MANAGEMENT REPORT

Date: September 21, 2016 Author: Eric Smith, Director, Corporate Services & Facilities Phone No.: 604-331-4018 VanDocs #: DOC/2016/285620 Meeting Date: September 28, 2016

TO: Library Board

FROM: Eric Smith, Director, Corporate Services & Facilities

SUBJECT: July 31 and August 31, 2016 Operating Results

PURPOSE

The purpose of this report is for the Committee to review the monthly statement of revenues and expenditures.

RECOMMENDATION

That the Committee recommend that the Board receive the Statement of Revenues and Expenditures for the seven months ended July 31, 2016 and the eight months ended August 31, 2016 for information.

BACKGROUND

Financial results are presented monthly, where possible, to the Services Finance and HR Committee for information. DISCUSSION

Attached is the July and August (year to date) statements of revenues and expenditures and variance explanations.

Also attached is a summary of the reserves.

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