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South Okanagan Photos

ORL to vote on budget this week

Okanagan Regional Library 2015 Budget

Recommended budget increase is $291,850 to total expenditures of $17,274,023. This is a 1.72% increase over 2014 budget which had total expenditures of $16,982,173

Endowment Funds – something new for the library system

The 5 endowment funds are the ORL Board initial steps into ensuring that they are in a more visible position to be considered as possible options by general public when considering leaving money in their wills to charity. By having an entry level ORL fund in each of the major regional endowment funds, those who wish can choose to leave funds to the library in which case the library would get investment proceeds and the funds could build over time through investments and additional donations of the public.