Financial Management in Academic Libraries: Measuring Results and Proving Value
What do academics and librarians get wrong about financial evaluation and assessment? Is there a difference? What is a book’s unit cost within the library, and why does it matter? How do a library’s public relation efforts dovetail with its finances? In this week’s episode Bill wraps up his conversation on library finances with University of West Florida Dean of Libraries, Robert Dugan, co-author of the new book from ACRL, Financial Management in Academic Libraries: Data-Driven Planning and Budgeting. They talk through the uses and limitations of library metrics and offer an example of best practices that can be drawn from peer comparison, and they touch on the difference between expenditures and costs. Give this week’s episode a listen for an insightful look at how responsible libraries can manage their finances to meet the needs of their community.
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