Wyoming State Barfinancial Statements

• Publication year: 2024
• Citation: Vol. 47 No. 1 Pg. 28
• Pages: 28

Wyoming State BarFinancial Statements Vol. 47 No. 1 Pg. 28 Wyoming Bar Journal February 2024

In accordance with Article XIII, Section 3 of the Bylaws of the Wyoming State Bar, published here are the Bar's FY 2022/2023 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, 2023 and 2022

2023	2022
ASSETS AND DEFERREDOUTFLOWS OF RESOURCES
Current Assets
Cash and cash equivalents (Note 2)	$ 877,042	$ 850,853
Accounts receivable, current (Note 9)	19,550	21,612
Inventory	226	174
Prepaid expenses	10,101	19,760
Total current assets	906,919	892,399
Noncurrent Assets
Investments (Note 2)	1,418,294	1,306,800
Accounts receivable, noncurrent (Note 9)	19,117	24,826
Property and equipment, net, and right-of-use assets (Notes 3 and 5)	840,559	835,517
Total noncurrent assets	2,277,970	2,167,143
Total assets	3,184,889	3,059,542
Deferred Outflows of Resources
Pension-related outflows (Note 7)	191,039	78,150
Total assets and deferred outflows of resources	$ 3,375,928	$ 3,137,692

2023	2022
LIABILITIES, DEFERRED INFLOWS OF RESOURCES, AND NET POSITION
Current liabilities
Accounts payable	$4,848	$ 16,198
Vented compensated absences (Note 1)	86,243	76,226
Lease liabilities, current (Note 5)	10,340	6,519
Unearned revenue	595	25
Total current liabilities	102,026	98.968
Noncurrent Liabilities
Accrued compensated absences (Note 1)	56,605	52.668
Lease Liabilities, noncurrent (Note 5)	29,851	14.627
Net pension liabiity (Note 7)	818,778	412,439
Total noncurrent liabilities	905,234	479.734
Total liabilities	1,007,260	578,702
Deferred Inflows of Resources
Pension-related inflows (Note 7)	10,960	286.695
Total liabilities and deferred inflows of resources	1,018,220	865.397
Commitments and Contingencies (Notes 4 and 5)
Net Position (Note 8)
Net investment in capital assets	800,368	814,371
Restricted, expendable for promotion of pro bono	3,876	10,496
Unrestricted (including Board-committed amounts:
2023 $179,965; 2022 S169.043)	1,553,464	1.447.428
Total net position	2,357,708	2,272.295
Total liabilities, deferred inflows of resources, and net position	$ 3,375,928	$3.137.692

2023	2022
Operating Revenues
General, primarily membership dues	$ 1,330,646	$ 1,320,161

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