Page 225 - 2019 Orientation Manual

LOUISIANA STATE BAR ASSOCIATION
UNRESTRICTED FUNDS
Balance Sheet
Fiscal Year 2018-2019
December 31, 2018

ASSETS
Cash $ 578,239.39
Investments 1 7,628,548.74
Building Improvements 1,694,769.61
LA Bar Center - Building & Property 1,881,645.98
Less Accumulated Depreciation (1,548,638.03)
Furniture & Equipment 974,027.99
Less Accumulated Depreciation (933,444.04)
Receivables 2 138,956.09
Prepaid Expenses 3 21,540.04
Change in Market Value of Investments 1,305,876.52

TOTAL ASSETS $ 11,741,522.29

LIABILITIES & NET ASSETS
Liabilities 4 $ 516,987.35
Net assets as of 10/31/2018 5 9,581,600.68
Increase in net assets (10/31/2018) 1,642,934.26
11,224,534.94
TOTAL LIABILITIES & NET ASSETS $ 11,741,522.29

1 Investments:
Charles Schwab - Investment Account $ 6,779,179.66
Charles Schwab - Operating Account 849,369.08
2 Receivables:
Employee Dependent Insurance $ 4,153.06
Louisiana Board of Legal Specialization 6,470.78
Louisiana Center for Law & Civic Education 16,650.63
Louisiana Civil Justice Center 48,820.09
Judges & Lawyers Assistance Program 40,164.37
Accrued Interest 21,114.79
Miscellaneous 1,582.37
3 Prepaid Expenses:
Insurance $ 13,442.04
Parking 1,589.00
Internal Standard Book Numbers 220.00
Supplies 5,789.00
Fiscal Year 2018/2019 Expenses 500.00
4 Liabilities:
Accounts Payable 31,500.00
Accrued Vacation Payable 282,048.96
Section Dues Payable 460.00
Payable - FUNDING LCLCE 63,000.00
Payable - TIP Mentoring Program 1,055.72
Payable - Employer 401K Contribution 126,060.00
401K Elective Deferral 129.59
Online Seminar Income - Sections 12,733.08

5
Net assets as of 9/30/2018:
Cash Surplus $ 8,259,903.78
Capital Reserve 948,105.00
Bar Center Building & Property less depreciation 333,007.95
Furniture & Equipment less depreciation 40,583.95