Allocating funds - library management system, Other Management

Assignment Help:

Allocating Funds:

Finance is the most important factor in document selection. Proper planning of finance is basic to good  acquisition  work. Every library works according to its budget. The total budget of the library will include a separate provision for books. This amount will have to be apportioned among three heads, namely books, periodicals, and binding. This amount thus set apart for books is the budget placed at the disposal of the Acquisition Department. This amount has to be used for purchase of books and other types of documents except current periodicals. For the balanced development of the collection, the books budget should be allocated among different subjects and categories. This budget allocation is done by the library authority or its delegated body like the Book Selection Committee. The librarian and the acquisition staff are also involved in this process  since they are the people to provide the information required for budget allocation to the authorities. Such information may relate to  a  actual and the potential needs  of the  clientele, the  current and future programmes  of the parent institutions, the strength and weakness of the  existing collection, the price range of publications in particular subjects, etc. These and other types of information can  also be used by the library to obtain enhanced budget provisions.  However, once the  allocation is finalised, acquisition work has to conform to the financial discipline dictated by it.  


Related Discussions:- Allocating funds - library management system

Roles of government in the economic development of a country, Question 1: ...

Question 1: (a) What are the main roles of Government in the economic development of a country? (b) What are some of the emerging issues affecting the role of Government?

Procurement management, Overview of Procurement Management   Let us star...

Overview of Procurement Management   Let us start our discussion with an overview of project procurement management. Procurement management is an important knowledge area in pro

Binding policy for libraries - library management, Binding Policy for Libra...

Binding Policy for Libraries Most libraries acquire various kinds of materials which need differential handling and care. The question is: what is an adequate programme of co

Human resource development , HUMAN RESOURCE DEVELOPMENT  OBJECTIVES ...

HUMAN RESOURCE DEVELOPMENT  OBJECTIVES Human resources constitute the most important of all resources of any organization. Attention to managing and modulating this resource

Elements of binding - library management, ELEMENTS OF BINDING: The wea...

ELEMENTS OF BINDING: The wear and tear of books and other documents are normal features of most modem libraries. Binding and repair of damaged books and preserving them for lo

Procedure of document selection - library administration , Procedure: ...

Procedure: The actual process  of document selection may be initiated in different ways. The acquisition staff take note of the desirable items and present them to the subject

Classification terminology - library management, SOURCES OF CLASSIFICATION ...

SOURCES OF CLASSIFICATION TERMINOLOGY: The following are sources for classification terminology : a) ALA Glossary of Library Terms; 1956 b) BLISS (H E), Bibliographic Cl

Analyse the scope of event management, Question 1 The role and scope of...

Question 1 The role and scope of event management is to deliver successful events. Analyse the scope of Event Management Question 2 Prepare a list of all the legal duti

Impact of electronic media, Problem 1: Explain and comment on the diffe...

Problem 1: Explain and comment on the different stages of development that have produced our present day mass media. Problem 2: The impact of electronic media is strong

Explain the relationship between treasury and alm, Question 1 Suppose you ...

Question 1 Suppose you are the CEO of MS Bank Corporation. Your bank is facing interest rate risk which has affected its operation significantly. Explain the factors that influenc

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd