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<p class="MsoNormal"><span style="color:#1F497D">Here is what we do at Lake Washington (as explained by our cataloging tech):<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p style="background:white"><span style="font-family:"Calibri",sans-serif;color:black"> The library reports the value of all additions and deletions of "J" Library Resources to the Financial Department at the end of the fiscal year. They include our figures
in their<o:p></o:p></span></p>
<p style="background:white"><span style="font-family:"Calibri",sans-serif;color:black">State reporting and are responsible for depreciation calculations, if any.<o:p></o:p></span></p>
<p style="background:white"><span style="font-family:"Calibri",sans-serif;color:black"> <o:p></o:p></span></p>
<p style="background:white"><span style="font-family:"Calibri",sans-serif;color:black"> We submit a total dollar value of items
<u>added</u> to the collection and items <u>deleted </u>from the collection to Financial (each is further separated into Donated and New and serials.)<o:p></o:p></span></p>
<p style="background:white"><span style="font-family:"Calibri",sans-serif;color:black"><o:p> </o:p></span></p>
<p style="background:white"><span style="font-family:"Calibri",sans-serif;color:black">1. We enter a value into the the catalog record for all new and donated books, DVDs, etc. when cataloging each item.<o:p></o:p></span></p>
<p style="background:white"><span style="font-family:"Calibri",sans-serif;color:black">2. At year end, I report the total dollar value of "additions" to the collection in the J inventory (using total amounts from our budget, other dept. budgets, and processing.)<o:p></o:p></span></p>
<p style="background:white"><span style="font-family:"Calibri",sans-serif;color:black">3. When an item is weeded, I determine the value from the monthly Weeding Report which shows the amount we entered when it was cataloged. All values of weeded items are included
in the dollar value of "deletions" and reported at end of year to the Financial department. For serials, the purchase value from 3 years back is included in the "deletions" also. <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="color:black">Cheyenne M. Roduin - MLIS<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">Faculty Librarian/Library Program Coordinator<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"><a href="mailto:cheyenne.roduin@lwtech.edu" target="_blank"><span style="color:blue">cheyenne.roduin@lwtech.edu</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">Lake Washington Institute of Technology<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">11605 132nd Ave NE<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">Kirkland, WA. 98034<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">425-739-8100 xt.8657<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"><a href="http://lwtechlearningcommons.com/" target="_blank"><span style="color:blue">http://lwtechlearningcommons.com</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"> <o:p></o:p></span></p>
<p class="MsoNormal"><b><i><span style="font-family:"Andalus",serif;color:black">“Outside of a dog, a book is a man's best friend. Inside of a dog it's too dark to read.” – Groucho Marx</span></i></b><b><span style="color:black"><o:p></o:p></span></b></p>
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<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b>From:</b> LIBRARYDIR [mailto:librarydir-bounces@lists.ctc.edu]
<b>On Behalf Of </b>Kanne, Lynn<br>
<b>Sent:</b> Monday, July 6, 2015 11:53 AM<br>
<b>To:</b> LMDC open (librarydir@lists.ctc.edu)<br>
<b>Subject:</b> [LIBRARYDIR] values for library "surplus inventory"<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Hello all:<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Our accounting department has asked me to find out what methods are being used at other colleges to assign values to withdrawn library materials (books, DVD, etc.).
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">If you’ve been asked for this information, can you share what systems for tracking original cost or formulas you use to calculate the value? Send to me and I’ll share a summary if there’s interest.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thanks.<o:p></o:p></p>
<p class="MsoNormal">Lynn<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:10.0pt;color:#0070C0">------------------------------------------------------------------------------<o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;color:#0070C0">Lynn Kanne, Interim Dean for Instructional Resources<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:10.0pt;color:#0070C0"><a href="http://seattlecentral.edu/library">Seattle Central College Library</a> | 206-934-4072
<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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