Bar Financials Wisconsin Lawyer
Vol. 78, No. 12, December
2005
Fiscal 2005 Financial Results at a Glance
| Revenues: |
|
|
Expenses: |
|
| Education and Information |
3,914,995 |
|
Education and Information |
3,051,681 |
|
Communications
|
529,464 |
|
Communication |
1,495,132 |
|
Member & Public Services
|
523,710 |
|
Member & Public Services |
1,232,694 |
|
Public Affairs
|
5,320 |
|
Public Affairs |
444,137 |
|
Affiliates
|
356,005 |
|
Affiliates |
264,200 |
|
Governance
|
0 |
|
Governance |
318,297 |
|
Finance & Administration
|
4,477,193 |
|
Finance & Administration |
1,920,002 |
| Sections |
227,652 |
|
Sections |
206,405 |
| Divisions |
21,271 |
|
Divisions |
159,586 |
| Committees |
750 |
|
Committees |
382,049 |
| Total Revenues: |
10,056,360 |
|
Total Expenses |
9,474,183 |
| |
|
|
|
|
| |
|
|
Excess of Revenues over Expenses: |
582,177 |
| |
|
|
Total Fund Balances, 6/30/04: |
6,375,185 |
| |
|
|
Total Fund Balances, 6/30/05: |
6,957,362 |
Fiscal 2005 Revenues
Statement of Financial Position at June 30,
2005
| ASSETS |
|
|
|
Cash and cash equivalents
|
4,248,179 |
|
|
Certificates of deposit
|
2,185,707 |
|
|
Accounts receivable
|
316,651 |
|
|
Inventories
|
296,145 |
|
|
Prepaid expenses
|
171,840 |
|
|
Total current assets:
|
|
7,218,522 |
|
Long-term investments
|
|
1,532,417 |
|
Land
|
724,934 |
|
|
Building and improvements
|
3,806,564 |
|
|
Furniture and equipment
|
2,792,817 |
|
| |
7,324,315
|
|
|
Less: accumulated depreciation
|
(2,534,477) |
|
|
Total land, building and equipment
|
|
4,789,838 |
| |
|
|
|
TOTAL ASSETS
|
|
13,540,777 |
|
LIABILITIES AND FUND BALANCES
|
|
|
|
Membership fees and dues in advance
|
2,751,679 |
|
|
Revenue in advance
|
425,037 |
|
|
Due to Boards of Attorneys Professional
Responsibility and Bar Examiners
|
1,669,657 |
|
|
Due to Wisconsin Lawyers' Fund
for Client Protection
|
519,767 |
|
|
Due to Wisconsin Trust Account Foundation
|
542,640 |
|
|
Accounts payable
|
164,525 |
|
|
Accrued liabilities
|
448,845 |
|
| Other |
61,265 |
|
| Total liabilities: |
|
6,583,415 |
|
Unrestricted fund balance - General Fund
|
4,743,782 |
|
Unrestricted fund balance -
Board Designated Reserve |
1,950,251 |
|
| Unrestricted fund balance - Sections Fund |
217,273 |
|
| Temporarily restricted net assets |
46,056 |
|
| Total fund balances: |
|
6,957,362 |
|
TOTAL LIABILITIES AND FUND BALANCES
|
|
13,540,777 |
Wisconsin
Lawyer
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