Financial management for libraries / William W. Sannwald.

Format:

Book

Author/Creator:

Sannwald, William W., author.

Language:

English

Subjects (All):

Library finance--United States--Handbooks, manuals, etc.

Library finance.

Physical Description:

1 online resource (217 pages)

Edition:

1st ed.

Place of Publication:

Chicago : ALA Neal-Schuman, [2018]

Summary:

Presenting financial management principles and best practices applicable to both public and academic libraries, this comprehensive text elucidates a broad array of issues crucial for those entering a managerial position.

Contents:

Financial Management for Libraries

Title Page

Copyright Page

Contents

Tables, Figures, and Exhibits

Preface

1. Introduction to Budgeting and Strategic Planning

Learning Objectives

What Is a Budget?

Budgeting and the Library's Strategic Planning Process

Types of Budgets That May Be Used in Libraries

Budgetary Approaches

Budgetary Tools

Financing Libraries

Budgetary Controls

Cash Flow, Forecasting, and Tools for Determining the Size of the Budget

Forecasting

Budget Planning Team and Budget Preparation Process

Budget Presentation

Exercises

References

2. Accounting Concepts

Accounting History

Financial and Managerial Accounting

Basic Accounting Equation

Generally Accepted Accounting Principles (GAAP) and the Governmental Accounting Standards Board (GASB)

The Auditing Process

Cash-Basis and Accrual-Basis Accounting

The Balance Sheet

The Income Statement

The Statement of Cash Flows

Chart of Accounts

Accounting Cycle

Summary

Exhibits

3. Library Budget Development

Budget Calendar

Budget Process Questions

Budget Checklist

How Is the Dollar Amount of the Library's Budget Allocation Determined?

San Diego State University

Chula Vista Public Library

Schaumburg Township District Library

Budget Development Team Participants

4. Library Performance Measures and Operating Ratios

Standards, Inputs, Outputs, Processes, Satisfaction, and Outcomes

Standards

Inputs and Outputs

Processes and Satisfaction

Outcomes

Benchmarking

Steps in the Benchmarking Process.

Criteria for Selecting a Benchmarking Set

Data Sources

ACRLMetrics

Public Library Data Services

Edge

State and Local Resources

Operating and Financial Ratios

Programmatic Needs

What Can We Afford?

5. Budgeting and Forecasting

Budgeting

Types of Budgets

Master Budget

Operating Budget

Financial Budgets

Capital Budgets

Other Budgets

Budget Buildup

Budgeting Techniques or Formats

Line-Item Budgets

Program Budgets

Performance Budgets

Zero-Based Budgets

6. Revenue Sources

Tax-Supported Academic Libraries

Privately Supported Academic Libraries

Tax-Supported Public Libraries

District Libraries

Fines and Fees

Philanthropy

Ongoing Support

Capital Campaigns

College and Research Library Philanthropy

Public Library Philanthropy

Local Public Library Philanthropy

Foundations and Grants

Other Revenue Opportunities

7. Capital Budgets

Capital Budgeting

Capital Budgeting Decisions

Capital Budgeting in the Profit and Nonprofit Sectors

Net Present Value (NPV)

Internal Rate of Return (IRR)

Net Present Cost

Annualized Cost

Estimating Capital Needs

Financing Capital Projects

Bond Issues

Funding from the Parent Institution

Foundation Grants

Developer Fees

Estimating Capital Budgets for Library Buildings

Case Study-New Library Branch for San Diego State University

What Factors Drive the Need for a New Library Building?

Who Will Be Served?

8. Budget Approval and Contral

Budget Submittal, Approval, and Communication

Budget Submittal.

Budget Communication

Budget Approval

Control

Financial Control Process

Financial Dashboards

Modifying Budgets

Financial Condition Analysis

Financial Audits

Deviant Financial Behavior and Fraud

Inappropriate Absenteeism or Tardiness

Theft of Organizational Assets or Property

Destruction of Organization Assets or Property

9. Budgetary Categories, Comparisons, Forms, and the Balanced Scorecard

Budgetary Categories

Budget Comparisons

Historical Comparisons

Future Estimates

Scenario Analysis

Budgetary Systems

Payroll System

Purchasing System

Balanced Scorecard

Financial and Budgetary Forms

Uniform Chart of Accounts

Balance Sheet

Income Statement

Statement of Cash Flows

Annual Operating Budget

Department Buildup Budget

Program Budget

Capital Budget

Modifying Budgets for Windfalls and Downturns

Index.

Notes:

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

0-8389-1677-5

OCLC:

1048398832