School of Information Management & Systems.   Spring 2004.
285 Design of Library Services.   Michael Buckland.

Assignment 11: Budget Revision. Due Wednesday March 31.
You have inherited the budget for an imaginary, twelve-month project. Unfortunately, on account of state budget cuts, the guidelines now call for grants to be below $120,000.
  1: Imagine and explain what the project was.
  2: Rationalize how best to make cuts, modifying the scope and/or scale of the project, change staffing, whatever.
  3: Revise the budget accordingly.
  4: Explain and justify the changes.

Use the following simplified guidelines and format:
Associate Librarian step III $50,000 per annum.
Library Assistant II, step 2: $2,000 per month.
Graduate Student Researcher I: $30,000 per an.
Undergraduate Casual Student Labor: $7.00 per hour (assume 2.080 hours per year).
Employee benefits: Librarian 20% of salary; Library Assistant 25%; Graduate Student Researcher and casual student labor 2%.
Include some travel, some equipment, some supplies.
Indirect cost: Add 50% where applicable; here not on equipment, line 4.
When rounding: 0.5 becomes 1; <0.5 becomes 0.

ITEMIZED BUDGET FOR YEAR.

1. Salaries & wages:
-   Librarian: 100% time @ $50,000 p.an.	50,000
-   Library Assistant: 50% time @ $2,000 p. mon.	12,000
-   Grad. Student Res: 50% time @ $30,000 p. an.	15,000
Total Salaries and wages:	77,000
2. Employee benefits:
-   Librarian: 20%	10,000
-   Library Assistant: 25%	3,000
-   Grad. Student Researcher: 2% [Simplification]	300
Total Employee benefits:	13,300
3. Travel:
-   Airfare $500; 5 days @150 per diem	1,250
4. Equipment:
-   Personal computer	1,000
5. Supplies:
-   Telephone $100; Office supplies $200.	300
6. Contractual services:	-0-
7. Other:	-0-
8. Total direct cost: [Sum of 1-7]	92,850
9. Indirect cost (50% of 1-3, 5-7)	45,925
Total budget cost [Sum of 8 + 9]	138,775

Notes: [Explain anything not obvious!]