Unit 4.3 : Different Types of Budget and Application of PPBS in Public Libraries.

MLIS-102 (D): Public Libraries


Table of Contents:

1. Introduction

Librarians consistently face the challenge of proving the worth of their services and information resources, a task intricately linked to the budgets allocated for these purposes. Budgets serve as potent management and public relations tools, essential in outlining an organisation's goals, objectives, and broader functions within a given context. However, with libraries confronting budgetary constraints, exceptional library managers are pressured to achieve remarkable budget cuts. These managers might face repercussions when service deficiencies emerge due to fiscal constraints. This underscores the critical importance of adept planning, regular reassessment, and firm financial control, which become as crucial as the quality of information itself. In light of this, librarians should understand finance, accounting principles, cost-cutting strategies, and the economics of information to navigate such budgetary limitations effectively.
Understanding the fundamental essence of a budget-derived from the old French word 'bougette,' meaning purse is imperative. It constitutes a quantified financial plan for an upcoming accounting period, detailing the action plan alongside the resources necessary for its execution. Budgets, an integral aspect of an organisation's financial management, contribute to its overall fiscal integrity through an ongoing process. Financial management involves cyclical tasks such as budget development, cost monitoring, forecasting, and daily financial operations. The primary mission of a corporate library revolves around maximising the value derived from information services while minimising associated costs—a collective objective shared across all organisational functions. The budgets of special libraries align directly with the parent organisation's goals, objectives, and mission statements, thereby emerging as a crucial organisational element.
Budget classification varies based on spending allocation, preparation, time constraints, or other criteria. Additionally, they can differ in their coverage scope, encompassing general budgets for entire libraries, departmental grants, or specific-purpose financial plans. The breakdown within budgets can vary internally, typically prepared for a fiscal year but sometimes integrated into a long-term budget planning cycle. Traditionally, publicly supported agencies adhere to an annual budget cycle, restricting the carry-over of funds from one year to the next. However, the trend toward long-term budget planning is increasing due to the uncertainties generated by annual budgeting, especially for long-term programs. Various types of budgets, such as Sales, Production, Capital, Cash Flow, Marketing, Project, Revenue, and Expenditure, serve diverse purposes, primarily centred around planning, coordinating, and controlling.
Budgets can also be categorised by their revenue sources, particularly in not-for-profit sectors like libraries, where funding typically originates from tax revenues or citizen contributions. The nature of these funds can differ based on governmental levels and their specific purposes, ranging from general budget to targeted allocations. The budgeting process involves comprehensive planning, distribution, and reporting. Among the myriad budgeting techniques, unique and research libraries predominantly employ six types: lump sum, formula-based, line-item, program-based, performance/function-based, or zero-based budgeting.

2. Different Types of Budget

***END***

DISCLAIMER