2019Q1 Reports: Treasurer
ACL's combined financial profile remains strong.
Over the prior fiscal year the combined ACL financial assets increased in value by 19.9%, from $1,285,684 to $1,595,540.
ACL's combined revenue of $2,567,870 was realized via:
69.0% Conference registration fees 9.2% Membership fees 19.4% Sponsorships 2.4% Investment and other income
ACL's combined expenses of $2,152,079 were allocated between:
81.0% Conference expenses (and associated bank/credit card fees) 8.9% Publication expenses (including journals and websites) 3.3% Administrative Expenses (including office, professional services, insurance) 1.6% Scholarships 5.2% Other ACL initiatives and expenses
ACL's membership fees match rather directly its primary membership-wide function of producing its publications.
ACL's direct conference expenses are covered 85% by registration fees and 15% by supplementary income including sponsorships.
In Q4 2018 we successfully completed final bookkeeping, auditing and tax filing for the 2017 fiscal year
in November 2018, approximately consistent with prior year's timetables but later than ideally desired.
Goals for 2019 include:
* diversification of ACL's asset and currency holdings in a more balanced way
across USD, Euros and perhaps a 3rd currency to better align our asset distribution with the currency mix with which our major conference expenses and income are denominated, reducing our institutional exposure to exchage rate fluctutions.
* accelerating the timetable for fiscal year account closing
and final bookkeeping and auditing, and provide improved and faster mechanisms for non-final conference financial summaries and chapter/SIG subaccount balances for better real-time financial tracking and future planning.
* Supporting major ACL initiative projects and associated expense growth in a financially sustainable way
* Provide additional staff support for Priscilla and essential office functions, all of which have been severely taxed given ACL's tremendous growth in the past decade.