Correspondence from Greater Victoria Public Library
Formal submission of the Provisional 2017 Operating Budget and Five Year Financial Plan for municipal review.
October 31, 2016
His Worship Mayor David Screech and Council Town of View Royal 45 View Royal Avenue Victoria, BC V9B 1A6
Dear Mayor Screech:
Re: 2017 Budget and Five Year Financial Plan – PROVISIONAL
The Greater Victoria Public Library respectfully submits its Provisional 2017 Operating Budget and Five Year Financial Plan for 2017-2021 for receipt by Council.
In accordance with the Library Operating Agreement, we will submit a final budget by March 1, 2017 and will seek Council approval by resolution by May 1, 2017. We are seeking feedback or any recommended amendments by December 16, 2016.
The Provisional Operating Budget increase for 2017 is projected to be 2.1% net of all revenue-neutral transfers. Staff continue to develop strategies to manage ongoing demand while increasing efficiency and effectiveness of our service. Please refer to the enclosed budget briefing notes for more information on revenue and expenditure changes.
The municipal contribution increase for the library system is 2.94%. Each municipality’s respective share is outlined in the enclosed Municipal Contributions document and is subject to change once property assessment values are received.
As noted in the Victoria Foundation’s 2016 Vital Signs report, Greater Victoria loves its public library. Recognized by the Canadian Urban Libraries Council as one of the highest per capita circulating library systems in Canada, we are truly a community-inspired library. Our strategic plan for the next four years is designed to meet the community’s expectations of a modern library. We are committed to supporting literacy and lifelong learning by providing free access to information, space, tools and expertise our communities require to thrive.
Thank you for working with us to support the well-being and continued success of the citizens of Greater Victoria.
Sincerely,
Kevin Murdoch Board Chair, Greater Victoria Public Library
Enclosures Copies:
- Kim Anema, CAO, Town of View Royal
- Michael Dillabaugh, Director of Finance, Town of View Royal
- Maureen Sawa, CEO, Greater Victoria Public Library
- Donna Phillips, Director of Finance and Facilities, Greater Victoria Public Library