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NN/LM Site Visit 2008

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Evaluation Glossaries

Valuing Library Services Calculator

What is your library worth to your institution?

How much would it cost to replace your library services on the retail market? Calculate what it would cost to buy library services - at a book store, through pay per view for articles, from an information broker - if you and your library weren't there.

• Enter your annual library budget and the number of months of statistics you are using.
• Enter in the left hand column the number of times your library's services are used for the period you are interested in - month, quarter, year.
• Either use the estimated retail cost - not your library cost - provided for each service or change it to reflect your area or library.
  Click here to see how to determine the cost of your services.
• In the three bottom lines enter any other services or resources you would like to include in your calculation along with the number of uses and the retail value for each service or resource.
• As you enter data the retail value of each service will be calculated on the right and the return for every dollar spent will be displayed.
  
• The total value of your library services is shown at the bottom of the worksheet.
• Tip: Tab between entries and do not use commas.

We are collecting data from users so that we can demonstrate the combined value of all health sciences libraries. Click on the checkbox below if you would like your library location, budget, timeframe, value of your library services and benefits added to the database. We will NOT retain your name, email address or comments in the database but are eager to hear your thoughts about the calculator and how you have or will use it.

Value of Library Resources and Services

Your institution realizes a benefit of $ for every one dollar budgeted.
Where is your library? Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Guam Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Puerto Rico Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Canada Neither USA nor Canada
Library Annual Budget
Number of months of stats:
Number of Uses	Library Resources or Services	Cost of Resource or Service	Value of    Resources or    Services
	Books used (in house or borrowed)		$
	Print journals used (in house or borrowed)		$
	EJournal articles accessed		$
	Interlibrary Loan Requests		$
	Reference Questions Answered		$
	Mediated Searches		$
	Class hours taught (# students x total class hours)		$
	AVs used or borrowed		$
	Self service photocopies		$
	Meeting Room Use per Hour		$
	Hours of Computer Use (i.e. Internet, MS Word, etc.)		$
			$
			$
			$
			$

Please answer the following question before you submit this form. (This step helps prevent automated programs from submitting erroneous data.)

5 + 4 =

Click here to submit this data to the national database.

You will have an opportunity to provide feedback after your submission.

You may use this form to provide feedback about the calculator without submitting data to the national database.  Name:  Email address:  Comments: Please answer the following question before you submit this form. (This step helps prevent automated programs from submitting erroneous data.) 5 + 4 =

If JavaScript is not supported, use this link to a downloadable Excel spreadsheet that has the formulas locked or to one that you can modify in its entirety to calculate your library's value.

Members are encouraged to contact their state liaison, the Assessment and Evaluation Liaison, or the RML office with questions, concerns or for assistance in program design and evaluation.

This calculator was adapted from the one originally provided by the Massachusetts Library Association and then adapted for the web by Chelmsford Public Library. The MidContinental Regional Medical Library modified the Services and Values for health science libraries. This spreadsheet requires either Microsoft Excel or the Excel Viewer.