Allocating Academic Library Budgets: Adapting Historical Data Models at One University Library

Many academic libraries have traditionally used complicated budget allocation models to inform funding for materials purchased in support of curriculum. When these formulas are applied, librarians usually temper the results with historical spending patterns. A small university library found that historical spending patterns can be used for budget allocation, yielding allocations similar to those derived from a complex formula. As part of the collection evaluation procedure described, the effectiveness of historical data allocations should be assessed annually by checking use of ordered materials. The effectiveness of allocations also can be supported by the use of proportional use statistics for departmental subject areas. The procedures and practices described in this article would be useful for university/college libraries of similar size to the Stetson University library, the library described in the article.