4 apart Fy ®,
he Ags
Wed

mile

PAN Chan
ote
bari
Le

¢
Psi ketes
ay y

yee ‘
as, tay
Ay Bae

aot
i ; sat Bh ‘ :
Ae ie TA Sae beg Oe ME ALES ! " % i ees,

dele T bb tee
i

The City of Port Coquitlam
MEMORANDUM

B. Kirk DATE: May 28, 1992
City Administrator

J. Maitland, City Treasurer -
Deputy Administrator

ia

Fraser Valley Regional Library Funding Formula JUN 1- |

RECOMMENDATIONS:

1) That City Council endorse that the FVRL continue to use the present funding formula
of 50 percent lagged actual assessment anc 50 percent population be used for the
1993 budget year.

2) That City Council request the PVRL to undertake a review of the funding formula
once the 1993 assessment information is available.

BACKGROUND & CO}

In order to continue usage of the present formula recommendation number one must be

roved unanimously by member councils and school boards. For the last iwo years this
has not happened and the library board has had to ask the Minister of Municipal Affairs to
set the formula for the budget year concerned.

My main concer with the present formula is that as our levy is based upon assessment we
end up paying more than some other municipalities as a result, for example in 1991 our
levy worked out to some $3 per capita more than Mission and roughly $1.75 per capita
more than Chilliwack.

I would like to review other possible means of allocations such as:

having a core cost for administration of the FVRL allocated on a similar system as
now

and allocating library service costs either directly to the areas where the service is
provided or perhaps allocate these costs based upon the place of residence of the

users of the library system.

This review will be required as there may be significant changes coming as a result of new
assessment values as well as new census information.

Y

"Maitland, City Treasurer -
Deputy Administrator