Page 95 - June 10 2022 Incoming BOG
P. 95

FY 2018-2019         $34,493.34            $50,149.96
                         FY 2019-2020         $30,167.94            $48,379.35
                         FY 2020-2021         $19,133.56            $38,025.16
                         FY 2021-2022         $25,513.61

                  (17)   ESTIMATE ONLY. AWAITING PROJECTION FROM GILSBAR.
                         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: $11,215,000 @ 2.36% =        $ 264,700
                                          Cash                 $   65,000.00 @ 0.00%
                                          Fixed Income $4,450,000.00 @ 3.45%
                                          Equities          $6,700,000.00 @ 1.66%
                         Charles Schwab Operating Account  Market Value: $750,000.00 @ 0.47% $     3,500

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

                         Realized Gains/Loss on Investment BUDGETED                               $  10,000

                  (19)   Projected income as follows:
                           From Legal Services programs:
                                Training Coordinator (current )            $15,000
                                Training Coordinator (assumed renewal)     $15,000
                              Four Law Firms each paying $3000:
                           Stipends for 4 ATJ Leadership Interns          $12,000
                                                                           $42,000

                  (20)   Projected sponsorship income based on prior years.

                  (21)   $10,000 contribution from C.N.A and $10,000 contribution from Gilsbar to be used to
                         offset LSBA support of JLAP.

                  (22)   Anticipated income from the Supreme Court of Louisiana and the Louisiana Attorney
                         Disciplinary Board in connection with single billing. Based on the 2022/2023 expenses
                         reduced by label income collected in FY 2021/2022, the Supreme Court of Louisiana will
                         pay 10% of reduced expenses capped at $10,000 and the Louisiana Attorney Disciplinary
                         Board will pay half of remaining expenses.

                  (23)   Income from Louisiana Board of Legal Specialization for rent and overhead allocation.

                  (24)   Projected income from administrative fees of Fee Arbitration Program. Usage down since
                         COVID.

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