6. BUDGET ALLOCATION
The budget allocations covers the acquisition of eight areas: the acquisition of
books, serials, reference works, non-print materials, special collections, document
delivery and access to online databases.
This includes the preservation and maintenance of these collections. Serials budget
is normally projected by the pricing information from publishers and vendors. The
budget allocations will be based on the approval of the Library Committee.
The Annual budget request are normally calculated based on the following criteria:
Bookstock (including audiovisual materials): calculated on the basis of
10 (ten) titles per lecturer at an average cost of B$100 per title
Reference work: calculated on the basis of the needs to substantially improve
thequality and currency of the reference work in the library and by taking into
account the price increase at the rate of 15%
Annuals, Yearbooks, Standing Order Monographs: calculated on the basis
of maintaining current standing order for 300 titles with an average cost of B$300
Periodicals (Current Title): calculated on the annual average price increase
of 10% due to inflation and increase in publishing costs.
Electronic Databases: calculated based on the maintenance of the existing
subscriptions and also on the suggestions of new databases by academic staff.
Additional fund requirements or virement may be requested to the Bursar from special
funds to pay for any outstanding invoices or commitments.
The budget allocation for each faculty are based on the following agreed formula:
Total of Students/Staff (Faculty) X 80 *
_______________________ ______ = Percentage Allocated to Faculty
Total no. of All UBD Staff/Student
*20% of the budget is allocated for the library to support any shortcoming in the
faculty budget allocation.