AGENDA FOR A REGULARBOARD MEETING

Date: Tuesday, March 8, 2016Time:11:00 am

Place: Louisiana Municipal Association, 700 North 10th Street, Baton Rouge, LA 70802

I.CALL TO ORDER- T. Steinkamp ROLL CALL- S. Edmonds

II.PUBLIC COMMENT on today’s agenda and hearing items (5 minutes per person)

III.APPROVAL OF MINUTES from January 12, 2016

IV.BUSINESS

1. Attorney Report/Investigative Report- A. Dow, L. Bankston

This may be handled in executive sessionPursuant to LA RS 42:17 A (1), LA RS 42:17 A (4),and/or LA RS 42:17 A (10)

2. Request from last meeting to expand public comment time

3. Review of Tested Auctioneer Applicants:

1. Murray Conque

2. Aaron Neely

4. Review of Apprentice Auctioneer Applicant:

1. George Barmore supervised by Jerry Womack

5. Review of Auction Business Applicant:

1. Rockin’ I Farms, LLC

2. Koonce Market & Poultry Auction, LLC

dba D&D Market and Poultry Auction (change in ownership and dba)

3. MRI Auctions, Inc.

6. Review of Reciprocal Auctioneer Applicant:

1. Frank Sughrue

2. Rick Kigar

3. Jason Alpert

7. Review of Reinstatement Auctioneer Applicant:

1. Calvin Bowman

8. Review of Auctioneer School application:

1. Florida Auction Academy

2. Southeastern School of Auctioneering

9. Approval of financials

10. Continuing Education statute revision update

11. Review lease extension for 5 years

V.NEXT MEETING DATE – May 10, 2016

VII.Adjourn

Pending Litigation

Robert Burns vs. Dow

Docket #603248

Jul 1, '15 - Mar 4, 16 / Budget / $ Over Budget / % of Budget
Income
Auctioneer Fees / 96,987.50 / 105,000.00 / -8,012.50 / 92.37%
Other Fees
CC Processing Fee / 192.56 / 300.00 / -107.44 / 64.19%
Other Fees - Other / 50.00 / 0.00 / 50.00 / 100.0%
Total Other Fees / 242.56 / 300.00 / -57.44 / 80.85%
Interest Income-Checking / 195.93 / 0.00 / 195.93 / 100.0%
Interest Income-Recovery / 170.38 / 0.00 / 170.38 / 100.0%
Total Income / 97,596.37 / 105,300.00 / -7,703.63 / 92.68%
Expense
Payroll Expenses
Salaries / 17,641.80 / 25,480.00 / -7,838.20 / 69.24%
Payroll Tax Expense
Medicare Tax Expense / 255.81 / 350.00 / -94.19 / 73.09%
FICA Tax / 1,093.79 / 1,500.00 / -406.21 / 72.92%
Total Payroll Tax Expense / 1,349.60 / 1,850.00 / -500.40 / 72.95%
Total Payroll Expenses / 18,991.40 / 27,330.00 / -8,338.60 / 69.49%
Operating Expenses
Travel
In State
I.S. Travel & Lodging / 265.09 / 0.00 / 265.09 / 100.0%
Mileage Reimbursement / 1,823.28 / 5,000.00 / -3,176.72 / 36.47%
In State - Other / -218.50 / 0.00 / -218.50 / 100.0%
Total In State / 1,869.87 / 5,000.00 / -3,130.13 / 37.4%
Out of State
Conf/Convent Exp / 170.00 / 1,000.00 / -830.00 / 17.0%
O.S. Travel & Lodging / 416.56 / 1,800.00 / -1,383.44 / 23.14%
O.S. Meals / 196.00 / 400.00 / -204.00 / 49.0%
Total Out of State / 782.56 / 3,200.00 / -2,417.44 / 24.46%
Total Travel / 2,652.43 / 8,200.00 / -5,547.57 / 32.35%
Operating Services
Miscellaneous / 220.00 / 1,000.00 / -780.00 / 22.0%
Bank Service Charges
Credit Card Fees / 37.73 / 400.00 / -362.27 / 9.43%
Bank Service Charges - Other / 252.78 / 300.00 / -47.22 / 84.26%
Total Bank Service Charges / 290.51 / 700.00 / -409.49 / 41.5%
Postage and Delivery / 2,062.98 / 2,000.00 / 62.98 / 103.15%
Dues/Subscriptions / 300.00 / 600.00 / -300.00 / 50.0%
Insurance-General / 1,512.00 / 1,600.00 / -88.00 / 94.5%
Internet / 283.50 / 380.00 / -96.50 / 74.61%
Maintenance & Repairs / 0.00 / 800.00 / -800.00 / 0.0%
Rent / 5,940.00 / 7,920.00 / -1,980.00 / 75.0%
Telephone / 1,248.47 / 2,000.00 / -751.53 / 62.42%
Total Operating Services / 11,857.46 / 17,000.00 / -5,142.54 / 69.75%
Supplies
Board meeting expense / 411.51 / 800.00 / -388.49 / 51.44%
Office Supplies / 1,399.53 / 2,000.00 / -600.47 / 69.98%
Total Supplies / 1,811.04 / 2,800.00 / -988.96 / 64.68%
Total Operating Expenses / 16,320.93 / 28,000.00 / -11,679.07 / 58.29%
Professional Services
Accounting / 1,350.00 / 1,500.00 / -150.00 / 90.0%
Legal Fees / 24,447.26 / 48,300.00 / -23,852.74 / 50.62%
Other / 2,444.00 / 7,500.00 / -5,056.00 / 32.59%
Total Professional Services / 28,241.26 / 57,300.00 / -29,058.74 / 49.29%
Total Expense / 63,553.59 / 112,630.00 / -49,076.41 / 56.43%
Net Income / 34,042.78 / -7,330.00 / 41,372.78 / -464.43%
Mar 4, 16
ASSETS
Current Assets
Checking/Savings / 277,397.76
Total Current Assets / 277,397.76
TOTAL ASSETS / 277,397.76
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities / 2,734.78
Total Current Liabilities / 2,734.78
Long Term Liabilities / 1,244.50
Total Liabilities / 3,979.28
Equity / 273,418.48
TOTAL LIABILITIES & EQUITY / 277,397.76