Colorado Bar Association Financial Reports
| Publication year | 1985 |
| Pages | 1951 |
1985, November, Pg. 1951. Colorado Bar Association Financial Reports
We have examined the balance sheets of the Colorado Bar Association (a Colorado corporation, not for profit) at June 30, 1985 and 1984 and the related statements of support, revenues and expenses, statements of changes in membership equity and statements of changes in financial position for the years then ended. Our examinations were made in accordance with generally accepted auditing standards and accordingly included such tests of the accounting records and such other auditing procedures as we considered necessary in the circumstances.
In our opinion the aforementioned financial statements present fairly the financial position of the Colorado Bar Association at June 30, 1985 and 1984 and the results of its operations, changes in membership equity and changes in financial position for the years then ended in conformity with generally accepted accounting principles applied on a consistent basis after restatement for the change, with which we concur, in accounting for vacation pay.
Garrels, Snyder & Schneberger, P.C.
Certified Public Accountants
Assets19851984
Current assets:
Cash$381,615$334,398
Certificates of deposit333,600315,000
Accounts receivable13,2906,453
Accrued interest receivable 6182,832
Prepaid expenses17,0037,805
Due from Northwest Legal Services Project1,489405
Total current assets747.615666,893
Furniture, equipment and leasehold improvements:
Office furniture and equipment55,92035,750
Leasehold improvements3,46020,122
Computer programming4,080-
63,46055,872
Less accumulated depreciation and amortization27,89232,378
35,56823,49
Custodial funds held for retirement benefits66,50165,871
Restricted for Northwest Legal Services Project6,2428,685
Deposits2,7194,959
75,46279.515
$858,645$769,902
Liabilities and Membership Equity19851984
Accounts payable$ 80,328$ 16,817
Due to Denver Bar Association66,5108,034
Due to Local Bar Associations56,92556,695
Current obligations under capital leases-1,238
Accrued compensation4,955-
Income taxes payable12,2654,221
Deferred revenue195,039232,521
Deferred rental inducement fee2,373-
Total current liabilities418,395319,526
Noncurrent obligations:
Deferred rental inducement fee7,515-
Funds held for Prepaid Legal Services of Colorado, Inc.2,4982,643
Funds held for Denver Trust Officers Association5,6955,695
Accrued retirement benefits66,50165,871
82,20974,209
Commitments (Note 5 below)
Appropriated for Lawyers' Fidelity Fund36,24323,894
Restricted for Sections54,24348,960
Restricted for special projects13,2878,685
Unappropriated254,268294,628
358,041376,167
858,645$769,902
19851984
Membership and Section dues$652,686$590,912
Special projects97,18175,923
Pro Bono revenue7,3166,434
Sale of mailing lists17,72714,131
Interest73,42264,914
Rents1,400-
Convention income76,52885,050
Other8,35114,557
934,6118...
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