The Board of Trustees for Vancouver Island Regional Library (VIRL) has adopted a balanced budget of $35.6 million for 2017.
The focus of the 2017 budget is to ensure that VIRL continues to meet its service standards, and to incorporate the requirement to keep costs in line while meeting the needs of Island communities.
The 2017 budget supports the Board’s Strategic Plan: Your Voice, Your Library, and reinforces the principles of the Consolidated Facilities Master Plan.
As a part of the budget, municipal and rural levies will contribute $21.2 million to the library budget, an average increase of 4.25 per cent or a per capita increase of $1.59. The weighted vote was 91 per cent in favour of the budget.
“We want to ensure that we continue to meet the expectations of our communities, while keeping costs within expectations and planning for the future,” says Joel Adams, director of finance for Vancouver Island Regional Library.
“The board is committed to delivering quality library service that is financially sustainable for our communities. This balance of service and conservative spending is underscored in the 2017-2021 Financial Plan,” says VIRL Board Chair, Bruce Jolliffe.
The remainder of the budgeted revenues come from overdue and other fees, and investment income.
For more information about the 201 –2021 Financial Plan, visit: virl.bc.ca/reports-and-plans