February 22, 2013 - Oregon State Bar
February 22, 2013 - Oregon State Bar
February 22, 2013 - Oregon State Bar
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OREGON STATE BAR<br />
PROFESSIONAL LIABILITY FUND<br />
<strong>2013</strong> PRIMARY PROGRAM BUDGET<br />
Modified by PLF Board of Directors on October 6, 2072<br />
Revenue<br />
Assessments including SUA<br />
Installment Service Charge<br />
Investments and Other<br />
Total Revenue<br />
2010 2011 2012<br />
ACTUAL ACTUAL BUDGET<br />
$<strong>22</strong>,244,406 $24,465,415 $24,907,500<br />
350,469 355,593 401,000<br />
3,530,073 544,650 2,625,331<br />
$26,124,948 $24,306,358 $27,936,831<br />
2012 <strong>2013</strong><br />
;OJECTIONS BUDGET<br />
$24,815,676 $25,049,000<br />
394,571 390,000<br />
2,917,524 2,462,823<br />
$28,127,771 $27,901,823<br />
Expenses<br />
Provision for Claims<br />
New Claims<br />
Pending Claims<br />
Total Provision for Claims<br />
$18,461,583 $18,538,608 $19,070,100 $18,700,000 $19,660,320<br />
$1,481,000 $2,398,105 $2,118,900 $200,000 $1,065,600<br />
$19,942,583 $20,936,713 $21,189,000 $18,900,000 $20,725,920<br />
Expense from Operations<br />
Administration<br />
Accounting<br />
Loss Prevention<br />
Claims<br />
$2,014,918<br />
530,396<br />
1,682,064<br />
2,219,444<br />
$2,234,384<br />
635,730<br />
1,700,518<br />
2,305,033<br />
$2,201,774<br />
789,960<br />
1,867,930<br />
2,466,873<br />
$2,<strong>22</strong>0,757 $2,283,201<br />
760,565 786,<strong>22</strong>3<br />
1,504,736 1,902,969<br />
2,404,686 2,681,914<br />
Total Operating Expense<br />
$6,446,8<strong>22</strong><br />
$6,875,665<br />
$7,326,537<br />
$7,190,745 $7,654,307<br />
Contingency<br />
<strong>22</strong>,660<br />
53,523<br />
145,541<br />
41,000 306,172<br />
Depreciation<br />
214,377<br />
209,326<br />
237,600<br />
187,000 208,000<br />
Allocated to Excess Program<br />
1,2( 57,082)<br />
1,393,740)<br />
1,135,8<strong>22</strong><br />
1,1( 35,8<strong>22</strong>) (1,135,160)<br />
Total Expenses<br />
$25,369,360<br />
$26,681,487<br />
$27,762,856<br />
$25,152,923 $27,759,239<br />
Net Income (Loss)<br />
$755,588<br />
($2,375,129)<br />
$173,975<br />
$2,944,848 $142,584<br />
Number of Full Pay Attorneys 6,894 6,937 7,063<br />
7,034 7,104<br />
CHANGE IN OPERATING EXPENSES:<br />
Increase from 2012 Budget 4.47%<br />
Increase from 2012 Projections<br />
6.45°/a
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