Wisconsin Lawyer: State Bar Fiscal 2002 Financial Results at a Glance...:

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Format: MM/DD/YYYY
    October
    01
    2002

    State Bar Fiscal 2002 Financial Results at a Glance...

    Here's a look at the State Bar's audited financial picture for FY 02, July 1, 2001 - June 30, 2002.


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    Wisconsin Lawyer
    Vol. 75, No. 10, October 2002

    State Bar Fiscal 2002 Financial Results at a Glance...

    Here's a look at the State Bar's audited financial picture for FY 02, July 1, 2001 - June 30, 2002.

    Revenues:

    Expenses:

    Education & Information

    3,186,873

    Education & Information

    2,737,114

    Communications

    450,250

    Communications

    1,099,721

    Membership

    512,831

    Membership

    1,021,816

    Government and Public Relations

    5,005

    Government and Public Relations

    389,239

    Affiliates

    256,255

    Affiliates

    215,900

    Governance

    0

    Governance

    238,708

    Finance and Administration

    3,763,621

    Finance and Administration

    1,719,021

    Sections

    190,806

    Sections

    189,050

    Divisions

    8,169

    Divisions

    163,668

    Committees

    1,233

    Committees

    385,470

    Total Revenues:

    8,375,043

    Total Expenses:

    8,159,707

    *The Section figures apply to the General Fund only and do not include activities of the 25 sections themselves.

    Excess of Revenues over Expenses: 215,336

    General Fund Reserves, 6/30/01: 5,514,276

    General Fund Reserves, 6/30/02 5,729,612


    Fiscal 2002 Revenues

    Pie Chart: Fiscal 2002 











Revenues.






 Sections Divisions, Committees 2.4%, Dues 42.0%, Bar 











Operations






 3.0%, Affiliates 3.1% Government and Public Relations 0.1%, 











Membership






 6.1%, Communication 5.4%, Member Education and Information 











38.1%


    Statement of Financial Position at June 30, 2002

    ASSETS

    Cash and cash equivalents

    502,878

     

    Accounts receivable

    253,228

     

    Campaign pledges receivable

    81,346

     

    Inventories

    210,304

     

    Prepaid expenses

    134,418

    _________________

        Total current assets:

    1,796,758

    Long-term Investments

    1,227,631

    Land

    724,934

     

    Building and improvements

    3,765,022

     

    Furniture and equipment

    2,433,839

     

    6,923,795

     

    Less: accumulated depreciation

    (1,573,586)

     

    Total real estate
    and equipment:

     


                            5,350,209

    TOTAL ASSETS

    7,760,014

     

    LIABILITIES AND FUND BALANCES

    Note payable

    716,097

     

    Deferred revenue

    513,144

     

    Due to Boards of Attorneys Professional Responsibility and Bar Examiners

    146,328

     

    Due to Clients' Security Fund

    201,231

     

    Accounts payable

    246,947

     

    Accrued liabilities

    195,294

     

    Other

     11,361

                                          

    Total liabilities:*

    2,030,402

    Unrestricted fund balance - General Fund

    4,154,137

    Unrestricted fund balance - Sections Fund

    246,889

    Strategic Reserve

    1,000,000

    Temporarily Restricted Education Fund

       328,586

    Total fund balances:

    5,729,612

     

    TOTAL LIABILITIES AND FUND BALANCES

    7,760,014

         



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