As a result of an Iowa state mandate for budgeting of school library media centers, the publication "Planning the School Library Media Center Budget" was updated in 1991. Since that time, the Uniform Financial Accounting's document has phased in a management information system which includes different numbers and dimensions from those available in 1991. This edition of the publication includes those new numbers and dimensions, and reflects the prices and philosophies of the end of the 20th century. A summary of past departmental policy statements and planning procedures for budgeting is followed by topical sections on: budget initiation, budget format, and budget components. Sample material replacement cycles and sample costs for selected library media for elementary, junior high/middle schools, senior high schools, and area colleges are given for basic, initial or phase one collections for cycles from two years to thirty-three and one third years. A sample budget proposal for a junior-senior high school with a student enrollment of 500 and a budget template are provided. An appendix outlines budget codes typically used in library media programs from "Uniform Financial Accounting for Iowa LEAs, 1991." (MAS)