2014-2013 June 30 The Florida Bar Financial Statements

The Florida Bar and Subsidiaries
Financial Statements and

Supplemental Information
June 30, 2014 and 2013

Table of Contents
June 30, 2014 and 2013
Independent Auditors Report
1-2
Managements Discussion and Analysis
3-7
Financial Statements
Consolidated Statements of Net Position
Consolidated Statements of Revenues, Expenses, and Changes in Net Position
Consolidated Statements of Cash Flows
10 - 11
Notes to Consolidated Financial Statements
12 - 28
Supplementary Information
Consolidating Statement of Net Position as of June 30, 2014
Consolidating Statement of Revenues, Expenses and Changes
in Net Position for the year ended June 30, 2014
29 - 30
31
Consolidating Statement of Cash Flows for the year ended

June 30, 2014
32 - 33
General Fund Schedule of Budgeted and Actual Revenues and Expenses

for the year ended June 30, 2014
34 - 43
General Fund Reconciliation of Revenues and Expenses on a Budgetary Basis to

Totals Per the Consolidating Statement of Revenues, Expenses
and Changes in Net Position for the year ended June 30, 2014
44
Clients Security Fund Schedule of Budgeted and Actual Revenues and

Expenses for the year ended June 30, 2014
45
Certification Fund Schedule of Budgeted and Actual Revenues and Expenses

for the year ended June 30, 2014
46
Sections Fund Schedule of Budgeted and Actual Revenues and Expenses for the
year ended June 30, 2014
47 - 48
Other Reports
Report on Internal Control Over Financial Reporting and On Compliance and
Other Matters Based on an Audit of Financial Statements Performed in
Accordance with Government Auditing Standards
49 - 50
Independent Auditors Report
Board of Governors
The Florida Bar
Tallahassee, Florida
We have audited the accompanying consolidated financial statements of the business-type
activities of The Florida Bar and Subsidiaries (The Florida Bar), as of and for the years ended
June 30, 2014 and 2013, and the related notes to the financial statements, which collectively
comprise The Florida Bars basic consolidated financial statements as listed in the table of
contents.
Managements Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these consolidated
financial statements in accordance with accounting principles generally accepted in the United
States of America; this includes the design, implementation, and maintenance of internal control
relevant to the preparation and fair presentation of financial statements that are free from
material misstatement, whether due to fraud or error.
Auditors Responsibility
Our responsibility is to express opinions on these consolidated financial statements based on
our audits. We conducted our audits in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the consolidated financial statements are free from
material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and
disclosures in the consolidated financial statements. The procedures selected depend on the
auditors judgment, including the assessment of the risks of material misstatement of the
consolidated financial statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal control relevant to the entitys preparation and fair
presentation of the consolidated financial statements in order to design audit procedures that
are appropriate in the circumstances, but not for the purpose of expressing an opinion on the
effectiveness of the entitys internal control. Accordingly, we express no such opinion. An audit
also includes evaluating the appropriateness of accounting policies used and the
reasonableness of significant accounting estimates made by management, as well as
evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our audit opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects,
the respective financial position of the business-type activities of The Florida Bar, as of June 30,
2014 and 2013, and the respective changes in financial position and cash flows thereof for the
years then ended in accordance with accounting principles generally accepted in the United
States of America.
Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the
managements discussion and analysis on pages 3 through 7 is presented to supplement the
basic financial statements. Such information, although not a part of the basic financial
statements, is required by the Governmental Accounting Standards Board, who considers it to
be an essential part of financial reporting for placing the basic consolidated financial statements
in an appropriate operational, economic, or historical context. We have applied certain limited
procedures to the required supplementary information in accordance with auditing standards
generally accepted in the United States of America, which consisted of inquiries of management
about the methods of preparing the information and comparing the information for consistency
with managements responses to our inquiries, the basic consolidated financial statements, and
other knowledge we obtained during our audit of the basic consolidated financial statements.
We do not express an opinion or provide any assurance on the information because the limited
procedures do not provide us with sufficient evidence to express an opinion or provide any
assurance.
Other Information
Our audits were conducted for the purpose of forming opinions on the consolidated financial
statements that collectively comprise The Florida Bars basic consolidated financial statements.
The supplementary information is presented for purposes of additional analysis and is not a
required part of the basic financial statements.
The supplementary information is the responsibility of management and was derived from and
relate directly to the underlying accounting and other records used to prepare the basic
consolidated financial statements. Such information has been subjected to the auditing
procedures applied in the audit of the basic consolidated financial statements and certain
additional procedures, including comparing and reconciling such information directly to the
underlying accounting and other records used to prepare the basic financial statements or to the
basic financial statements themselves, and other additional procedures in accordance with
auditing standards generally accepted in the United States of America. In our opinion, the
supplementary information is fairly stated, in all material respects, in relation to the basic
consolidated financial statements as a whole.
December 12, 2014

