Treasurer’s Report to Council
This document outlines the programmatic priorities and strategic directions for the FY 2021 budget development by the ALA Council. It focuses on areas such as diversity, equitable access to information, advocacy for libraries, and more, aiming to enhance the association's operations and impact.
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Presentation Transcript
ALA Council Document #13.1 2019-2020 Midwinter Meeting ACTION ITEM Treasurer s Report to Council FY 2021 Programmatic Priorities Presented by: Maggie Farrell - Treasurer Tuesday January 28, 2020 Philadelphia, PA 1
FY 2020 Programmatic Priorities - Council Action is Requested - 2
Strategic Framework Informed by: Insights from the Divisions, Roundtables and Council Focus Groups Change stream studies Member Survey Guides ALA s focus, operations, culture and frames its Strategic Directions 3
Strategic Directions Represents the Association s primary areas of focus over a 3 5 year period. Advocacy Information Policy Professional & Leadership Development Equity, Diversity and Inclusion 4
FY 21 Budget Development Using the Strategic Directions as the foundation, the Association s Programmatic Priorities represent the basis for the development of the FY 2021 budget. 5
Programmatic Priorities Diversity Equitable Access to Information and Library Services Education and Lifelong Learning Intellectual Freedom Advocacy for Libraries and the Profession Literacy Organizational Excellence Transforming Libraries 6
Strategy to Address FY21 and Beyond Continue to leverage ALA s strong balance sheet for strategic investments designed to enhance revenue generation and streamline operating expenses: Move forward in FY21 with continued strategic investment Monitor impact of investments and revise or refine strategy as needed Use ALA s bank line of credit or other assets to support investments 7
Strategy to Address FY21 and Beyond Implement sale of ALA Headquarters Majority of proceeds reinvested in endowment to generate revenue for association priorities Small portion used to facilitate development of new headquarters facility that will promote collaboration and result in lowered operating costs and general liability Participate in Moving Forward initiatives with a financial lens Examine operations for streamlining and cost reductions Continue to identify and pilot New Business Development ideas 8
Council Action Approval of the 2021 Programmatic Priorities 9
Thank You 10
