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Budget & Finance

Competition for public money within any given community makes it important for library CEOs to not only be ethical and responsible stewards of library finances, but also active communicators about the value and impact of library services.

 Due to variances in funding sources and practices, which are developed locally, these competencies are more general than specific.  The learning opportunities listed below are designed to instruct library staff on budgeting and finance.

Learning Activities

  • Course Code: FOPL-13-9

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    Panel: Stephen Abram, Host TBA
    Learning Objective: Toronto Public Library's New Value Study

    This webinar presents the results of the new value study performed by the Martin Prosperity Institute at the University of Toronto's Rotman Business School. Modern measurements of the quantitative and qualitative economic, learning, cultural and social impact of public libraries are presented.

    This is a recorded teleconference, provided by the Federation of Ontario Public Libraries. It is available free of charge, on demand. It was recorded January 15, 2014.

  • Course Code: SD42

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    The budget is an important tool for the library board and management. It is a blue print for service in the coming year and a tool for managing financial activities. The budget is a working document that must be thoughtfully prepared. This self-directed online course examines the budget process from gathering information for decision making to monitoring revenues and expenses. The nature of working in the municipal environment is considered as is the importance of policies and procedures. In this self-directed course, students will learn basic information about budget preparation, presentation, implementation and maintenance.