Budget and Finance

Marni E. Byrum, Chair

The Standing Committee on Budget and Finance met on April 19, 2018, to review and approve the staff’s proposal for the FY 2019 operating budget.  The budget was reviewed and approved by the Executive Committee on June 13, 2018.   On June 14, 2018, Bar Council considered, and unanimously passed, an operating budget of $14.1 million for FY 2019. Chief Justice Lemons communicated the Court’s preliminary approval of the budget as submitted on May 23, 2018, to Karen Gould, Executive Director and Chief Operating Officer.  The Court will consider the FY 2019 budget during its August 2018 Business Meeting.       

The budget reflects a decrease of approximately $806,000 over the budget for the prior fiscal year which ended on June 30, 2018.  The decrease is primarily due to a decrease in the Clients’ Protection Fund Assessment from $25 per active member to $10 per active member.  In addition, salaries are based on 92 FTEs for FY 2019, which reflects a net decrease in two positions from the FY 2018 budget.  The budget also includes a 2% bonus for VSB employees effective November 2018.  The General Assembly did not approve a 2% bonus for state employees, therefore, anticipated expenditures of the bar will decrease by approximately $137,730 in salaries and benefits in FY 2019. 

The Committee continues to evaluate the appropriate levels of reserves and dues for the Bar.  

Updated: Jul 05, 2018