MORRISON AND MARY WILEY LIBRARY BUDGET AND
FINANCE POLICY
The
Morrison and Mary Wiley Library has a Library Board of Trustees approved
written budget. This budget is developed
annually as a cooperative process between the Library Board of Trustees Finance
Committee, the Head Librarian and additional staff members with responsibility
for budgetary elements. Each year, the
Library Board of Trustees determines if the library’s revenues are adequate to
meet the needs of the community. If the
revenues are not adequate to meet the needs of the community, the Library Board
of Trustees takes action to increase the library’s revenue.
The
Morrison and Mary Wiley Library spends a minimum of 12% of its operating budget
on materials for patrons. Materials include
books, audiovisual materials, periodicals, telecommunication costs for
reference services, fees for online information services and CD-ROM products. Costs related to the installation and
maintenance of a LAN or a shared or standalone bibliographic database are not
included.
On a
monthly basis, the Head Librarian and/or Book Keeper presents written reports
on library operations to the Library Board of Trustees. These reports include such areas as finance,
library usage, matters of personnel, collection development and programming in
addition to any other relevant and pertinent information.
The library maintains adequate records of library operations in a manner easily understood by the public, as well as the Library Board of Trustees and Head Librarian. This record of library operations is presented at each Library Board of Trustees quarterly meeting and clearly indicates the financial position of the library. In addition to the general financial position of the library, this record clearly indicates the current position of each budgetary line item including budgeted amount, receipts, monthly and year to date expenditures and remaining budget