1. Report from the Society Committee on Budget & Finance
August 24, 2016
Philadelphia, PA

2. 2016 Probable 1 Projection Highlights
Governning Board for Publishing
1/14/2019
2016 Probable 1 Projection Highlights
Net from Operations – $17.3M
$3.9M favorable to Budget
$723K (4.4%) higher than 2015
Total Revenues – $528.8M
$984K (0.2%) favorable to Budget
$17.1M (3.3%) higher than 2015
Total Expenses – $511.5M
$3.0M (0.6%) favorable to Budget
$16.4M (3.3%) higher than 2015
To summarize, the 2016 Probable 1 projects a net from operations of $17.3M which is almost $4.0M (actually $3.9M) higher than the Approved Net from Operations ($13.4M); and $723,000 higher than where the Society ended 2015 ($16.6M).
Revenues are projected to be essentially on budget at $528.8M, which is +3.3% higher than If we adjust for foreign currency, top line revenue growth would actually be closer to +4.5% (1.2% or $6.1M adverse effect). FX headwinds adversely impact CAS – more on this later in the meeting from Manny and Jay in the CAS report.
Expenses are projected to be $3.0M favorable to budget which is, coincidently, also +3.3% higher than 2015 actuals.
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Note: Excludes the ACS Petroleum Research Fund and the Member Insurance Program.
Proprietary and Confidential

3. 2016 Probable 1 Projection Sources and Uses ($ in Millions)
Information Services
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, Governance, HDS, and ACS International Ltd. Net from Operations excludes the ACS Petroleum Research Fund and the Member Insurance Program.

4. Financial Guidelines Guidelines 2016 Probable 1 Current Ratio
Debt Ratio
Free Cash Flow
Sustainability
Fund Balance Ratio

5. 2017 Program Funding Requests
Atlantic Basin Conference on Chemistry
2017 Proposed Budget - $251,000
2018 Forecast Budget - $55,000
2019 Forecast Budget - $36,000
ChemIDP Program
2017 Proposed Budget - $281,000
2018 Forecast Budget - $270,000
2019 Forecast Budget - $252,000
Note: Net expenses are before indirect assessments. 5 5

6. 2017 Program Funding Requests
International Student Chapter Program
2017 Proposed Budget - $138,000
2018 Forecast Budget - $140,000
2019 Forecast Budget - $208,000
Note: Net expenses are before indirect assessments. 6 6