Page 175 - 2021bogOrientationManual

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

(12) Anticipated revenues based on administrative/overhead cost sharing for 4,800 section
members at $10 per section member. Number of section members based on the following
history:
2016/2017 5,451 members
2017/2018 5,128 members
2018/2019 5,185 members
2019/2020 4,859 members

(13) 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.

(14) Projected income based on prior years.

(15) Projected royalties from Affinipay, Car Rental Programs, GEICO, JobTarget, Louisiana
Legal Directories, UPS based on past years as follows:
February 28 June 30
FY 2016-2017 $29,248.56 $40,456.17
FY 2017-2018 $27,946.32 $42,477.95
FY 2018-2019 $34,493.34 $50,149.96
FY 2019-2020 $30,167.94 $48,379.35

(16) 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.

(17) 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: $8,650,000 @ 2.91% = $ 251,300
Cash $ 250,000.00 @ 0.00%
Fixed Income $3,700,000.00 @ 3.74%
Equities $4,700,000.00 @ 2.40%
Charles Schwab Operating Account Market Value: $750,000.00 @ 0.99% $ 7,000
Investment $258,300

Bank Account – Interest/Service Charges $ 6,000
PROJECTED $264,300

(18) Realized Gains/Loss on Investment BUDGETED $ 10,000

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