 Tangible capital assets (note 6) 17,880,500 16,987,800 18,205,735 17,410,370 NET ASSETS $ 20,486,343 $ 21,277,688

ACCUMULATED SURPLUS Reserves (Note 3) 5,755,843 5,819,888 Investments in tangible capital assets 17,880,500 16,987,800 Deferred liabilities (Note 4) ( 3,150,000) ( 1,530,000) $ 20,486,343 $ 21,277,688

See accompanying Notes to Financial Statements Long term debt (Note 1 (e)) Contingencies and commitments (Note 5)

2017 FINANCIAL INFORMATION Page 5

VANCOUVER PUBLIC LIBRARY BOARD Statement of Operations (unaudited) Years Ended December 31

2017 Budget* 2017 2016

REVENUES City of Vancouver $ 45,528,415 $ 46,489,933 $ 43,820,972 Other fees and recoveries 2,699,900 2,653,656 2,667,121 Other grants - 2,537 47,422 Provincial Government 1,304,100 1,354,982 1,357,066 Investment income - 63,505 80,805 Interlink reciprocal services 140,000 140,795 146,560 Charitable donations and bequests 215,000 2,967,242 489,676

49,887,415 53,672,650 48,609,622

EXPENDITURES

Amortization 3,184,300 3,184,300 3,342,500 Books and materials 1,530,000 1,596,264 1,794,044 Building occupancy and maintenance 5,378,315 5,036,360 4,448,851 Equipment and fleet 600,300 622,539 708,851 Loss on disposal of tangible capital assets 1,060,500 1,718,200 Other 969,300 1,326,756 1,330,659 Supplies and materials 1,008,200 924,615 985,196 Salaries and benefits 37,162,700 39,764,041 36,157,488 49,833,115 53,515,375 50,485,789

ANNUAL SURPLUS (DEFICIT) $ 54,300 157,275 (1,876,167)

OPENING ACCUMULATED SURPLUS 21,277,688 21,613,603

Transfer to City Insurance Reserve (55,500) (55,548) (55,548) Transfer from (to) City capital and reserve 1,200 (893,072) 1,595,800

ENDING ACCUMULATED SURPLUS $ - $ 20,486,343 $ 21,277,688

See accompanying Notes to Financial Statements.

* As approved by Vancouver City Council

2017 FINANCIAL INFORMATION Page 6 VANCOUVER PUBLIC LIBRARY BOARD Statement of Changes in Net Financial Assets (unaudited) Years Ended December 31

2017 2016

Annual surplus (deficit) $ 157,275 $ (1,876,167)

Acquisition of tangible capital assets (5,166,800) (4,892,300) Amortization of tangible capital assets 3,184,300 3,342,500 Loss on disposal of tangible capital assets 1,060,500 1,718,200 Proceeds on disposal of tangible capital assets 29,300 - (892,700) 168,400

Change in inventory and prepaids 97,335 (51,916) Transfer to City Insurance Reserve (55,548) (55,548) Transfer from Capital for tangible capital assets 1,754,500 1,395,800 Transfer to Capital (2,647,572) Transfer from City capital and reserves 200,000 (851,285) 1,488,336 Change in net financial assets (1,586,710) (219,431)

Net financial assets at beginning of year 3,867,318 4,086,749

Net financial assets at end of year $ 2,280,608 $ 3,867,318

See accompanying Notes to Financial Statements.

2017 FINANCIAL INFORMATION Page 7 VANCOUVER PUBLIC LIBRARY BOARD Statement of Cash Flows (unaudited) Years Ended December 31

2017 2016

CASH PROVIDED BY (USED IN): Operating Transactions Annual surplus (deficit) $ 157,275 $ (1,876,167) Items not incolving cash Amortization 3,184,300 3,342,500 Loss on disposal of tangible capital assets 1,060,500 1,718,200 Net Transfer (to) from capital (893,072) 1,395,800 Transfer from City capital and reserves 200,000 Transfer to City Insurance Reserve (55,548) (55,548) Proceeds on disposal of tangible capital assets 29,300 - Change in non-cash items Decrease (increase) in inventory (38,955) 69,186 Decrease (increase) in prepaids 136,290 (121,102) Decrease (increase) in accounts receivable (48,947) (196,334) Decrease (increase) in due from City of Vancouver 437,954 462,465 Increase (decrease)in accounts payable 1,162,514 (12,220) 5,131,611 4,926,780

Financing Transactions Increase (decrease) in deferred income 35,189 (34,480)

Capital Transactions Acquisition of tangible capital assets (5,166,800) (4,892,300)

Investing Sale (Purchase) of investments - -

NET INCREASE (DECREASE) IN CASH - -

Cash at beginning of year - -

Cash at end of year $ - $ -

See accompanying Notes to Financial Statements.

