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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