Page 105 - DLIS003_LIBRARY ADMINISTRATION AND MANAGEMENT

Library Administration and Management Jovita Kaur, Lovely Professional University

Notes Unit 6: Library Finance

CONTENTS
Objectives

Introduction
6.1 Financial Management
6.1.1 Principles of Financial Management

6.1.2 Financial Management in Service-oriented and Not-for-Profit Organizations
6.2 Sources of Funds
6.2.1 Academic Libraries
6.2.2 Public Libraries

6.2.3 Special Libraries
6.3 Financial Estimation
6.3.1 Per Capita Method

6.3.2 Proportional Method
6.3.3 Method of Details
6.4 Library Expenditure Planning
6.4.1 Importance of Library Expenditure

6.4.2 Nature of Library Expenditure
6.4.3 Principles of Library Expenditure
6.4.4 Classification of Library Expenditure

6.5 Summary
6.6 Keywords
6.7 Review Questions

6.8 Further Readings

Objectives

After studying this unit, you will be able to:
Explain the need and purpose of financial management and its application in library and
information centres (LIC).
Describe its facets as far as libraries are concerned.
Elaborate on the sources of finance and major categories of expenditure in different libraries.

Explain norms and standards to work out financial estimates for different libraries.
Analyse the value of financial management system in service-oriented and non-profit
organizations.

100 LOVELY PROFESSIONAL UNIVERSITY