File Number: OPLB-2025-0311-10.3
Report Recommendations:
That the Ottawa Public Library Board:
1. Receive this report for information;
2. Approve the disbursement of the 2024 operating surplus of $1,857,404 as follows:
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- $357,404 of the 2024 operating surplus in Ottawa Public Library (OPL) be transferred to the Library Reserve; and,
- $1,500,000 of the 2024 operating surplus in Library Services be appropriated for the purchase of a new Bookmobile through the creation of a new capital account, as further described in this report; and,
3. Upon the Ottawa Public Library’s Board’s approval of the transfer and use of the Library operating surplus, direct staff to work with the City’s Financial Services Unit to forward the report to the Ottawa City Council, for consideration as part of the Disposition of the 2024 Tax and Rate Supported Operating Surplus / Deficit report through the City’s Finance and Corporate Services Committee.