Aligning collections budget with program priorities: A modified zero-based approach

The paper discusses the impact of zero-based budgeting on the budget allocation process at the University of Hong Kong Libraries (HKUL). The challenges and strategies to optimize the collections budget in reallocating resources from print to electronic publication within an environment of inflationary increases and reduced funding increases are addressed. An examination into HKUL's past and current practices compares and contrasts the use of different budget allocation methodologies. A recent modified zero-based budget review has provided opportunities for faculty participation with the result of an effective approach in aligning collections budget with changing program needs.