1. -All serials CASH carried forward into FY08 that is available (not encumbered) will be transferred back to the corresponding monograph fund - CASH is one-time money, so it serves no purpose to keep it in a serials fund

2. Serials Funds Breakdown FY 08 Allocation: $5,606,950 Cash Carried Forward:$1,298,828 TOTAL Serials Allocation:$6,905,778 Encumbered on Serials:$6,235,649 CASH to be moved to Monos:$ 670,129

3. - After transferring unencumbered serials cash to the corresponding monograph fund, there will be an abundance of cash in some of the monograph funds

4. What to do now? -Please take a look at your monograph funds (after we transfer the unencumbered CASH from serials on 10/18) and determine if you have enough ANNUAL ALLOCATION available to transfer to any of your serials funds to purchase new titles -Trisha Davis and Kathryn Beach will be setting up meetings on an individual basis with all subject specialists in the upcoming months -Please contact Kathryn or Trisha to set up your meeting within the next couple weeks. Meetings will be set up on a first-come, first-served basis.

5. What to do now? -If you would like to transfer ANNUAL ALLOCATION from your monograph fund to a serial fund, you may do so after meeting with Trisha and Kathryn -These meetings will cover fund activity reports, determine how much ANNUAL ALLOCATION to transfer from your monograph fund to your serial fund (if available), and answer any other questions you may have regarding your materials funds