Library Financial Management Essay Example | Topics and Well Written Essays - 1750 words

Library Financial Management - Essay ExampleBudgeting can in addition be used in program depository subroutine library as standards and measures for future performance.Budgets are basically of three types to wit line particular calculateing, program budgeting and zero based budgeting. The budget type that is used by Anamerican college library is line item budget as it outlines various expenditures and resources of the library along with the various swear outs that the library offers to its users. Dossett (2004) suggests that the line item budgeting is a type that is applied to almost every library setting. This type of budget classifies each sort of activity in a separate appearance.The program budget emphasises the services or programs that are tind by the library to its customers. Hence this budget allows a library to evaluate performance with discover to various programs that it offers. Seer (2000, p188) says that the primary characteristic of a program budget is that al l expenditures needed to provide that product or functions are grouped together. Zero based budgeting, on the other hand, maintains its decoct on the future aspects and accomplishment of the goals of the organisation. Zero-based budgeting ignores previous practice and insists that every budget fully proves its worth, not in respect of what happened in the past but solely in terms of current organisational objectives (Heery, 1999, p60). The line item budget that this library uses appraises its performance by outlining all the expenditures and resources, while comparing it to that of the previous year. Seer (2000, p188) says that a line item budget reflects input (what you are spending) not output (what your organization is getting for the money), resources not results. As Anamerican library uses line item budget to plan its various expenditures and evaluate the available support and resources, the budget also sheds light on several aspects of information services and roles it perfor ms. As indicated in the budget, the library provides various services such as referencing, circulation, and cataloguing to its users. The budget also shows various expenditures borne by the library towards employees salaries and benefits along with its information resources such as books, periodicals/serials, electronic reference materials, microforms etc. and other assets, which include computers for different uses. The referencing service of the library appears to be at the stronger side, with the library staff providing referencing and information services to the customers both on the practise of printed as well as online resources. These reference librarians also provide training and education to the users with regard to in effect(p) usage of all the materials available in the library. This is very important in when electronic resources constitute an uplifted part of information as well as the library sources. According to Gessesse (1997, p92), the fact that many library user s will not have direct access to equipment or the knowledge levels to use effectively the online environment, requires that librarians anticipate to be sophisticated translators of patrons needs. Interaction with users also allows reference