Schwabe, Williamson & Wyatt | Portland, OR | Bend, OR | Salem, OR | Seattle, WA | Vancouver, WA | Washington, DC Strategic Budgeting: Educate Your Management & Own Your Numbers SLA Denver, June 2007 LaJean Humphries, Library Manager

Schwabe, Williamson & Wyatt | Portland, OR | Bend, OR | Salem, OR | Seattle, WA | Vancouver, WA | Washington, DC strategic necessary to or important in the initiation, conduct, or completion of a strategic plan of great importance within an integrated whole or to a planned effect required for the conduct of war and not available in adequate quantities domestically designed or trained to strike an enemy at the sources of its military, economic, or political power

Schwabe, Williamson & Wyatt | Portland, OR | Bend, OR | Salem, OR | Seattle, WA | Vancouver, WA | Washington, DC strategy science & art of military command exercised to meet the enemy in combat under advantageous conditions a careful plan or method – a clever stratagem

Schwabe, Williamson & Wyatt | Portland, OR | Bend, OR | Salem, OR | Seattle, WA | Vancouver, WA | Washington, DC Strategy vs. Tactics long term “big picture” “forest” short term local details – “trees”

Schwabe, Williamson & Wyatt | Portland, OR | Bend, OR | Salem, OR | Seattle, WA | Vancouver, WA | Washington, DC Strategies: Connect your activities to firm’s long-term goals Never stop educating management and attorneys Budgeting and planning

Schwabe, Williamson & Wyatt | Portland, OR | Bend, OR | Salem, OR | Seattle, WA | Vancouver, WA | Washington, DC Never stop educating! Provide a summary State your assumptions Keep your own records Track annual increases Know your numbers Make friends with finance

Schwabe, Williamson & Wyatt | Portland, OR | Bend, OR | Salem, OR | Seattle, WA | Vancouver, WA | Washington, DC Management tools Cost Recovery Manager (or similar product) –Improve bill back –Provide usage reports –Improve contract management Develop your toolkit –Calculator –Cheat sheets

Schwabe, Williamson & Wyatt | Portland, OR | Bend, OR | Salem, OR | Seattle, WA | Vancouver, WA | Washington, DC

Library Staff Continuing education Professional dues Fight for salaries

Schwabe, Williamson & Wyatt | Portland, OR | Bend, OR | Salem, OR | Seattle, WA | Vancouver, WA | Washington, DC Plan for future information environment; Plan for immediate needs Electronic subscriptions –Better, not cheaper –Faster, not cheaper

Schwabe, Williamson & Wyatt | Portland, OR | Bend, OR | Salem, OR | Seattle, WA | Vancouver, WA | Washington, DC Advantages of electronic Time – Everyone receives an item at the same time Space – Requires no shelf space Archival copies online Cost – Equivalent to adequate print copies Currency – More current than mailed print copies

Schwabe, Williamson & Wyatt | Portland, OR | Bend, OR | Salem, OR | Seattle, WA | Vancouver, WA | Washington, DC You need to: Know your firm’s business Know the trends Know your costs Know your contracts Know your users

Schwabe, Williamson & Wyatt | Portland, OR | Bend, OR | Salem, OR | Seattle, WA | Vancouver, WA | Washington, DC TitleCost* in 1995 Cost in 2000 Cost in 2005 % Increase AmJur 2d$1,403$2,660$4,17157% Corporate Counsel$495$1,199$2,750129% Fed. Securities Law Reg. Forms $419$610$1,468140% * Your costs may be different; use costs from your actual invoices/statements.

Schwabe, Williamson & Wyatt | Portland, OR | Bend, OR | Salem, OR | Seattle, WA | Vancouver, WA | Washington, DC Thank you!