Page 154 - 2022BOGmanual

LOUISIANA STATE BAR ASSOCIATION
UNRESTRICTED FUNDS
Balance Sheet
Fiscal Year 2021-2022
December 31, 2021
ASSETS
Cash $ 528,842.90
Investments 1 10,425,144.21
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 2 214,701.00
Prepaid Expenses 3 2,825.33
Change in Market Value of Investments 4,504,905.67

TOTAL ASSETS $ 17,384,392.62

LIABILITIES & NET ASSETS
Liabilities 4 $ 1,763,013.68

Net assets as of 07/01/21 5 12,792,548.51
Increase in net assets 2,828,830.43
15,621,378.94
TOTAL LIABILITIES & NET ASSETS $ 17,384,392.62

1 Investments:
Charles Schwab - Investment Account $ 7,598,476.12
Charles Schwab - Operating Account 2,826,668.09
2
Receivables:
Employee Dependent Insurance $ 8,598.42
Annual Meeting 861.60
Louisiana Board of Legal Specialization 37,644.22
Louisiana Center for Law & Civic Education 26,279.13
Louisiana Civil Justice Center 53,153.43
Judges & Lawyers Assistance Program 29,519.29
Accrued Interest 36,990.69
Miscellaneous 21,654.22
3
Prepaid Expenses:
Supplies 25.33
Fiscal Year 2021/2022 Expenses 2,800.00
4 Liabilities:
Accounts Payable (19.79)
Accrued Vacation Payable 366,538.96
Section Dues Payable 655.00
Deferred Income 26,933.00
Payable - FUNDING LCLCE 63,000.00
Deferred Income - Ethics Friday 1,140.00
Payable - Employer 401K Contribution 142,770.00
Payable - Health Rebate 16,120.78
LSBA Fund JLAP LASC Contribution* 489,882.82
LSBA New Attorney Initiative LASC* 640,732.81
Online Seminar Income - Sections 15,260.10

5
Net assets as of 07/01/2021:
Cash Surplus $ 10,104,372.61
Capital Reserve 980,202.39
Bar Center Building & Property less depreciation 1,694,661.56
Furniture & Equipment less depreciation 13,311.95