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
ALA Treasurer Mario M. Gonzalez reported Fiscal Year 2014 year end results in an open message to ALA Council today. These figures were reviewed by the Budget Analysis Review Committee (BARC), Finance and Audit Committee, and the Executive Board at meetings this month. His message: “While the final audit will be presented at the 2015 … Continue reading Gonzalez Reports on Fiscal Year 2014 Year End Budget
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
ALA Treasurer Mario Gonzalez issued the following statement on July 3, 2013: “A number of questions arose at conference regarding a notice that appeared in the Illinois Bar Review this Spring. This note related to the disbarment of a former ALA employee for misappropriation of funds from ALA. Last summer, we determined that an employee … Continue reading Statement from ALA Treasurer Mario Gonzalez
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
