1. Library Budgeting and its Technique By Bhupendra Ratha, Lecturer School of Library and Information Science Devi Ahilya University, Indore Email: bhu261@gmail.com bhu261@gmail.com

2. Budget A budget is an estimation of probable income and expenditure for the ensuring year. A budget is an estimation of probable income and expenditure for the ensuring year. In other words, it may be described as a statement of revenue and expenditure for a given period usually one year. In other words, it may be described as a statement of revenue and expenditure for a given period usually one year.

3. Objectives of Library Budget To present a statement of estimated revenues and expenditures for a given period. To present a statement of estimated revenues and expenditures for a given period. To serve as a plan for the effective coordination of resources and expenditure. To serve as a plan for the effective coordination of resources and expenditure. To present details regarding the services that are to be given at a future. To present details regarding the services that are to be given at a future. To serve as a basic financial control mechanism. To serve as a basic financial control mechanism. To serve as a device for evaluating results. To serve as a device for evaluating results. To serve as a tool for the financial management. To serve as a tool for the financial management. To form the basis for the formation of future policy. To form the basis for the formation of future policy.

4. Techniques of Budgeting Line by line budgeting Line by line budgeting Formula budgeting Formula budgeting Program budgeting Program budgeting Performance budgeting Performance budgeting Planning Programming Budgeting System Planning Programming Budgeting System Zero Based Budgeting Zero Based Budgeting

5. Process of Budgeting

6. Factors to be Considered in Budgeting The types of library The types of library The size of library The size of library The types of users and numbers of users The types of users and numbers of users Document collection Document collection Programs and performance of different sections of library. Programs and performance of different sections of library.

7. Tips for Budget Making Each section should be maintained a budget file. Each section should be maintained a budget file. Each estimate must be detailed. Each estimate must be detailed. All the departmental reports should be incorporated in a general budget form. All the departmental reports should be incorporated in a general budget form. All the accountant or account assistant should carefully do the cumulative work, so that an exact idea is got as to what total amount is required for each work. All the accountant or account assistant should carefully do the cumulative work, so that an exact idea is got as to what total amount is required for each work.