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<title>Library ROI</title>
<meta name="description" content="A calculator to determine the annual Return on Investment for library services" />
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<h1>Library ROI Calculator</h1>
<p>In the 'usage' column, click the checkboxes if you've borrowed books or movies, and put the number of times you've used the other resources <strong>in the last year</strong>. The total will automatically update when you click out of a field (or into the next field).</p>
<form class="calculator" name="calculator" method="post" action=" ">
<table cellspacing="0" summary="A javascript driven calculator to determine estimated retail value for a variety of library services">
<caption>Market Value of Library Services</caption>
<tr><th scope="col">Usage</th><th scope="col">Library Services</th><th scope="col">Value of Services</th></tr>
<td><input data-roi-formula="* 288" type="checkbox" id="books" name="books" /></td>
<td><label for="books">Borrowed Books</label><p class="formula-explanation">Borrowing a library book is not the same value as buying a new book. As such, we base the savings on the approximate annual cost of services like <a href="">Booksfree</a> and <a href="">BookSwim</a>, which work like Netflix but for books.</p></td>
<td><output for="books" id="booksResult"></output></td>
<td><input data-roi-formula="* 96" type="checkbox" id="movies" name="movies" /></td>
<td><label for="movies">Borrowed Movies</label><p class="formula-explanation"><a href="">Netflix</a> DVDs by mail (rounded to $8/month) is the closest 'competitor' to our DVD lending service.</p></td>
<td><output for="movies" id="moviesResult"></output></td>
<td><input data-roi-formula="* 30" type="number" value="0" min="0" step="1" id="compclass" name="compclass" /></td>
<td><label for="compclass">Computer Classes Attended</label><p class="formula-explanation">Our calculation of $30 per class is approximated on the average 1.5 hour cost for one-time computer [personal enrichment] classes at local Universities and Community Colleges.</p></td>
<td><output for="compclass" id="compclassResult"></output></td>
<td><input data-roi-formula="* 2" type="number" value="0" min="0" step="1" id="newsmags" name="newsmags" /></td>
<td><label for="newsmags">Magazines &amp; Newspapers Read</label><p class="formula-explanation">Given the ephemeral nature of Magazines and Newspapers, it is fair to approximate reading and/or borrowing periodicals as the same as newsstand price, or $2 each.</p></td>
<td><output for="newsmags" id="newsmagsResult"></output></td>
<td><input data-roi-formula="* 7" type="number" value="0" min="0" step="1" id="music" name="music" /></td>
<td><label for="music">Music CDs Borrowed</label><p class="formula-explanation">The $7 approximation is based on the purchase price of an album on iTunes, and the per-album queue price for the <a href="">Yourmusic</a> service.</p></td>
<td><output for="music" id="musicResult"></output></td>
<td><input data-roi-formula="* 10" type="number" value="0" min="0" step="1" id="enrichprog" name="enrichprog" /></td>
<td><label for="enrichprog">Enrichment Program(s) Attended</label><p class="formula-explanation">Storytimes and programs for children and adults. $10 per program is based on similar local offerings.</p></td>
<td><output for="enrichprog" id="enrichprogResult"></output></td>
<td><input data-roi-formula="* 45" type="number" value="0" min="0" step="1" id="tutoring" name="tutoring" /></td>
<td><label for="tutoring">Tutoring Hour(s) Attended</label><p class="formula-explanation">Tutoring Value based on estimated per-hour cost of similar commercial services.</p></td>
<td><output for="tutoring" id="tutoringResult"></output></td>
<td><input data-roi-formula="* 15" type="number" value="0" min="0" step="1" id="reference" name="reference" /></td>
<td><label for="reference">Reference Question(s) Asked</label><p class="formula-explanation">It's tough to estimate a fixed value for Reference. A question of fact, like those asked through <a href="">ChaCha</a>, is free on the open market. An hour of professional research through many libraries (<a href="">including New York Public Library</a>) routinely costs $60 or more.</p></td>
<td><output for="reference" id="referenceResult"></output></td>
<td><input data-roi-formula="* 12" type="number" value="0" min="0" step="1" id="computers" name="computers" /></td>
<td><label for="computers">Hour(s) of Computer Use</label><p class="formula-explanation">If you don't have access to a computer, the most viable option beside the library is <a href="">Fedex Office</a>. They charge $12 per hour of computer use.</p></td>
<td><output for="computers" id="computersResult"></output></td>
<td><input data-roi-formula="* 50" type="number" value="0" min="0" step="1" id="studyroom" name="studyroom" /></td>
<td><label for="studyroom">Hour(s) of Study Room Use</label><p class="formula-explanation">Renting a room at other local attractions averages $50 per hour.</p></td>
<td><output for="studyroom" id="studyroomResult"></output></td>
<td><input data-roi-formula="* 20" type="number" value="0" min="0" step="1" id="databases" name="databases" /></td>
<td><label for="databases">Databases Accessed</label><p class="formula-explanation">Like reference questions, accessing databases has a varying and subjective value. The $20 estimate is approximate, based on short-period personal access costs to various databases.</p></td>
<td><output for="databases" id="databasesResult"></output></td>
<td><input data-roi-formula="* 9" type="number" value="0" min="0" step="1" id="passes" name="passes" /></td>
<td><label for="passes">Museum Adventure or Park &amp; Read Passes Borrowed</label><p class="formula-explanation">The $9 estimate is an average of ticket prices to local museums, parks, and other attractions.</p></td>
<td><output for="passes" id="passesResult"></output></td>
<tr><td colspan="2"><strong>Total</strong>:</td><td><output for="booksResult moviesResult compclassResult newsmagsResult musicResult enrichprogResult tutoringResult referenceResult computersResult studyroomResult databasesResult passesResult"></output></td></tr>
<noscript>Your computer does not support JavaScript. The form in the table above requires JavaScript for real-time calculation. Synopsis: Just checking out books and movies in a given year is worth $384 when compared to similar commercial offerings.</noscript>
<a href="">Get the kit</a> to use this calculator on your library site.<br /><br />
<a href="">Library ROI Calculator</a> is licensed under <a rel="license" href=""><img alt="a Creative Commons Attribution-ShareAlike 3.0 Unported License" src="" /></a>.
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