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Report from the Society Committee on Budget and Finance

Report from the Society Committee on Budget and Finance. San Diego, CA March 28, 2012. 2011 Financial Highlights. Total Revenues - $472.0 Million + 1.8% increase over 2010 Net from Operations - $20.9 Million $7.7 million above Approved Budget Unrestricted Net Assets - $102.0 Million

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Report from the Society Committee on Budget and Finance

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  1. Report from the Society Committee on Budget and Finance San Diego, CA March 28, 2012

  2. 2011 Financial Highlights • Total Revenues - $472.0 Million • +1.8% increase over 2010 • Net from Operations - $20.9 Million • $7.7 million above Approved Budget • Unrestricted Net Assets - $102.0 Million • Decline from $130.5 million in 2010 • Board Financial Guidelines • Compliance with four of five guidelines

  3. Net from Operations2011 Actuals($ in Millions) Information Services $71.3 Investments Net Dues Revenue All Other Office of Public Affairs Web Strategy & Operations Education Membership & Scientific Advancement Net From Operations Notes: All Other includes unallocated indirect costs, Development, Grants and Awards, and Governance. Net from Operations excludes the ACS Petroleum Research Fund and the Member Insurance Program.

  4. Unrestricted Net Assets2007 - 2011 Actuals($ in Millions) Net from Ops $20.9M Investment Loss (0.3M) Asset Transfer (0.9M) PRBP (48.2M) Total Decrease ($28.5M) } $102 Note: Excludes ACS Petroleum Research Fund and Member Insurance Program.

  5. At www.acs.org Step #1 Step #2 5

  6. $151.00 2013 Fully Escalated Dues Calculation 2012 Dues Rate x CPI $148.00 x 1.0216 = $151.20

  7. Comparison with Other Scientific Societies - 2012 American Chemical Society 7

  8. $151.00 2013 Fully Escalated Dues Calculation 2012 Dues Rate x CPI $148.00 x 1.0216 = $151.20 The Society Committee on Budget and Finance recommends to Council that the 2013 dues be set at the fully escalated rate of $151.

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