over that of 1978,

{Gey This figure of represents an increase in LTA of

As can be seen from the attached sheet, Port Coquitlam's share
of the total LTA for F.V.R.L. is 53.6% making a total assessment of
“$2,503,768 which is approximately(12. 6% above that of 1978.

In addition to the LTA for Port Coquitlam of G141, 348.)
an additional@39,515)ic included making a totel of $180,863. for 1979.
The ($39,515) is Port Coquitlam's share of the cost of the new Headquarters
building” fo be built at Abbotsford,

In 1978, Council put aside $7,790 at the request of the F.V.R.L.
to offset the Headquarters building cost, and therefore the total amount due

F.V.R.L. for 1979 is
$180,863. -— $7,790. = $173,073.

Mr. McConnell, Office Manager of F.V.R.L. has advised that
the Minister of Municipal Affairs has stated that the Capital portion
of the F.V.R.L. Budget is exempt from the 5% ceiling imposed by the
Minister of Finance. In view of this sratement it is recommended that
the $7,790. from the 1978 Budget be used to offset the increase in LTA.
The actual amount required from the 1979 Budget to meet the Port Coquitlam

LTA would then be

* excluding the 39,515) oxinacely(o building Capital Cost).

This represents an increase of approximatel

Comment on 1979 F.V.R.L. Provisional Budget

The actual increase in the operating Budget for 1979 is $276,401.
The majority of this amount ($240,000.) is due to the increase in salaries
and benefits and takes into account the increase in staff which occurred

part way through 1978.

In addition to the $276,401. increase is a further $139,733. which
is the F.V.R.L. share of the expansion costs of the new branches at Langley,

Guildford and Whalley.

It will be noted that the Library Services Branch have increased
their per capita Brant to the F.V.R.L. from $296,551. to $417,181. There
28 some doubt in my mind as to how long we will continue to receive this
size of grant as in the future it will be dependant on the "level of service"
we provide. Despite this increased grant, it will be noted that the book
budget is less than that of 1978. Of the tctal operating budget less than
20% is spent on the purchase of new books,