The New Jersey State Bar Association Board of Trustees introduced an $11.6 million draft general operating budget for the organization for the 2018-2019 fiscal year at its March meeting.
The budget reflects $11.6 million in projected revenue and nearly equivalent that in projected expenses. Among other things, it continues a program that provides new attorneys free membership in their first year of admittance, and half-priced dues in the second year.
The budget will return to the board for final recommendations and approval in June. The fiscal year begins July 1. As per the bylaws, the proposed budget can be found below.
NEW JERSEY STATE BAR ASSOCIATION PROPOSED 2018-2019 BUDGET
MEMBERSHIP DUES
Membership Dues 3,121,000
Section Dues 375,800
YOUNG LAWYERS DIVISION
YLD Dues 30,100
Seminars 2,000
Annual Meeting 2,000
Entertainment 6,000
Community Service/Other 500
MEETINGS
Mid-Year Revenues 207,075
Annual Meeting Revenues 960,500
Law Ctr Meet. - Outside Grp. 110,000
Meetings Rev. - Sect & Comm 285,000
Meetings Rev. - Offsite 243,000
Meetings Rev - Retreats 88,770
OTHER INCOME
Advertising 82,000
Interest On Investments 40,000
Foundation Agreement 47,940
LAP Agreement 49,512
Royalty/Misc. Income 70,000
Ethics Diversionary Program 30,000
Corporate Partner Program 70,000
Miscellaneous Sponsorship 11,500
Leadership Academy 7,500
ICLE Revenue 5,865,730
TOTAL REVENUE 11,705,927
PERSONNEL/TRAVEL
Salaries/Bonus 3,841,000
Part-time/Temporary Staffing 20,000
Federal/State Payroll Taxes 307,500
Group Insurance 735,000
Retirement Plan 208,000
Education 2,000
Staff Association Travel/Hosp 45,000
Assn. Auto Expense 12,000
ADMINISTRATIVE
General Postage 88,000
General Printing 12,000
Delivery Service 10,000
Office Supplies 26,000
Miscellaneous Expense 280,000
Audit 54,000
Association Dues 10,000
EQUIPMENT & SERVICES
Telephone 30,000
Equipment Rental & Maint. 43,000
Computer Expense 290,000
Copier Expense 60,000
BUILDING OPERATIONS
Building & Contents Insur. 84,000
Law Center Rent & Other Exp. 604,760
MEETINGS DEPT - MID-YEAR
Meeting Functions 112,400
Speakers & Guests 5,750
Officers 15,000
Staff 15,100
Miscellaneous 50,450
ANNUAL MEETING
Meeting Functions 515,630
Speakers & Guests 7,500
Officers & Guests 7,500
Staff 42,000
Printing & Mailing 35,000
Miscellaneous 163,345
Exhibits 45,000
GENERAL MEETING EXP.
Law Ctr Meeting - NJSBA 77,000
Law Center Mtg - Outside Grp. 70,000
Law Ctr Meet.-Sect.&Comm. 225,000
Offsite Meeting Expense 243,000
Meeting Expense - Retreats 58,862
COMMUNICATIONS DEPARTMENT
New Jersey Lawyer Magazine 115,000
Directory Printing 500
Photography & Video 12,000
Graphic Design 10,000
Website Dev. & Hosting 3,000
Law Journal Pages 20,800
Daily Briefing 12,252
SECTIONS & COMMITTEES
Misc. Sect. & Committee Exp. 23,000
Sect./Committee Newsletter 25,000
Election Expense 4,450
MEMBERSHIP PROMOMOTION/SERVICES
Member Solicitation/Retention 55,000
Mentoring Program 10,500
LEGISLATIVE/LEGAL
Legislative Research & Reference 6,100
Legislative Operations/Events 5,000
Legislative Lobbying Expenses 36,000
YOUNG LAWYERS DIVISION
YLD Operating Expenses 3,400
YLD Travel Expenses 5,200
Seminars 1,500
Community Service/Other 500
Entertainment 10,000
Annual Meeting 20,000
OFFICERS & BOARD OF TRUSTEES
Officers Expenses 24,000
Presidential Initiatives 2,000
Reg. County Bar Meetings 12,000
ABA - Annual 18,700
ABA - Mid-Year 18,150
Bar Leadership 3,500
Mid-Atlantic Conf. 4,000
Board of Trustees Expenses 30,000
E & O Insurance 26,000
Leadership Academy 7,500
OTHER EXPENSES
Contingencies 20,000
Depreciation Expense 165,000
Comm. On Professionalism 74,000
Legal Research 48,000
Public Relations 1,000
Ethics Divers. Program 5,500
Bad Debt Expense 10,000
Diversity Initiatives 50,000
CLE Direct Expense * 2,294,138
TOTAL EXPENSES 11,643,487
OPERATING INC/(LOSS) 62,440
Real Gain/(Loss) Sale Invst. 0
TOTAL NET INCOME/(LOSS) 62,440
- not inclusive of operational expenses.