Nominees were actively sought and recommended to the Board by the International Relations Committee. Cd- ROMs, Software, and Other Electronic Publications, has already sold over 600 copies. The Board approved two new publications, one on cooperative collection development and one on cataloging interactive multimedia, clearly topics of current interest. The Association is maintaining financial strength through close attention to activities with an impact on revenue and expenditures and is projected to have a net revenue in fy 1994. The dues revenue provides a solid base on which to add publishing and continuing education programs.
Dues represent the largest and most stable category of revenue.
Maintaining this stability through increased membership is thus a long range goal. Short term goals emphasize having a balanced budget, maintaining the operating reserves, and pursuing an active continuing education program. A year of testing this technique has demonstrated its utility and the Association intends to continue its use. Balloting was in October 1993. Although the bylaws revision as a package was rejected by a two thirds majority, most likely due to the proposal to eliminate sections, individual recommendations contained within the Final Report were subsequently implemented or referred to various committees for action.