Cash Matters .

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Presentation. Cash to pay for library administrations originates from the neighborhood, state and government levels. Review. Financing sourcesGrantsFundraisingDeveloping a budgetService standardsAudits . Lesson Objective. Portray the wellsprings of library fundingList the segments of gathering pledges Identify spending plan arranging steps.
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Cash Matters – For Pennsylvania Libraries

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Introduction Money to pay for library administrations originates from the neighborhood, state and elected levels

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Overview Funding sources Grants Fundraising Developing a spending Service benchmarks Audits

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Lesson Objective Describe the wellsprings of library subsidizing List the segments of gathering pledges Identify spending arranging ventures By the end of this lesson you will have the capacity to:

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Library Income By Source 2003 PA Library Statistics

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Income Sources Local government wage Library Code, appropriates general working assets Board asks for assets from region Usually done in a spending Budget speaks to needs, depicts administrations

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State Funds & Aid Statewide Library Card Program Quality Libraries Aid Incentive for Excellence Aid County Coordination Aid

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State Funds & Aid District Library Center Aid Statewide Library Resource Center Aid Equal Distribution Grant Equalization Aid

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Local Financial Effort State Subsidy intended to: Stimulate nearby monetary bolster Provide solid level of value administration Augment neighborhood bolster Requires least $5 per capita responsibility

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Maintenance of Local Funding State help does not supplant nearby dollars By law, nearby budgetary exertion must: Equal or surpass sum spent earlier year Local gov\'t wage can\'t diminish from earlier year

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When nearby backing and state help are not adequate, trustees work for a superior nearby base and expanded state subsidizing.

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Grants LSTA – The government commitment IMLS conveys assets to states Commonwealth\'s Five-Year Plan, 2003-2007 Awards focused gifts taking into account objectives

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Grants Philanthropic and non-benefit associations Foundation Center of New York City 10 coordinating accumulations in PA Pennsylvania Foundation Directory Available at District Center Library

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Fundraising Art and a science Requires immense responsibility by load up Libraries regularly enlist an advisor

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Fundraising Make a promise of bolster, time, cash Provide initiative Leverage people group contacts Develop arrange and set up objectives Establish a battle board of Trustees must be set up to:

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Components of a Campaign Establish panel and administrator Identify need, create case explanation Create giving tree with projections Create crusade sales and affirmation Conduct research, recognize givers

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Components of a Campaign Decide on requesting strategy Design advertising program Establish framework to oversee Design stewardship program

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Create a spending that: Is sensible Reflects needs of library Reflects objectives and destinations Secures money related backing and program solidness

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Developing a Budget Begin well ahead of time of due dates Evaluate the old spending Staff and open info Arrange for spending gatherings Talk about pay rates right on time in task

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Developing a Budget View every thing as a buyer Earmark stores for new program Compare spending plan to objectives and targets Project one year from now\'s issues Review reports for offering focuses

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Developing a Budget Don\'t conceal the spending Make a presentation Prepare for one year from now Consider it time well spent Talk to financing powers throughout the entire year

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Standards Minimal level of administration for state help Base from which libraries can develop In understanding with the Library Code: Standards for nearby libraries, region focuses, and library frameworks have been built up

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Standards Counseling neighborhood libraries on least models on: Number and nature of library staff Resources of books and different materials Hours, offices Library Code Charges Commonwealth Libraries and Librarian with:

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Standards Library administration Materials, uses Staff, administration, offices

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Standards They are insignificant! Set up a story for administration Attached to qualification for state help State help does not supplant nearby bolster Help with guidelines is accessible from: District Library Center Bureau of Library Development

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Audits Required by direction Independent inspectors Generally Accepted Auditing Standards Frequency outline in your toolbox

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Group Exercise

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Resources Your District Library Center Institute of Museum and Library Services Pennsylvania\'s LSTA reserves Foundation Center

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REVIEW Variety of library financing sources Federal, state and different stipends Fundraising requires tremendous responsibility Budgets reflect objectives and targets State help is fixing to gauges

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