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BUOGET 1990
FRASER VALLEY REGIONAL LIBRARY - Page One

INTRODUCTION |

At its meeting on Apri] 19th, 1989, the Library Board instructed the
| Administration to prepare a budget which addressed the needs of Year
One 1990 of the Five Year Plan. 411] such needs are addressed in this
document except for increases to the matariais budget. Materials
budget increases identified in Year One would add a further one
: miliion dollars to the budget increases {identified in this document.

The stated needs addressed are:

Materials Budget $186,090
Additional Staffing $177 ,06)
| Upgrade Headquarters $ 35,000
Upgrade Automated System $126,880 |
| | Fundraising $ 30,000 :
| Trustee Development $ 5,000

“

a The budget then {s a clear statement of basic library needs as
oo identified in Year One of the Five Year Plan as well as ongoing
| operational needs and commitments. It proposes a spending plan
| increase of $994,601.00 or 15.58% with an average increase of 17.55%
in member assessments, Average member asessments Per capita will
increase by $1.69 to $14.73,

“ On the revenue side, no increase in the Provincial Grant {gs expected

i ok but other sources of income, excluding member assessments, ara

Po | projected to increase by $90,255, dependent on increases in fines and
; hon resident fees detailed elsewhere.