BUDGET Library expenditures for 2021-22 totaled $1,833,324 with personnel expenses accounting for just under 52% and resource expenses for just under 39% of total expenditures. Systems and operational costs accounted for the remainder of library expenditures. The library ended the year with a $131,000 surplus primarily due to having unfilled positions for part of the year and fewer facilities projects than in prior years. The rising cost of digital resources continues to be an important part of library budget planning. Most database licenses increase 4-5% each year in cost and, as recurring licenses, limit the ability of libraries to explore or add other digital resources. OhioLINK’s ability to secure advantageous subscription agreements has ameliorated this for many digital resources, but even OhioLINK finds itself under increasing financial pressure and the short-term limits on annual increases practiced by many publishers during the pandemic are no long in force. The library continues to seek new digital resources, but this often requires spending reductions in other areas of the budget or reallocations. The growth of the university also affects the library budget. While growth in the total number of undergraduate students primarily affects the library facility and services, growth in the number of academic programs affects the library’s resources, often requiring additional resources and the budget to sustain them over time. This is particularly true of graduate programs, which are more often characterized by specialized research resources or tools. Expenditures FTE Expenditures/ FTE 2015-16 $742,589 3,581 $207.37 2016-17 $743,133 3,387 $219.41 2017-18 $727,882 3,503 $207.79 2018-19 $753,019 3,892 $193.48 2019-20 $673,651 3,999 $168.46 2020-21 $684,118 4,218 $162.19 2021-22 $706,278 4,185 $168.76 +
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