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    Wisconsin Lawyer
    October 01, 2001

    Wisconsin Lawyer October 2001: State Bar Fiscal 2001 Financial Results at a Glance ...

    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.


    Revenues:

    Expenses:
    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

    Fiscal Year 2001

    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

       

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