Podcast
Questions and Answers
What is the first step in Performance-Based Budgeting (PBB) for libraries?
What is the first step in Performance-Based Budgeting (PBB) for libraries?
- Defining performance targets (correct)
- Encouraging accountability
- Linking budget allocations
- Measuring results
What does PBB promote among library staff and management?
What does PBB promote among library staff and management?
- Increased spending
- Subjective decision-making
- Historical assessments
- Accountability (correct)
How does PBB allocate resources?
How does PBB allocate resources?
- Based on subjective assessment
- Based on incremental adjustments
- Based on the library's ability to meet performance goals (correct)
- Based on historical spending
What does PBB enable library stakeholders to evaluate?
What does PBB enable library stakeholders to evaluate?
What does ABB require libraries to assess?
What does ABB require libraries to assess?
What is involved in resource allocation based on ABB's requirements?
What is involved in resource allocation based on ABB's requirements?
How does ABB help libraries focus their resources?
How does ABB help libraries focus their resources?
What does ABB emphasize in terms of resource allocation?
What does ABB emphasize in terms of resource allocation?
What does Program Budgeting help libraries understand?
What does Program Budgeting help libraries understand?
How does Flexible Budgeting allow libraries to adjust their budgets?
How does Flexible Budgeting allow libraries to adjust their budgets?
What does Flexible Budgeting enable libraries to accommodate?
What does Flexible Budgeting enable libraries to accommodate?
When may there be a surge in library usage by students and families?
When may there be a surge in library usage by students and families?
What is the main benefit of Priority-Based Budgeting (PBB) for libraries?
What is the main benefit of Priority-Based Budgeting (PBB) for libraries?
How does Priority-Based Budgeting (PBB) help libraries improve their service delivery and resource allocation processes?
How does Priority-Based Budgeting (PBB) help libraries improve their service delivery and resource allocation processes?
What does Priority-Based Budgeting (PBB) ensure with regard to limited resources?
What does Priority-Based Budgeting (PBB) ensure with regard to limited resources?
How does Program Budgeting differ from traditional budgeting?
How does Program Budgeting differ from traditional budgeting?
Study Notes
- Priority-Based Budgeting (PBB) and Program Budgeting are budgeting approaches used in libraries.
- PBB ensures resources are allocated towards essential programs and services aligned with the library's mission and strategic goals.
- Anticipated demand and usage are assessed, resources allocated based on demands, and performance targets established.
- PBB ties budget allocations to performance targets, encouraging accountability, transparency, and measurable results.
- Efficiency and effectiveness are maximized by adjusting budget priorities as needs evolve.
- In PBB, budgets are organized around specific programs or services in Program Budgeting (PB), facilitating informed resource allocation decisions.
- Flexible Budgeting allows libraries to adjust budgets dynamically to changes in demand and usage patterns, ensuring better resource utilization and response to emerging priorities.
- With Flexible Budgeting, libraries can accommodate fluctuations in usage during exam periods or school vacations, and adapt to sudden increases in demand for digital resources or technology upgrades.
- By using PBB and PB together, libraries can optimize their resource allocation decisions, enhance their ability to achieve desired outcomes, and better serve their communities.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Test your knowledge of Public Budgeting for Libraries (PBB) and how it allows libraries to adjust their budget priorities, reallocate resources, and promote accountability and transparency in budgeting decisions.