With more than 98,000 members, The Florida Bar is the statewide professional and regulatory
organization for lawyers. Headquartered in Tallahassee, The Florida Bar is a unified state bar by
rule of the Supreme Court of Florida. Membership in The Florida Bar is a necessary component of
The Supreme Court of Floridas regulation of all lawyers licensed to practice law in Florida (Article
V, Section 15, Florida Constitution). The foundation for the organization is built on a philosophy of
equity and ethics. Through its programs and services, the Bar supports this philosophy with four
pillars that function as the mission of The Florida Bar: providing public service, protecting rights,
promoting professionalism and pursuing justice. The following managements discussion and
analysis is intended to provide the readers of The Florida Bars financial statements a general
overview of the financial activities during the last two fiscal years (FY) that ended on June 30,
2014 and 2013.
Financial Highlights
The Florida Bars total net position increased approximately $6.1 million (or 10.8%) and $3.2
million (or 6.0%) over the course of FY14 and FY13, respectively. In both years, this was
generated primarily from the favorable investment environment which produced investment
income of $5.4 million in FY14 and $2.5 million in FY13 from the Florida Bars cash and
investments.
Total operating revenues for FY14 increased from FY13 by $1.4 million (or 3.4%) and remained
virtually unchanged in FY13 as compared to FY12. The increase in FY14 resulted from the
normal growth in membership supplemented by a pick-up in collection of court ordered
disciplinary costs. In FY13, the increase from growth in membership was offset by a reduction in
court-ordered restitution and advertising revenue. Total operating expenses increased
approximately $1.4 million (or 3.4%) in FY14 and $1.6 million (or 4.0%) in FY13. The increase in
operating expenses in FY14 came about as a result of new programs undertaken and necessary
building repairs. The increase in operating expenses in FY13 came primarily as a result of
increasing health care and other employment related costs.
The resources available to spend for the General Fund of The Florida Bar were approximately
$2.6 million more than budgeted for FY14 and were approximately $330,000 more than budgeted
for FY13. These results were primarily attributable to the actual gains and losses incurred by the
General Funds share of The Florida Bars investment income which was budgeted at $1.5 million
and experienced an actual gain of $3.9 million for FY14 and was budgeted at $1.4 million and
experienced an actual gain of $1.8 million for FY13. The Florida Bar was able to keep expenses
within budgeted limits in both years.
Overview of the Financial Statements
This annual report consists of three parts managements discussion and analysis, the basic
consolidated financial statements, and an optional section that presents supplementary
information. The supplementary information includes consolidating statements and comparisons of
actual results to budgeted results. The basic consolidated financial statements present the
consolidated financial position, results of operations, and cash flows of the Florida Bar and its
subsidiaries. The Florida Bar performs two overall activities which are to serve as the statewide
regulator of the practice of law and the professional association of lawyers. Its activities are
accounted for as a proprietary type enterprise fund because it charges fees to provide its services
similar to a business enterprise.
See the Independent Auditors Report.
-3-

The Statement of Net Position includes all of The Florida Bars assets and liabilities. The net
position is the difference between The Florida Bars assets and liabilities. The Statement of
Revenues, Expenses, and Changes in Net Position include all of The Florida Bars revenues and
expenses regardless of when the cash is received or paid. A Statement of Cash Flows provides
additional information regarding the change in The Florida Bars cash position. The notes
(beginning on page 12) are an integral part in providing a full understanding of The Florida Bars
financial statements.
Summary of Operations and Condensed Consolidated Financial Information
CONDENSED CONSOLIDATED STATEMENTS OF NET POSITION
June 30,
Assets
Current and other assets
Capital assets, net
Total assets
Liabilities
Current liabilities
Other liabilities
Total liabilities
Net position
Invested in capital assets,
net of related debt
Restricted for scholarships
Unrestricted
Total net position
% Change
2013 - 2014
% Change
2012- 2013
2014
2013
2012
$ 73,302,786
10,363,930
83,666,716
$ 66,124,233
10,734,193
76,858,426
$ 61,931,808
10,411,528
72,343,336
10.9%
-3.4%
8.9%
6.8%
3.1%
6.2%
18,549,400
2,439,156
20,988,556
17,771,868
2,519,415
20,291,283
16,452,056
2,522,588
18,974,644
4.4%
-3.2%
3.4%
8.0%
-0.1%
6.9%
10,363,930
58,967
52,255,263
$ 62,678,160
10,734,193
50,008
45,782,942
$ 56,567,143
10,411,528
46,334
42,910,830
$ 53,368,692
-3.4%
17.9%
14.1%
10.8%
3.1%
7.9%
6.7%
6.0%
The Florida Bars cash and investments increased from $64.6 million in FY13 to $71.8 million in
FY14 and from $60.2 million in FY12 to $64.6 million in FY13 despite a loss in the market value of
the investment portfolio for FY13 of $104,437. The increases reflect the addition of cash provided
by operations of $2.8 million and $3.1 million in FY14 and FY13, respectively, and the cash
earnings on the investment portfolio of $4.4 million and $1.3 million in FY14 and FY13,
respectively. The increase in capital assets from June 30, 2012 to June 30, 2013 has been a
function of the internal development of software programs.
The primary liability of The Florida Bar is unearned revenue resulting from advance collection of
member fees and prepayments for Continuing Legal Education registrations. Unearned revenue

