8

Collection budgets

Abstract:

All libraries must work within the constraints of available resources. No library has unlimited space or funding. Controlling costs is essential. Many libraries outsource processing, selection, and other parts of the lifecycle as a response to these limits. Donations, grants, and other alternative funding sources should be included in budgeting strategies.

Key words

budget

item cost

affiliate program

outsourcing

negotiation

group discount

fundraising,

book sale

interlibrary loan

collection philosophy

In tough economic times, libraries have to tighten their budgets. A 2009 survey by Library Journal revealed that the biggest challenge to libraries was rising materials prices, followed by escalating energy costs ...

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