Treasurer’s Report to Council...Treasurer’s Report to Council - Membership Information Session -...
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Treasurer’s Report to Council - Membership Information Session - FY 2017 YEAR-END FINANCIAL RESULTS TO ALA COUNCIL, EXECUTIVE BOARD, MEMBERSHIP AND THE PLANNING AND BUDGET ASSEMBLY CD #13.0 2017 -18 Midwinter Meeting Presented by: Susan Hildreth – ALA Treasurer Saturday - February 11, 2018 Sunday – February 12, 2018 Denver, Co.
Transcript of Treasurer’s Report to Council...Treasurer’s Report to Council - Membership Information Session -...
Treasurer’s Report to Council- Membership Information Session -
FY 2017 YEAR-END FINANCIAL RESULTST O
ALA COUNCIL, EXECUTIVE BOARD, MEMBERSHIPA N D
THE PLANNING AND BUDGET ASSEMBLY
CD #13.02017 -18 Midwinter Meeting
Presented by:Susan Hildreth – ALA Treasurer
Saturday - February 11, 2018Sunday – February 12, 2018Denver, Co.
How Did We Do?- Total ALA -
FY 2017, FY 2016 AND FY 2015
2017 2016 2015
Revenues $ 48,808,627 $ 51,897,784 $ 51,679,590
Expenses $ 50,946,547 $ 51,365,949 $ 51,364,646
Net Operating Revenue(Expenses) $( 2,137,920) $ 531,835 $ 314,944
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$51,679,590
$51,897,784
$48,808,627
$51,364,646
$51,365,949
$50,946,547
$314,944
$531,835
$(2,137,920)
$(10,000,000) $- $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000
2015
2016
2017
Net Operating Revenue Expenses Revenues
Where Did Our Revenue Come From?
$8,115,536
$16,762,048
$11,695,804
$6,319,708
$1,391,534
$1,628,272
$3,000,028
$- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000
DUES
PUBLISHING
MEETINGS & CONFERENCES
GRANTS & AWARDS
CONTRIBUTIONS
DIVIDENDS & INTEREST INCOME:
OTHER
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General Fund Summary
2017 2016 2015
Revenues $ 27,669,658 $ 27,305,345 $ 29,024,423
Expenses $ 29,002,985 $ 27,972,577 $ 28,745,049
Net Revenue $ (1,333,327) $ (667,232) $ 279,374
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General Fund Revenues2017 2016 2015
Dues $ 5,363,955 $ 5,592,444 $ 5,480,185
Publishing $ 11,491,870 $ 12,167,044 $ 12,978,793
Meetings & Conferences
$ 7,960,980 $ 7,047,615 $ 7,783,575
Interest & Dividends
$ 1,333,533 $ 1,168,625 $ 1,087,785
Contributions $ 213,089 $ 190,020 $ 238,228
Miscellaneous $ 1,306,303 $ 1,139,597 $ 1,455,857
Total $ 27,669,658 $ 27,305,345 $ 29,024,423
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General Fund Expenses
2017 2016 2015Payroll $ 15,172,577 $ 14,323,038 $ 13,941,468
Outside Services $ 4,342,135 $ 4,312,669 $ 4,109,241
Travel $ 1,004,247 $ 1,073,904 $ 970,076
Meetings & Conferences $ 3,830,480 $ 3,896,371 $ 4,044,220
Publications $ 2,079,003 $ 2,261,921 $ 2,379,129
Operating & Overhead $ 2,324,084 $ 1,744,278 $ 2,406,458 Interunit Transfers $ 250,459 $ 360,396 $ 404,790
Total Expenses $ 29,002,985 $ 27,972,577 $ 28,255,382
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General Fund Net Revenue Sources – 2017- and other support -
Overhead TotalRevenues Support Support
Interest & Earnings $ 1,333,533 $ 0 $ 1,333,533
Membership Dues - Net $ 5,363,955 $ 0 $ 5,363,955
Publishing - Net $ 479,990 $ 2,909,300 $ 3389,290 Meetings & Conferences - Net $ 752,015 $ 2,482,732 $ 3,234,747
Other $ 612,489 $ 2,080,969* $ 2,693,458 Total $ 8,814,982 $ 7,473,001 $ 16,014,983
7*Overhead contribution from Divisions, Roundtables and Grants
Publishing Revenues & Expenses – 2017
Overhead NetRevenues Expenses Contribution Revenue
ALA Editions $ 2,646,320 $ 3,240,649 $ 698,543 $ (594,329)Booklist $ 4,760,677 $ 3,792,156 $ 1,236,819 $ 968,521 Graphics $ 697,649 $ 767,301 $ 184,094 $ (69,652)Digital Resources $ 1,188,547 $ 1,143,957 $ 324,087 $ 44,590American Libraries $ 934,513 $ 934,513 $ 247,038 $ -E-Learning $ 798,261 $ 743,817 $ 224,921 $ -Publishing - AED $ - $ (76,416) $ 0 $ (76,416)
Total $ 11,025,967 $ 10,545,977 $ 2,909,300 $ 272,714
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Meetings & ConferencesRevenues and Expenses - 2017
Overhead NetRevenues Expenses Contribution* Revenue
Annual Conference $ 6,660,599 $ 5,828,583 $ 1,758,398 $ 832,016
Midwinter Meeting $ 2,743,689 $ 2,823,690 $ 724,334 $ (80,001)
Total$ 8,349,976 $ 8,304,105 $ 2,482,732 $ 752,015
*Overhead contributed to the General Fund
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Division Revenues and Expenses– 2017
$14,308,910
$15,810,606
$13,805,974
$14,637,658
$15,096,764
$14,216,320
$(328,748)
$713,842
$(410,346)
$(2,000,000) $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000
2015
2016
2017
Net Revenue Expenses Revenues
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Roundtable Revenues and Expenses– 2017
$428,775
$434,927
$467,454
$263,737
$229,911
$268,338
$165,038
$205,016
$199,116
$- $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 $500,000
2015
2016
2017
Net Revenue Expenses Revenues
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Total ALA Assets, Liabilities & Net Assets – 2017
2017 2016 2015
Assets $ 72,513,440 $ 75,727,502 $ 77,572,339
Liabilities $ 32,622,113 $ 45,343,837 $ 46,034,318
Net Assets $ 39,891,327 $ 30,383,665 $ 31,538,021
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Preparing for FY19 and Beyond
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Strategy to Address FY 19 and Beyond
Leverage strong balance sheet to fund investments that will generate revenue and reduce operating expenses
Endowment loan ALA line of credit Bank debt supported by value of buildings/other assets
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Strategy to Address for FY 19 and Beyond
Consider the best use of the ALA Headquarters Commission analysis of best use of building Consider how to provide most efficient and modern staff work environment
Take advantage of all opportunities to streamline the organization and workflow New Business Development Committee revitalized
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Thank you for your support
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