-4-

increased $1.4 million (or 11%) from FY14 to FY13 and $1.5 million (or 13%) from FY12 to FY13.
This was primarily due to operational changes which resulted in earlier collections of member fees.
Total net position of the Florida Bar increased from $56.5 million in FY13 to $62.6 million in FY14,
an increase of $6.1 million or 10.8%. The largest portion of the Florida Bars net position reflects its
substantial investment portfolio of $53.3 million. This portfolio allows the Florida Bar to continue to
delay increasing the required annual fees charged to its members to regulate the practice of law in
Florida. The last fee increase was over 13 years ago.
The remaining balance of net position reflects the Florida Bars investment in capital assets (e.g.
land, buildings, and equipment). The Florida Bar uses these capital assets to provide services to its
members; consequently these assets are unavailable for future spending.
For more detailed information, see the accompanying Consolidated Statements of Net Position.
CONDENSED CONSOLIDATED STATEMENTS OF REVENUES, EXPENSES
AND CHANGES IN NET POSITION
June 30,
Operating revenues
Operating expenses
Net operating income
Non-operating revenues
Non-operating expenses
Net non-operating revenues
Change in net position
Net position, beginning
Net position, ending
2014
$ 44,175,611
(43,451,727)
723,884
2013
$ 42,708,054
(42,032,019)
676,035
2012
$ 42,692,524
(40,407,950)
2,284,574
% Change
2013 - 2014
3.4%
3.4%
7.1%
% Change
2012- 2013
0.0%
4.0%
-70.4%
5,394,950
(7,817)
5,387,133
2,528,194
(5,778)
2,522,416
(699,189)
(699,189)
113.4%
35.3%
113.6%
100.0%
-99.2%
-460.8%
6,111,017
56,567,143
3,198,451
53,368,692
1,585,385
51,783,307
91.1%
6.0%
101.7%
3.1%
$ 62,678,160
$ 56,567,143
$ 53,368,692
10.8%
6.0%
The Florida Bar operated without an increase in its Annual Fees required by its members over the
past three years. The increases in Annual Fees received by The Florida Bar have consistently
been approximately 2% to 3% per year commensurate with the membership growth rate. This was
supplemented by additional collections for court ordered disciplinary costs as well as sales of
continuing education products and other membership services. The growth in fees in FY13 was
offset by drops in other revenue sources such as court ordered restitutions and advertising
revenue.
Operating expenses increased 3.4% in FY14 which reflects the addition of several new program
areas including a Leadership Academy and a program to study the future practice of law as well as
necessary repairs required to the headquarters building in Tallahassee. The 4.0% increase in
operating expenses in FY13 was a result of increased staffing costs directly related to the
implementations of recommendations made in a newly completed compensation study.
The increase in net position for FY14 and FY13 was primarily attributable to the favorable
investment climate.
For more detailed information, see the accompanying Consolidated Statements of Revenues,
Expenses, and Changes in Net Position.

