The Friends of the Libraries Spring 2018 Newsletter is available for viewing or download from CORE Scholar. This two page newsletter details events held by the Friends of the Libraries including the winners of the Student Assistant Awards, the winners of the Top Scholars awards, details of the Annual Luncheon, Staff Grants, National Library Workers Day, and funding for the StAR Awards. The newsletter and additional information about the Friends is available here Friends of the Libraries.
Library Materials Budget
The Impact of Inflation:
The University Libraries’ materials budget has not increased since FY 2009. After reductions of 6.6% in FY 2010, 3.5% in FY 2012, and 5% in FY 2018, our budget is being cut by 20% for FY 2019. During that same ten-year period, journal costs have risen on average 5% to 6% per year, and book costs have increased 1% to 2% per year. Simply put, our materials budget has not kept pace with inflation.
The Role of OhioLINK:
Because of our membership in OhioLINK, we have access to far more resources (online journals, e-books, and various databases) than we could ever hope to provide on our own. Because of OhioLINK’s negotiating power, our contribution to OhioLINK resources increases at a slower pace (typically 3% or less per year), but it still represents a significant, and growing, part of our budget. We are projecting OhioLINK expenditures of $1,852,000 for FY 2019.
The Role of Local Purchases:
After our OhioLINK commitments, we will have $1,235,000 to spend on other resources; we plan to allocate that amount as follows:
- Books: $175,000
- Streaming Media: $30,000
- Databases: $325,000-$385,000
- Journals: $610,000-$670,000
- Other: $35,000
These allocations represent substantial reductions in all categories, but the two that are of immediate concern are databases and journals. We started the planning with database cancellations because most of the subscriptions renew on July 1. Once we finalize those decisions, we will determine the final dollar target for journal cancellations. To meet the current target of $610,000 to $670,000, we anticipate that we will have to cancel about half of our existing local journal subscriptions. Those decisions need to be complete by September 1, so that subscriptions can be cancelled well in advance of the typical January 1 renewal date.