Page 165 - 2021bogOrientationManual

LOUISIANA STATE BAR ASSOCIATION
UNRESTRICTED FUNDS
Balance Sheet
Fiscal Year 2020-2021
December 31, 2020
ASSETS
Cash $ 1,011,005.15
Investments 1 9,085,788.89
Construction in Progress 0.00
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 2 184,054.43
Prepaid Expenses 3 21,040.04
Change in Market Value of Investments 3,039,318.17

TOTAL ASSETS $ 15,409,568.19

LIABILITIES & NET ASSETS
Liabilities 4 $ 519,428.70

Net assets as of 07/01/2020 5 11,896,091.81
Increase in net assets 2,994,047.68
14,890,139.49
TOTAL LIABILITIES & NET ASSETS $ 15,409,568.19

1
Investments:
Charles Schwab - Investment Account $ 7,304,123.69
Charles Schwab - Operating Account 1,781,665.20
2
Receivables:
Employee Dependent Insurance $ 13,082.93
Annual Meeting 314.47
COBRA- Medical Dental Vision Insurance (68.78)
Louisiana Board of Legal Specialization 19,156.18
Louisiana Center for Law & Civic Education 20,576.30
Louisiana Civil Justice Center 53,153.43
Judges & Lawyers Assistance Program 30,009.20
Tax Refund 20,660.00
Accrued Interest 24,400.48
Miscellaneous 2,770.22
3
Prepaid Expenses:
Insurance $ 13,442.04
Parking 1,589.00
Internal Standard Book Numbers 220.00
Supplies 5,789.00
Fiscal Year 2020/2021 Expenses 0.00
4
Liabilities:
Accounts Payable 140.00
Accrued Vacation Payable 282,048.96
Section Dues Payable 1,040.00
Deferred Income 2,625.00
Deferred Income - AM Registration 595.00
Deferred Income - Advanced CLE Income 500.00
Payable - FUNDING LCLCE 63,000.00
Payable - Employer 401K Contribution 126,060.00
Payable - Annual Meeting YLD Initiative 4,180.87
Online Donations - ATJ, JLAP, LBF, LCLCE 30,851.00
Online Seminar Income - Sections 8,387.87

5 Net assets as of 7/01/2020:
Cash Surplus $ 10,570,270.79
Capital Reserve 952,229.12
Bar Center Building & Property less depreciation 333,007.95
Furniture & Equipment less depreciation 40,583.95