Monday, August 20, 2007

Mississippi Valley Library's "Return of Investment" to our Community

Return on Investment (abbreviated ROI) is a measure of a company's ability (Mississippi Valley Library District) to use its assets to generate additional value for shareholders (You - our Community).

The Mississippi Valley Library's return on investment to our Community for our Fiscal Year 2006/2007 ending on June 30, 2007 was

$6,393,718.00


Breakdown:

$3,335,150.00
Adult Books
133,406 @ $25.00
Value based on a rounded average of the list and retail prices of a significant sampling of books in this category.

$79,441.00
Young Adult Books
4,673 @ $17.00
Value based on a rounded average of the list and retail prices of a significant sampling of books in this category.

$436,864.00
Kids' Books
54,608 @ $8.00
Value based on a rounded average of the list and retail prices of a significant sampling of books in this category.

$1,143,750.00
Videotapes/DVDs
76,250 @ $15.00
Value based on rounded average of common list prices on DVDs.

$50,370.00
Music CDs
3,358 @ $15.00
Common list prices for CDs are $14.99 - $24.99. Full albums can also be bought from iTunes and other online retailers, most commonly for $9.99. Value based on a rounded average of these prices.

$500,400.00
Books on Tapes/CDs
12,510 @ $40.00
Value based on a rounded average of the list and retail prices of a significant sampling of books in this category.

$21,210.00
Electronic Books
1,414 @ $15.00
Value based on a rounded average of the prices of a significant sampling of books as available on eBooks.com.

$4,048.00
Electronic Audiobooks
368 @ $11.00
Value based on the average subscription rates for Audible.com.

$35,285.00
Magazines
7,057 @ $5.00
Value based on a rounded average of the list prices of a significant sampling of commercial magazines.

$312,570.00
Online Databases
20,838 @ $15.00
Value based on subscription rate for online service Ancestry.com.

$238,950.00
Adult Programs
6,372 @ $37.50
Value based on a rounded average of the participation costs of programs in area communities.

$171,600.00
Youth Programs
4,576 @ $37.50
Value based on a rounded average of the participation costs of programs in area communities.

$64,080.00
Internet Access
16,020 @ $4.00
Value based on hourly pricing structure for area Internet caf├ęs.


The North Suburban Library System came up with the average dollar numbers by going to retail stores, booksellers, video stores, and park districts in the community to gather real world prices for books, materials, and programs.


The circulation numbers indicating how many books, dvds, music cds, etc. that were used in the past year came from the Mississippi Valley's 2006-2007 Annual Report Statistics that concluded on June 30, 2007.


To determine your individual or family's 'return of investment' by using the Library go to http://www.nsls.info/roi/ website and follow the 'library user's savings per visit'.