Howard - The budgets up to 2013 broke down legal expenses into two categories: salaries and wages (the retainer) and other expenses (the billable hours.) Beginning with the 2013 budget, there is only one category under Legal expenses and costs, "other expenses," which combines the two. Why was this change made? Maplewood uses the two categories, salaries and wages for the retainer, and other expenses for the billable hours.
Thanks. I appreciate your contributions to this forum.
Pension reform eliminated counsel expense being paid as wage & salary. Currently the retainer is $5K/month. The legal expense includes a number of legal professional services.
So we pay them $60k per year, yet they billed over $250,000 in 2014? Wowsers.
Cramer:
There are special cases where legal professional expenses are charged to different accounts - i.e. development escrow accounts and included as part of the bond issue financing. Barry typically discusses large variances in his budget narrative and highlights those items in his spreadsheet.
Cramer:
There are special cases where legal professional expenses are charged to different accounts - i.e. development escrow accounts and included as part of the bond issue financing. Barry typically discusses large variances in his budget narrative and highlights those items in his spreadsheet.
levisonhw said:
In most cases we do. There are other issues such as signatures. Currently e-signature is not an accepted technically something that we are trying to change. Some original documents are in paper which are scanned using OCR and stored in a TIFF format - this should make them searchable.
None of these examples are relevant for the resolution raised by @Transparent, which was a standard in-house created document that should have been created electronically and made searchable.
http://southorange.no-ip.org/weblink8/0/doc/133626/Page1.aspx
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In most cases we do. There are other issues such as signatures. Currently e-signature is not an accepted technically something that we are trying to change. Some original documents are in paper which are scanned using OCR and stored in a TIFF format - this should make them searchable.
We are also discussing assigning meta data to documents.