Wyo. State Bar Fin. Statements

• Year: 2025
• Citation: Vol. 48 No. 1 Pg. 14
• Pages: 14

Wyoming State Bar Financial Statements No. Vol. 48 No. 1 Pg. 14 Wyoming Bar Journal February, 2025

In accordance with Article XIII, Section 3 of the Bylaws of the Wyoming State Bar, published here are the Bar's FY 2023/2024 financial statements. Anyone wishing to see the full audit report including the notes to the financial statements should contact Sharon Wilkinson, Executive Director, at (307) 432-2102 or by email at swilkinson@wyomingbar.org.

WYOMING STATE BAR

BALANCE SHEETS

September 30, 2024 and 2023

2024	2023
ASSETS AND DEFERRED OUTFLOWS OF RESOURCES
Current Assets
Cash and cash equivalents (Note 2)	$1,009,957	$877,042
Accounts receivable, current (Note 9)	14,916	19,550
Inventory	174	226
Prepaid expenses	8,267	10,101
Total current assets	1,033,314	906,919

Noncurrent Assets
Investments (Note 2)	1,735,112	1,418,294
Accounts receivable, noncurrent (Note 9)	-	19,117
Property and equipment, net, and right-of-use assets (Notes 3 and 5)	800,362	840,559
Total noncurrent assets	2,535,474	2,277,970
Total assets	3,568,788	3,184,889

Deferred Outflows of Resources Pension-related outflows (Note 7)	126,778	191,039
Total assets and deferred outflows of resources	$3,695,566	$3,375,928

BALANCE SHEETS

September 30, 2024 and 2023

2024	2023
LIABILITIES, DEFERRED INFLOW'S OF RESOURCES, AND NET POSITION
Current Liabilities
Accounts payable	$119,356	$4,848
Accrued compensated absences (Note 1)	88,580	86,243
Lease liabilities, current (Note 5)	10,488	10,340
Unearned revenue	-	595
Total current liabilities	218,424	102,026

Noncurrent Liabilities
Accrued compensated absences (Note 1)	47,809	56,605
Lease liabilities, noncurrent (Note 5)	19363	29,851
Net pension liability (Note 7)	719,800	818,778
Total noncurrent liabilities	786,972	905.234
Total liabilities	1,005396	1,007,260

Deferred Inflows of Resources Pension-related inflows (Note 7)	29,087	10,960
Total liabilities and deferred inflows of resources	1,034,483	1,018,220

Commitments and Contingencies (Notes 4 and 5)
Nel Position (Note 8)
Net investment in capital assets	770,511	800,368
Restricted, expendable for promotion of pro bono	10,180	3.876
Unrestricted (including Board-committed amounts: 2024 S197.369; 2023 $179,965)	1,880,392	1,553,464
Total net position	2,661,08	32,357,708
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