[Evergreen-acq] Fund structure

[Galen Charlton]

Hi,

I worked on Voyager back in the day, and its notion of a three-tiered
structure is described here:

https://knowledge.exlibrisgroup.com/Voyager/Knowledge_Articles/Overview_of_the_Voyager_Fund_Structure

But basically: "allocated funds" hold the money, summary funds above them
group them together for reporting purposes, while reporting funds below
them allow expenditures against an allocated fund to be assigned to a
reporting category without that category having an individual monetary
limit.

Voyager's ledgers (see
https://library.princeton.edu/departments/tsd/order/funds/findfund.html)
effectively are another layer in the structure. They also serve as the
linkage to library locations and fiscal years.

Evergreen's funding sources and fund tags can be used to provide
summarization for reporting purposes -- and more flexibly than the strict
parent/child relationship between Voyager's summary and allocated funds --
but I can't think of anything that would a direct equivalent to Voyager's
reporting funds, although reporting based on the locations and subjects
associated with purchases could fill the need in some situations.

Regards,

Galen

Regards,

Galen

On Wed, Oct 26, 2022 at 8:37 AM Erica Rohlfs via Evergreen-acq <
evergreen-acq at list.evergreen-ils.org> wrote:

> Good Morning Tiffany,
>
> While I've never worked directly with Virtua ILS, I have been part of
> implementations moving libraries from it to Evergreen. In Virtua, it's like
> a tree structure (similar to what EG has in some of the Admin interfaces,
> such as permission groups). An example would be the fund source at the top,
> the second tier being Adult FIC, and the 3rd tier being the individual
> branch fund, such as Adult FIC Branch1, Adult FIC Branch 2. This structure
> may be helpful to libraries who need to breakout funding per branch, versus
> a more centralized workflow. Evergreen is set up to be two tiered with the
> funding source and then the individual funds. If each library was ordering
> for themselves, a possible workaround would be to separate funds for each
> library.
>
> I hope this helps, and I look forward to hearing others' experiences with
> their legacy ILS Acq modules.
>
> Thank You,
> Erica
>
> On Wed, Oct 26, 2022 at 8:23 AM Tiffany Little via Evergreen-acq <
> evergreen-acq at list.evergreen-ils.org> wrote:
>
>> Good morning!
>>
>> I'm hoping that someone out there who has done acquisitions in another
>> ILS other than Evergreen can help me understand this. Someone has asked me
>> if Evergreen has a "three tiered fund structure" and...I really don't know
>> what that means. How are funds handled in other ILSes that might be
>> considered "three tiered"? Are we "two tier" because of the layering of
>> funding source+fund?
>>
>> Thank you!!
>> Tiffany
>>
>> Tiffany Little, PINES Services Specialist: Acquisitions
>>
>> ------------------------------
>>
>> Georgia Public Library Service | University System of Georgia
>>
>> 2872 Woodcock Blvd, Suite 250 l Atlanta, GA 30341
>>
>> (404) 235-7161 | tlittle at georgialibraries.org
>>
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>
>
> --
> Erica Rohlfs, MLIS, PMP
> Senior Implementation Project Manager
> Equinox Open Library Initiative
> erica.rohlfs at equinoxOLI.org
> https://equinoxOLI.org
> phone: 877-OPEN-ILS (673-6457)
> direct: 770-709-5572
> _______________________________________________
> Evergreen-acq mailing list
> Evergreen-acq at list.evergreen-ils.org
> http://list.evergreen-ils.org/cgi-bin/mailman/listinfo/evergreen-acq
>


-- 
Galen Charlton
Implementation and IT Manager
Equinox Open Library Initiative
gmc at equinoxOLI.org
https://www.equinoxOLI.org
phone: 877-OPEN-ILS (673-6457)
direct: 770-709-5581
<http://evergreen-ils.org>
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