CLA has faced some financial challenges over the last two to three years. Certainly, the ups and downs of the financial markets have not helped CLA’s investments. However, the management team has started the turnaround.
Included here are the Statements of Financial Position (June 30, 2012 and 2011) as reported by CLA’s independent auditor, Stack & Associates. As you can see from the data, our overall assets went down by $174,247. Why the downturn? There were three main factors impacting CLA’s overall revenues:
- Renewals in the early part of the fiscal year were down for several reasons including members’ unfamiliarity with the new membership interface and a lack of renewal notices going out in paper form.
- Registration fees for the conference were reduced which impacted our income.
- Exhibitor fees from the 2011 conference were split with the California School Library Association.
But stay tuned! Your management team is keeping a close eye on CLA’s financial health CLA and we expect next year’s report to be much better.
See Financial Statement 2012 (pdf; 1p)
Executive Director, Partners in Collaboration
CLA Treasurer, 2011-2012
CLA Board of Directors