At the RTCA meeting at ALA Annual 2023 we specifically discussed "nest eggs" that certain round tables had built up (largely as a result of not spending during the pandemic lockdown period), including GameRT, to make sure that we would be able to use those funds and no one said "hey, that's not actually money that you have access to, so don't plan on that" -- so yes, the information shared at the RTCA meeting at Annual this year and during the Financial Town Hall yesterday was "hard to take in" (which is putting it lightly). We've been making plans based on believing that we have a fund balance of $20,000+. The way ALA has handled this is pretty underhanded.
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Rebecca Strang (she/they)
Children's Services Librarian
Naperville Public Library
President Emeritus, Games & Gaming Round Table (GameRT)
Co-Chair, GameRT Program Planning Committee
Chair, GameRT Game On! Grant Committee
www.ToPlayIsHuman.com
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Original Message:
Sent: Jul 13, 2024 11:57 AM
From: Karen Schneider
Subject: Financial Town Hall
Hi all, it's understandable that this new view of ALA assets can be hard to take in. To quote a Board colleague summarizing the Treasurer's presentation, "The surprise for most was that Net Asset Balance (NAB) does not equate to cash. The CFO explained that it doesn't exist in the accounting world. Only Roundtables with an endowment in place have savings." This has been a misunderstanding that has existed for decades, to be honest. The reexamination of how ALA assets are explained to round tables, divisions, and similar units first began just prior to Covid, when ALA was facing a significant financial crisis that required significant effort to stay afloat. (Covid-related financial stress would make this crisis look smaller by comparison.) This repositioning also arose in the context of new leadership in the association - staff as well as member leaders.
An FAQ is forthcoming which will address the excellent questions raised in the Town Hall.
I believe I am continuing as your Executive Board liaison for 2024-2025. I had a conflict (another ALA meeting) for the July 11 GameRT Board meeting, but I will attend as many as possible this year. Fingers crossed �� that the ALA meeting I have just prior to the August 8 GameRT Board meeting ends on or close to time.
Karen G. Schneider
ALA Executive Board, 2019-2022, 2023-2025
Original Message:
Sent: 7/13/2024 10:23:00 AM
From: LeeAnn McNabb
Subject: RE: Financial Town Hall
Hello everyone,
Sorry that I wasn't at the last board meeting. I've been on the road for a couple of weeks until yesterday. I must admit that this news from the Financial Town Hall is shocking. Is this something we should've already known?
Best,
LeeAnn McNabb
Committee Chair, Game On! Grant Committee