Date: Tue, 11 Mar 2014 14:27:04 +0000
To: "acqnet-l_at_lists.ibiblio.org" <acqnet-l_at_lists.ibiblio.org>
Hi all, I attended a very good pre-conference in Charleston a few years ago on just this topic. The presenters were Jeff Bailey and Linda Creibaum of Arkansas State University. They shared their weighted allocation formula, which was very flexible in what factors you include (such as student credit hours per department, number of majors per department, number of faculty per dept., and so on) and what weights you want to assign to each. And their formula was based on one used by Colorado State University, which was published as SPEC Kit #36. I bet Jeff and Linda would be happy to share their formula. I am hoping to implement this in our next fiscal year. One piece that we would like to include is the relative importance of journal literature vs. monographs in each department, but we can't think of an objective way to quantify that information. If anyone has come up with something, I'd love to hear it! Katy G. Katy Ginanni, Collection Development Librarian Hunter Library, Western Carolina University 176 Central Drive Cullowhee, NC 28723 ksginanni_at_email.wcu.edu<mailto:ksginanni_at_email.wcu.edu> 828-227-3729 office I'll be going to the NASIG conference in Fort Worth, Texas on May 1-4, 2014. Will you? [NASIG_FULLLOGO] 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: Monday, March 10, 2014 2:59 PM To: acqnet-l_at_lists.ibiblio.org Subject: Re: [ACQNET-L] Allocation Formulas / Budget Reductions 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> [mailto:acqnet-l-bounces_at_lists.ibiblio.org] On Behalf Of acqnet-l_at_lists.ibiblio.org<mailto: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 _______________________________________________ ACQNET-L mailing list ACQNET-L_at_lists.ibiblio.org http://lists.ibiblio.org/mailman/listinfo/acqnet-l
