Page 120 - DLIS406_ACADEMIC_LIBRARY_SYSTEM

Unit 11: Budgets

in developing a strategy for identify specific ICT opportunities for innovation and for sighting Notes
process for rapid adoption to new technology in an optimistic manners. The learning and
educational Programme in the field of ICT helps in the effective utilization of various sources
ICT and thus, help in reducing the escalating cost of education. The good and sound ICT helps
in attracting sound investment and foreign players, thus reduce the elementary cost of an
institution/organization. ICT is a key factor contribution to a nation’s development, and as a
cohesive force for integrating a nation into global economy. The assessment of staff and manpower
related with ICT is another thing to take into consideration for the cost-benefit analysis of
different types of libraries and institution by taking into account their job-description, job-
specifications, job analysis, etc.

Self Assessment

Fill in the blanks:
1. A budget is a plan that outlines an organizations financial and ....... .
2. S.W.O.T. stands for ....... .
3. Narayna in ....... explained the concept of cost-accounting different types of cost etc.

4. A ....... requires that each program be justified each year.

11.4 Summary

• A Budget is a plan that outlines an organization’s financial and operational goals. So a
budget may be thought of as an action plan; planning a budget helps a business allocate
resources, evaluate performance, and formulate plans.
• The first step in developing a library budget is to consider what the library hopes to
accomplish in the next year.
• The second step is to determine the total financial resources necessary for what the
library wants to accomplish in the coming year.
• The Accounting Library is dedicated to serving the educational and research needs of
the students and faculty of the Leventhal School of Accounting by providing access to
quality accounting and taxation resources, reference and research services, and classroom
instruction.
• The cost benefit analysis play an important role in the smooth functioning of an organization
and helps in the optimum utilization of its resources. Information and Communications
Technology (ICT) has accelerated exceptionally during the last decade, which has also
increased the cost of it.
• The concept of cost-benefit analysis is now increasing day by day and applied to all the

areas of the library.
• The cost of ICT has been changed so much in the last decade. The custom duties for

software imports were reduce 112 percent 1991 to merely 10 percent in the recent times.

11.5 Keywords

Citizenry : Electorate.
LSTA : Library Services and Technology Act.

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