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Report from the Society Committee on Budget & Finance

Report from the Society Committee on Budget & Finance. September 11, 2013 Indianapolis, IN. www.acs.org/CouncilReports. Budget & Finance Committee 2013 Probable Year-End Projection. Net from Operations - $14.5M $1.3M Favorable Total Revenues - $491.8M $7.6M (-1.5%) Unfavorable

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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 September 11, 2013 Indianapolis, IN www.acs.org/CouncilReports

  2. Budget & Finance Committee2013 Probable Year-End Projection • Net from Operations - $14.5M • $1.3M Favorable • Total Revenues - $491.8M • $7.6M (-1.5%) Unfavorable • Total Expenses - $477.2M • $8.9M (1.8%) Favorable • Board Financial Guidelines • Compliance with four of five guidelines anticipated

  3. Financial Guidelines Guideline Target 2013 Probable 1 Current Ratio 0.65x target Debt Ratio 50% maximum 3-year rolling average of free cash flow > 0 Free Cash Flow 2.5% - 5.0% ROR target Sustainability Fund Balance Ratio 50% minimum American Chemical Society

  4. Unrestricted Net Assets2009 – 2012 Actuals; est. at July 31, 2013($ in Millions) Net from Operations – P1 $ 14.5M Investment Gains 15.0M PRBP Changes 55.3M Net Increase $ 84.9M Note: Excludes the Member Insurance Program and the ACS Petroleum Research Fund. 4 American Chemical Society

  5. ACS Entrepreneurial Initiative National Association of Chemistry Teachers ACS International Center (Reauthorization) SciMind(Reauthorization) Budget & Finance CommitteeProgram Funding Requests 5

  6. Program Funding Requests Net Expenses

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