Date: Thu, 01 Jun 2006 13:04:46 -0400
From: Lauren Corbett (Emory U.) <lcorbet_at_emory.edu>
Subject: RE - Collection valuation
Dear Acqnet,
The only thing I can add is how I've heard others do insurance valuation
using a base figure
and calculating each new year's increase:
Use library statistics of volumes added multiplied by Bowker average
book costs plus library
serial volume stats and costs from an annual article in Library Journal
(I'm not familiar with this
so searching would be required to find a citation) plus the inflation on
the microform renewal and
then add salary increase. I know this is vague, but I never used it
myself; it's just notes in a file.
I'm not sure it's the best method.
Lauren
-- Earlier response & original posting:
Date: Thu, 11 May 2006 07:46:39 -0400 (EDT)
From: Joanne Deeken (U. of TN-Knoxville) <jdeeken_at_utk.edu>
Subject: RE - Collection Valuation (1 response)
I can't answer Janet's question directly. I don't know of any formula
for valuing a collection.
What I can say is that the University of Tennessee (and several other
institutions where I worked) considers library materials as a CAPITAL
expense. We give auditors figures on expenditures annually. Typically,
other capital expenses are things like buildings or equipment. There
are standard depreciation rules/schedules that are used to show the
replacement costs over time.
Of course, depreciation means that the longer we have owned an item, the
less it is "worth", but at least this process is an accepted accounting
practice and can be used as an "objective" valuation for insurance
purposes.
JoAnne Deeken
University of Tennessee
Original message:========================================
Date: Wed, 26 Apr 2006 13:59:21 -0400
From: Janet Fischer (Golden Gate U. Law Library) <jfischer_at_ggu.edu>
Subject: Collection valuation
I've been searching for a "quick" formula for determining the value of a
collection
for insurance purposes. I did search the archives and didn't find
anything recent.
Does anyone have any suggestions? I'm especially looking for values for
an academic
law library. Thanks.
Janet
Janet Fischer
Acquisitions/Government Documents Librarian
Golden Gate University Law Library
536 Mission Street
San Francisco, CA 94105
phone: 415-442-7826
fax: 415-512-9395
email: jfischer_at_ggu.edu
http://www.ggu.edu/lawlibrary
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Received on Sun Jun 11 2006 - 17:17:44 EDT