April 22, 2008
The Executive Board and BARC each discussed the progress made on the proposed property purchase by Choice in Middletown, CT. Construction is underway with an expected completion date in late July or early August. The Executive Board gave authority to Executive Director Keith Fiels, and AED Finance Gregory Calloway to proceed with negotiations to secure […]
April 21, 2008
The Executive Board held its spring meeting from Friday April 11th â€“ Sunday April 13th. One of the primary actions of the Executive Board was a review of the Preliminary FY 2009 budget. The foundation of the budget addresses the programmatic priorities and provides the framework for the ALAhead to 2010 strategic plan as well […]
April 2, 2008
For the past few months, ALA senior management and unit heads have been hard at work drafting the preliminary FY 2009 budget. Â In preparation for the April Executive Board meetings, I had conference calls on March 31 and April 1 with Keith Fiels and Greg Calloway to review budget preparation to that point. The remainder […]
February 19, 2008
The value of ALA’s long term investment decreased by $1,202,377 or (3.7%) in January. Â The portfolio’s benchmark declined (3.6%). Â The portfolio’s decline was somewhat less than half that of broad equity markets in January. Â At the end of January 2008, the value stood at $30,019,945, unaudited.
February 4, 2008
On January 14, BARC Chair Marilyn Hinshaw, AED for Finance Greg Calloway and I had the pleasure of meeting informally with Division Budget and Finance or Treasury representatives to discuss areas of mutual interest.Â One topic was the need for accurate budgeting and why it is important for the overall management of the Association.Â The […]
October 11, 2007
Market performance in September and the Fed rate cut in the middle of the month were both very good news for ALA’s long-term investment portfolio. Â At the close of business on September 29, the unaudited value of ALA’s long-term investments stood at $31,432,147. Â This number eclipses the previous high recorded on May 31, 2007 by […]
October 11, 2007
On the attachment, please find a summary of Annual Conference revenues and expenses and a table showing net Annual and Midwinter Conference Revenues for the past 11 years. Annual Conference Revenues and Expenses
October 9, 2007
Welcome to the ALA Treasurer’s Online Forum.Â I will use this site to try to keep interested members informed about ALA financial matters throughout the year.Â I welcome your input, so please let me know about financial topics of interest to you.