The libraries' annual budgeting and allocation process require first setting aside funds for continuing obligations. After the libraries' capital budget has been established, and when the projected rate of national and international inflation for library materials is known (for journals this has been averaging 10-15% in recent years), it must be decided whether, and to what degree, serials cancellations will be necessary in order to continue meeting ongoing obligations as well as to continue supporting all of the university's programs. The annual cost of maintaining a fixed list of serials subscriptions would always include an amount for inflation. The reality of working with a fixed budget, conversely, is that fewer titles can be purchased each year; a flat budget has tended to be the rule rather than the exception, in recent years. About two thirds of the libraries budget for materials is spent on serials. The remainder is allocated for books and other materials. Lump sums are set aside for approval books. Whatever remains after that can be allocated for discretionary firm order purchases in support of each of the university's programs.
The amounts allocated to UWM programs depend on several factors, such as:
- the level and size of the program;
- the relative demand for books vs. journals;
- the volume of publications in various disciplines.
Items purchased with program allocations include books, videos, or non-serial material in other formats, identified and recommended by faculty on the basis of bibliographic forms from vendors, publishers' flyers, reviews, etc.