The Bridge - August 2013 - (Page 13)

The Golden Gate Chapter of the Association of Legal Administrators Statement of Revenues, Expenses and Net Assets - Cash Basis Fiscal Years Ended March 31, 2013 and 2012 SUMMARY Revenue 0000 Sections 0800 Newsletter 0900 Membership 1000 Directory 2000 Salary Survey 3000 Education 5000 Region 6 6000 Other Committees 7000 Chapter Operations Total Revenue Expenses 0000 Sections 0800 Newsletter 0900 Membership 1000 Directory 2000 Salary Survey 3000 Education 5000 Region 6 6000 Other Committees 7000 Chapter Operations Total Expenses Net Increase/(Decrease) in Net Assets Fiscal 2012-2013 Year End Fiscal 2011-2012 Year End $ $ $ $ $ $ $ $ 724 $ - $ 26,112 $ - $ 56,030 $ 88,615 $ - $ - $ 2,465 22,306 58,880 120,698 - $ $ 57 $ 171,538 $ 80 204,429 $ $ $ $ $ $ $ $ 5,990 $ 13,646 $ 945 $ - $ 18,800 $ 50,453 $ 17,382 $ 8,039 $ 6,728 13,406 2,865 16,324 111,124 14,396 12,024 $ $ 29,063 144,318 $ $ 23,480 200,347 $ 27,220 $ 4,082 Beginning Net Assets 165,469 161,387 Ending Net Assets 192,689 165,469 NOTES TO FINANCIAL STATEMENT Nature of Business: The Golden Gate Chapter of the Association of Legal Administrators was formed in 1977 to provide a forum for thegrowing numbers of professionals in the field of law office administration in the San Francisco Bay Area. The Chapter has members representing private law firms, corporations, government and other legal organizations. The primary purposes of the Association are to:  Promote an exchange of information regarding the increasingly complex responsibilities of legal administration.  Develop educational programs and collect information of value to members and their firms.  Alert legal organizations to the value and availability of professional administrators and provide a forum for bringing them together. Basis of Accounting: The Chapter's policy is to prepare its financial statements on the cash basis of accounting. Consequently, certain revenues are recognized when received rather than when earned, and certain expenses and purchases of assets are recognized when cash is disbursed rather than when the obligation is incurred. Fiscal Year: Donated Services: Income Taxes: The Chapter maintains its accounting records on a fiscal year basis ending March 31st. The fiscal year corresponds with the term for elected officials. Some members of the Chapter have contributed significant amounts of time to the activities of the Chapter withcompensation. The financial statement does not reflect the value of those contributed services because, althoughclearly substantial, no reliable basis exists for determining an appropriate amount. The Chapter is exempt from federal and state income tax under Section 501(c)(6) of the Internal Revenue Code and Section 23701e of the California Revenue and Taxation Code. Accounting Notes: None to report. 13 Golden Gate Chapter August 2013

Table of Contents for the Digital Edition of The Bridge - August 2013

The Bridge - August 2013
Editor’s Corner
Contents
President’s Message
Final Rule Makes Changes to HIPPA Regulations and HITECH Act and Could Lead to More Breach Notifications
Relationships in Business
Effective Change Management for Sustainable Records Future
Records Management: What it Means for Legal Services Professionals
Change is Good: E-Discovery and the Modern Practice of Law
2012– 2013 Fiscal Years Financial Report
August Event
Salary Survey Order Form
Test Yourself
Job Bank
Member Anniversaries
2013 Business Partners
Golden Gate Chapter Leadership
August 2013 Calendar

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