[Libs-Or] New book at State Library: Financial Management in Academic Libraries

[Ross Fuqua]

This new book is available for interlibrary loan from the State Library of Oregon. It is part of the Library and Information Science Collection<http://osl-lis.blogspot.com/>, which is supported in whole by the Institute of Museum and Library Services through the Library Services and Technology Act (LSTA).

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Dugan, R. E., & Hernon, P. (2018). Financial Management in Academic Libraries: Data-Driven Planning and Budgeting<https://osl-lis.blogspot.com/2018/02/financial-management-in-academic.html>. Chicago, IL: Association of College & Research Libraries. ISBN: 9780838989432.

Publisher's Description
An academic library's budget and expenditures demonstrate its accountability, effectiveness, efficiency, and sustainability to its institution. All library managers must understand and manage budgets, from planning through implementation, reporting, and conducting audits. Budgeters also need familiarity with the use of metrics, the ability to relate the use of the data gathered to improved performance and organizational efficiency, and automated management information systems to effectively tell their library's story and advocate for budgetary support.

In its first eight chapters, with tables, figures, data application, and exercises throughout, Financial Management in Academic Libraries: Data-Driven Planning and Budgeting covers the various stages and topics involved in managing budgets: planning; the types of budgets used in academic institutions; the overall budgeting process as well as a specific process in program budgeting; managing a budget during the fiscal year and its aftermath; and providing reports on the budget. The ninth chapter introduces general concepts to help address budget reduction strategies, potential fraud, and financial best practices. And the final chapter elevates the discussion from financial management to financial leadership, the articulation of a detailed vision, and the realignment of the budget with the promises specified in that vision.

Financial Management in Academic Libraries explores the connection between financial management and accountability, effectiveness, efficiency, and sustainability, and demonstrates how to capture them in a realistic, data-supported budget. Among the different units of an academic institution, the library has an advantage in that its managers can link these concepts to the library's infrastructure, its staffing, collections, services, and technology. Focusing on these components can enable everyone in the library to work to achieve organizational sustainability over time and advocate for their place in the institution.
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If you would like to request this or other materials from the State Library of Oregon please use your library's established interlibrary loan process (e.g. OCLC or ALA request form). Otherwise, send your full name, the name of your library, complete title information, shipping address, and a phone number to the document delivery department at library.request at state.or.us<mailto:library.request at state.or.us> or (fax) 503-588-7119. Items will be checked out to your library, not to you personally, for 4 weeks (print materials) or 2 weeks (videos). Materials will be delivered via mail or Orbis Cascade Alliance Courier, and you may return them the same way. Normally a single copy is purchased and is loaned on a first-come-first-serve basis. You may be put on a hold list for several weeks.

Most library staff are able to use their library's interlibrary loan service to borrow professional development material. However, if you do not have access to these services or are not currently affiliated with a library, please contact me<mailto:ross.fuqua at state.or.us> to discuss alternative options for borrowing the material.

Be sure to check out our Library and Information Science (LIS) blog<http://osl-lis.blogspot.com/> to discover the most recent additions to our LIS collection and search our catalog<https://ccrls.ent.sirsi.net/client/en_US/oslpublic/> for our complete holdings. The library science collection is meant to support the whole Oregon library community. Library Support and Development Services welcomes your suggestions for acquisitions - see the blog for an input form or email us!

Ross Fuqua
Data & Federal Programs Consultant
503-378-5027 | www.oregon.gov/osl/ld<http://www.oregon.gov/osl/ld>
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