My fiction books are in baskets by themes. Some are more general (stories about people), some are book series and some are more specific (stories about Moms and Dads). The labels are adhered with Velcro. The students read these books in the morning after unpacking, after finishing up work and at the end of the day. I also allow 2 free choice books to be chosen for their book bin.
My non-fiction books are in a different colored bin. They have the same duties as my fiction book collection.
Here are my non-fiction labels: Non-Fiction Labels
Ok, so this looks a bit sloppy but it really is organized. There are three bins going straight back in a deep cabinet (with a door for hiding). I have typed out running records in each bag with a copy of the story (or 2). They are organized by DRA/Guided Reading Levels and I have two choices for each level. I usually do a running record on each child at least once a month. I have a first grade chart that I keep for each child telling the goal, where they are at and whether they met the goal. (I will post it when I get to my school computer.)
That's all I got for tonight, I will add to this tomorrow :)