On 9/30/06 4:47 PM, "Rick.Florence at asu.edu" <Rick.Florence at asu.edu> wrote: > Returning to my original question, would you mind giving a budget amount you > are > working with annually in relation to the replacement value of your inventory? > The reason I asked this in the first place is I am preparing a funding request > to take us to the 10% ratio and am looking for any ammunition I can find. I > fear I may have to sell it as a "setting the standard" argument rather than > using peer institution pressure. > > Thanks, > > Rick Hi Rick, At UNM (which considers UA and ASU as its peers, though I suspect both Arizona schools consider UNM lower in caliber - and I would agree with the Arizona point of view), we have an inventory I estimate as $1.8 million replacement value. We have a total annual budget of about $100,000, including inventory replacement, salary (with benefits), parts, etc. I am 0.5 FTE taking care of 80 pianos. I consider the budget adequate except for staffing level - can't possibly keep up with tuning, let alone high level maintenance in this amount of time. So I would make a strong case for a $130,000 - $140,000 budget with the needed staffing (1.0 FTE plus maybe a bit of contract tuning). Current budget is 5.5% of inventory value. My recommendation would take that to 7 - 8%. And this is being reasonable and realistic, IMO, and for a non-conservatory setting, middle of the road state institution. The Guidelines give a 5 - 10% range. Regards, Fred Sturm University of New Mexico
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