2017 FINANCIAL INFORMATION Page 8 VANCOUVER PUBLIC LIBRARY BOARD NOTES TO FINANCIAL STATEMENTS Year Ended December 31, 2017

The Vancouver Public Library Board (Library) is established under the Library Act of British Columbia and is a registered charity under the Income Tax Act. Its principal activity is the operation of public libraries in the City of Vancouver (City).

1. SIGNIFICANT ACCOUNTING POLICIES

(a) Basis of Presentation

The financial statements of the Library have been prepared, in all material respects, in accordance with generally accepted accounting principles for local governments as recommended by the Public Sector Accounting Board (PSAB).

(b) Basis of Accounting

(i) Revenues, with the exception of overdue book fines and lost book charges, are recorded in the period in which the transactions or events that give rise to the revenues occur. Amounts received in advance of services rendered are considered deferred income until the Library discharges the obligations that led to the collection of funds.

(ii) Overdue book fine revenues and lost book charges are recorded on a cash basis.

(iii) Expenditures are recorded in the period in which the goods or services are acquired and a liability is incurred or transfers are due.

(iv) Inventory of supplies and materials are valued at cost with allowances made for obsolete stock. Cost is determined on a first in, first out basis.

(v) The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenditures during the reporting period. Actual results will depend on future economic events and could differ from the estimates. Adjustments, if any, will be reflected in the period of settlement or upon a change in the estimate.

(c) Tangible Capital Assets

The City owns the land, buildings, leasehold improvements, and vehicles used by the Library. These assets are reported in the City’s Consolidated Statement of Financial Position. Books and materials and furniture and equipment are owned by the Library and are recorded in these statements. These capital assets are recorded at cost. Amortization is recorded on a straight line basis over the useful lives of the assets as follows:

Collections 10 years Furniture and equipment 15 years Technology 5 years

(d) Reserves

Reserves are established at the discretion of the Library Board with the approval of City Council for future operating and capital expenditures. The reserves are held by the City.

2017 FINANCIAL INFORMATION Page 9 VANCOUVER PUBLIC LIBRARY BOARD NOTES TO FINANCIAL STATEMENTS continued Year Ended December 31, 2017

Note 1 (continued)

(e) Long term debt

The City is responsible for all debt associated with the Library. The debt is reported in the City’s Consolidated Statement of Financial Position and principal and interest payments are reported in the City’s Consolidated Statement of Financial Activities.

(f) Pension Plan and Deferred Payroll Liabilities

The Library and its employees participate in a Municipal Pension Plan. The Municipal Pension is a multi-employer contributory defined benefit pension plan. Payments in the year are expensed.

Employees are entitled to earned benefits related to non-vested accumulating sick leave, sick leave gratuity and vacation entitlements at retirement. Employees may also defer current vacation entitlements. The cost of post-employment benefits is actuarially determined based on service provided, a best estimate of retirement ages, and expected future salary and wage increases. The liability under these benefit plans is accrued based on projected benefits as the employees render service necessary to earn the future benefits.

As well, certain employees are entitled to income continuation benefits under long term disability plans. The Library recognizes a liability and expense for these post-employment benefits in the period when the event occurs that obligates the Library to provide the benefit.

2. DEFERRED INCOME

Amounts will be recognized as income in the year the related service is provided.

2017 2016 Advanced receipts at the beginning of year $129,274 $163,754 Contributions received in the year 178,604 127,148 Recognized as revenue in the year (143,415) (161,628) Advanced receipts at the end of year $164,463 $129,274

3. RESERVES

These amounts are set aside by the Library Board with the approval of City Council for specific purposes.

