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Dr. Peter Hepburn
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An Update from the TreasurerWhen 2023 began, I was optimistic about ALA’s financial situation. I remain so, though there are some things that bear watching and even correcting course on. ALA has historically drawn significant revenue from conferences and publishing, two sources that still face challenges to stability and growth. The divisions and round tables have worked hard to control expenses and have contributed significantly to ALA’s fiscal viability. The association continues to seek to develop new revenue streams, such as data design and research. Most critically, though, is how the strength of contributed revenues has bolstered our financial fortunes. Sustaining this revenue stream will be a challenge, but it provides us with some cushion needed for growing the newer revenue streams even as we seek to stabilize more established ones. Now that we have begun FY2024, ALA staff, member leaders, and I will work to preserve reason for ongoing optimism.
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Key documentsIn general, the financial documents that such bodies as the Executive Board, Council, the Finance and Audit Subcommittee, and the Budget Analysis and Review Committee discuss are available to all ALA members. A number of key documents are linked below. All non-confidential Council and Executive Board documents are available on the ALA site. |
ALA EndowmentThe ALA Endowment Fund is a long-term measure designed to support the mission and programs of the association. The ALA Treasurer serves on the board of the Endowment Trustees in an ex officio capacity. Use the links below to learn more about or give to the Endowment. |
Financial Orientation & LearningALA offers orientation to and education regarding its finances. The links below provide members with access to the various resources. |
Upcoming meetings
NEXT MEETING: Thursday, January 11, 2024, from 11am-3pm CT.
The Treasurer co-chairs joint meetings of the Budget Analysis and Review Committee (BARC) and the Finance and Audit Subcommittee (F&A) four times a year. The next meeting will be a virtual meeting on Thursday, January 11, from 11am-3pm CT.
In addition, the Treasurer presents financial information at the ALA Membership Meeting and Information Session, at meetings of ALA Council and of the Executive Board, and at the Planning and Budget Assembly/Division Leadership session at LibLearnX and at ALA Annual. Dates, times, and locations may be found in the conference scheduler.