Financial management in academic libraries : data-driven planning and budgeting /

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Bibliographic Details
Main Authors:	Dugan, Robert E., 1952- (Author), Hernon, Peter (Author)
Corporate Author:	ProQuest (Firm)
Format:	Electronic eBook
Language:	English
Published:	Chicago, Illinois : Association of College and Research Libraries, a division of the American Library Association, 2018.
Subjects:	Academic libraries > Finance.
Online Access:	Connect to this title online (unlimited simultaneous users allowed; 325 uses per year)

Table of Contents:

Machine generated contents note: ch. 1 Planning
Why Plan?
Table 1.1 Resources Available for Academic Libraries to Learn about Expected Future Trends
Factors in Planning
Planning Techniques
Standards and Guidelines
Table 1.2 Mapping Collection Development to ACRI Standards jar Libraries in Higher Education, 2011
Forecasting
Management by Objectives
Total Quality Management
Strategic Planning
Major Components of a Long-Term Strategic Plan
Box 1.1 Strategic Plan
Box 1.2 Objective I and Activities
Table 1.3 Objective 1: Selected Portions of Crosswalk to University Strategic Plans
Strategic Finance and Planning
Table 1.4 Strategic Finance Expenditure for Objective 1: Collections
Conclusion
Exercises
Notes
Bibliography
ch. 2 General Concepts: Just So We Are on the Same Page
Table 2.1 Core Values of Librarianship
Systems Model
Figure 2.1 Systems Model
Accountability
Financial Management Cycle
Table 2.2 Financial Management Calendar FY2018-FY2021 Based on Calendar Years
Basic Steps
Management Information Systems
Other General Concepts
Conclusion
Table 2.3 MIS Example
Exercises
Notes
Bibliography
ch. 3 Types of Budgets
Budgets
Types of Budgets
Lump Sum Budgets
Line-Item Budgets
Table 3.1 Line-Item Budget
Table 3.2 Selected Detailed Line-Item Budget
Formula Budgets
Figure 3.1 Collection Development Formula
Program Budgets
Table 3.3 Monographs Formula Budget
Box 3.1 Example of a Budget Request Aligned to Objectives
Modified Program Budgets
Performance Budgets
Resource-Centered Budgets
Zero-Based Budgets
Conclusion
Exercises
Notes
Bibliography
ch. 4 Budgeting
Sources of Funds
Types of Costs
Direct and Indirect Costs
Fixed and Variable Costs
Overhead Costs
In-Kind Costs
Capital Costs
Controllable and Non-controllable Costs
Note about Costs
Where Do We Get Information for Budgeting?
Table 4.1 Example of Past Year Expenditures
Data Used for Budgeting
Table 4.2 Student Head Count by Class Level
Table 4.3 College of Business Students, 2014 and 2015
Staff and Staffing
Box 4.1 Example of a Staffing Plan for the Circulation Department Aligned to Strategic Plan
Table 4.4 Example of a CUPA-HR Salary Table
Collections
Allocation Formulas
Table 4.5 Monograph Allocation Formula
Consortia
Additional Collections Expenditures
Table 4.6 Past Year Collection Expenditures for Select Academic Departments
Every So Often...
Other Sources of Data for Collections
Technologies
Box 4.2 Evaluation Section from a Library's Technology Plan
Facilities
Conclusion
Table 4.7 Monthly Entrance Data from Daily Reports by Hour
Exercises
Notes
Bibliography
ch. 5 Program Budgeting
Program Budgets in General
Variations in Program Budgeting
Example of Developing a Program Budget
Program Budgeting and the Library's Strategic Plan
Program Budgeting and the Budget
Program Budgeting and Metrics
Program Budgeting Template
Table 5.1 Program Budget Template
Table 5.2 ILL Measures of Success from Previous Fiscal Year
Conclusion
Exercises
Notes
ch. 6 Managing a Budget during the Fiscal Year
Control: A Technical Term and Function
Control Tools
Figure 6.1 PERT Chart
Policies Influencing Financial Management
Table 6.1 Print Collection Valuation Report for Risk Management
Monitoring Budget Expenditures
Table 6.2 Expenditure Percentages during the Fiscal Year
Conclusion
Exercises
Notes
Bibliography
ch. 7 Reports and Reporting
Internal Reporting
Table 7.1 Example of a Budget Status Report
Table 7.2 Example of Detail from a Budget Status Report for General Operating Supplies
Table 7.8 Expenditure Summary for Managers
External Reporting
Table 7.4 Part of the Worksheet for the ACRE Annual Survey Form
Table 7.5 IPEDS Academic Libraries Survey for Expenses, 2016--2017
Table 7.6 National Association of Schools of Music, Library and Learning Resources
Annual Report
Table 7.7 Example of Expenditures from Annual Report
Audits
Conclusion
Exercises
Notes
Bibliography
ch. 8 Uses of Expenditures Data
Evaluation and Assessment Processes
Metrics Used by Academic Libraries
Financial Metrics
Calculating Unit Costs
Table 8.1 Cost per Database Use
Table 8.2 Unit Costs for Interlibrary Loan
Table 8.3 Cost to Answer a Reference Question
Library Value from a Financial Perspective
Money and Time
Cost-Benefit Analysis
Intellectual Capital
Return on Investment
Table 8.4 Library Return on Institutional Investment
Value of Usage
Table 8.5 Student Value of Usage Worksheet
Figure 8.1 Student ROI Calculator
Potential and Actual Value
Financial Metrics for Studies on Benchmarking and Best Practices
Benchmarking
Table 8.6 Benchmarking: Salary and Wages Expenditures per Enrolled Student
Best Practices
Table 8.7 Best Practice: Peer Libraries with Collection Expenditures Exceeding 50 Percent of Total Expenditures
Table 8.8 Best Practices: Collection Expenditures per FTE Student
Conclusion
Exercises
Notes
Bibliography
ch. 9 Smorgasbord: Budget Reduction Strategies, Fraud, and Best Practices
Reductions in Expected or Allocated Budgets
Table 9.1 Reducing a Budget as Aligned to a Strategic Plan's Objectives
Library Fraud
Conclusion: Summary of the "Best of" Best Practices
Exercises
Notes
Bibliography
ch. 10 Financial Leadership
Table 10.1 Differences between Financial Management and Financial Leadership
Leadership
Leadership Theories
Developing a Fuller Vision
How to Develop the More Detailed Image of the Future
Translating a Vision into an Action Plan
Box 10.1 Expanding Service Roles
Conclusion
Exercises
Notes
Bibliography
Appendix. Answers to Exercise Questions
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Chapter 7
Chapter 8
Appendix Table 1 Instruction Program Budget Expenditures Template
Chapter 9
Chapter 10.

Financial management in academic libraries : data-driven planning and budgeting /

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