Collections Team:Ellen Bosman (Chair), John Sandstrom,

Mariaelena de la Rosa, Kate Terpis

New Mexico State University NMSU Library: BE BOLD. Shape the Future

NMSU Library Presentation FSLAC April 2019

Our Mission

New Mexico State University Library is committed to providing a rich learning environment where resources and diverse populations come together to engage in scholarship and create knowledge.

NMSU Library: BE BOLD. Shape the Future

lib.nmsu.edu

Reality-Budget

$0

$750,000

$1,500,000

$2,250,000

FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 Proj.

Trends in Funding Sources Impacting the Library's Materials Budget

I&G IDC Student Fee GO Bonds Central One-Time funds Carry Forward Total Alternative Funding

Reality-Loss of Buying Power

URL: http://nmsu.libguides.com/c.php?g=206139&p=6397732

Offsetting inflation costs triggers cancellations.

NMSU Library: BE BOLD. Shape the Future

lib.nmsu.edu

NMSU Library: BE BOLD. Shape the Future

lib.nmsu.edu

AnnouncementFY2019 library materials cancellations process begins Inflation rates for serials and databases are forecast to be six percent for FY2019. This percentage

estimate is based on inflation forecasts from the library's major library vendors. The New Mexico State

University Library's Instruction & General base budget has continued to be flat for the past 20 years.

Therefore, the loss of buying power results in serials and database cancellations on an annual basis.

Historically, the NMSU Library has established alternative revenue streams sources to support the

materials budget. However, the rates of inflation have remained greater than all revenue sources

combined (I&G and alternative revenues).

Alternative revenue sources used to support the Library's material budget include the following:

• Biennial GO Bond funding for New Mexico academic libraries

• 2.5 percent of IDC (research overhead)

• Student fee allocated by the Library Student Advocacy and Advisory Council (LSAAC)

• Private donations

For your information, a spreadsheet of serial titles under consideration for cancellation is available in

FY19 and the review process used at https://nmsu.libguides.com/cancellations.

Your feedback and questions are appreciated. Please respond by Dec. 11 to the NMSU Library

Collections Team at colldev@lib.nmsu.edu.

Hotline announcement, November 12, 2018

Note: Another Hotline announcement was sent out January 18, 2019

NMSU Library: BE BOLD. Shape the Future

lib.nmsu.edu

Request for Feedback was extended until February 1, 2019.

With the two calls for feedback, the Collections Team received only 6 responses.

Reminder:

NMSU Library: BE BOLD. Shape the Future

lib.nmsu.edu

Criteria

For FY 19/20, the following criteria is applied:

three-year average use is 5 uses or less, or, the three-year average Cost Per Use (CPU) is $30 or more, or the embargo period for electronic journals is more than 18

months

If any of these criteria are met the title is flagged for additional review.

NMSU Library: BE BOLD. Shape the Future

lib.nmsu.edu

Materials Budget

70%

25%

5%

FY19 Library Materials Budget-Expenditures by Type of Material

Journals Databases

Books, etc.

NMSU Library: BE BOLD. Shape the Future

lib.nmsu.edu

STEMH Intensive

62.1%

37.9%

FY 19 Journals Budget-% Spent by Disciplines (STEM vs. OTHER)

1

2

STEMH

Other Disciplines

Source: Bosch, S., & Albee, B., & Henderson, K. (2018). “Death by 1,000 Cuts: Periodicals Price Survey 2018.” Library Journal.Available from http://lj.libraryjournal.com/.

Periodicals Price Survey 2018:

NMSU Library: BE BOLD. Shape the Future

lib.nmsu.edu

NMSU Library List of Top 10 Most Expensive Journals Title Publisher Subject FY18 Cost

Tetrahedron Letters Elsevier ScienceDirect CHEMS $ 19,888

Communication Research SAGE COMS $ 15,415

Nature Nature PHYS $ 15,196

Biochemical and Biophysical

Research Communications

Elsevier ScienceDirect CHEMS $ 13,329

Chemical Physics Letters Elsevier ScienceDirect CHEMS $ 13,271

Polyhedron Elsevier ScienceDirect CHEMS $ 12,847

Journal of Hydrology Elsevier ScienceDirect GEOGS $ 12,009

Journal of Membrane Science Elsevier ScienceDirect ENGS $ 11,906

Journal of Mathematical Analysis

and Applications

Elsevier ScienceDirect MATHS $ 11,781

Food chemistry Elsevier ScienceDirect AHES $ 11,694

Note-Prices Rounded

Interlibrary Loan / Document Delivery

70%

25%

4%

All Users by Percentage

Students Faculty Staff

RAPID ILL BORROWING SUMMARY

YEAR

TOTAL

REQUESTS

TOTAL

FILLED

% FILLED

NMSU

% FILLED

SYSTEM

AVG TAT

NMSU*

AVG TAT

SYSTEM*

2017 8,950 8,796 98% 95% 11.5 hrs. 12.5 hrs.

2018 8,721 8,599 99% 95% 10.5 hrs. 12.5 hrs.

Meeting Content Needs

Note: TAT is Turnaround Time* in hours

New Mexico State University NMSU Library: BE BOLD. Shape the Future

Q & A