2016 Transfers to Transfers from 2017 Grants and Donation $ 3,523,049 $284,408 $ (419,411) $ 3,388,046 Other 1,351,236 62,373 (2,415) 1,411,194 Equipment Replacement 945,603 11,000 0 956,603

$ 5,819,888 $357,781 $ (421,826) $ 5,755,843

2017 FINANCIAL INFORMATION Page 10

VANCOUVER PUBLIC LIBRARY BOARD NOTES TO FINANCIAL STATEMENTS continued Year Ended December 31, 2017

4. DEFERRED LIABILITIES

The liabilities reported in the 2017 financial statements are based on an actuarial valuation as at December 31, 2017 using the following valuation assumptions:

2017 2016 Discount rate 3.62% 3.81% Inflation rate 2.00% 2.00% Rate of compensation increase 2.59% to 4.63% 2.5% to 4.5%

Employee benefit liabilities as at December 31 are as follows;

2017 2016

Sick leave gratuity $ 300,000 $ 337,000 Deferred Vacation 989,000 971,000 Non-vested accumulating sick leave 577,000 590,000 Other post-employment benefits 2,147,000 563,000 4,013,000 2,461,000 Unamortized actuarial gain (loss) (863,000) (931,000)

Liabilities to be funded from future revenues $ 3,150,000 $1,530,000

The continuity of the Library’s employee benefit liabilities are as follows:

2017 2016

Balance, beginning of year $1,530,000 $1,763,000 Current service cost 1,872,000) (141,000) Interest cost 94,000 97,000 Amortization of Actuarial gain (loss) (16,000) 31,000 Actual benefits paid (330,000) (220,000) Balance, end of year $3,150,000 $1,530,000

.

2017 FINANCIAL INFORMATION Page 11

VANCOUVER PUBLIC LIBRARY BOARD NOTES TO FINANCIAL STATEMENTS continued Year Ended December 31, 2017

5. CONTINGENCIES AND COMMITMENTS

(a) Municipal Pension Plan

The Vancouver Public Library and its employees contribute to the Municipal Pension Plan (the Plan), a jointly trusteed pension plan. The Board of Trustees, representing plan members and employers, is responsible for administering the Plan, including investment of assets and administration of benefits. The Plan is a multi-employer defined benefit pension plan. Basic pension benefits are based on a formula. As at December 31, 2016, the Plan had about 193,000 active members and approximately 90,000 retired members. Active members include approximately 38,000 contributors from local governments.

Every three years, an actuarial valuation is performed to assess the financial position of the Plan and adequacy of Plan funding. The actuary determines an appropriate combined employer and member contribution rate to fund the Plan. The actuary’s calculated contribution rate is based on the entry-age normal cost method, which produces the long-term rate of member and employer contributions sufficient to provide benefits for average future entrants to the Plan. This rate may be adjusted for amortization of any actuarial funding surplus and will be adjusted for the amortization of any unfunded actuarial liability.

The most recent actuarial valuation for the Plan, as at December 31, 2015, indicated a $2,224 million funding surplus for basic pension benefits on a going concern basis. As a result of the 2015 basic account actuarial valuation surplus and pursuant to the joint trustee agreement, $1,927 million was transferred to the rate stabilization account and $297 million of the surplus ensured the required contribution rates remained unchanged. The next valuation will be at December 31, 2018, with results available in 2019.

Employers participating in the Plan record their pension expense as the amount of employer contributions made during the fiscal year (defined contribution pension plan accounting). This is because the Plan records accrued liabilities and accrued assets for the Plan in aggregate, resulting in no consistent and reliable basis for allocating the obligation, assets and costs to individual employers participating in the Plan,

The Library paid $2,810,600 (2016 - $2,562,400) for employer contributions to the Plan in 2017. Employees contributed $2,466,200 (2016 - $2,273,700) in 2017.

(b) Contingent Legal Liabilities

As at December 31, 2017, there were no legal claims pending against the Library.

2017 FINANCIAL INFORMATION Page 12 VANCOUVER PUBLIC LIBRARY BOARD NOTES TO FINANCIAL STATEMENTS continued Year Ended December 31, 2016

(c) Operating Leases

The Library is committed to operating leases for buildings and equipment. Minimum future lease payments are as follows:

2018 1,098,100 2019 992,600 2020 460,900 2021 470,300 2022 481,800

6. TANGIBLE CAPITAL ASSETS

Cost 2016 Additions Disposals 2017 Furniture and Equipment $12,101,800 $841,200 $(42,700) $12,900,300 Technology 5,928,300 862,400 (444,800) 6,345,900 Collections 37,278,900 3,463,200 (2,730,100) 38,012,000 $55,309,000 $5,166,800 $(3,217,600) $57,258,200

Accumulated Amortization 2016 Amortization Disposals 2017 Furniture and Equipment $8,964,200 $352,700 $(39,800) $9,277,100 Technology 4,272,600 636,700 (444,600) 4,464,700 Collections 25,084,400 2,194,900 (1,643,400) 25,635,900 $38,321,200 $3,184,300 $(2,127,800) $39,377,700 Net Book value Furniture and Equipment $3,137,600 $3,623,200 Technology 1,655,700 1,881,200 Collections 12,194,500 12,376,100 $16,987,800 $17,880,500

2017 FINANCIAL INFORMATION Page 13 VANCOUVER PUBLIC LIBRARY BOARD

SCHEDULE OF DEBTS and SCHEDULE OF GUARANTEES AND INDEMNITY AGREEMENTS

Schedule of Debts

A Schedule of Debts has not been prepared because the information required is disclosed in the Statement of Financial Position and no addition information would be provided in the schedule.

