[LIBRARYDIR] [External] RE: Valuing gift books
Coe, Erica
ecoe at olympic.edu
Thu Jan 5 14:50:14 PST 2017
Yes, I am referring to when we add a title to our collection. Thanks for clarifying this.
From: LIBRARYDIR [mailto:librarydir-bounces at lists.ctc.edu] On Behalf Of Mindy Coslor
Sent: Thursday, January 05, 2017 2:47 PM
To: WACTC Library Directors <librarydir at lists.ctc.edu>
Subject: [External] RE: [LIBRARYDIR] Valuing gift books
For tax purposes, the giver needs to assign the value for their taxes. When someone gives us a gift, we do not place a value on it.
However, when we add a book to our collection, if we don't assign the list price, then we have a default amount of $45 for replacement (plus $10 for ordering and processing).
Dr. Mindy Coslor, Ph.D.
Director of Library Services
Skagit Valley College
360.416.7761
From: LIBRARYDIR [mailto:librarydir-bounces at lists.ctc.edu] On Behalf Of Coe, Erica
Sent: Thursday, January 05, 2017 1:46 PM
To: WACTC Library Directors <librarydir at lists.ctc.edu<mailto:librarydir at lists.ctc.edu>>
Subject: [LIBRARYDIR] Valuing gift books
After our campus audit, our business office is questioning how we value gift books. Our method, determined before my time, has been to assign all books a $50 replacement value. How do you value gift books?
Thanks,
Erica
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