UKSG Financial Planning for Libraries

Course summary

This one-day seminar is aimed at librarians who want to gain an understanding of the various activities involved in financial planning for resources within an academic library.

UKSG is able to call on the extensive experience of its members in sourcing expert speakers from various institutions within the academic sector to present a practical overview of all aspects of the financial management of information resources.

Why you should attend

Various financial management practices of a number of academic institutions will be discussed, including the relationship with the institutions finance department.  Central to the whole event are presentations giving the differing viewpoints of what is involved – from accounting basics, tendering and procurement regulations, local and national reporting, forecasting, and KPIs.  Two case studies are included and time will be set aside for follow-on questions. The day will end with a practical workshop.

Course level and previous knowledge required

This seminar is designed particularly for those who have moved into a position where financial planning is incorporated or for those who need an update.  It would also be beneficial for librarians working towards Chartership.

Learning objectives

Delegates should gain an overview of:

  • library financial planning cycles, including budgeting, resource allocation and future planning
  • accounting basics – understanding the different priorities between finance departments and the library and the terminology needed in order to communicate effectively
  • how to approach the tendering process, different types of tenders, the regulations involved and how to manage the process
  • budget reports and forecasting and their use in the planning process and for reporting back nationally
  • Key Performance Indicators, monitoring expenditure and showing value for money.

Check when this event is next being held.

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