FSLAC April 2019 Collections Team: Ellen Bosman (Chair), John - PowerPoint PPT Presentation

New Mexico State University NMSU Library: BE BOLD . Shape the Future NMSU Library Presentation FSLAC April 2019 Collections Team: Ellen Bosman (Chair), John Sandstrom, Mariaelena de la Rosa, Kate Terpis

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 Trends in Funding Sources Impacting the Library's Materials Budget $2,250,000 $1,500,000 $750,000 $0 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 Proj. I&G IDC Student Fee GO Bonds Central One-Time funds Carry Forward Total Alternative Funding

Reality-Loss of Buying Power Offsetting inflation costs triggers cancellations. URL: http://nmsu.libguides.com/c.php?g=206139&p=6397732

NMSU Library: BE BOLD . Shape the Future lib.nmsu.edu

Announcement FY2019 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 Hotline materials budget. However, the rates of inflation have remained greater than all revenue sources combined (I&G and alternative revenues). announcement, November 12, 2018 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 Note: Another Hotline 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 . announcement was sent out January 18, Your feedback and questions are appreciated. Please respond by Dec. 11 to the NMSU Library Collections Team at colldev@lib.nmsu.edu . 2019 NMSU Library: BE BOLD . Shape the Future lib.nmsu.edu

Reminder: Request for Feedback was extended until February 1, 2019. With the two calls for feedback, the Collections Team received only 6 responses. 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 FY19 Library Materials Budget-Expenditures by Type of Material 5% Journals Databases 25% Books, etc. 70% NMSU Library: BE BOLD. Shape the Future lib.nmsu.edu

STEMH Intensive FY 19 Journals Budget-% Spent by Disciplines (STEM vs. OTHER) Other Disciplines 37.9% STEMH 1 2 62.1% NMSU Library: BE BOLD. Shape the Future lib.nmsu.edu

Periodicals Price Survey 2018: 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/.

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 Elsevier ScienceDirect CHEMS $ 13,329 Research Communications 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 Elsevier ScienceDirect MATHS $ 11,781 and Applications Food chemistry Elsevier ScienceDirect AHES $ 11,694 Note-Prices Rounded NMSU Library: BE BOLD . Shape the Future lib.nmsu.edu

Interlibrary Loan / Document Delivery All Users by Percentage 4% 25% 70% Students Faculty Staff

Meeting Content Needs RAPID ILL BORROWING SUMMARY TOTAL TOTAL % FILLED % FILLED AVG TAT AVG TAT YEAR REQUESTS FILLED NMSU SYSTEM NMSU* 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. Note: TAT is Turnaround Time* in hours

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