Budget & Finance
The goal of this course is to introduce the student the following budgeting and finance concepts:
- The role of the library trustee in the budgeting process
- Financial statements (i.e., profit & loss, balance sheets, assets, etc.)
- Basic internal and external audits
- Financial policies and procedures (i.e., purchasing, credit cards, reimbursements, financial control)
- How organizational budgets such as programming budgets, capital budgets, etc. are develops, prepared, and monitored
- The cost/benefit analyses
- Differences among funding sources including district / political unit (municipal or county) / private (“association”)
- Effective collaboration with accounting personnel
- The basic principles of library financial administration, including budget planning and administration
- The process of budget approval from local funding bodies
Special Note:
Please make sure you have a copy of the text for this course before classes begin. The book is "Financial Management for Libraries," by William W. Sannwald. It's available in paper (978-0-8389-1560-8) or PDF, ePub, and Kindle. If you cannot get the book before the course start date, please email the instructor (chakalaausperk@gmail.com)
Instructor:
Catherine Hakala Ausperk