News & Notices

FY 2022 Budget Summary

 

Michigan Bar Journal

STATE BAR OF MICHIGAN

OCTOBER 1, 2021 - SEPTEMBER 30, 2022 ADMINISTRATIVE FUND

On July 23, 2021, the Board of Commissioners adopted a budget for the 2022 fiscal year that continues the funding of the State Bar of Michigan’s Strategic Plan.

The budget and the Strategic Plan are available at michbar.org/generalinfo

OPERATING AND RELATED REVENUES:

License Fees and Related                                                     $7,653,000

All Other Operating Revenues                                                1,467,850

Total Operating Revenues                                                 9,120,850

OPERATING EXPENSES:

Salaries                                                                                  5,437,140

Benefits and Payroll Taxes                                                     1,912,006

Total Labor-Related Expenses                                             7,349,146

NON-LABOR OPERATING EXPENSES:

Legal                                                                                      224,875

Public and Bar Services                                                        1,079,949

Operations and Public Policy                                                 2,587,570

Total Non-Labor Operating Expenses                                  3,892,394

Total Operating Expenses                                               11,241,540

Total Operating Income (Loss)                                                          (2,120,690)

NON-OPERATING REVENUE (EXPENSES)

Investment Income                                                                               33,000

BUDGETED INCREASE/(DECREASE) IN NET POSITION               (2,087,690)