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Library Budgeting and Its Library Budgeting and Its Technique Technique

A budget is an estimation of a library's probable income and expenditures for the upcoming year. It serves several objectives like presenting estimated revenues/expenditures, coordinating resources, evaluating results, and forming future policy. Common budgeting techniques include line-by-line, formula, program, performance, planning programming budgeting system, and zero-based budgeting. The budgeting process considers factors like the library type, size, users, collections, and section performances. When making a budget, each section should maintain files, estimates must be detailed, departmental reports incorporated, and accountants do cumulative work for the total required amount.

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67 views7 pages

Library Budgeting and Its Library Budgeting and Its Technique Technique

A budget is an estimation of a library's probable income and expenditures for the upcoming year. It serves several objectives like presenting estimated revenues/expenditures, coordinating resources, evaluating results, and forming future policy. Common budgeting techniques include line-by-line, formula, program, performance, planning programming budgeting system, and zero-based budgeting. The budgeting process considers factors like the library type, size, users, collections, and section performances. When making a budget, each section should maintain files, estimates must be detailed, departmental reports incorporated, and accountants do cumulative work for the total required amount.

Uploaded by

Maqsood Shaheen
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Library Budgeting and its Technique

By Bhupendra Ratha, Lecturer School of Library and Information Science Devi Ahilya University, Indore Email: bhu261@gmail.com

Budget

A budget is an estimation of probable income and expenditure for the ensuring year. In other words, it may be described as a statement of revenue and expenditure for a given period usually one year.

Objectives of Library Budget


To present a statement of estimated revenues and expenditures for a given period. To serve as a plan for the effective coordination of resources and expenditure. To present details regarding the services that are to be given at a future. To serve as a basic financial control mechanism. To serve as a device for evaluating results. To serve as a tool for the financial management. To form the basis for the formation of future policy.

Techniques of Budgeting
Line by line budgeting Formula budgeting Program budgeting Performance budgeting Planning Programming Budgeting System Zero Based Budgeting

Process of Budgeting

Factors to be Considered in Budgeting


The types of library The size of library The types of users and numbers of users Document collection Programs and performance of different sections of library.

Tips for Budget Making


Each section should be maintained a budget file. Each estimate must be detailed. All the departmental reports should be incorporated in a general budget form. All the accountant or account assistant should carefully do the cumulative work, so that an exact idea is got as to what total amount is required for each work.

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