Friday, October 25, 2013

How Much Did the Library Save You



            Value of Services Used at  Taos Public Library
In the left most column is the number of times patrons used the library services described below with estimated retail values. The result is the savings to our patrons for utilizing library services in Fiscal Year July 1, 2012 - June 30, 2013.
 2013 Annual Report Statistics Library Services Average                Retail Value Value of services
22399  Adult Hardcover Books Borrowed $26.95                 $603,653.05
26982  Children's and Teen Books borrowed $18.95                  $511,308.90
15300  Paperback Books Borrowed $9.00                  $137,700.00
41311  Movies Borrowed $2.00                   $ 82,622.00
6472  Audiobooks Borrowed $40.00                  $258,880.00
332  Interlibrary Loans $25.00                     $8,300.00
1989 E-Books Downloaded $10.00                   $19,890.00
406 Audiobooks Downloaded $20.00                      $8,120.00
2968  Magazines Borrowed $5.00                    $14,840.00
15540  Magazines Read in the Library $5.00                    $77,700.00
2142 Newspapers Read in the Library $1.00                      $2,142.00
5796  Adult Programs Attended $10.00                   $57,960.00
2120  Children's and Teen Programs Attended $6.00                    $12,720.00
29320  Computer Use sessions $12.00                 $351,840.00
2856  One-to-one Computer Assistance $30.00                   $85,680.00
60  Online Language Learning $20.00                      $1,200.00
1200 Online Database Use $20.00                 $24,000.00
4653  Reference Questions Asked $15.00                    $69,795.00
90  Notary Services $5.00                         $450.00
4590 Free Wi-Fi $13.00                    $59,670.00
Total Value (Est. Cost to Use Alternatives)              $2,388,470.95
Return on Investment
To determine Return on Investment: Cost to use Alternatives + expenditures paid directly back into community by the library (i.e. staff expenditures, janitorial, office supplies, etc.) divided by Total local Operating Funds.
Cost to use alternatives              $2,388,470.95
Direct local expenditures +                    $40,800.97
Compensation for Library staff (Salary & Benefits) +                 $472,582.00
Total Value               $2,901,853.92
Local Operating Funds /                  $575,502.00
Return per Dollar Invested    $5.04
Based on method used by Library Research Service's Colorado ROI Report

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