While these successes are worth celebrating, there are still many challenges ahead as we focus on achieving our mission in a forward-looking, financially sustainable manner. The General Fund posted an operating deficit, albeit a much smaller one than in the past two years. Midwinter Meeting results missed expectations as our very talented and committed Conference … Continue reading A Year of Progress
Similar to last year, our actual results differed from our budget: Overall net expense was 1% larger than projected. Although our budget results were not favorable, they were much closer to projections than in previous years. Among revenue sources, publishing revenue of $11 million and membership dues revenue of $5.3 million were lower than projected by 11% … Continue reading A Tough Environment
For fiscal year 2016, which just closed, I am glad that ALA came very close to its budget, with operating revenues of $50,815,693 and operating expenses of $51,259,221. It was a rather challenging year. We include a number of activities for our revenue: publishing ($11,705,837), Annual and Midwinter meetings ($5,564,072 and $2,785,904, respectively), membership ($5,515,846), … Continue reading A Look at ALA’s Finances
The final audit for the 2015 fiscal year will be presented at the 2016 Midwinter Meeting in Boston. However, I would like to share with you now that preliminary results show a positive outcome for the Association. Overall, revenues generated by ALA and its divisions were 5% higher than expected, while expenses were slightly lower. … Continue reading Financially Healthy
Several times during the year, I report back to the membership on the financial health of the Association. Over time, these reports have shown a steady growth in the financial strength and capacity of the Association. As I have said before, we continue to be completely transparent and regularly communicate with the membership about the … Continue reading Financially Healthy
This is my first column as ALA’s new treasurer, and I would like to use this opportunity to share with you my overall observations about ALA’s current financial situation. Despite the recession, ALA is a financially viable and financially solvent organization. One of these strengths is the fact that the Chicago headquarters—both 40 East Huron … Continue reading ALA: Dollars and Sense
The past year has been challenging for ALA, reflecting both the difficult economic conditions affecting libraries across the US and our continuing focus on a strong Association that serves its members and supports the work of libraries and the needs of their users. ALA is ending FY2012 with a deficit. This reflects lower-than-expected revenue from … Continue reading Background on Our Budget
