Definition: Budgeting is used to manage Budgets of a library where Budget details are entered every year and then bills are processed towards purchasing of books and monographs and Subscription of Serials. Later, at the end of Financial Year – Bill Register may be generated with full details of the payments processed in the software.
The budget determines the services that will be offered by your library and the resources devoted to each library program. A carefully developed budget will ensure that available funds are effectively utilized to realize your library’s service objectives.
The Module contains Two Forms -
Add Budget Details – To added the details of the Library Budget received every year
Bill Processing Module – Where bills are processed steps after completing the BOOKS ACQUISITION or SERIALS Module.
Examples and Samples:
- A new budget of INR 5,000 is added on portal for the purchase of Mathematics Books for Year 2020-2021.
- New budget of INR10,000 is added on portal for purchase of Computer Science documents.
What can be achieved by Budget:
- Helps you gain control over finances. Budgeting helps you to acquire control over indispensable and unnecessary expenditures whether they are at a huge business level or family levels.
- Determining the appropriate level of funding for the library and working to secure that funding.
- Fines may be a source of library revenue, but the policy of charging fines is the subject of debate concerning their effectiveness in encouraging the return of materials, and concerning their public relations effects. In establishing a fine policy, a library board should consider not only the possible revenue but also the potential negative public relations effects.
Cross reference:
- Bill Processing
- Acquisition
- Subscription