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In this preconference workshop Bailey, Creibaum, and Holloway presented detailed instructions on how to create a spreadsheet-based library collection development allocation formula, one option to manage a library's collection development budget. The presenters demonstrated and led participants through the process of creating customizable Excel-based formulas that can easily be modified to utilize the criteria relevant to a specific library and institution. The primary element in the success of such a formula is the use of weights applied to each factor contained in the spreadsheet. Potential factors include the number of students graduating from each degree program, total faculty per department, departmental credit hour production, the number of courses offered, and the average costs of books and journals in a discipline. By carefully assigning weights to each factor, the output of the formula results in an equitable allocation of funds to each subject area.

This session discussed the planning and implementation of strategies taken by the Dean B. Ellis Library to address a significant budget reduction that went into effect in FY19. Holloway and Bailey covered methods taken to optimize a reduced collection development budget and distribute funds to various subject areas in an equitable and justifiable manner. Presenters reviewed meetings conducted with faculty to clarify the new budget and resource alterations. Examples of data provided to stakeholders was shared. Topics covered include deadlines implemented for resource renewals and requests, methods used to track and disclose information regarding the process, and interactions with vendors during this transition. Presenters shared recommendations and information pertaining to unexpected issues experienced during this process.

Designed specifically for librarians new to the field of acquisitions, this session featured an informal introduction to the basics of acquisitions librarianship from three standpoints: a veteran acquisitions and serials librarian, a library director with a background in acquisitions, and a librarian who began her first professional appointment in 2013.The session covered a variety of issues related to the acquisition of both monographs and serials in various formats, plus database and backfile purchases. Discussions included definitions, ordering considerations, avoiding purchase of duplicate resources, negotiating prices and access options, licensing, selecting vendors and jobbers, and various services that vendors' representatives can provide to assist librarians. The presenters discussed various aspects of access versus ownership of e-books and periodicals and the impact of each on space and budgets both current and future, and suggested the best times in the annual budget cycle for different types of spending decisions.