State Bar Fiscal 2001 Financial Results at a Glance ...

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Here's a look at the State Bar's audited financial picture for FY 01, July 1, 2000 - June 30, 2001.

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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

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