Projected Cost of UCSD Libraries Journals - 20% Cut to 97/98 Journal Expense

	Projected Journal Expense	Amount Allocated For Journals	Carried Forward from Previous Year's Surplus	Endowment Income	Surplus/Deficit
96/97 Projected Journal Expense	3,111,810	2,851,209	260,601	0	0
Remaining Exp After 20% Cut	2,489,448
10% Price Increase	248,945
97/98 Projected Print Journal Exp	2,738,393	2851209	0	106,800	219,616
98/99 Total Journal Expense	2,891,743	2851209	219,616	133,800	312,882
99/00 Total Journal Expense	3,170,977	2851209	312,882	152,400	145,515
00/01 Total Journal Expense	3,477,687	2851209	145,515	172,800	(308,163)
01/02 Total Journal Expense	3,803,745	2851209	0	172,800	(779,736)

The following assumptions are used in this projection:

Electronic content will cost 90% of print content
Inflation rates for print content will be 10%
Inflation rates for electronic content will be 10%

The dollar mix of print to electronic is as follows:

97/98: All print subscriptions maintained
98/99: Print 60%; Electronic 40%
99/00: Print 55%; Electronic 45%
00/01: Print 50%; Electronic 50%
01/02: Print 40%; Electronic 60%