Appendix
Appendix 1 - Reserve Fund Balances
January 13, 2026Page 782 sections
Status report of GVPL's reserve funds including ITS replacement, personnel, and contingency funds.
Total Reserve and Unrestricted Funds (Forecasted 2030): $4,179,433
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Appendix 1 - Reserve Fund Balances
| Reserve Fund | Dec 2024 Balance | 2024 Surplus Alloc | Jan 1/25 Balance | Planned 2025 | 2026 Budget | Planned 2027-2030 | Forecasted Balance 2030 |
|---|---|---|---|---|---|---|---|
| Replacement | 1,768,274 | 200,000 | 1,968,274 | (400,000) | (412,000) | (1,255,199) | (98,925) |
| Personnel | 1,429,462 | - | 1,429,462 | - | (400,000) | (200,000) | 829,462 |
| Library Material | 712,185 | 24,119 | 736,304 | - | - | - | 736,304 |
| ITS Replacement | 780,255 | 363,000 | 1,143,255 | (789,000) | (275,000) | - | 79,255 |
| Consulting Reserve | 838,794 | 50,000 | 888,794 | (205,000) | (400,000) | (250,000) | 33,794 |
| Contingency | 2,187,363 | 112,471 | 2,299,834 | - | (437,080) | (1,166,823) | 695,931 |
| BC Enhancement Grants) | 1,147,703 | 40,095 | 1,187,798 | (1,187,798) | - | - | - |
| Total Reserve Funds | 8,864,036 | 789,685 | 9,653,721 | (2,581,798) | (1,924,080) | (2,872,022) | 2,275,821 |
| Capital Improvement Fund | 1,903,612 | 1,903,612 | |||||
| Total Reserve and Unrestricted Funds | 11,557,333 | (2,581,798) | (1,924,080) | (2,872,022) | 4,179,433 |
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Extracted from: 2026 01 13 Committee of the Whole Meeting - Agenda - Pdf