Choice going through a transformation in publishing space Beefing up e-commerce efforts Will use net assets to invest R. Lawson and S. Hornung RUSA – Being affected by negative trends in industry Strategic planning team put together to identify important trends A surge in membership realized Will use endowment proceeds Looking for a dues increase first in 12 years – Will redesign governance structure G. Persichini and S. Hornung ASCLA – Financial sustainability a concern Proposed to join with FLFLRT (5/1/16) New strategic plan being developed with M. Golrick Using new travel agent resulting in higher profit margin Will receive a grant from LOC on serving patrons with disabilities every 5 yrs. – ALCTS B. Margolis (out)/K. Cascio – 60th anniversary CE geared toward paraprofessionals Slow declining membership 4% per year – Subscriptions on journals declining United for Libraries J. Pinder and S. Reed – Looking to train more Trustees through the academy Looking for more sponsorships $28,000 subsidy in 2017 and $14,000 in 2018 Lost a lot of brand recognition resulting from name changes More Friends and Foundations combining LITA L. Goetsch and J. Levine – A rebuilding year Membership declining 10% in 2017 – Updating 2 titles Concerned about staffing limitations PLA J. Jefferson, Jr and B. Macikas – FY17 is a spend down year for their national conference Investing in - $50,000 in new revenue “digital Learn” Beginning a podcast series More spending on professional services and web activities
Choice going through a transformation in publishing space Beefing up e-commerce efforts Will use net assets to invest RUSA – R. Lawson and S. Hornung Being affected by negative trends in industry Strategic planning team put together to identify important trends A surge in membership realized Will use endowment proceeds Looking for a dues increase – first in 12 years Will redesign governance structure ASCLA – G. Persichini and S. Hornung Financial sustainability a concern Proposed to join with FLFLRT (5/1/16) New strategic plan being developed with M. Golrick Using new travel agent resulting in higher profit margin Will receive a grant from LOC on serving patrons with disabilities – every 5 yrs. ALCTS – B. Margolis (out)/K. Cascio 60th anniversary CE geared toward paraprofessionals Slow declining membership – 4% per year Subscriptions on journals declining United for Libraries – J. Pinder and S. Reed Looking to train more Trustees through the academy Looking for more sponsorships $28,000 subsidy in 2017 and $14,000 in 2018 Lost a lot of brand recognition resulting from name changes More Friends and Foundations combining LITA – L. Goetsch and J. Levine A rebuilding year Membership declining – 10% in 2017 Updating 2 titles Concerned about staffing limitations PLA – J. Jefferson, Jr and B. Macikas FY17 is a spend down year for their national conference Investing in “digital Learn” - $50,000 in new revenue Beginning a podcast series More spending on professional services and web activities
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