STATE BAR OF MICHIGAN
OCTOBER 1, 2023 - SEPTEMBER 30, 2024 ADMINISTRATIVE FUND
On July 22, 2023, the Board of Commissioners adopted a budget for the 2024 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 |
10,795,000 |
| All Other Operating Revenues |
1,804,955 |
| Total Operating Revenues |
12,599,955 |
| OPERATING EXPENSES: |
| Salaries |
6,124,434 |
| Benefits and Payroll Taxes |
2,071,216 |
| Total Labor-Related Expenses |
8,195,650 |
| NON-LABOR OPERATING EXPENSES: |
| Legal |
246,700 |
| Public and Bar Services |
1,232,705 |
| Operations and Public Policy |
2,549,680 |
| Total Non-Labor Operating Expenses |
4,029,085 |
| Total Operating Expenses |
12,224,735 |
| Total Operating Income |
375,220 |
| NON-OPERATING REVENUE (EXPENSES) |
| Investment Income |
518,000 |
| BUDGETED INCREASE/(DECREASE) IN NET POSITION |
$893,220 |