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    Wisconsin Lawyer
    November 29, 2006

    FY06 State Bar Annual Report: Financial Results

    Wisconsin LawyerWisconsin Lawyer
    Vol. 79, No. 12, December 2006

    Fiscal 2006 Financial Results at a Glance ...

    Fiscal 2006 Revenues

    Revenues    

    Expenses

     
    Education and information 538,498   Education and information 2,979,767
    Communications 538,498   Communications 1,263,603
    Member & Public Services 500,032   Member & Public Services 1,286,637
    Public Affairs 5   Public Affairs 400,735
    Affiliates 401,272   Affiliates

    317,021

    Governance 0   Governance

    233,627

    Finance and Administration 4,761,534   Internal Operations 2,329,263
    Sections 231,384   Sections 228,759
    Divisions 34,430   Divisions 193,364
    Committees 1,600   Committees 486,161
    Total Revenues: 10,151,640   Total Expenses 9,718,937
          Excess of Revenues over Expenses 432,703
          Total Fund Balances, 6/30/05: 6,957,362
          Total Fund Balances, 6/30/06: 7,390,065

    revenues   2006

     

    Statement of Financial Position at June 30, 2006

    Assets    
    Cash and cash equivalents 4,398,599  
    Certificates of deposit 891,000  
    Accounts receivable 374,158  
    Inventories 363,329  
    Prepaid expenses 145,567  
    Total current assets   6,172,653
         
    Long-term imvestments   2,375,018
         
    Land 724,934  
    Building and improvements 3,908,503  
    Furniture and equipment 2,897,867  
      7,531,304  
    Less: accumulated depreciation (2,936,349)  
        4,594,955
    Total Assets   13,142,626
         
    Liabilities and Fund Balances    
    Liabilities:    
    Membership fees and dues in advance 2,383,729  
    Revenue in advance 410,507  
    Due to Boards of Attorneys Professional    
    Responsibility and Bar Examiners
    1,405,099  
    Due to Wisconsin Lawyers' Fund for Client Protection 357,556  
    Due to Wisconsin Trust Account Foundation 457,280  
    Accounts payable 164,783  
    Accrued liabilities 479,283  
    Other 94,324  

    Total liabilities:

      5,752,561
         
    Unrestricted fund balance - General Fund 4,891,703  
    Unrestricted fund balance - Board Designated Reserve 2,224,051  
    Unrestricted fund balance - Sections Fund 219,898  
    Temporarily restricted net assets 54,413  

    Total fund balances:

      7,390,065
         
    Total Liabilities and Fund Balances   13,142,626

    Dues Allocation

    dues   allocation

     


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