Appendix
GVPL 2026 Budget and Five-Year Financial Plan (Tables)
January 13, 2026Pages 71–722 sections
Financial tables detailing GVPL revenues, operational expenses, capital expenditures, and reserve transfers.
Municipal Contributions - Operating: $23,594,459Library Materials expenditure: $1,671,447
2026 Budget and Five-Year Financial Plan
| Revenues | 2025 | 2026 | Change | Change% | Notes | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Municipal Contributions - Operating | $ 21,846,722 | 23,594,459 | $ 1,747,738 | 8.00% | 1 | $ 25,128,099 | $ 26,761,426 | $ 27,965,690 | $ 28,944,489 |
| Municipal Contributions - Start-up | - | - | - | - | 2 | - | - | - | - |
| Provincial Grants | 712,372 | 678,372 | (34,000) | -4.8% | 3 | 678,372 | 678,372 | 678,372 | 678,372 |
| Federal Grants | - | - | - | 0.0% | - | - | - | - | |
| Fees and Misc. | 25,757 | 29,400 | 3,643 | 14.1% | 4 | 29,400 | 29,400 | 29,400 | 29,400 |
| Contracts for Service | 32,890 | 32,890 | - | 0.0% | 5 | 32,890 | 32,890 | 32,890 | 32,890 |
| Investment Income | 400,000 | 400,000 | - | 0.0% | 6 | 400,000 | 400,000 | 400,000 | 400,000 |
| Donations and Other Grants | 203,436 | 93,993 | (109,443) | -53.8% | 7 | 94,043 | 94,084 | 94,125 | 94,168 |
| Total Revenues | 23,221,176 | 24,829,114 | 1,607,938 | 6.9% | 26,362,804 | 27,996,171 | 29,200,477 | 30,179,319 |
| Expenses (Operating Budget) | 2025 | 2026 | Change | Change% | Notes | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Salaries and Benefits | 17,486,121 | 19,194,782 | 1,708,661 | 9.8% | 8 | 20,541,867 | 21,813,464 | 22,249,733 | 22,694,728 |
| Library Materials | 1,624,966 | 1,671,447 | 46,481 | 2.9% | 9 | 1,713,233 | 1,747,498 | 1,782,448 | 1,818,097 |
| Amortization | 1,905,517 | 1,947,000 | 41,483 | 2.2% | 10 | 1,947,000 | 1,947,000 | 1,947,000 | 1,947,000 |
| Supplies and Services | 2,229,537 | 1,960,256 | (269,281) | -12.1% | 11 | 1,639,013 | 1,670,793 | 1,703,209 | 1,736,273 |
| Building Occupancy | 1,271,002 | 1,274,241 | 3,240 | 0.3% | 12 | 1,304,847 | 1,318,517 | 1,344,888 | 1,371,785 |
| Other Expenses | 585,829 | 597,352 | 11,523 | 2.0% | 13 | 612,285 | 624,531 | 637,022 | 649,762 |
| Total Expenses | 25,102,972 | 26,645,078 | 1,542,107 | 6.1% | 27,758,246 | 29,121,803 | 29,664,299 | 30,217,645 |
| 2025 | 2026 | Change | Change% | Notes | 2027 | 2028 | 2029 | 2030 | |
|---|---|---|---|---|---|---|---|---|---|
| Annual Surplus/(Deficit) | (1,881,795) | (1,815,964) | 65,831 | -3.5% | (1,395,442) | (1,125,632) | (463,822) | (38,326) | |
| Add back: Unfunded Amortization | 1,905,517 | 1,947,000 | 41,483 | 2.2% | 11 | 1,947,000 | 1,947,000 | 1,947,000 | 1,947,000 |
| Balance forward | 23,722 | 131,036 | 107,314 | 551,558 | 821,368 | 1,483,178 | 1,908,674 |
| 2025 | 2026 | Change | Change% | 2027 | 2028 | 2029 | 2030 | |
|---|---|---|---|---|---|---|---|---|
| Total Budget - Funded | 25,233,204 | 26,753,194 | 1,519,991 | 6% | 27,664,115 | 29,064,730 | 29,645,024 | 30,236,925 |
| Total Budget - Funded increase | 7.24% | 6.02% | 3.40% | 5.06% | 2.00% | 2.00% | ||
