ALA Executive Board: Financial Update, Corporate Membership Highlight Spring Agenda
ALA has sidestepped the economic storm in terms of its investment income, at least for now, according to a Budget Analysis and Review Committee (BARC) report to the Executive Board during its Spring Meeting April 11-13 in Chicago.
Treasurer Rod Hersberger said conference travel, publishing revenues, fluctuating interest rates, and other economic factors will "likely have some effect on our revenues."
The board approved a $64-9-,million FY2009 preliminary budget request from the Finance and Audit (F&A) Committee. (Executive Board Document #4.19), moving it along to BARC. A recommendation to proceed with finance negotiations for the new Choice property in Middletown, Connecticut, also got the green light (EBD#4.20). A loan of up to $2.5 million is expected to cover build-out costs, furniture, and equipment for the magazine offices, along with the building purchase price of $1.85 million.
The board also approved a "Protocol for Responding to Requests for an Official ALA Position Statement" (EBD#12.39). The measure is an attempt to clarify the relationship between Association officers, staff, committees, divisions, and round tables in issuing formal ALA position statements.
A new corporate membership, separate from corporate giving, has been forwarded to BARC and Council (EBD#12.40). Under the plan, two levels of corporate membership will be established and the Library Champions program will move into a stand-alone structure.
The board asked the ad hoc Library Education Task Force to distribute the draft "ALA's Core Competencies of Librarianship" widely for additional comment from interested parties and organizations (EBD#12.45).
The charge to the Presidential Task Force on the ALA Election Process and Guidelines (EBD#12. …