No decision has been made on sale of Chicago assets. If a sale were considered, most of the proceeds would be added to the Endowment to generate additional earnings to support ongoing activities of the association.
Division net asses (revenue over expenses) are allocated to the divisions. To clarify – these net assets would be allocated to divisions after any application of required overhead depending on the type of division revenue was made to the general fund.
Please consider attending Financial training on Saturday where financial issues will be discussed in detail. Susan H
Professor of Practice, University of Washington Information School, 9/16 – 6/18
Treasurer, American Library Association, 2016 - 2019
Fellow, Aspen Institute Dialogue on Public Libraries
Strategic Advisor, Califa Group
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