Acquisitions Budget FY13
Our state funded acquisitions budget for FY13 is $1,777,292. The Libraries are permanently reallocating an additional $40,000 annually from Foundation funds and revenues (books sales and fines) in an effort to reduce the impact of the cuts. That makes our total acquisitions budget $1,817,292.
| Projected FY13 Base Budget | |
|---|---|
| State Funds | $1,777,292 |
| Foundation Funds | $25,000 |
| Revenue Funds | $15,000 |
| Total Budget | $1,817,292 |
Prior to reducing subscriptions, our projected expenditures were $1,911,010, taking into account a 6.5% increase for inflation and accommodations for new commitments. This would have resulted in a budget deficit of $93,718.
| Projected FY13 Budget Commitments (prior to reductions) | ||
|---|---|---|
| Ongoing Subscriptions | $1,754,000 | |
| Estimated FY13 inflation costs (6.5%) | $114,010 | |
| Alliance eBook Program | $26,000 | As agreed by Alliance Council |
| Additional JSTOR Databases | $17,000 | Per successful STF proposal |
| Total Expenditures | $1,911,010 | |
| Projected FY13 Budget Shortfall | ($93,718) | |
A total of $128,000 in subscriptions were canceled. The primary consideration was for titles where the cost exceeded $100.00 per use. In addition, the library worked with purchasing on an RFP that resulted in a contract with a new subscription agent that saved $20,000 in annual fees.
| FY13 Subscription Reductions (enacted) | ||
|---|---|---|
| Citation/abstract-only databases | $12,000 | Low priority re: faculty survey |
| Print-only subscriptions | $26,000 | Cost-per-use over $100.00 |
| Standing orders | $36,000 | Cost-per-use over $100.00 |
| Single-title electronic subscriptions | $54,000 | Cost-per-use over $100.00 |
| Change to new subscription agent | $20,000 | |
| Journal Packages: retain all | $0 | Cost-per-use range: $3.06 - $6.18 |
| Total Reductions | $148,000 | |
A combination of subscription reductions, one-time carry forward funds, and one-time special funding from the Provost is allowing the library to more than double its book and other one-time purchases over what could be offered in FY12. In addition, the judicious use of the interlibrary loan budget allows the library to provide access to far more materials than can be acquired through the acquisition budget.
| FY13 Acquisitions Budget | ||
|---|---|---|
| FY13 Book Budget | ||
| Savings (Reductions - Budget Shortfall) | $54,282 | |
| Carry Forward | $75,000 | One-time monies |
| Local eBook purchases | $30,000 | One-time funding from Provost |
| Alliance eBook initiative | $26,000 | |
| Total Book Budget | $185,282 | |
| Total Subscription Budget | $1,737,000 | |
| Total FY13 Acquisitions Budget | $1,922,282 | Base budget + one-time funding |
| Interlibrary Loan Budget | $85,000 | Fees and charges as needed |
| Total FY13 Resource Access Budget | $2,007,282 | |
| For more information on the Acquisitions Budget, please contact: | |
|---|---|
| Rick Osen Interim Dean of Libraries (360) 650-3051 e-mail: rick.osen@wwu.edu |
Jeff Purdue Collection Development Librarian (360) 650-7750 e-mail: jeff.purdue@wwu.edu |
