School of Information Management & Systems   Spring 1999.   Michael Buckland.
290-1 Design of Library Services.

Assignment 4: Budget Revision - Due Feb 26
You have inherited the budget for an imaginary, one-year project for one fiscal year. Unfortunately, on account of state budget cuts, the guidelines now call for grants in the range between $60,000 and $70,000. Imagine what the project is for, rationalize how best to make cuts, modifying the scope and/or scale of the project. Revise the budget accordingly. Explain and (very briefly) justify the changes. Use the following guidelines and format:

Librarian salary: Associate Librarian step II $36,696 per annum. Library Assistant I, step 3: $1,731 per month.
Graduate Student Researcher I: $24,864 per an.
Employee benefits: Librarian 19% of salary; Library Assistant 25% of salary; Graduate Student Researcher 2%.
Include some travel, some equipment, some supplies.
Indirect cost 49% where applicable.
When rounding: 0.5 becomes 1; <0.5 becomes 0.

ITEMIZED BUDGET FOR FISCAL YEAR 1993/94.

1. Salaries & wages:
  -   Librarian: 100% time @ $36,696 p.an     36,696
  -   Library Assistant: 50% time @ $1,731 p. mon.     10,386
  -   Grad. Student Res: 50% time @ $24,864 p. an.     12,432

Total Salaries and wages:     59,514

2. Employee benefits:
  -   Librarian: 19%       6,972
  -   Library Assistant: 25%     2,597
  -   Grad. Student Researcher: 2% [Simplification]     249

Total Employee benefits:       9,818

3. Travel:
  -   Airfare $500; 5 days @100 per diem     1,000

4. Equipment:
  -   Personal computer   3,000

5. Supplies:
  -   Telephone $100; Office supplies $200.     300

6. Contractual services:       -0-

7. Other:       -0-

8. Total direct cost: [Sum of 1-7]       73,632

9. Indirect cost (49% of 1-3, 5-7)       34,610

Total budget cost [Sum of 8 + 9]       108,242
Notes: [Explain anything not obvious!]