Page 215 - BOGManual_2023Orientation

LOUISIANA STATE BAR ASSOCIATION
UNRESTRICTED FUNDS
Balance Sheet
Fiscal Year 2022-2023
December 31, 2022
ASSETS
Cash $ 516,828.38
Investments 1 11,413,705.56
Construction in Progress 0.00
Building Improvements 1,840,218.61
LA Bar Center - Building & Property 1,881,645.98
Less Accumulated Depreciation (2,027,203.03)
Furniture & Equipment 974,027.99
Less Accumulated Depreciation (960,716.04)
Receivables 2 203,352.15
Prepaid Expenses 3 66,307.97
Change in Market Value of Investments 6,349,675.42

TOTAL ASSETS $ 20,257,842.99

LIABILITIES & NET ASSETS
Liabilities 4 $ 1,663,275.09
Net assets as of 07/31/22 5 14,206,053.06
Increase in net assets 4,388,514.84
18,594,567.90
TOTAL LIABILITIES & NET ASSETS $ 20,257,842.99

1
Investments:
Charles Schwab - Investment Account $ 8,220,888.84
Charles Schwab - Operating Account 3,192,816.72
2
Receivables:
Employee Dependent Insurance $ 10,576.06
Louisiana Board of Legal Specialization 76,493.85
Louisiana Center for Law & Civic Education 20,620.09
Louisiana Civil Justice Center 53,153.43
Judges & Lawyers Assistance Program 21,326.70
Accrued Interest 20,023.61
Miscellaneous 1,158.41
3
Prepaid Expenses:
Supplies & Prepaid Accruals 36,085.21
Fiscal Year 2023/2024 Expenses 30,222.76
4 Liabilities:
Accounts Payable 140.00
CC Fees Unreconciled (1,502.29)
Accrued Vacation Payable 390,406.96
Section Dues Payable 1,765.00
Deferred Income - Section Dues 0.00
Deferred Income 1,388.00
Payable - FUNDING LCLCE 63,000.00
Deferred Income - Annual Dues 0.00
Deferred Income - Ethics Friday 0.00
Deferred Advanced CLE Income 0.00
Payable - Employer 401K Contribution 150,533.00
Payable - Health Rebate 0.00
MLCE JLAP Funding 16,969.71
CADA Conference 694.82
LSBA Fund JLAP LASC Contribution* 387,717.82
LSBA New Attorney Initiative LASC* 626,520.98
Online Donations - ATJ, JLAP, LBF, LCLCE 6,444.00
Online Seminar Income - Sections 19,197.09

5
Net assets as of 07/01/2022:
Cash Surplus $ 11,484,878.38
Capital Reserve 1,013,201.17
Bar Center Building & Property less depreciation 1,694,661.56
Furniture & Equipment less depreciation 13,311.95