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existing Fellows. We are extremely proud of Shawn, especially as we are at the crossroads where
artificial intelligence intersects the law.

FINANCES
The LSBA closed out FY 2022/2023 with a contribution to reserves of more than $650,000. We
performed significantly better than budget (which as revised projected a $161,520 deficit). This
variance can be attributed to our overall efforts to increase income and maximize expenses, but these
were some of the significant variances:
• CLE Income (including sponsorships and online) $82,567 over budget
• Interest Income $67,299 over budget
• MCLE Delinquent Fees - $77,021 over budget
• MCLE Repeat Penalty Fees - $22,876 over budget
• Officer Expenses - $15,373 under budget
• House of Delegates Expenses - $19,920 under budget
• Legislative Monitoring - $10,000 under budget (we did not engage in monitoring at all)
• Personnel Expenses - $200,000+ under budget (due to a number of staff vacancies throughout
the year, some for extended periods)
• Fastcase Expenses- $10,356 under budget (did not utilize much of the money set aside for
training since this is primarily done virtually)
• Committee on the Profession Program Expenses - $11,695 under budget
• Computer Supplies and Services Expenses - $17,417 under budget
• Building Maintenance Expenses - $129,391 under budget (due to delay of waterproofing
project)
• Office Supplies Expenses - $13,417 under budget
• Staff Travel and Training - $10,190 under budget

The LSBA enjoys a healthy financial position. For the past several years we have budgeted into our
reserves, but through fiscally sound operating practices (and a little luck) we have ended each of these
years with contributions to reserves. The current fiscal year is the seventeenth year with our current
dues structure: $200 for members of three years or more and $80 for members less than three years.
At the conclusion of FY 2022/2023, the LSBA has cash reserves as follows (excluding temporarily
restricted funds such as Legal Malpractice Insurance Fund, grants and section accounts):
• General Reserve – $11,648,532
• Capital Reserve (Bar Center and other improvement as defined by BOG) – $1,020,112

We are currently budgeted into reserves for FY 2023/2024 in the amount of $650,000. This includes
financial support for affiliate entities as follows:
• Judges and Lawyers Assistance Program - $100,000 (the LSBA provides $300,000 in JLAP
funding but some of these funds come from MCLE fees and Supreme Court funds)
• Louisiana Center for Law and Civics Education - $63,000
• Committee on Bar Admissions - $220,000 (estimate)

SUMMER SCHOOL AND ANNUAL MEETING

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