Magazine article American Libraries

ALA Executive Board; 2009 Financial Forecast Cautious; Membership Breaks Record

Magazine article American Libraries

ALA Executive Board; 2009 Financial Forecast Cautious; Membership Breaks Record

Article excerpt

The forecast for next year's budget cycle is cautious, according to Treasurer Rod Hersberger in meetings of the ALA Executive Board held June 27, June, 30, and July 2 during Annual Conference in Anaheim.

The board passed along to ALA's governing Council a preliminary FY 2009 budgetary ceiling of $67.9 million, representing a $1.2 million increase from FY 2008. The measures were forwarded for board approval from the Finance and Audit Committee and the Budget and Analysis Review Committee (BARC). Final action is slated for the fall.

Pending financial results of the Anaheim conference, BARC Chair Marilyn Hinshaw said that several cost-cutting measures will be considered if there is a shortfall. (EBD #3.0). She also told the board that grants and awards rose from $7 million to $10 million and membership is at a record 68,033--an increase of 2,360 from last year.

In other news, the board approved establishment of the Young Adult Library Services Association leadership endowment (EBD#13.3); accepted the OMB A-133 audit of federal awards (EBD#4.0); approved the transfer of $2 million from the ALA Operating Cash account into the ALA Working Capital account (EBD#4.1); passed a Bank of America credit proposal for the new Choice building (EBD# 4.23); and gave the Executive Committee permission to review the IRS Form 990, Return of Organization Exempt From Income Tax (EBD#4.2).

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Two new affiliates were also welcomed: the Association of Bookmobile and Outreach Services (EBD #12.50) and the Association for Rural and Small Libraries (EBD #12. …

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