The annual acquisitions budget of the Library provides funding for the licensing of electronic databases and serials, subscriptions to print journals and the purchase of print and electronic monographs. Together these are known as the Library’s Collection. The primary focus of the Collection is to support academic program needs in the areas of research and course assignments for students and faculty. The purpose of managing the collection is to keep its components as strong and relevant as possible to the academic program within the constraints of budget and available space. Annual increases in journal costs have outstripped both inflation and any annual increases in the Library’s budget since the 1980s.
In order to evaluate existing journal subscriptions, we propose initiating a meeting with each academic department every two years. The department will be provided a complete list of journals, both print and electronic and cost per use data where known. The Library will develop guidelines to identify candidates for possible cancellation. No subscriptions will be cancelled without a discussion with the department.
The Library will highlight low use and low use/high cost titles based on the following criteria:
Any monies recovered from serial cancellations will be applied to the costs of acquisitions (databases, serials, monographs and inter-library loan).