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MONEY, MINUTES AND THE OREGON STATE BAR

Dennis Rawlinson and Al Menache were the Oregon State Bar Presidents that bought you a brand new Bar building for $20 million dollars in toney Tigard.  The shabby shack in Lake Oswego with 10 unused offices was no longer good enough for Oregon lawyers.  Think of the timing of buying this expensive new building at the top of the real estate market!   But, more importantly, remember that they both promised you in writing that your dues would not go up as a result of their profligacy.  (BOG minutes 11/18/05, Presidents Report 2007) Now take a look at the minutes from the last Oregon State Bar Board of Governors meeting of April 3, 2009:

"B. Budget Report
The poor performance of the stock market has caused the PLF to loose (sic) a significant amount of its invested funds but this has not affected the day-to-day operations. There may be a need to raise the PLF premium in 2010 or 2011 by $200 to $400. The PLF recognizes that the bar will also need to raise dues in the next year or two and the two boards will do what they can to minimize the financial burden on members.

Budget Strategies
Mr. Greene informed board that the OSB is short of the aspirational reserve balance. He also emphasized the importance of the board being conscious of the bar's operating costs and continue to seek a profit from the CLE Seminars and Legal Publications Departments. " 

While you are pondering the meaning of all this, remember that the Oregon State Bar is the only public corporation in the universe without either a Treasurer as a fiduciary of your money nor a Secretary to ensure the accuracy of the Board of Governor's minutes or that there even are minutes!

 

Posted on Monday, April 27, 2009 at 03:13PM by Registered CommenterLAUREN PAULSON | CommentsPost a Comment

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