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(10) Anticipated revenues from sale of display and classified advertising in “Bar Briefs”.
(11) Anticipated revenues from LSBA.org advertising based on prior years. 2018/19 Budget
was increased to $15,000 based on prior year actuals (previous budget $13,000). On
11/7/18, budget was amended from $15,000 to $18,000 based on $13,000 in income
through 9/30/18; the increase in income is not the norm.
(12) Anticipated revenues based on administrative/overhead cost sharing for 5,000 section
members at $10 per section member. Number of section members based on the following
history:
2015/2016 5,917 members
2016/2017 5,451 members
2017/2018 5,128 members
2018/2019 5,185 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.
Amendment 08/25/19 – Increased based on prior YTD actual income.
(15) 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 2015-2016 $24,551.30 $39,468.37
FY 2016-2017 $29,248.56 $40,456.17
FY 2017-2018 $27,946.32 $42,477.95
FY 2018-2019 $34,493.34 $50,149.66
Amendment 08/25/19 – Increased based on prior YTD actual income.
(16) Projected royalties on LSBA-endorsed professional liability, health and life insurance
programs, including additional royalty previously paid to Legal Malpractice Insurance
Fund.
(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: $8,550,000 @ 2.72% = $ 232,000
Cash $ 350,000.00 @ 2.11%
Fixed Income $3,300,000.00 @ 3.53%
Equities $4,900,000.00 @ 2.21%
Charles Schwab Operating Account Market Value: $750,000.00 @ 2.47% $ 18,000
Investment $250,000
Bank Account – Interest/Service Charges $ 7,000
PROJECTED $257,000
Realized Gains/Loss on Investment BUDGETED $ 10,000
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