Schedule of Guarantees and Indemnity Agreements

The Vancouver Public Library has not given any guarantees or indemnities under the Guarantees and Indemnities Regulation.

2017 FINANCIAL INFORMATION Page 14

VANCOUVER PUBLIC LIBRARY BOARD SCHEDULE OF REMUNERATION AND EXPENSES (A)

2017 Library Board Expenses

Baum, M. $1,470 Brooks, C. 1,286 Card, A. 125 Chan, J. Vice Chair 49 Epstein, K. Chair 1,261 Grewal, S. 65 Hoffmann, K. 514 Mangat, R. 489 Schaub, J. Vice Chair 125 Sherwood, R. 255

Total $5,639

2017 FINANCIAL INFORMATION Page 15

VANCOUVER PUBLIC LIBRARY BOARD

SCHEDULE OF REMUNERATION AND EXPENSES (B)

Employees' remuneration greater than $75,000 and expenses

Expenses Remuneration

Baron, D $660 $95,672 Barrington, S 0 116,668 Bordignon, D A. 20 83,853 Brown, A 450 86,285 Cahill, K 4,724 107,044 Campbell, I 3,292 97,821 Chan, K 1,452 106,290 Chen, G 462 80,522 Cheng, A 585 80,059 Chong, P 1,142 99,923 Contois, R 0 76,190 Cribdon, G L. 0 87,370 Curry, L 367 89,365 De Castell, C 3,492 153,531 Dickson, E 16 89,362 Douglas, J 258 81,595 Downey, M 0 82,829 Elmslie, K 851 116,866 Esparo, D 0 116,621 Fortin, A 0 92,456 Freeman, A 647 96,856 Fu, H 348 96,993 Greenwood, A 0 78,789 Guilmant-Smith, G 272 90,393 Guinn, D 1,418 150,427 Hall, P 20 88,033 Hama, G 0 85,062 Hmaidan, M 42 75,773 Horne, J 250 122,778 Iannacone, J 3,217 147,995 Ibey, M 2,611 136,121 Johal, S 143 88,713 Kevlahan, C 80 89,798 Koep, M 0 99,002 Kripps, S 0 75,562 Langley, M 902 110,939 Liebel, K 0 80,110 Ma, N 40 89,543 s Remuneration

Expenses Remuneration

Expenses Remuneration

2017 FINANCIAL INFORMATION Page 16

VANCOUVER PUBLIC LIBRARY BOARD

SCHEDULE OF REMUNERATION AND EXPENSES (B)

Maestro, M 0 88,662 Martin, A 0 84,266 Masoumi, A 0 82,275 Massine, W 936 91,151 McGee, M 0 87,351 McMillan, T 536 76,356 Middlemass, C 97 103,468 Middleton, S 836 97,515 Mildenberger, N 259 97,017 O'Coffey, T 22 83,156 O'Shea, A 3,836 115,924 Owsianski, R 0 75,513 Payne, K 1,572 106,354 Pillay, S 491 139,189 Pitre-Hayes, A 1,965 101,456 Porter, N 91 80,185 Preston, P 0 87,900 Richmond, S 97 96,335 Ritchie, A 10 75,891 Schick, J 0 77,824 Schiller, H 2,950 80,470 Scudder, N 845 82,197 Simon, S 3 89,410 Singh, S 4,965 235,302 Smith, E 5,359 158,183 Tolentino, C 4 81,998 Tomkins, J 98 94,992 Tosa, Y 7 82,486 Voth, V 0 88,040 Walker, C 0 78,674 Wang, S 421 90,403 Wilde, M 0 78,795 Wong, B 895 95,706 Wotherspoon, P 0 84,848

Employees' remuneration less than $75,000 26,041,093

Total remuneration 33,053,594

Employer share of EI, CPP, and other benefits* 6,170,967

Accruals and amounts recorded in other accounts 539,480

Total per financial statements $39,764,041 0 88,662

26 95,509

2017 FINANCIAL INFORMATION Page 17

VANCOUVER PUBLIC LIBRARY BOARD

SCHEDULE OF REMUNERATION AND EXPENSES (B)

(*) Payments to the Receiver General are made directly by the City of Vancouver on behalf of the Library. These payments are shown on this schedule at the standard rate allocated by the City of Vancouver, and not on the Schedule of Payments for the Provision of Goods and Services.

