Public liability insurance. This covers the building and grounds, the contents of the building, library vehicles, and any accidents involving patrons on library property. It’s important to have adequate coverage in the event of a major claim. It’s also important that a library not be under- or overinsured. If underinsured, the library will have to … Continue reading Covering Your Bases
Hepburn received 8,947 votes in the uncontested election. Hepburn will step into his role as treasurer at the close of the 2022 ALA Annual Conference and Exhibition in Washington, D.C. Upon learning the outcome of the election, Hepburn said, “What an incredible honor to be able to serve our association in this capacity and to … Continue reading Hepburn Elected ALA Treasurer
Created to facilitate the forgiveness of remaining balances on federal Direct Loans (student loans made directly by the US Department of Education), PSLF made headlines as a way to free up financial futures for many people. To be eligible for forgiveness, individuals had to have made 120 monthly payments under a qualifying repayment plan while … Continue reading Recognition and Relief
Crash Course in Library Budgeting and Finance By Glen E. Holt and Leslie E. Holt Budgeting and finance can be daunting for people whose previous library experience has focused more on reference or circulation work. But this title delivers a concentrated overview of everything a neophyte library administrator may need, breaking down information … Continue reading Getting Money for Your Library
1,000 Approximate number of libraries that participated in Money Smart Week activities in 2018. This year it will be observed March 30–April 6 and will include thousands of free programs and events across the country to help educate consumers on how to better manage their personal finances. 141,740 Number of people who attended Money Smart … Continue reading By the Numbers: Money Smart Week
Building or renovating a library is often only cursorily covered. The Practical Handbook of Library Architecture: Creating Building Spaces That Work, by Fred Schlipf and John A. Moorman, is long overdue. Its functional predecessor, Planning Academic and Research Library Buildings, third edition, by Philip D. Leighton and David C. Weber (ALA Editions, 1999), answers many … Continue reading Learning Outside the Box
According to the Institute for College Access and Success, from 1993 to 2012, average student debt rose from $9,450 to $29,400. Additionally, the number of seniors graduating with loans has increased from 47% to 71%. Data for heads of households under 40 years of age shows that student debt results in higher levels of credit … Continue reading In College, Time Is Money
