Funding

The charge of the Funding Work Group is to advise the KYVL executive director and Leadership Team in sustainable funding models for all participatory consortial initiatives. Members share forthcoming actions affecting member billing with their constituency groups and convey feedback to the work group.

Revised 6.8.2023

The tasking of the Funding Work Group is to:

• Review data sources and funding factors and recommend adjustments as needed to raise revenues in keeping with KYVL budget requirements and to balance costs fairly within and among KYVL constituencies.
• Review and recommend annual institutional cost estimates in a timely fashion to facilitate member budgeting.
• Review KYVL Courier funding model in conjunction with KYVL Collection Work Group’s comprehensive review of KYVL resource sharing review.

The tasking of the Funding Work Group is to:

• Review and recommend annual costs estimates in a timely fashion to facilitate member budgeting.
• Review data sources and funding factors and recommend adjustments as needed.
• Monitor implementation of formula and recommend adjustments as needed.

Approved 9.24.2019

The tasking of the Funding Work Group is to:

• Bring forward formula costs to members for FY19-20 in Fall 2018.
• Review data sources for some member types.
• Continue to monitor implementation of formula in light of budget uncertainties and if need be recommend adjustments.
• Possibly further develop K-12 and/or Special formulas.

Approved 5.18.2018

The KYVL Funding work group consists of seven voting members, the Leadership Team liaison, and the KYVL executive director.

Voting members must represent or work with current member institutions. Funding members serve ex officio or by appointment of the constituencies they represent. Appointed members serve until a replacement is named by the group they represent.

The chair is named by the KYVL Leadership Team.

Affirmed by LT 12.16.2016

Updated 8.15.2024