Establishing, Monitoring, and Spending the College and University Acquisitions Budget

Abstract

This paper covers the topic of establishing, monitoring and spending the college and university acquisitions budget in addition to briefly examining the working relationships of those personnel charged with these budgetary tasks. Following a brief history of recent economic considerations, the paper deals with allocating and monitoring the budget, using manual and automated systems. Two goals for expending the budget are: (1) spending the budget effectively; and (2) spending the money in a timely fashion. Both collection development and acquisitions personnel are responsible for helping to meet these goals. Establishing, monitoring, and spending the acquisitions budget efficiently and effectively is a joint effort by all personnel concerned.