BOARD MEETING AGENDA

Date: Monday, November 6, 2017 Time: 11:00 am

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

I.  CALL TO ORDER- J. Warren ROLL CALL- S. Edmonds

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

III.  APPROVAL OF MINUTES from September 11, 2017

IV.  BUSINESS

1. Attorney Report/Investigative Report- A. Dow

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

2. Tested Auctioneer Applicants:

1. Doug Ensinger (effective immediately)

2. John Gore (effective immediately)

3. Edward Heaston (completed apprenticeship under Nick Hardy) (requesting 01/01/18)

3. Reinstated Auctioneer Applicant:

1. David Scheuermann, Jr. (previously licensed 2007-2014) (requesting 01/01/18)

2. Wendell Guillot (previously licensed 2009-2010) (requesting 01/1/18)

4. Reciprocal Auctioneer Applicant:

1. Brett Richards (temp license granted 10/24/17) (effective immediately)

5. Auction Business Applicant:

1. Allums Auction House, LLC (effective immediately)

2. G&G Auctions, LLC (requesting 01/1/18)

6. Approval of Financials

7. Set Board meeting dates for 2018:

Proposed dates: January 22, March 5, May 7, July 9, Sept 10, Nov 5

V.  NEXT MEETING DATE –TBD

VI.  Hearing Docket

1.  Rex Lasyone

VII.  Adjourn

Pending Litigation

Robert Burns vs. Dow

Jul 1 - Nov 6, 17 / Budget / $ Over Budget / % of Budget
Income
Enforcement Actions / 50.00 / 0.00 / 50.00 / 100.0%
Auctioneer Fees / 37,550.00 / 102,000.00 / -64,450.00 / 36.81%
Other Fees
CC Processing Fee / 165.00 / 500.00 / -335.00 / 33.0%
Other Fees - Other / 25.00 / 0.00 / 25.00 / 100.0%
Total Other Fees / 190.00 / 500.00 / -310.00 / 38.0%
Interest Income-Checking / 565.62 / 0.00 / 565.62 / 100.0%
Interest Income-Recovery / 365.97 / 0.00 / 365.97 / 100.0%
Total Income / 38,721.59 / 102,500.00 / -63,778.41 / 37.78%
Expense
Payroll Expenses
Salaries / 8,820.90 / 25,480.00 / -16,659.10 / 34.62%
Payroll Tax Expense
Medicare Tax Expense / 127.90 / 400.00 / -272.10 / 31.98%
FICA Tax / 546.90 / 1,600.00 / -1,053.10 / 34.18%
Total Payroll Tax Expense / 674.80 / 2,000.00 / -1,325.20 / 33.74%
Total Payroll Expenses / 9,495.70 / 27,480.00 / -17,984.30 / 34.56%
Per Diem-Board / 2,134.00 / 5,000.00 / -2,866.00 / 42.68%
Operating Expenses
Travel
In State
Mileage Reimbursement / 1,722.52 / 4,500.00 / -2,777.48 / 38.28%
In State - Other / 0.00 / 100.00 / -100.00 / 0.0%
Total In State / 1,722.52 / 4,600.00 / -2,877.48 / 37.45%
Out of State
Conf/Convent Exp / 198.00 / 1,100.00 / -902.00 / 18.0%
O.S. Travel & Lodging / 1,440.73 / 2,500.00 / -1,059.27 / 57.63%
O.S. Meals / 226.00 / 500.00 / -274.00 / 45.2%
Total Out of State / 1,864.73 / 4,100.00 / -2,235.27 / 45.48%
Total Travel / 3,587.25 / 8,700.00 / -5,112.75 / 41.23%
Operating Services
Miscellaneous / 100.75 / 800.00 / -699.25 / 12.59%
Bank Service Charges
Credit Card Fees / 22.32 / 1,500.00 / -1,477.68 / 1.49%
Bank Service Charges - Other / 135.78 / 500.00 / -364.22 / 27.16%
Total Bank Service Charges / 158.10 / 2,000.00 / -1,841.90 / 7.91%
Postage and Delivery / 1,369.11 / 2,000.00 / -630.89 / 68.46%
Dues/Subscriptions / 149.95 / 600.00 / -450.05 / 24.99%
Insurance-General / 437.00 / 2,200.00 / -1,763.00 / 19.86%
Internet / 157.50 / 380.00 / -222.50 / 41.45%
Maintenance & Repairs / 0.00 / 800.00 / -800.00 / 0.0%
Rent / 3,300.00 / 7,920.00 / -4,620.00 / 41.67%
Telephone / 782.37 / 1,800.00 / -1,017.63 / 43.47%
Total Operating Services / 6,454.78 / 18,500.00 / -12,045.22 / 34.89%
Supplies
Board meeting expense / 204.31 / 800.00 / -595.69 / 25.54%
Office Supplies / 1,372.38 / 2,000.00 / -627.62 / 68.62%
Total Supplies / 1,576.69 / 2,800.00 / -1,223.31 / 56.31%
Total Operating Expenses / 11,618.72 / 30,000.00 / -18,381.28 / 38.73%
Professional Services
Accounting / 1,250.00 / 1,800.00 / -550.00 / 69.44%
Legal Fees / 4,486.04 / 64,000.00 / -59,513.96 / 7.01%
Other / 1,118.00 / 6,220.00 / -5,102.00 / 17.97%
Total Professional Services / 6,854.04 / 72,020.00 / -65,165.96 / 9.52%
Total Expense / 30,102.46 / 134,500.00 / -104,397.54 / 22.38%
Net Income / 8,619.13 / -32,000.00 / 40,619.13 / -26.94%
/ Nov 2, 17
ASSETS
Current Assets
Checking/Savings / 304,550.86
Total Current Assets / 304,550.86
TOTAL ASSETS / 304,550.86
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Other Current Liabilities / 1,776.21
Total Current Liabilities / 1,776.21
Long Term Liabilities / 1,244.50
Total Liabilities / 3,020.71
Equity / 301,530.15
TOTAL LIABILITIES & EQUITY / 304,550.86