Report from the Society Committee on Budget and Finance Denver, CO August 31,

2  Net from Operations - $18.3 Million  $5.0 Million Favorable to Approved Budget  Total Revenues - $468.5 Million  $428,000 (+0.1%) Favorable  Total Expenses - $450.2 Million  $4.6 Million (+1.0%) Favorable  Board Financial Guidelines  Compliance with four of five guidelines anticipated Budget & Finance Committee 2011 Probable Year- End Projection

3  ACS Fellows Reauthorization  2012 Proposed Budget - $97,000  2013 Forecast Budget - $101,000  2014 Forecast Budget - $103,000  ACS Leadership Reauthorization  2012 Proposed Budget - $402,000  2013 Forecast Budget - $408,000  2014 Forecast Budget - $434,000 Budget & Finance Committee 2012 Program Funding Requests

4  ACS Scholars Reauthorization  2012 Proposed; 2013 – 2014 Forecast: $831,000/yr.  ACS GREET Reauthorization  2012 Proposed Budget - $103,000  ACS Entrepreneurship Initiative  2012 Proposed Budget - $259,000  2013 Forecast Budget - $217,000 Budget & Finance Committee 2012 Program Funding Requests

American Chemical Society 2012 Program Funding Requests Net Expenses

6  Committee Budgeting for 2012  Zero-based Approach  Additional Documentation/Justification  Staff Liaison Training  Greater Transparency  2011 PRAG Report  Chemistry Pipeline  Professional Preparation/Technical Training Budget & Finance Committee Other Items