CRKN is pleased to offer this quarterly financial update to members providing information on CRKN's annual report, the foreign exchange project, customized member reporting and information on various administrative topics including CRKN’s anticipated invoicing schedule.
Finances
Finances
- "Big Deal" Checklist
The decision to enter into a “big deal” arrangement is one that each CRKN member takes after careful cost-benefit analysis conducted at the institutional level. The decision to renew or opt-out of an existing license should be taken with equal care. The "Big Deal" Checklist briefly outlines issues that a member might want…
The CRKN Annual Report provides a comprehensive overview of the projects and activities undertaken throughout its financial year. The Annual Report also includes audited financial statements.
Since 2014-2015, CRKN's annual reports have been produced in electronic-only format, including summary versions of CRKN's audited financial…
The purpose of the Finance & Audit Committee is to assist the Board in fulfilling its oversight responsibilities by monitoring and making recommendations respecting the sufficiency, transparency, and integrity of the organization’s financial health and sustainability. The committee will also monitor and review the effectiveness of CRKN…
The Institutional Mobilization Toolkit offers a collection of materials for CRKN members to utilize when communicating with their internal stakeholders on the issues of negotiation priorities. The IM Toolkit helps librarians communicate with researchers, faculty members, and administrators about how their publishing choices, promotions and…
The CRKN Banding system has been developed to provide a relative measure of comparison of research and teaching intensity among consortia members and to give content suppliers a consistent basis for setting prices. The Banding system uses a rolling average of three data variables, equally weighted, to determine in which band each member…
Today, CRKN begins conversations with its membership regarding the effect of the recent weakening of the Canadian dollar. A recent analysis of the current economic environment undertaken by CRKN shows that approximately 60% of Canadian university library acquisition budgets are exposed to US dollar foreign exchange risk. The impact of what is…
Over the last decade, the CRKN team has refined its negotiations and invoicing process surrounding the core content licensing activity. The bulk of the content that CRKN licenses is on multi-year agreements, negotiated in and settled in USD, and CRKN bills its members very nearly completely in USD.
Under a Board approved initiative to provide additional targeted services to members and raise incremental revenues in a manner consistent with CRKN's strategic plan, CRKN has offered members the opportunity to participate in foreign exchange projects in each of the past four years. These projects are intended to give members additional…