Library FY08 Budget

1
LibraryFY08 Budget

• August 1, 2007

2
Context

• Tight budget year we got some money most units
  didnt nearly every penny is committed
• Imperative from University administration to
  create efficiencies/new models. We must do
  things differently.
• Less student wage money next year
• Loan payments will come from operations budget
  next year
• Exactly what fees will fund still unknown

3
Sources of New Funds

• 750,000 allocation
• 76,000 lapsing student wage reduction
• 225,000 (one-time minimum wage)
• Loan repayment from one-time funds 300,000
  (frees operational funds)
• Total 1,351,000

4
Notes

• Salary situation still unsettled.
• Collection increase for Law comes from 750,000
  allocation
• Sufficient carry-over to make FY08 loan repayment
  of 300,000 unlikely for FY09 (last year of
  repayments)

5
Notes

• One-time minimum wage will be applied so units
  have same spending power as original FY07 budget,
  adjusted downward for historical under spending.
  No temp monies or adjustments for over spending.
  225,000 is one-time only student wages will
  have to be adjusted in FY09 or money moved from
  other things.
• GAs required wage increases are unsustainable.
  Current allocations stand but study is underway
  to see where reductions might be made.
  Reductions are essential.

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Allocations of New Funds 1,351,000

• 201,000 taxes
• 28,000 promotions (Library match)
• 24,000 CARLI/OCLC
• 253,900 total
• These are definite commitments that have to be
  met
• 1,097,100 available

7
Allocations of New Funds

• 595,000 collections
• 39,300 Law collections
• 48,000 GA rate increase
• 120,000 digitization
• 80,000 digitization one-time from unrestricted
  funds - additional
• 75,000 facilities

8
Allocations of New Funds

• 75,000 IT
• 75,000 IT one-time from unrestricted
  funds-additional
• Still to be vetted by advisory committee
• 56,000 gaming initiative (to be vetted)
• 20,000 Web Content Group (to be used as needed
  not for Gas)
• 25,000 scholarly commons
• 23,000 Facilities clerk
• 20,000 Reserves

9
FEES

• Extended hours UGL and Grainger
• Start planning for UGL Renovation
• Other still unknown