This term applies to both academic and professional libraries. To qualify as having a library, an agency must maintain a inventory of books and information materials in a central location. The agency should also use an established check-out and inventory maintenance procedure for the library materials.
Information is housed in a central location.
Physical security measures are in place to protect assets. Check-out procedures and policies have been implemented. Individual item costs and supplemental information is generally contained in a supplemental database. The existence of the library helps the entity fulfill its mission. The value of library inventory is material to the organization.