Department: Collection Development
Policy: Use of Replacement Funds
19 April 1993
Rev. 21 August 2014
Purpose: This policy describes under what circumstances we will make purchased from the designated replacement fund.
Overview: Like other parts of our acquisitions budget, the replacement fund is not a bottomless well. The purpose of this policy statement is to guide us in using the funds judiciously and consistently.
Replacement funds are used to replace materials that have been withdrawn because of condition, or simply lost. The key trigger is that the title was once part of our collection and the item has had sufficient use to warrant replacement. Most condition replacements are ordered at the time of withdrawal. However, any title that is listed on our batch withdrawal lists of lost materials qualifies for purchase using the replacement fund.
1. Replacement funds may be used to purchase:
2. On a case-by-case basis, replacement funds may be used to purchase different work if all of the following conditions are met:
3. Beginning in FY15, we may use replacement funds to purchase DVDs to replace VHS recordings before withdrawing the VHS. If replacement funds become tight, this practice may cease.