Library Finances 101: Developing Workplace Financial Literacy in Your Staff and Institution

22(3-4) College and Undergraduate Libraries 325-342 (2015). DOI: 10.1080/10691316.2015.1062739

Ohio State Public Law Working Paper No. 334

Indiana University Robert H. McKinney School of Law Research Paper No. 2016-13

24 Pages Posted: 25 Feb 2016 Last revised: 4 Apr 2016

See all articles by Catherine A. Lemmer

Catherine A. Lemmer

Indiana University Robert H. McKinney School of Law

Sara Sampson

Ohio State University (OSU) - Michael E. Moritz College of Law

Date Written: December 1, 2015

Abstract

Workplace financial literacy educates the entire library staff on the financial and business aspects of the library. It is more than a budget workshop or vocabulary list. It is a vital part of the successful management of a modern library. Sharing financial information and developing an open culture encourages and enables staff to use financial and managerial information to improve the operations and functions of the library. The result is informed and engaged staff members who are fully vested in and take responsibility for the success of the library.

Keywords: library management

Suggested Citation

Lemmer, Catherine A. and Sampson, Sara, Library Finances 101: Developing Workplace Financial Literacy in Your Staff and Institution (December 1, 2015). 22(3-4) College and Undergraduate Libraries 325-342 (2015). DOI: 10.1080/10691316.2015.1062739; Ohio State Public Law Working Paper No. 334; Indiana University Robert H. McKinney School of Law Research Paper No. 2016-13. Available at SSRN: https://ssrn.com/abstract=2737506

Catherine A. Lemmer (Contact Author)

Indiana University Robert H. McKinney School of Law ( email )

530 West New York Street
Indianapolis, IN 46202
United States

Sara Sampson

Ohio State University (OSU) - Michael E. Moritz College of Law ( email )

55 West 12th Avenue
Columbus, OH 43210
United States

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