Statement of Severance Agreements

There was one severance agreement made between the Vancouver Public Library Board and its non- unionized employees during fiscal year 2017. This agreement represented eight months of compensation.

2017 FINANCIAL INFORMATION Page 18 VANCOUVER PUBLIC LIBRARY BOARD

SCHEDULE OF PAYMENTS FOR THE PROVISION OF GOODS AND SERVICES

Payments to Vendors with a cumulative total greater than or equal to $25,000.

Academic Bookbinding Co Ltd $60,069 $55,618 Amazon.ca 42,921 Annex Pro 66,761 Aquilini Properties LP 50,413 BC Hydro 174,057 BC Libraries Cooperative 376,261 Beijing Bookstore 90,127 Bell Mobility Inc 30,376 Bibliocommons Inc. 121,219 Bibliotheca Canada Inc. 200,343 Black & Mcdonald Limited 32,686 BrandAlliance Inc 28,822 Brooks Corning Co. Ltd 32,143 Centre for Equitable Library Access 43,696 Champlain Square LP 114,708 Coast SeismicSafe Inc. 35,521 Compugen Inc 583,870 Convergint Technologies Ltd 26,031 CVS Midwest Tape 548,181 Digital Echidna 94,500 Ebsco Canada Ltd. 225,615 Fast First Aid & Survival 25,198 Fortis Gas 36,935 GALE GROUP 65,443 GardaWorld Cash Services Canada 29,283 Gibson Library Connections Inc. 45,673 Grand & Toy 41,548 Heland Investments Limited 136,763 Hemlock Printers Ltd 56,102 Hi-Cube Storage Products Ltd 359,743 Identive, Inc 86,801 Ingram 52,792 ITC Systems 87,125 iXSystems Inc 125,803 Jonathan Morgan & Company 43,997 KIDSBOOKS 62,327 Kinokuniya Book Stores of Amecia Co., Ltd. 34,503 Konica Minolta Business Solutions 151,253 LexisNexis Canada Inc. 37,094 Librairie Monet 31,301 Library Bound Inc. 863,052

Linkedin Ireland Unlimited Company 37,975 64,059 Lyngsoe Systems Inc 205,790 Mal (Richmond) 33,739 OCLC, Inc 54,218 $199,898

2017 FINANCIAL INFORMATION Page 19 41,716

28,227 VANCOUVER PUBLIC LIBRARY BOARD

SCHEDULE OF PAYMENTS FOR THE PROVISION OF GOODS AND SERVICES

OverDrive, Inc. 562,671 52,757 Pressreader 80,674 ProQuest LLC 157,471 Public Library Interlink 128,110 Quadreal Property Group LP 443,844 Raincoast Book Distribution Ltd. 51,581 Roper Greyell LLP 98,224 RPG - Resource Planning Group Inc 84,891 Scalar Decisions Inc 103,232 Scott Paragon Screen Printing & 73,592 Securiguard Services Ltd 722,234 Sino United Publishing (Can) Ltd. 158,022 Sirsidynix (Canada) Inc 119,736 Staples Business Advantage 93,192 Sundance Consulting Inc. 25,226 Telus Communications Inc 99,115 Telus Services Inc 77,818 Thomson Reuters Canada 43,544 Today's Books 31,473 Uline Canada Corporation 52,887 United Library Services Inc. 473,478 Vancouver Public Library Foundation 108,593 Vancouver Sun/Province/National Post 32,897 Whitehots Canadian Library Services 686,142 Wire to Wire Manufacturing Ltd. 28,917 Workers' Compensation Board 153,574 YWCA Vancouver 1,617,291

vendors > 25,000 $11,991,207

Total less than $25,000 1,754,849

Sub-total $13,746,056

Capital asset purchases from Operating budget (3,412,300) Amortization and loss on disposals 4,244,800 Amounts charged to City, capital accounts, GST rebates, Accruals, (3,813,966) and Other Amounts charged by City departments 2,986,744

Total per statement of operations 13,751,334

Total expense per statement of operations 53,515,375 Less salaries and benefits per statement of operations (39,764,041) Total non - salary and benefit expenses $13,751,334 (3,651,000)

2017 FINANCIAL INFORMATION Page 20