Here's a look at the State Bar's audited financial picture for FY 02, July 1, 2001 - June 30, 2002.
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
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:
|
|
|
|
|
|
|
|
TOTAL LIABILITIES AND FUND BALANCES
|
|
7,760,014
|
| |
|
|
Wisconsin
Lawyer
