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Using Average Price Information

This information is provided by CMIS for library staff in all primary and secondary schools in Western Australia. It is updated annually and can be used in a number of ways.
Below are some suggestions:



Budget Preparation

The average price information can be particularly useful when preparing budget submissions for the Library Resource Centre or for resource allocation for the whole school. It provides teachers and administrators with a guide to the cost of resources and provides information necessary for more accurate forward planning. Teachers and Library Officers can also use the average price information to compare cost structures from year to year. This information is useful for making decisions on the type and number of resources to be purchased in any given year and will assist in the selection of resources and development of the library collection.
For example:

  • In recent years the cost of software and CD-ROM resources has gradually decreased, so schools may now consider the purchase of extra software to be a viable option.
  • Since the price of hardback print materials has increased it may be more cost effective for schools to consider paperback editions for purchase. Hardback editions may also be published in paperback at a later date and schools can choose to wait for this edition.

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Insurance Estimates
When estimating insurance cover the average price information can be used to estimate the value of the Library collection and other school resources held in classrooms and storerooms. To arrive at a reasonably accurate figure for insurance purposes, schools should know the number and type of resources held.
In the case of damage or loss of library or school resources, for example in the case of a fire; the school can use previously calculated resource numbers and types, plus the current average price information to estimate the replacement value of items lost.

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Funding Submissions
Due to the overall increasing cost of all types of resources (not just library), pressure from other initiatives targeted by the School Development Committee, greater curriculum options and the fact that schools are being asked to fund a wider range of activities; schools often need to look to other avenues for extra funding for resources. Other avenues of funding might include:
  • Approaching your P & C.
  • Individual sponsors.
  • Corporate or local business sponsors.
  • Local Government support.
  • Federal funding initiatives/special grants.
  • Other fundraising activities.
The average price information can be used here to provide accurate and reliable forecasts for the projected expenditure of the funds raised. Submissions are more likely to be favourably received if accurate expenditure figures are provided and a finite fundraising goal is visible.

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