Page 103 - Aug 2019 BOG Book_Neat

Exhibit D
(Continued)

Note 3 - CASH AND CASH EQUIVALENTS

Cash and cash equivalents consist of the following as of June 30, 2018 and 2017:

2017
2018 (As Restated)

Unrestricted cash and
cash equivalents:
LSBA $ 2,563,655 $ 2,782,364

Temporarily restricted cash
and cash equivalents:
LSBA Sections 852,268 1,907,144
LCLCE 171,582 144,422
JLAP 287,103 264,627

1,310,953 2,316,193

Permanently restricted cash
and cash equivalents:
LCLCE 18,653 11,501

Totals $ 3,893,261 $ 5,110,058

Note 4 - CONCENTRATION OF CREDIT RISK

The Association periodically maintains cash and cash equivalents in bank accounts in
excess of insured limits. The Association has not experienced any losses and does not
believe that significant credit risk exists as a result of this practice. As of June 30, 2018,
the Association had cash and cash equivalents of approximately $4 million in excess of
insured limits.

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