SMU Libraries collection development staff will hold a Library Collections Budget Town Hall meeting on Thursday, January 18th from 2-4 pm in DeGolyer Library, room 309.
Collections staff will present information about the library’s budget and the cost of current subscriptions. We will also answer questions from faculty and other interested campus community members.
Why are we having this town hall meeting?
Central University Libraries’ financial situation has become increasingly tenuous over the last few years. We need to cut access to some journals in the near future. Here are some relevant budgetary figures:
- In FY 2017, Central University Libraries (CUL) spent 99.5% of its budget allocation on journals and databases.
- Annual increases to our budget are typically in the 3-4 percent range, but serials inflation is 5-6% annually.
- A budget increase of $585,305 (15%) would be needed in the next fiscal year to avoid cuts to journal subscriptions.
The cost of journals and databases has now consumed the entire allocated budget of CUL. We are in the process of determining what materials are most valuable to SMU researchers. We will then target these titles for retention.
Faculty input is critical to this effort.
The Town Hall meeting is one of the ways faculty can provide feedback, which will be recorded and incorporated into our analysis. Faculty members are also invited to participate in a brief survey designed to round out our picture of journal use at SMU. We have already obtained statistics on what is used (from the vendors), and what journals SMU faculty cite (from Web of Science). We will compile all of this information and evaluate journals in the sciences and engineering, arts and humanities, and behavioral and social sciences separately. This will account for differing citation patterns across disciplines.
Post contributed by the Central University Libraries Collection Development Team