I am also interested in this topic. We also have funds for the separate academic departments. I would be curious to how you have dealt adjusting the funding formula to account for strategic priorities (either library or campus).
Thanks!
Buddy Pennington
Director of Collections and Access Management
University of Missouri--Kansas City
308 Miller Nichols Library
800 East 51st St.
Kansas City, MO 64110-2499
penningtonb_at_umkc.edu<mailto:penningtonb_at_umkc.edu>
816-235-1548
816-333-5584 (fax)
UMKC Libraries<http://library.umkc.edu/>: Where great minds meet!
From: acqnet-l-bounces_at_lists.ibiblio.org [mailto:acqnet-l-bounces_at_lists.ibiblio.org] On Behalf Of acqnet-l_at_lists.ibiblio.org
Sent: Friday, March 07, 2014 3:37 PM
To: ACQNET-L
Subject: [ACQNET-L] Allocation Formulas / Budget Reductions
Dear Colleagues,
Our library is exploring possible ways of reconfiguring our current allocation formula.
At the University of Scranton, the acquisitions funds are allocated to departments. Each department determines how to expend those funds among books, periodicals, standing orders and electronic resources. We use an allocation formula that has four factors to allocate new funds that are added to the base budget. The factors are: number of courses taught in the discipline, FTES in those courses, FTEF teaching the courses and cost of acquiring materials in the discipline. The cost factor looks at average prices of books and journals and the dependency of the department on these materials types.
We are interested in finding out what other libraries are doing with respect to the allocation of acquisitions funds to departments in these days of high inflation and budget reductions.
1. Does your library use an allocation formula for new funding only or for your base budget?
2. If you have had a reduction in your acquisition budget, what process did you use to reallocate funds? Did it involve any type of formula?
If you are able to share this information with us we would greatly appreciate it. Please send it directly to my email address: narda.tafuri_at_scranton.edu<mailto:narda.tafuri_at_scranton.edu>.
Thank you for your kind assistance!
Narda Tafuri
Narda Tafuri<mailto:narda.tafuri_at_scranton.edu>
Associate Professor
Coordinator of Technical Services
The University of Scranton
Weinberg Memorial Library
Scranton, PA 18510
Voice - (570) 941-7811
Fax - (570) 941-7809
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Received on Mon Mar 10 2014 - 19:11:04 EDT