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Primary funding for the Mayo Library System comes from institutional funds, restricted donor funds, and revenue. Endowment funds specifically designated for the library do not exist. The 2006 expense allocation example below includes expenditures for the Mayo Clinic Rochester campus with the addition of expenses for the Mayo Digital Library,
a resource shared and accessible at all institutional locations. These expenses are reported to various agencies
such as the Association of Academic Health Sciences Libraries, Association of College & Research Libraries,
Academic Libraries Survey, and others. Nearly 50 percent of the operating expense is allocated to library resources: traditional collections, electronic resources, library systems. Personnel costs (direct salary and benefits) account for approximately 28 percent, and facility costs and depreciation account for 20 percent of operating expense. Net revenue includes Mayo Medical Bookstore profit, interlibrary loan revenue, annual individual donor revenue, and internal chargebacks. Net expense for the Rochester campus is allocated by formula to the clinical practice, research, and education.
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FY06 Expenditure Categories |
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Expense Category |
Expense ($) |
Percent (%) |
| |
Collections & Systems |
5,280,991 |
49% |
| |
Personnel |
3,023,629
|
28% |
| |
Space & Depreciation |
2,218,817 |
20% |
| |
Overhead Allocation |
280,646 |
3% |
| |
Staff Development |
24,396 |
0% |
| |
Other Costs |
43,181 |
0% |
| |
Operating Expense |
10,871,660 |
|
| |
Net Revenue |
(1,213,633) |
|
| |
Net Expense |
9,658,027 |
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