The purpose of the policy is to ensure that sufficient funds are available for major equipment replacement expenditures. The policy defines equipment replacement expenditures and outlines provisions to the research and investment. It also outlines the use of the reserve funds and what reporting measures are required from the Saskatoon Public Library. The policy defines the roles and responsibilities for the City Treasurer, Board of Directors of Saskatoon Public Library, and General Manager, Corporate Services.
This policy was last updated on May 2, 2005