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Board hears HVAC replacement will drain capital reserves

Grand County Public Library Board · March 12, 2026
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Summary

Library staff told the board the HVAC replacement will be funded by leftover construction capital funds, remaining bond proceeds, and the library's fund balance, a mix that will leave little to no funding for other needed building repairs.

Library Director Carrie Valdes told board members the HVAC replacement project "will be paid for via a combination of three funding sources: (1) a small amount of money in the capital projects account that's left over from the building's construction, (2) funds remaining from the bond used to build the library, and (3) money in the library's fund balance." She warned that using those three sources for HVAC work "will leave little to no funds available to address the building's other capital project needs."

Board members discussed the tradeoffs of addressing HVAC immediately versus preserving funds for other repairs. Valdes framed the decision as a near‑term necessary expense that reduces flexibility for other capital work and said staff and county administration will continue to examine options for funding future capital needs.