Page 227 - 2024 Orientation Manual

2022/2023
Original Budget: $18,000
FY End: $17,864.00

(12) Anticipated revenues from LSBA.org advertising based on prior years.

(13) Anticipated revenues based on administrative/overhead cost sharing for 4,537 section
members at $10 per section member. Number of section members based on the following
history:
2018/2019 5,185 members
2019/2020 4,859 members
2020/2021 4,451 members
2021/2022 4,774 members
2022/2023 4,537 members

(14) Projected income from two Ethics Schools ($395 per registrant), one Trust Accounting
School ($100 per registrant), LPM School ($100 per registrant) and Advertising School
($100 per registrant) based on prior years and number of referrals (decrease).

(15) Projected income based on prior years and expected filings.

(16) Projected royalties from Affinipay, Car Rental Programs, GEICO, JobTarget, Louisiana
Legal Directories, UPS based on past 2 years as follows:
February 28 June 30
FY 2019-2020 $30,167.94 $48,379.35
FY 2020-2021 $19,133.56 $38,025.16
FY 2021-2022 $25,513.61 $37,455.73
FY 2022-2023 $30,622.31 $42,254.73

(17) Projected royalties on LSBA-endorsed professional liability and life insurance programs.
Reduction from prior years due to new competitors in the marketplace coming in with
lower rates and moving business from endorsed plan. In addition, Gilsbar’s efforts to keep
plan pricing competitive have resulted in overall stable pricing in the block.

(18) Projected interest based on the following investments and bank account interest and
service charges:
Waters Parkerson: based on advisor forecast
Charles Schwab Core Account Market Value: $11,003,000 $ 300,367
Cash $ 182,000.00 @ 4.05%
Fixed Income $4,250,000.00 @ 3.76%
Equities $6,571,000.00 @ 2.02%
Charles Schwab Operating Account Market Value: $1,500,000.00 $ 50,000
Fixed Income $1,450,000.00 @ 3.31%
Cash $50,000.00 @ 4.00%

Bank Account – Interest/Service Charges $ (8,000)

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