Transcript BUDGET ANALYSIS AND REVIEW COMMITTEE Financial Report Update Clara Bohrer BARC Committee Member 2010 -11 Virtual Town Hall Wednesday, June 1, 2011

BUDGET ANALYSIS AND REVIEW COMMITTEE
Financial Report Update
Clara Bohrer
BARC Committee Member 2010 -11
Virtual Town Hall
Wednesday, June 1, 2011
BARC REPORT
 Fiscal
 Mid
Year 2011 Status
Year Adjustments
 Fiscal
Year 2012 Plan
FISCAL YEAR 2011 STATUS
- 6 month Period Ending February 28, 2011

Total ALA (all combined funds) Revenues:
$19,994,313

Total ALA Expenses:
$21,963,466

($793,423 less than budget)
General Fund Revenues:
$12,059,704

($279,147 less than budget)
($169,160 less than budget)
General Fund Expenses:
$13,725,250
($226,256 more than budget)
FISCAL YEAR 2010 STATUS
- 6 month Period Ending February 28, 2011 con’t –

Division Revenues:
Division Expenses:
$ 588,770 less than budget
$1,126,176 less than budget

Roundtable Revenues:
Roundtable Expenses:
$
$
29,644 less than budget
81,929 less than budget

Grants and Awards:
$
267,261 more than budget

Investment Interest Dividends:
$
241,166 more than budget

Long-Term Investment:
$32,782,177 ($31.7 million in August 2010)
Mid Year Budget Adjustments
- Revenues
Year End
Annual Budget
Projections
Variance
General Fund
$26,822,213
$26,546,211
($ 276,002)
Divisions
$13,810,174
$13,343,900
($ 466,274)
Round Tables
$
$
$
Grants & Awards
$ 3,995,660
$ 4,495,660
$ 500,000
LTI
$
$
$
Total
367,115
482,351
$45,477,513
367,115
482,351
$45,235,237
0
0
($ 242,276)
Mid Year Budget Adjustments
- Expenses
Annual Budget
Year End
Projections
General Fund
$ 26,822,213
$26,546,211
$
276,002
Divisions
$ 15,354,208
$14,479,793
$
874,415
Round Tables
$
$
345,725
$
0
Grants & Awards
$ 3,995,660
$ 4,495,660
($
LTI
$
$
$
Total
345,725
618,852
$47,136,658
618,852
$46,486,241
Variance
500,000)
0
$ 650,417
Budget Adjustment Sources
General Fund
Revenue Shortfall
Publishing
($ 257,000)
Expense Overage
($ 410,000)
Total
($ 667,000)
Expense Adjustments
Personnel Related
$ 128,000
Building & Technology Related $ 131,000
Governance/Committees
$
Publishing & Related
$ 170,000
BCBS Refund
$
BCBS Reserve
$ 150,000
Total
38,000
50,000
$ 667,000
ALA FY 2012 Budget Overview
8
Mission of the ALA
“To provide leadership for the development,
promotion, and improvement of library and
information services and the profession of
librarianship in order to enhance learning
and ensure access to information for all.”
9
ALA’s Financial Value Proposition
“To develop and deploy the financial
resources that support the strategic plan
and deliver programs responsive to
member needs and the improvement of
library service.”
10
ALA Programmatic
Priorities – Aligned with the FY 2012 Budget

Diversity

Equitable Access
to Information and
Library Services

Education and
Lifelong Learning

11
Advocacy for
Libraries and the
Profession

Literacy

Organizational
Excellence

Intellectual Freedom

Transforming
Libraries
Total ALA Budgeted Revenues
2012 vs 2011
2012 Budget
2011 Budget
Variance
$
12
% Change
(424,548)
(4.6%)
$
141,421
2.5%
1,930,889
$
321,158
16.6%
$
4,917,008
$
15,761
0.3%
5,360,824
$
4,834,949
$
525,875
10.9%
$
13,304,831
$
10,417,227
$
2,887,604
27.7%
Grants & Awards
$
3,857,229
$
3,150,866
$
706,363
22.4%
Miscellaneous
$
6,660,910
$
6,189,168
$
471,742
7.6%
$
50,809,227
$
46,163,851
$
4,645,376
10.1%
Dues
$
8,739,020
$
9,163,568
Sales - Net
$
5,701,597
$
5,560,176
Sales Other
$
2,252,047
$
Subscriptions
$
4,932,769
Advertising
$
Meet & Conferences
Total
Total ALA Budgeted Expenses
2012 vs 2011
2012 Budget
2011 Budget
Variance
3.5%
Payroll & Related
$
21,821,904
$
21,077,083
$
744,821
Outside Services
$
6,759,390
$
5,759,090
$
1,000,300
17.4%
Travel & Related
$
2,320,587
$
2,105,329
$
215,258
10.2%
Meet & Conferences
$
6,566,550
$
6,085,967
$
480,583
7.9%
$
13
% Change
Publication Related
$
4,796,438
$
5,054,657
Operating
$
8,132,490
$
7,143,532
$
50,397,359
$
47,225,658
Total
(258,219)
(5.1%)
$
988,958
13.8%
$
3,171,701
6.7%
Thanks for Your Attention