Page 168 - 2020OrientationBOG

LOUISIANA STATE BAR ASSOCIATION
UNRESTRICTED FUNDS
Balance Sheet
Fiscal Year 2019-2020
March 31, 2020
ASSETS
Cash $ 1,773,619.74
Investments 1 7,002,437.81
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 2 162,596.73
Prepaid Expenses 3 37,433.73
Change in Market Value of Investments 1,133,639.85

TOTAL ASSETS $ 12,178,089.37

LIABILITIES & NET ASSETS
Liabilities 4 $ 515,801.00
Net assets as of 11/30/2019 5 10,270,082.94
Increase in net assets 1,392,205.43
11,662,288.37
TOTAL LIABILITIES & NET ASSETS $ 12,178,089.37

1
Investments:
Charles Schwab - Investment Account $ 6,991,492.64
Charles Schwab - Operating Account 10,945.17
2
Receivables:
Employee Dependent Insurance $ 4,175.38
Annual Meeting 314.47
Louisiana Board of Legal Specialization 43,584.41
Louisiana Center for Law & Civic Education 32,306.31
Louisiana Civil Justice Center 53,153.43
Judges & Lawyers Assistance Program 2,599.50
YLD IOLTA GRANT FUND 6,904.74
Accrued Interest 18,865.70
Miscellaneous 692.79

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 16,393.69
4
Liabilities:
Accounts Payable 140.00
Accrued Vacation Payable 282,048.96
Section Dues Payable 1,977.50
Deferred Income - Section Dues 31,302.50
Deferred Income 6,614.50
Payable - FUNDING LCLCE 63,000.00
Payable - TIP Mentoring Program (3.33)
Payable - Employer 401K Contribution 126,060.00
Payable - Annual Meeting YLD Initiative 4,180.87
Online Donations - ATJ, JLAP, LBF, LCLCE 480.00
Online Seminar Income - Sections

5
Net assets as of 11/30/2019:
Cash Surplus $ 8,978,336.36
Capital Reserve 918,154.68
Bar Center Building & Property less depreciation 333,007.95
Furniture & Equipment less depreciation 40,583.95