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Building a Better Budget: Managing Resources in Your Library
Wednesday, October 27, 2021 @ 10:30 am – 12:00 pm
TRLN is offering a 2 part series about creating budgets and resource planning within libraries. Ann Wolfe, Duke University’s Associate University Librarian for Administrative Services and Joe White, NC State Libraries’ Director of Finance and Business will lead both sessions.
The first session on September 29 provided an overview of what a budget is, different types of funds that could make up a budget, how to ensure the budget is aligned with strategic goals, and decision-making under challenging conditions. The content for this session was broadly applicable for staff seeking to understand and create budgets or to staff who are interested in this topic.
Attending the first session is a requirement of participating in the second session. Reach out to firstname.lastname@example.org with any questions.
Application Session October 27 10:30am – 12pm
For a subset of participants from the first session, the second part will focus on applying the knowledge learned in the previous session. Participants will be expected to use either a real scenario from their work or a project they are interested in to create a budget and offer a brief 5-minute or less presentation. We encourage presentations to be a work in progress so Ann Wolfe and Joe White can offer their feedback and participants will leave with a working draft of a project budget.
Your library needs new ideas as it continues to grapple with the impact of COVID-19 and the opportunities that the crisis presents. You are encouraged to create and submit requests for funding new projects, creative experimentations, and new or different approaches to services, collections, use of technology, or other challenges.
Develop an idea for a new project and present the idea to gain funding approval. Create a budget for this idea and be prepared to effectively present the idea to the larger group.
Prepare a 5-minute or less presentation (think “sales pitch”) of your idea that details your project, why it should be pursued, and its resource needs. Apply what was learned during the first Building a Better Budget training session to bolster your presentation.
Helpful touch points may include:
- What significant need will this project meet?
- How does it strategically align with the mission and goals of your organization?
- What resources are needed for the idea to be successful?