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*LA Family Physician V16#2 03 - Louisiana Academy of Family ...

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FINANCIAL REPORT<br />

<strong>Louisiana</strong> <strong>Academy</strong> <strong>of</strong> <strong>Family</strong> <strong>Physician</strong>s<br />

Financial Report<br />

For the Years Ended December 31, 2002 and 2001<br />

Statement <strong>of</strong> Assets and Liabilities - Modified Cash Basis<br />

Assets 2001 2002<br />

Total Cash Assets 163,139 236,057<br />

Total Property and Equipment 161,881 160,224<br />

Total Other Assets 12,672 12,173<br />

Total Assets 337,692 408,454<br />

Liabilities and Net Assets<br />

Total Liabilities 79,821 72,028<br />

Net Assets (Unrestricted) 257,871 336,426<br />

TOTAL LIABILITIES AND NET ASSETS 337,692 408,454<br />

Statement <strong>of</strong> Revenues, Expenditures and Net Assets - Modified Cash Basis<br />

REVENUES 2001 2002<br />

Membership Dues* 145,742 153,871<br />

Assembly Revenues 132,055 124,748<br />

Winter Conference Revenues 38,889 40,<strong>03</strong>5<br />

Magazine Revenues 380 2,365<br />

Summer Breakaway Revenues -0- -0-<br />

Directory Revenues -0- -0-<br />

Other Revenue 10,622 26,119<br />

TOTAL REVENUES 327,688 347,138<br />

EXPENDITURES 2001 2002<br />

Operational Expenses 58,361 46,640<br />

Assembly Expenses 43,715 54,672<br />

Winter Conference Expenses 24,697 30,791<br />

Summer Breakaway Expenses -0- -0-<br />

Magazine Expenses 5,051 6,850<br />

Salaries 122,528 90,841<br />

Travel 14,541 7,623<br />

Other Expenditures 27,178 31,166<br />

TOTAL EXPENDITURES 296,071 268,583<br />

Net Assets - January 1 226,254 257,871<br />

Net Assets - December 31 257,871 336,426<br />

Increase in Unrestricted Net Assets 31,617 78,555<br />

Complete copy <strong>of</strong> Independent Auditor’s Report and Financials available upon request.<br />

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