The LSMS Budget and Finance Committee met on Tuesday, December 8, 2020, and reviewed the LSMS financial statements, audit report, investment portfolio, member dues, budget proposals and other pertinent financial information and respectfully submits the following three recommendations for fiscal year 2021. Recommendation 1 The LSMS Budget and Finance Committee recommends the FY2021 budget be approved with estimated revenues of $1,500,000 and projected expenses of $1,499,370 which yields a net income of $630. Recommendation 2 The LSMS Budget and Finance Committee recommends annual dues for FY2021 remain unchanged at:
$400 Active and Academic $200 Service and Part-time $100 Affiliate $80 Retired Licensed $35 Residents and Fellows $0 Medical Students and Emeritus.
Additionally, dues for first and second year in practice members will be 50% and 75% of full Active Member dues. Recommendation 3 The LSMS Budget and Finance Committee recommends the 2021 non-deductible portion of dues related to lobbying activities will be 50%.
Respectfully Submitted, Amberly Nunez, M.D. Chair
Members: James Christopher, MD; Greg Sossaman, MD; Allen Vander, MD; Mark Williams, MD; David Broussard, MD (ex-officio); and Richard Paddock, MD (ex-officio)
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