Wisconsin Lawyer: Fiscal 2007 Financial Results at a Glance:

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    Fiscal 2007 Financial Results at a Glance

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    Wisconsin Lawyer Wisconsin Lawyer

    Vol. 80, No. 11, November 2007

    Fiscal 2007 Financial Results at a Glance ...

     

     

    Revenues:     Expenses:  
    Education and Information
    4,412,751
      Education and Information
    3,322.527
    Communications
    550,738
      Communications
    1,310,343
    Member & Public Services
    511,523
      Member & Public Services
    1,412,964
    Public Affairs
    30
      Public Affairs
    496,002
    Affiliates
    325,164
      Affiliates
    232,108
    Governance
    0
      Governance
    285,363
    Internal Operations
    5,019,243
      Internal Operations
    2,496,888
    Sections
    265,454
      Sections
    242,613
    Divisions
    27,645
      Divisions
    197,531
    Committees
    0
      Committees
    439,640
    Total Revenues
    11.112.549
      Total Expenses
    10,435,979
             
          Excess of Revenues over Expenses:
    676,569
          Total Fund Balances, 6/30/06:
    7,390,065
          Total Fund Balances 6/30/07:
    8,066,634

    Fiscal 2007 Revenues

     

    Revenues

     

    Statement of Financial Position at June 30, 2007

    ASSETS    
    Current Assets    
    Cash and Cash Equivalents
    5,158,918
     
    Certificates of Deposit
    1,782,000
     
    Accounts Receivable
    455,717
     
    Inventories
    370-182
     
    Prepaid Expenses and Supplies
    254,502
     
    Total Current Assets  
    8,021,319
    Sections
    265,454
     
    Divisions
    27,645
     
    Committees
    0
     
    Total Revenues
    11.112.549
     
    Invesstments  
    2,895,596
         
    Land
    724,934
     
         
    Building and Improvements
    3,942,545
     
    Furniture and Equipment
    3,008,240
     
     
    7,675,719
     
    Less: Accumulated Depreciation
    (3,326,436)
     
    Total Property and Equipment, net  
    4,349,283
    TOTAL ASSETS  
    15,266,198

     

    LIABILITIES AND
    NET ASSETS
       
    Liabilities    
    Membership Fees and Dues in Advance 2,981,710  
    Revenue in Advance
    356,861
     
    Due to Office of Lawyer Regulation
    and Board of Bar Examiners
    1,921,509  
    Due to Wisconsin Lawyers’ Fund for Client Protection 518,966  
    Due to Wisconsin Trust Account Foundation 569,322  
    Accounts Payable 275,600  
    Accrued Liabilities 477,906  
    Other 97,690  
    Total Liabilities   7,199,564
         
    Undesignated Net Assets 5,079,684  
    Board Designated Reserv 2,687,320  
    Sections 242,739  
    Temporarily Restricted Net assets
    56,891
     
    Total Net Assets   8,066,634
         
    TOTAL LIABILITIES AND NET ASSETS   15,266,198

     

     




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