ABSTRACT

The aim of this chapter is to provide a basic introduction to the task of financial planning within the library and information service (LIS). It has been written from a practical perspective, offering advice and examples based on experience rather than theory and is intended for whoever is responsible for managing the LIS financial planning process. For convenience, I have divided this process into the following partsawareness; budget preparation; budget presentation, and financial controleach of which is treated as a separate unit. In reality they are intertwined and this needs to be borne in mind when formulating or carrying out any aspect of financial planning.