THE INSTITUTE OF
INFORMATION SCIENTISTS
THE LIBRARY ASSOCIATION REVISED PROPOSALS
FOR A NEW ORGANISATION FOR THE LIBRARY AND INFORMATION PROFESSION:
FINANCE
The overall picture of the financial situation of the
organisations is given in Appendix C. Naturally,
an accurate estimate of the income and expenditure of a new organisation cannot be
compiled until a large number of decisions is taken about the nature of the organisation
itself. But, assuming the current range of services and activities the net result of
unification would be an increase in expenditure of £37,000 on a combined turnover of
£4.6 million.
Assets
It is envisaged that all the assets and liabilities of the two existing organisations
would be transferred to the new organisation at the time of its establishment.
Contracts
Any contracts between one or other of the two existing organisations and other
independent bodies and which are in force at the time of the establishment of the new
organisation would be honoured by the new organisation.
Subscriptions
The Unification Planning Group carefully
considered options for alternative subscription rates which would produce a level of
income enabling the new organisation to provide the wide range of services to members
described above. The subscription rates of the IIS and the LA are set out in Appendix D.
Having reconsidered
the advantages and disadvantages of income - related and fixed subscription levels, and
having examined the likely financial impacts of changes for existing members and its
impacts on the new organisation, the UPG recommends that a banded subscription system
based on income be adopted. A short transitional period would be required to bring the two
organisations’ financial years into line.
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