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Report from the Society Committee on Budget and Finance

This report provides a summary of the American Chemical Society's financial performance, highlighting favorable and unfavorable variances to the budget and projecting future budgets.

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Report from the Society Committee on Budget and Finance

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  1. American Chemical Society Report from the Society Committee on Budget and Finance August 22, 2018 www.acs.org/CouncilReports Boston, Massachusetts

  2. 2018 Probable 1 Projection Highlights • Net from Operations – $31.8M • $1.3M favorable to Budget • Total Revenues – $565.1M • $5.7M (1.0%) favorable to Budget • Total Expenses – $533.3M • $4.4M (0.8%) unfavorable to Budget Note: Excludes the ACS Petroleum Research Fund, ACS subsidiaries and the Member Insurance Program. 2

  3. 2018 Probable 1 Projection *Net from Operations($ in Millions) Information Services Investments Net Dues All Other ** Governance Web Strategy & Operations Society Programs Net From Operations * Note: Excludes ACS International, Ltd., Hampden Data Services, Ltd., ACS Petroleum Research Fund, and the Member Insurance Program. ** Note: All Other includes the Development Office and Unallocated Indirect Costs.

  4. Financial Guidelines Guidelines Targets 2018 Probable 1 Current Ratio 0.65x target Debt Ratio N/A 50% maximum 3-year rolling average of free cash flow > 0 Free Cash Flow 4.0% - 8.0% ROR target Sustainability 50% minimum Fund Balance Ratio

  5. Unrestricted Net Assets2014 – 2017 Actuals; est. at July 31, 2018 ($ in Millions) P1 Net from Ops. $ 31.8 M Net Investment Gains 6.3 M PRBP Credit 19.5 M Total Increase $ 57.6 M Note: PRBP stands for post-retirement benefit plans. Excludes ACS International, Ltd., Hampden Data Services, Ltd., ACS Petroleum Research Fund and the Member Insurance Program.

  6. 2019 Program Funding Reauthorization Request • ACS Festival Series • 2019 Proposed Budget - $219,000 • 2020 Forecast Budget - $220,000 • 2021 Forecast Budget - $222,000 Note:Amounts represent net expenses before indirect assessments. 6

  7. American Chemical Society Report from the Society Committee on Budget and Finance August 22, 2018 www.acs.org/CouncilReports Boston, Massachusetts

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