DRAFT AGENDA
Executive Committee                                                         
Los Angeles Airport Hilton Hotel
September 13, 2012

Presiding:  President LeFrancis Arnold

I.    CALL TO ORDER

II.   WELCOME AND INTRODUCTIONS
        --Executive Committee Members
        --Regional Chairs
        --Committee Liaisons
        --SPF Committee Leadership
        --Staff
        --Special Guests

III.  OPENING REMARKS                                                                         LeFrancis Arnold

IV.   REVIEW OF STRATEGIC PLAN AND BUDGET PROPOSAL    
        A.  Overview Presentation                                                                 Joel Singer
        B.  Discussion of Key Issues and Program Augmentations               Chris Kutzkey
        C.  Action on SPF Committee Recommendations

2013 Budget Action Items

1. To approve a 2013-2015 strategic plan and 2013 budget with the following criteria:
     a. C.A.R. Operating Revenue $26,853,500
         C.A.R. Operating Cost $28,943,200
         Net Deficit (After Investment Income) $2,089,700
     b. Issues Action Fund Revenue $1,469,900
         Issues Action Fund Program Cost $838,000
         Issues Action Fund Transfer to IMPAC $631,900
     c. Political Activities Fund Revenue $1,469,900
         Political Activities Fund Program Cost $1,243,600
         Political Activities Fund Net Balance $226,300
     d. REALTOR® Action Assessment $7,202,400
         REALTOR® Action Assessment Program Cost $1,181,500
         REALTOR® Action Assessment Transfer to Political Action Committee $6,020,900
     e. 127.5 budgeted C.A.R. staff positions
     f. Membership dues, including $115 for operating programs, $10 for the Political Activities Fund,
         $10 for the Issues Action Fund, and $49 for the REALTOR® Action Assessment are set at
         a total of $184 per member (predicated on 2013 year end membership of 155,000)
     g.  New member fee set at $30 per new member
     h. A 2013 Capital Budget (funded with Association reserves) totaling $417,300

2. To approve for members in areas not serviced by local associations an additional $30 
    in membership dues.  This amount would be in excess of the dues approved for
    members coming through the local associations.

2012 Budget Action Items

3. That $285,900 be approved for an additional three percent pension contribution to the
    C.A.R. and REBS employee pension plan for 2012, augmenting the previously
    approved budget of 10 percent. 

4. That an augmentation of $135,000 be added to the 2012 capital budget, which will be funded
    with Association reserves, for the purchase of furniture for the relocated Sacramento office.

5. That an augmentation of $95,800 be added to the 2012 capital budget, which will be funded
    with Association reserves, to upgrade the trends database, and that an additional augmentation
    of $4,500 in operating expense be allocated to the 2012 budget to upgrade the trends database.


V. OTHER ISSUES

VII. ADJOURNMENT

Revised: September 10, 2012