Report from the Society Committee on Budget and Finance

Report from the Society Committee on Budget and Finance

www.acs.org/CouncilReports

Philadelphia, PA August 22, 2012

Budget & Finance Committee 2012 Probable Year-End Projection  Net from Operations - $17.4 Million  $1.6 Million Favorable to Approved Budget

 Total Revenues - $491.6 Million  $7.1 Million (+1.5%) Favorable

 Total Expenses - $474.2 Million  $5.5 Million (-1.2%) Unfavorable 

Board Financial Guidelines  Compliance with four of five guidelines anticipated 2

Budget & Finance Committee 2013 Program Funding Requests  ACS Science Coaches Reauthorization  2013 Proposed Budget - $169,000  2014 Forecast Budget - $191,000  2015 Forecast Budget - $215,000

 ACS GREET Reauthorization  2013 Proposed Budget - $54,000  2014 Forecast Budget - $15,000

3

2013 Program Funding Requests Net Expenses

ACS Science Coaches

2012 Approved

2013 Proposed

2014 Forecast

2015 Forecast

$

(30,000)

$ (169,000)

$ (191,000)

$ (215,000)

(49,000)

(54,000)

(15,000)

ACS GREET

-

Net Expenses *

$

(79,000)

$ (223,000)

$ (206,000)

$ (215,000)

Incremental Change (to 2012)

$

-

$ (144,000)

$ (127,000)

$ (136,000)

* Net Expenses are before indirect assessments

4

Budget & Finance Committee Other Items

2012 PRAG Report  Scientific Advancement

 Advocacy

5