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In allocating the budget, several principles were applied including: • Serial allocations were set based on increases of 7% over the previous year's expenditures in Science, Health and Applied Science, and 5% over the previous year's expenditures in all other areas.
The Library budget is split up between Operating (55%) and Collections (45%) and has a list of budget principles it adheres to when making decisions on budget cuts.
With the lack of a needed 4% to 6% increase to maintain status quo for collections combined with a weakened Canadian dollar and the added 5% cut to the existing budget, the buying power of collections will reduced by Senate Library Committee Annual Report 2008-09 ...
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