[LIBRARYDIR] [External] RE: Valuing gift books

[Vivienne Mcclendon]

Our process is similar:
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 putting it in the catalog, we do not assign any value at that time either.

Vivienne

___________________________
Vivienne McClendon, Ph.D., MLIS
Dean, Library Media Center, D260H
Bellevue College  |  425.564.3056  |
Bellevue, WA 98007-6484
vivienne.mcclendon at bellevuecollege.edu<file:///emailto/%20vivienne.mcclendon@bellevuecollege.edu>
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[cid:806A3443-9F56-405C-A852-A00BE63AA5AB]

From: LIBRARYDIR <librarydir-bounces at lists.ctc.edu<mailto:librarydir-bounces at lists.ctc.edu>> on behalf of "Coe, Erica" <ecoe at olympic.edu<mailto:ecoe at olympic.edu>>
Reply-To: WACTC Library Directors <librarydir at lists.ctc.edu<mailto:librarydir at lists.ctc.edu>>
Date: Thursday, January 5, 2017 at 2:50 PM
To: WACTC Library Directors <librarydir at lists.ctc.edu<mailto:librarydir at lists.ctc.edu>>
Subject: Re: [LIBRARYDIR] [External] RE: Valuing gift books

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<mailto: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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