State Bar Fiscal 2001 Financial Results at a Glance
...
Here's a look at the State Bar's audited financial
picture for FY 01, July 1, 2000 - June 30, 2001.
Member Education & Information |
3,882,661 |
Member Education & Information |
3,961,943 |
Member Benefits & Services |
453,570 |
Member Benefits & Services |
749,538 |
Public Education |
148,853 |
Public Education |
584,759 |
Public Services |
19,676 |
Public Services |
173,392 |
Legal Profession |
10,400 |
Legal Profession |
83,466 |
Presidential Initiatives |
11,665 |
Presidential Initiatives |
143,407 |
Affiliates |
23,478 |
Affiliates |
23,478 |
Sections* |
152,853 |
Sections* |
128,156 |
Divisions |
16,344 |
Divisions |
202,741 |
Bar Operations |
3,822,666 |
Bar Operations |
2,289,014 |
Total Revenues:
|
8,542,166
|
Total Expenses:
|
8,339,894
|
*The Section figures apply to the General Fund only and do not
include activities of the 25 sections themselves.
Excess of Revenues over Expenses: 202,272
General Fund Reserves, 6/30/00: 5,066,871
General Fund Reserves, 6/30/01 5,269,143
Statement of Financial Position at June 30, 2001
ASSETS
Cash and cash equivalents |
1,077,330 |
|
Short-term investments |
21,089 |
|
Accounts receivable |
152,603 |
|
Campaign pledges receivable |
168,701 |
|
Inventories |
247,545 |
|
Prepaid expenses |
129,490 |
|
Affiliates |
23,478 |
|
Sections* |
152,853 |
|
Divisions |
16,344 |
|
Bar Operations |
3,822,666 |
|
|
|
1,796,758
|
Campaign Pledges Receivable |
|
40,767
|
Long-term Investments |
|
1,274,972
|
Building and improvements |
3,739,958 |
|
Furniture and equipment |
2,291,885 |
|
|
6,031,843 |
|
Less: accumulated depreciation |
(1,643,558) |
|
|
|
4,388,285
|
Land |
|
724,934
|
Software implementation in progress |
|
273,496
|
TOTAL ASSETS |
|
8,499,212
|
|
|
|
LIABILITIES AND FUND BALANCES
Note payable |
0 |
|
Advance dues, fees and other |
1,546,550 |
|
Due to Boards of Attorneys Professional
Responsibility and Bar Examiners |
749,559 |
|
Due to Clients' Security Fund |
155,363 |
|
Accounts payable |
168,983 |
|
Accrued liabilities |
364,481 |
|
|
|
2,984,936
|
Unrestricted fund balance - General Fund |
4,269,143 |
|
Unrestricted fund balance - Sections Fund |
245,133 |
|
Strategic Reserve |
1,000,000 |
|
Total fund balances: |
|
5,514,276
|
|
|
|
TOTAL LIABILITIES AND FUND BALANCES
|
|
8,499,212
|
|
|
|
Wisconsin Lawyer