Floating Funds in a Shrinking Lake

Allocating Academic Library Budgets: Adapting Historical Data Models at One University Library

“…Clark and McCaslin cite three main benefits from developing an allocation formula: flexibility, ease in adding new allocations for new subject areas, and accountability between librarians and departmental faculty. They also refer to an unintended benefit in departmental accreditation assessment since allocations for departments are clearly delineated (Clark and McCaslin 2005).…”

Aligning collections budget with program priorities: A modified zero-based approach

“…Although it was possible to improve the formula by incorporating other activities-driven variables with the appropriate performance measures, as mentioned in the library literature(Clark, McCaslin and George, 2005;Sudarsan, 2006;Weston, 2004), such as, the extent of library use, instruction in terms of credit hours, program level, research funding and publication index, the weakness of the formula based allocation was generally realized by the senior library management team. In short, the formula based allocation did not cater for actual needs, new program, research needs and particularly interdisciplinary needs.…”