Vancouver Island Regional Library adopts 2022-2026 financial plan – BC Local News
The Vancouver Island Regional Library (VIRL) Board of Trustees adopted the Financial plan 2022 – 2026: reorganized, relaunched, ready! .
At the September 25 meeting, the board adopted a balanced budget of $ 31,274,714 for 2022. Municipal and regional taxes will contribute $ 25,440,431 to the library budget, an average increase of 3.84% over until 2021.
Since the board approved a one-year hiatus on all new capital projects for 2022, the total budget has grown from $ 39 million in 2021.
The budget was seconded by all the directors present.
“Budget 2022 recognizes the persistence of the global COVID-19 pandemic and also reflects VIRL’s remarkable ability to adapt our services to support our communities during this difficult time,” said Joel Adams, VIRL’s chief financial officer. “By taking a long-term view and recognizing the important role our libraries can play in helping our communities recover, our board of directors signals their confidence in our people, our services and our ability to innovate and grow. “
In adopting the 2022 budget, the board agreed to a one-year hiatus on all new capital projects in 2022. This follows skyrocketing construction and material costs following the pandemic, and offers VIRL the opportunity to reassess capital priorities as costs begin to rebound.
Some projects will continue in 2022 as the projects were well advanced by the time the hiatus was enacted. For more information on VIRL’s capital projects, visit the website Capital projects page.
“If 2020 has shown anything to the board, it’s that VIRL has the resilience and responsiveness to overcome the challenges of the pandemic,” said Gaby Wickstrom, VIRL board chair. “From the ongoing resumption of the pandemic to the pursuit of true and meaningful reconciliation, serving marginalized community members to ensure families have spaces to interact, this budget reflects the board’s commitment to library services.” on Vancouver Island, Haida Gwaii and the Central Coast. ”
For more information on the 2022-2026 Financial Plan, visit www.virl.bc.ca/about/reports-and-plans/.
– NEWS Staff, subject
Parksville Qualicum Beach News