FY10 Budget News

As FY09 is drawing to a close, the University is finalizing its budget for FY10 which begins on July 1st. What we know at this point:

We have received a 2% reduction to recurring funds ~ $400,000

• Reduction in materials budget ~ $200,000
• Loss of 4 positions (2 in University Libraries, 1 in Law, 1 in MCL)
• We have received $1 million in new recurring funds for the materials budget

The expenditure rate on the Young Endowment was reduced by the Young Endowment Committee from 3.5% to 3.0% effective July 1, 2009

• That reduction means there will be ~ $310,000 less available to spend in those accounts next year
• The impact of the stock market losses will be fairly minimal next year but will result in a major reduction in income in FY11 and FY12
  

Student budget allocations

• Each division’s funds were generally reduced by 5%
• Each associate dean has the authority to allocate their budget among their units as they see fit
• The increased minimum wage will have to be absorbed within existing allocations
• Student salaries were not increased beyond the minimum wage increases

Our conservative budgeting of the past year will leave us with a healthy fund balance which will be transferred to the new year to offset the expected deficit in our operating budget.

Mary Beth, Stephen and their staffs are busily closing this year’s fiscal activity. The materials budget allocations for next year will be available as soon as they can be prepared and reviewed.

Transfer of JSTOR Volumes to Storage Completed

Cindy Parker reports that the JSTOR project that began on March 30, 2009 has been finished. The project was a combined effort between CTS, the Document Delivery unit and Storage. A student project manager oversaw the project at Young Library. The process involved generating inventory sheets, checking the boxes for accuracy, packing boxes and searching for missing volumes. Two student assistants were involved in hauling boxes to the Young Library loading dock and packing boxes. The Document Delivery unit retrieved the journals from the Young Library (3rd floor) stacks for Storage. CTS did the bibliographic work in Voyager on the titles that were packed.

• Total number of boxes packed: 831
• Total number of titles packed: 515
• Total number of volumes packed: 10,103
  

Thanks for a job well done – Cindy Parker, Nancy Lewis, Julene Jones, Marsha Seamans, Barbara Hale, Tanya Reeves, Maggie Nunley and the student assistants.

UK Mentioned in Article on NDNP Project

In an article last week in the Washington Post, UK Libraries’ participation in the National Digital Newspapers Project was mentioned. The article titled “Newspaper Archive Hits Million-Page Milestone” notes that “The University of Kentucky Libraries, for example, have processed 37 of that state's papers.” See the full article at http://www.washingtonpost.com/wp-dyn/content/article/2009/06/16/AR2009061603156.html?referrer=emailarticle

Digital Programs in SCDP also created a short video at the request of LC/NEH for the 1 millionth page celebration NEH is sponsored in DC last week. The video was shown at the event in DC at the Newseum and then will be distributed to the press on DVD, We have also been asked to submit a b-roll that news outlets can run with their voice over about the program. You can access the film clip from the KY-NDNP website www.uky.edu/libraries/ndnp or directly from YouTube: http://www.youtube.com/watch?v=5WjJLEhC4KQ

University of Alabama Joins ASERL Lanter Delivery Group

UK has long participated in ASERL Lanter Delivery group. This group of 12 other ASERL libraries used the Lanter courier service for ILL deliveries. UK crunched the numbers with the addition of Alabama to the group and determined that having this additional partner would result in a savings of $2,000 to use in the year ahead. As the number of libraries using this service increases, the cost to ship each item goes down.

News from ARL -- Google Book Search

ARL, ALA and ACRL have announced the release of "A Guide for the Perplexed Part II: The Amended Google-Michigan Agreement." The amendment represents important additions and this guide provides an overview to help librarians better understand the revised terms.