Budget Actions Taken in 2008-2009
to redress projected shortfall for 2009-2010
Each year The Library experiences inflationary increases that compound from year to year. The Library has not received any new recurring state money for seven years. These two facts result in a structural deficit that grows annually.
Looking at available state funding we estimated a structural deficit in 2009-10 of ~$2.76 million, based on inflation rates of
- 0% for monographs
- 3% for continuations (e.g., monographic series)
- 9% for serials
- 5% for electronic packages
In 2008-09, we continued the strategy adopted in '07-08 to use the following kinds of extraordinary funds to cover the deficit in state funding for routine collections costs:
- asking individual selectors to spend down any carry forward funds
- asking individual selectors to use endowment income
- using AUL-managed endowment and gift income
- drawing on non-collections Library one-time funds
- naming the library collections as one of two primary goals for our internal and campus development efforts.
The serious deterioration of state funding due to the overall decline of the economy led us to rethink our ability to supplement inadequate state funding. In discussions with the EVCP and the Academic Senate's Committee on the Library, we decided on a different course of action, beginning with July 1, 2009.
