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NJSBA Board of Trustees previews preliminary 2021–2022 budget, other actions at monthly meeting

By NJSBA Staff posted 04-23-2021 01:03 PM

  

The New Jersey State Bar Association’s (NJSBA) Board of Trustees, the Association’s governing body, presented the 2021–2022 preliminary budget and took action on other matters at its April 16 virtual meeting.

The trustees approved a preliminary general operating budget for fiscal year 2021–2022, which starts July 1. The proposed budget reflects about $10.2 million in projected revenue and nearly the equivalent in projected expenses. First-year members will be offered free dues and free membership in the NJSBA Young Lawyers Division.

The plan continues to invest in infrastructure upgrades and producing events, seminars and conventions that keep members up-to-date and provide benefit to their practice and professional endeavors. The preliminary budget, which is included below, will be published, per the bylaws, and reviewed by the board before it is finalized in June.

The board approved the NJSBA Pandemic Task Force’s Practice of Law Committee report. It examined how the ongoing public health crisis changed the practice of law and what steps could be taken as attorneys emerge from the crisis. The report’s findings will be shared with the New Jersey Supreme Court, other bar associations, the public, membership and other relevant groups. The board also adopted the NJSBA Pandemic Task Force Access to Justice Committee’s recommendations and is finalizing a resource guide for the public in the coming weeks. The guide will assist people in navigating ways to get help with legal issues stemming from the pandemic.

In addition, the trustees supported several pieces of legislation, including A-729/S-391, which expands the categories of individuals who can bring a claim under the wrongful imprisonment statutes. The board also supported A-4618/S-2876, known as “Laura Wooten’s Law,” with an amendment to include the New Jersey State Bar Foundation in the list of potential recipients of funding to implement curricula on civics instruction. The bills require civics instruction in middle school and authorize the New Jersey Center for Civic Education to provide curricula, professional development and technical assistance for middle and high schools.

A third pair of bills that revise and update the law pertaining to guardianship was approved with amendments that include clarifying the scope of representation in guardianships, limiting the necessity of formal accounting requirements and expanding protections to people in civil unions and domestic partnerships. A-4618/S-2876 is intended to encourage ethical conduct by guardians and to provide stronger protections for wards and proposed wards.

The trustees additionally adopted a resolution honoring William J. Kane, the first and only director of the New Jersey Lawyers Assistance Program, who will retire this summer.

NEW JERSEY STATE BAR ASSOCIATION
2021-2022 Operating Budget
Budget
7/1/2021
  6/30/2022
MEMBERSHIP DUES
Membership Dues             2,760,000
Section Dues                300,000
YOUNG LAWYERS DIVISION
YLD Dues                  25,000
Seminars                   2,500
Entertainment                   6,000
Community Service/Other                   1,000
MEETINGS
Mid-Year Revenues175,000
Annual Meeting Revenues             1,010,768
Law Ctr Meet. - Outside Grp.                  32,500
Meetings Rev. - Sect & Comm                  86,700
Meetings Rev. - Family Law Retreat                250,000
Meetings Rev - Retreats                  72,000
OTHER INCOME
Advertising                  50,000
Interest On Investments                  45,000
Foundation Agreement                   47,940
LAP Agreement                  49,512
Royalty/Miscellaneous Income                  75,000
Ethics Diversionary Program                  26,412
Corporate Partner Program                  70,000
Miscellaneous Sponsorship Income                120,000
Leadership Academy Income                   5,400
ICLE Revenue5,089,000
TOTAL REVENUE10,299,732
PERSONNEL/TRAVEL
Salaries/Bonus             4,232,079
Part-time/Temporary Staffing                  20,000
Federal/State Payroll Taxes                340,166
Group Insurance                675,000
Retirement Plan                236,439
Education                   2,000
Staff Assoc. Travel/Hospitality                  10,000
Assn. Auto Expense                  12,000
ADMINISTRATIVE
General Postage                   45,000
General Printing                   5,500
Delivery Service                   7,000
Office Supplies                  20,000
Miscellaneous Expense                248,000
Audit                  58,000
Association Dues                   8,750
EQUIPMENT & SERVICES
Telephone                  27,000
Equipment Rental & Maint.                  40,000
Computer Expense                300,000
Copier Expense                  60,000
BUILDING OPERATIONS
Building & Contents Insur.                  65,000
Law Center Rent & Other Exp.                555,324
MEETINGS DEPT - MID-YEAR
Meeting Functions133,000
Speakers & Guests3,500
Officers13,500
Staff/Site Visits                  10,000
Miscellaneous15,000
ANNUAL MEETING
Meeting Functions                525,000
Speakers & Guests                  45,000
Officers & Guests                   7,500
Staff                  42,000
Printing & Mailing                  25,000
Miscellaneous                111,500
Exhibits                  55,000
GENERAL MEETING EXPENSES
Law Ctr Meeting - NJSBA                  52,120
Law Center Mtg - Outside Grp.                  20,000
Law Ctr Meet.-Sect.&Comm.                  66,000
Meeting Expense - Fam Law Retreat                250,000
Meeting Expense - Retreats                  58,000
COMMUNICATIONS DEPARTMENT
New Jersey Lawyer Magazine                  95,000
Directory Printing                      250
Photography & Video                   9,000
Website Dev. & Hosting                   5,000
Law Journal Pages                  20,800
Daily Briefing                  12,252
SECTIONS & COMMITTEES
Misc. Sections & Committee Exp.                  22,250
Sections/Committee Newsletter                  25,000
Election Expense                   6,000
MEMBERSHIP PROMOMOTION/SERVICES
Member Solicitation/Retention                  58,000
LEGISLATIVE/LEGAL
Legislative Research & Reference                   7,500
Legislative Operations/Events                   2,500
Legislative Lobbying Expenses                  12,000
YOUNG LAWYERS DIVISION
YLD Operating Expenses                   1,000
YLD Travel Expenses                   5,000
Seminars                   4,000
Community Service/Other                   3,500
Entertainment                    6,000
Annual Meeting/Receptions                  15,000
OFFICERS & BOARD OF TRUSTEES
Officers Expenses                  12,000
Presidential Initiatives                  10,000
Regional County Bar Meetings                  12,000
ABA - Annual                  12,000
ABA - Mid-Year                  12,000
Bar Leadership                   5,000
Mid-Atlantic Conf.                    5,000
Board of Trustees Expenses                  22,000
E & O Insurance                  23,000
Leadership Series                   5,000
OTHER EXPENSES
Contingencies                  15,000
Depreciation Expense                150,000
Bad Debt                  15,000
Comm. On Professionalism                   6,000
Legal Research                  48,000
Ethics Divers. Program                   2,771
Diversity Initiatives                  50,000
Law Practice Management                  25,000
CLE Direct Expense *1,080,000
TOTAL EXPENSES10,219,201
OPERATING INC/(LOSS)80,531
Real Gain/(Loss) Sale Invst.0
TOTAL NET INCOME/(LOSS)80,531
* not inclusive of operational expenses. 

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