| Municipal Contributions-Operating Increase | 5.50% | 8.00% | 6.50% | 6.50% | 4.50% | 3.50% | ||
| Municipal Contributions-Estimated Increase from prior year | 4.00% | 3.50% | 3.00% | 3.00% |
Page 71–72
2026 Budget and Five-Year Financial Plan
| 2025 | 2026 | Change | Notes | 2027 | 2028 | 2029 | 2030 | |
|---|---|---|---|---|---|---|---|---|
| Balance forward from Page 1 | 23,722 | 131,036 | 107,314 | 551,558 | 821,368 | 1,483,178 | 1,908,674 |
Capital Expenses
| Item | 2025 | 2026 | Change | Change% | Notes | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Library Materials - Operating | 1,364,249 | 1,398,541 | 34,292 | 2.5% | 9 | 1,433,505 | 1,462,175 | 1,491,418 | 1,521,246 |
| Hardware - Operating | 300,000 | 345,000 | 45,000 | 15.0% | 14 | 100,000 | 102,000 | 104,040 | 106,121 |
| Shelving - Operating | 80,000 | 82,400 | 2,400 | 14 | 84,460 | 86,149 | 87,872 | 89,630 | |
| Furniture and Equipment - Operating | 216,000 | 151,410 | (64,590) | -29.9% | 14 | 155,195 | 158,299 | 161,465 | 164,694 |
| Building Improvement - Operating | 75,500 | 77,765 | 2,265 | 3.0% | 14 | 79,709 | 81,303 | 82,929 | 84,588 |
| Vehicles - Operating | - | - | - | - | - | - | - | ||
| Branch Start-ups: | |||||||||
| Library Materials | - | - | - | - | - | - | - | ||
| Total Capital Expenses | 2,035,749 | 2,055,116 | 19,367 | 1,852,869 | 1,889,926 | 1,927,725 | 1,966,279 |
Transfers
| Item | 2025 | 2026 | Change | Notes | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|
| Transfer to Replacement Reserve | - | - | - | - | - | - | - | |
| Transfer from Replacement Reserve | (400,000) | (412,000) | (12,000) | (422,300) | (430,746) | (394,547) | (7,606) | |
| Transfer from Contingency Reserve | (175,986) | (437,080) | (261,094) | (579,011) | (587,812) | - | - | |
| Transfer from Personnel Contingency Reserve | (481,041) | (400,000) | 81,041 | (200,000) | - | - | - | |
| Transfer from Consulting Reserve | (200,000) | (400,000) | (200,000) | (100,000) | (50,000) | (50,000) | (50,000) | |
| Transfer from ITS Reserve | (430,000) | (275,000) | 155,000 | - | - | - | - | |
| Transfer from Library Materials Reserve | - | - | - | - | - | - | - | |
| Transfer from Enhancement Reserve | (325,000) | - | 325,000 | - | - | - | - | |
| Transfer to/(from) Reserves | (2,012,027) | (1,924,080) | 87,947 | 15 | (1,301,311) | (1,068,558) | (444,547) | (57,606) |
| Transfer to/(from) Accumulated Surplus | - | - | - | - | - | - | - | |
| Debt repayments | - | - | - | - | - | - | - | |
| Financed assets | - | - | - | - | - | - | - | |
| Total Transfers | (2,012,027) | (1,924,080) | 87,947 | (1,301,311) | (1,068,558) | (444,547) | (57,606) |
| Financial Plan Summary | 2025 | 2026 | Change | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|
| Financial Plan Balance | (0) | - | 0 | - | - | (0) | 0 |
| Reserve Balance | 6,877,306 | 4,953,226 | 3,651,915 | 2,583,357 | 2,138,810 | 2,081,204 |
Page 71–72
Extracted from: 2026 01 13 Committee of the Whole Meeting - Agenda - Pdf