Page 216 - 2024 Orientation Manual

LOUISIANA STATE BAR ASSOCIATION
UNRESTRICTED FUNDS
Balance Sheet
Fiscal Year 2023-2024
December 31, 2023
ASSETS
Cash $ 390,925.20
Investments 1 11,608,883.28
Construction in Progress 0.00
Building Improvements 1,840,218.61
LA Bar Center - Building & Property 1,881,645.98
Less Accumulated Depreciation (2,169,434.03)
Furniture & Equipment 650,552.99
Less Accumulated Depreciation (638,904.04)
Receivables 2 196,762.80
Prepaid Expenses 3 70,096.17
Change in Market Value of Investments 3,593,463.58

TOTAL ASSETS $ 17,424,210.54

LIABILITIES & NET ASSETS
Liabilities 4 $ 1,367,738.89
Net assets as of 07/31/22 5 13,874,185.50
Increase in net assets 2,182,286.15
16,056,471.65
TOTAL LIABILITIES & NET ASSETS $ 17,424,210.54

1 Investments:
Charles Schwab - Investment Account $ 8,394,973.56
Charles Schwab - Operating Account 3,213,909.72
2
Receivables:
Employee Dependent Insurance $ 7,734.24
Louisiana Board of Legal Specialization 53,660.07
Louisiana Center for Law & Civic Education 27,269.28
Louisiana Civil Justice Center 53,153.43
Judges & Lawyers Assistance Program 18,999.25
Bar Journal 51.58
Accrued Interest 31,091.17
Miscellaneous 4,803.78
3 Prepaid Expenses:
Supplies & Prepaid Accruals 36,827.98
Fiscal Year 2023/2024 Expenses 33,268.19

4 Liabilities:
Accounts Payable 140.00
Accrued Vacation Payable 358,067.59
Section Dues Payable 2,180.00
Deferred Income 4,546.75
Payable - FUNDING LCLCE 63,000.00
Payable - Employer 401K Contribution (0.03)
MLCE JLAP Funding 7,903.29
CADA Conference 847.55
LSBA Fund JLAP LASC Contribution* 287,717.82
LSBA New Attorney Initiative LASC* 614,147.92
Payable - Annual Meeting YLD Initiative 1,110.90
Online Seminar Income - Sections 28,077.10

5 Net assets as of 07/01/2022:
Cash Surplus $ 11,289,993.73
Capital Reserve 1,020,112.26
Bar Center Building & Property less depreciation 1,552,430.56
Furniture & Equipment less depreciation 11,648.95