Report from the Society Committee on Budget and Finance

Denver, COAugust 31, 2011www.acs.org/CouncilReports

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Net from Operations - $18.3 Million

$5.0 Million Favorable to Approved Budget

Total Revenues - $468.5 Million

$428,000 (+0.1%) Favorable

Total Expenses - $450.2 Million

$4.6 Million (+1.0%) Favorable

Board Financial Guidelines

Compliance with four of five guidelines anticipated

Budget & Finance Committee2011 Probable Year- End Projection

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ACS Fellows Reauthorization

2012 Proposed Budget - $97,000

2013 Forecast Budget - $101,000

2014 Forecast Budget - $103,000

ACS Leadership Reauthorization 2012 Proposed Budget - $402,000

2013 Forecast Budget - $408,000

2014 Forecast Budget - $434,000

Budget & Finance Committee2012 Program Funding Requests

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ACS Scholars Reauthorization

2012 Proposed; 2013 – 2014 Forecast: $831,000/yr.

ACS GREET Reauthorization

2012 Proposed Budget - $103,000

ACS Entrepreneurship Initiative

2012 Proposed Budget - $259,000

2013 Forecast Budget - $217,000

Budget & Finance Committee2012 Program Funding Requests

American Chemical Society

2012 Program Funding Requests Net Expenses

2011 Approved

2012 Proposed

2013 Forecast

2014 Forecast

Total Reauthorization Requests 1,265,000$ 1,400,000$ 1,340,000$ 1,368,000$

Total New Program Requests - 259,000 217,000 -

Net Expenses * 1,265,000$ 1,659,000$ 1,557,000$ 1,368,000$

Incremental Change (to 2011) - 394,000$ 292,000$ 103,000$

* Net Expenses are Before Indirect Assessments

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Committee Budgeting for 2012

Zero-based Approach

Additional Documentation/Justification

Staff Liaison Training

Greater Transparency

2011 PRAG Report

Chemistry Pipeline

Professional Preparation/Technical Training

Budget & Finance Committee Other Items