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Lodge 7 Annual Audit
The following nancial information has been derived from the audit of the Chicago Lodge No. 7 (which includes the Legal Defense Fund). The complete audited nancial statements, including the independent auditors’ report, is available and may be viewed by contacting my o ce, 312-773-7776, to schedule an appointment.
FRATERNAL ORDER OF POLICE, CHICAGO LODGE NO. 7 LEGAL DEFENSE FUND
STATEMENTS OF ACTIVITIES
YEARS ENDED DECEMBER 31, 2015 AND 2014
REVENUES AND OTHER SUPPORT
Active membership dues Recovery of legal expenses Interest income
Net realized and unrealized gains
Total revenues and other support
EXPENSES
Allocated legal fees Adjustment to claims reserve Brokerage fees
Total expenses
CHANGE IN NET ASSETS
NET ASSETS, TEMPORARILY RESTRICTED
Beginning of year End of year
$
2015
270,957
84,189 (18,794)
336,352
389,915 370,000 300
760,215 (423,863)
2014
252,337 269,768 86,238 (4,101)
604,242
239,735 390 240,125 364,117
3,124,791 $ 3,488,908
$
3,488,908 $ 3,065,045
CHICAGO LODGE 7 ■ OCTOBER 2016 17