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Report from the Society Committee on Budget & Finance

This report provides highlights of the Society Committee on Budget & Finance's findings in Washington, DC, on August 23, 2017. It includes projections, revenues, expenses, and financial guidelines for the American Chemical Society.

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Report from the Society Committee on Budget & Finance

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  1. Report from the Society Committee on Budget & Finance August 23, 2017 Washington, DC

  2. 2017 Probable 1 ProjectionHighlights • Net from Operations – $25.3M • $2.1M favorable to Budget • $1.6M (6.7%) higher than 2016 • Total Revenues – $553.0M • $2.4M (-0.4%) unfavorable to Budget • $26.2M (5.0%) higher than 2016 • Total Expenses – $527.6M • $4.5M (0.8%) favorable to Budget • $24.7M (4.9%) higher than 2016 Note:Excludes the ACS Petroleum Research Fund and the Member Insurance Program.

  3. 2017 Probable 1 ProjectionNet from Operations($ in Millions) Information Services Investments Net Dues All Other Web Strategy & Operations Scientific Advancement Education Membership Net From Operations Note: All Other includes the Development Office and Unallocated Indirect Costs. Net from Operations excludes the Member Insurance Program and the ACS Petroleum Research Fund.

  4. American Chemical Society Financial Guidelines Targets Guidelines 2017 Probable 1 Current Ratio 0.65x target 50% maximum Debt Ratio 3-year rolling average of free cash flow > 0 Free Cash Flow 2.5% - 5.0% ROR target Sustainability Fund Balance Ratio 50% minimum

  5. ACS Online Course on Laboratory Safety 2018 Proposed Budget - $12,000 2019 Forecast Budget - $12,000 2020 Forecast Budget - $12,000 New Faculty Workshop Series 2018 Proposed Budget - $71,000 2019 Forecast Budget - $154,000 2020 Forecast Budget - $164,000 2018 Program Funding Requests Note: Net expenses are before indirect assessments. 5

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