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

2. BARC REPORT Fiscal Year 2011 Status Mid Year Adjustments Fiscal Year 2012 Plan

3. FISCAL YEAR 2011 STATUS - 6 month Period Ending February 28, 2011 Total ALA (all combined funds) Revenues: $19,994,313($279,147 less than budget) Total ALA Expenses: $21,963,466($793,423 less than budget) General Fund Revenues: $12,059,704($169,160 less than budget) General Fund Expenses: $13,725,250($226,256 more than budget)

4. FISCAL YEAR 2010 STATUS - 6 month Period Ending February 28, 2011 con’t – Division Revenues: $ 588,770 less than budget Division Expenses: $1,126,176 less than budget Roundtable Revenues: $ 29,644 less than budget Roundtable Expenses: $ 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)

5. 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 $ 367,115 $ 367,115 $ 0 Grants & Awards $ 3,995,660 $ 4,495,660 $ 500,000 LTI $ 482,351 $ 482,351 $ 0 Total $45,477,513 $45,235,237 ($ 242,276)

6. Mid Year Budget Adjustments - Expenses Year End Annual Budget Projections Variance General Fund $ 26,822,213 $26,546,211 $ 276,002 Divisions $ 15,354,208 $14,479,793 $ 874,415 Round Tables $ 345,725 $ 345,725 $ 0 Grants & Awards $ 3,995,660 $ 4,495,660 ($ 500,000) LTI $ 618,852 $ 618,852 $ 0 Total $47,136,658 $46,486,241 $ 650,417

7. 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 $ 38,000 Publishing & Related $ 170,000 BCBS Refund $ 50,000 BCBS Reserve $ 150,000 Total $ 667,000

8. ALA FY 2012 Budget Overview 8

9. 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

10. 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

11. ALA Programmatic Priorities – Aligned with the FY 2012 Budget  Diversity  Equitable Access to Information and Library Services  Education and Lifelong Learning  Advocacy for Libraries and the Profession  Literacy  Organizational Excellence  Intellectual Freedom  Transforming Libraries 11

12. Total ALA Budgeted Revenues 2012 vs 2011 2012 Budget2011 BudgetVariance% Change Dues $ 8,739,020 $ 9,163,568 $ (424,548) (4.6%) Sales - Net $ 5,701,597 $ 5,560,176 $ 141,421 2.5% Sales Other $ 2,252,047 $ 1,930,889 $ 321,158 16.6% Subscriptions $ 4,932,769 $ 4,917,008 $ 15,761 0.3% Advertising $ 5,360,824 $ 4,834,949 $ 525,875 10.9% Meet & Conferences $ 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% Total $ 50,809,227 $ 46,163,851 $ 4,645,376 10.1% 12

13. Total ALA Budgeted Expenses 2012 vs 2011 2012 Budget2011 BudgetVariance % Change Payroll & Related $ 21,821,904 $ 21,077,083 $ 744,821 3.5% 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% Publication Related $ 4,796,438 $ 5,054,657 $ (258,219) (5.1%) Operating $ 8,132,490 $ 7,143,532 $ 988,958 13.8% Total $ 50,397,359 $ 47,225,658 $ 3,171,701 6.7% 13

14. Thanks for Your Attention