Many services are valued on the basis of Return on Investment. But how does that work for a public library that doesn't sell anything?
You determine it on the basis of what it would cost if the services had to be paid for. This review has been updated for the financial year of 2014-15 and looking at a broad range of library services, from the collection to storytimes, internet access to information enquiries.
For every dollar spent by on public library services in the City of Casey and Cardinia Shire there is a $8.03 return on investment.
And a very good investment that is, if I say so myself.
Check out the range of services explored and the calculations made in the Economic Value of Casey-Cardinia Library Corporation infographic.