Use resources wisely through prudent management, continuous quality improvement at Headquarters, and by providing adequate support for all ongoing and new initiatives. Rationale Every organization must provide for means to support its activities. A strong financial position will ensure that a variety of revenue sources will be available to allow AALL to meet the needs of members. The impact of this strategic direction is extremely great, since it affects all aspects of the organization. The immediacy of this strategic direction relates to taking charge of finances before financial difficulties arise.
Initiatives Create financial stability.
Stability of financial resources underlies all programs of the Association. AALL will build reserves sufficient to maintain the Association's financial health by clearly defining its funds and their uses. A Current Reserve Fund will enable AALL to operate at current levels of service, based on an annual analysis of the risks in revenues in the General Fund. A Capital Reserve Fund will be used to furnish and improve space and purchase capital equipment, based on analysis of future needs. AALL will reinvest a portion of the interest from the Permanent Investment Fund, according to its policy.