As a library director, what does one do when the circulation department insists an unreasonable number of books must be replaced, the children's department needs more money for summer reading programs and the maintenance director claims the HVAC system will not survive another year? Responsible for an ever-increasing number of media formats and public service programs, library directors today must also create and maintain an intricate and continually challenging budget. Compiled from firsthand experience, this easy-to-read guide contains a plethora of information regarding financial management that is especially relevant to library administration. Beginning with creating an operating budget, the work discusses various revenue sources which may be useful in meeting financial obligations. The reader is also walked through the intricacies of the purchasing process, from day-to-day supplies and books to major projects. Additional topics include building library facilities, the practical side of auditing, and strategies for dealing with a limited budget. Appendices contain information on coding a line item budget and a copy of a library district gift policy. This is a must-read for any up-and-coming library administrator!