FINANCIAL STATEMENT
Complete combined audited statements: www.azbar.org
Dec. 31, 2016 (Notes to statements are not included.)
CURRENT ASSETS
Cash ................................................................... $5,404,698
Certificates of deposit ........................................... 1,855,174
Accounts receivable, less allowance
for doubtful accounts of $1,183.............................57,431
Inventories.................................................................92,250
Prepaid expenses and other assets.............................420,628
TOTAL CURRENT ASSETS................................................. 7,830,181
Investments Restricted for Benefit Plan.........................450,820
PROPERTY AND EQUIPMENT,
less accumulated
depreciation and amortization .............................. 10,604,048
TOTAL ASSETS .......................................$18,885,049
ASSETS
CURRENT LIABILITIES
Accounts payable ................................................... $101,005
Property taxes payable ...............................................92,155
Accrued liabilities.................................................. 1,291,501
Deferred rent............................................................. 63,507
Dues and fees collected in advance........................ 2,166,261
TOTAL CURRENT LIABILITIES ............................................ 3,714,429
Other liabilities ........................................................477,610
TOTAL LIABILITIES .............................................. 4,192,039
NET ASSETS...................................................... 14,693,010
TOTAL LIABILITIES AND
NET ASSETS ..........................................$18,885,049
LIABILITIES AND NET ASSETS
2016 CONSOLIDATED STATEMENT
OF FINANCIAL POSITION
DUES
Active ................................................................. $9,261,413
Inactive ....................................................................921,390
Sections ...................................................................327,370
Board of Legal Specialization...................................115,350
ASSESSMENTS .................................................................. $213,990
FEES
Continuing Legal Education................................. 1,981,620
Convention .............................................................498,452
Lawyer Regulation...................................................192,521
Board of Legal Specialization..................................... 33,495
PUBLICATION & ADVER TISING SALES
ARIZONA ATTORNEY MAGAZINE ..................................870,139
Membership Directory................................................. 1,028
Website ........................................................................ 2,300
Mailing lists and labels ................................................. 1,350
Economic Survey....................................................... 11,189
OTHER
Late fees, Mandatory Continuing Legal Education ...291,228
Interest and dividends................................................ 17,227
Sections — other .....................................................149,622
Member Benefits ....................................................... 37,660
Special Services ............................................................ 9,119
Rental income..........................................................357,762
Contributions and sponsorships ...............................110,747
Pro Hac Vice ...........................................................432,958
Restitution receipts ...................................................... 5,059
Other ......................................................................108,934
TOTAL SUPPORT AND REVENUES ..................$15,951,923
SUPPORT AND REVENUES
PROGRAM SERVICES
Lawyer Regulation..............................................$7,023,819
Member Services .................................................. 5,820,704
Client Protection Fund claims..................................396,770
SUPPORT SERVICES
Management and general...................................... 1,808,345
TOTAL EXPENSES....................................$15,049,638
CHANGE IN NET ASSETS ................................$902,285
EXPENSES
2016 CONSOLIDATED STATEMENT
OF ACTIVITIES
STATE BAR OF ARIZONA AND CLIENT PROTECTION FUND TRUST
