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Permalink Reply by Siddhartha Shankar Ray on June 28, 2015 at 18:38

Dear Sri Rajendra Appaso Malgave,

I have gone through your post. Since you have not mentioned the type of your Library, It is not possible to specifically prepare the budget. However, I am providing a general structure and you may allocate requisite amount wherever applicable. But please keep in mind that you have to justify each item if necessary. So be careful of the fact and estimate  with practical sense.

Budget for

Books (Print copies)

Books (e-books) (a) Renewals wherever applicable (b) New additions

Journals (Print copies) (a) Renewals (b) New Subscriptions

Journals (e-Journals) (a) Renewals (b) New Subscriptions.

Reports Hard copies & Soft Copies

Databases

Software (renewal) +AMC + New Purchase

Logistics: Computers, Printers, Accessories

Furniture/ Racks/Almirahs

Staff Training

Miscellaneous/ Others

Please note that for payment in Foreign Currencies, put the amount in particular currencies for each item separately. It will help you if the rates rise. Alternately use the word Rupee (INR) equivalent of  then name the currency & amount.

I hope I could explain your query.

Sincerely,

Siddhartha S. Ray, Calcutta

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Permalink Reply by Pramod Kumar Meher on June 28, 2015 at 22:24

Thanks  Siddhartha  Sir 

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Permalink Reply by Rajendra Appaso Malgave on June 29, 2015 at 17:03

Thank you very much sir. i am working in Industrial library. I have qualified Net & Set exam. when i was in interview in college library the question was asked me how you prepare the academic library budget.

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Permalink Reply by Siddhartha Shankar Ray on June 29, 2015 at 21:12

There you are Sri Malgave,

In many industrial Libraries patents constitute a significant part of Library resources as part of R&D sections. While sometimes, stock market literature are included. It depends upon the natures & types of Libraries. In Pharmaceutical industries, Pharmacopeias are essential so also their addendum. Thus you see, your collection development policies are significantly different from those of academic Libraries where multiple copies of same books for different departments are customarily purchased (to accommodate students' demands) and budgets are prepared accordingly. In my previous post I have missed the patent as an item.

To sum up, you first check your existing resources. Know how often they are acquired. See the users' approach. Often they are important indicators for acquisition of resources. Then gradually, you will understand what you have to order and when. I am confident that soon you will be a seasoned & competent Librarian.

Good Luck to your endeavour.

Siddhartha S. Ray, Calcutta

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Permalink Reply by Rajendra Appaso Malgave on June 30, 2015 at 17:19

thank you sir.

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Permalink Reply by Tushar Vanzwala on June 28, 2015 at 23:18

Dear Sir,

I attached herewith one file, I hope which will help you to prepare your library budget.

Attachments:

• Tentative Budget Estimate of the Library for the year 2015.docx, 13 KB

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Permalink Reply by Rajendra Appaso Malgave on June 29, 2015 at 17:04

thank you sir.

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Permalink Reply by S.Prabhu on June 29, 2015 at 17:46

Thanks for your information...

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