-5-

Budgetary Highlights For the years ended June 30, 2014 and 2013, The Florida Bars budget
funded most departments at a continuation level. The original operating budgets for the General
Fund (excluding the wholly-owned subsidiary and controlled entities) for the years ended June 30,
2014 and 2013 approved by the Florida Supreme Court, planned on an increase in net assets of
$1,910,380 and $2,291,818, respectively before transfers to other funds. After Board of Governor
amendments, the planned increase became $1,445,714 and $1,727,704 for FY14 and FY13,
respectively.
For FY14, significant budget amendments included the implementation of a new website platform
and layout, the creation of a new program to study the future of the practice of law, and special
funding to educate the general public about law related topics. For FY13, significant budget
amendments included the continuation of a public education program to educate the general public
about judicial merit retention, the addition of a leadership program, assistance with e-filing
requirements, and a contribution to the Florida Bar Foundation.
Included in the supplemental information is an actual to budget comparison for each department for
FY14.
CAPITAL ASSETS
The Florida Bar invested the following in Capital Assets:
June 30,
Land
Building and improvements
Landscaping and parking
Equipment and furnishings
Software
Software in development
Construction in progress
Total, prior to depreciation and
amortization
Accumulated depreciation
and amortization
Net capital assets
2013
1,306,690
11,349,427
120,318
4,831,457
4,431,345
280,310
11,220
2012
$ 1,306,690
11,352,944
120,318
4,802,272
2,433,713
1,113,841
18,615
% Change
2013 - 2014
0.0%
0.0%
0.0%
0.9%
15.3%
40.5%
-100.0%
% Change
2012- 2013
0.0%
0.0%
0.0%
0.6%
82.1%
-74.8%
-39.7%
23,150,305
22,330,767
21,148,393
3.7%
5.6%
(12,786,375)
(11,596,574)
(10,736,865)
10.3%
8.0%
10,734,193
$ 10,411,528
-3.4%
3.1%
2014
1,306,690
11,346,008
120,318
4,874,529
5,108,938
393,822
-
10,363,930
Additions to software and software in development account for the majority of the increases in
capital assets and included costs of developing new programs or significantly updating ones
already in use. These included updates to The Florida Bars website, a program to track
continuing education requirements and allow members to access their status on-line, and
updates to allow the public to use the Florida Bars website to obtain a lawyer referral.
Presently, The Florida Bar has no plans to significantly alter its investment in capital assets
other than to continue to add to costs of developed software.

-6-

Future Financial Plan
The Florida Bar was created by the Supreme Court of Florida to assist the Supreme Court in
regulating the practice of law in Florida. The Florida Bar is primarily funded through required
annual fee payments by lawyers, sales of continuing education programs to lawyers, and other
fees for the regulation of attorneys or sales of legal related products and services. There is no
plan to materially change these revenue streams for the next two years. Accordingly, there are
no present plans to materially increase the scope or nature of the services provided to the
citizens of Florida and the lawyers authorized to serve them.

-7-
Financial Statements

Consolidated Statements of Net Position
June 30,
Assets
Current assets
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Prepaid expenses and other assets
Total current assets
Capital assets, net
Land
Buildings and improvements
Software
Software development in progress
Total capital assets, net
2014
2013
$ 18,517,501
53,331,083
731,293
722,909
73,302,786
$ 19,053,441
45,558,555
644,103
868,134
66,124,233
1,306,690
11,346,008
120,318
4,874,529
5,108,938
393,822
(12,786,375)
10,363,930
1,306,690
11,349,427
120,318
4,831,457
4,431,345
280,310
11,220
(11,596,574)
10,734,193
Total assets
83,666,716
76,858,426
Liabilities
Current liabilities
Accounts payable
Client Security Fund claims payable
Accrued expenses
Unearned revenues
Security deposits
Total current liabilities
1,806,666
1,332,838
1,263,803
14,097,164
48,929
18,549,400
1,742,490
2,068,347
1,215,887
12,696,218
48,926
17,771,868
2,439,156
2,439,156
2,519,415
2,522,588
20,988,556
20,291,283
10,363,930
58,967
52,255,263
$ 62,678,160
10,734,193
50,008
45,782,942
$ 56,567,143
Non-current liabilities
Compensated absences payable
Total non-current liabilities
Total liabilities
Net Position
Invested in capital assets, net of related debt
Unrestricted
Total net position
See accompanying notes to the consolidated financial statements.

-8-

Consolidated Statements of Revenues, Expenses and Changes in Net Position
Years ended June 30,
2014
Operating revenues
Annual fees
Other fees from members
Sales of products and services
Communication with members and the public
Young lawyers
Grants and other
Total operating revenues
$ 25,061,587
6,817,452
9,166,020
1,523,156
1,058,690
548,706
44,175,611
Operating expenses
Regulation of the practice of law
Cost of products and services provided to members
Unauthorized practice of law
Public service programs
Communications with members and the public
Administration
Legislation
Young lawyers
Depreciation and amortization
Other programs and costs
Total operating expenses
2013
$
24,445,469
6,409,900
8,720,280
1,605,274
923,673
603,156
42,707,752
17,758,333
10,578,827
1,671,903
2,261,160
3,982,243
2,666,458
571,916
832,757
1,324,280
1,803,850
43,451,727
17,164,503
10,166,579
1,692,286
2,999,116
3,964,099
2,332,342
469,431
746,646
1,191,505
1,305,210
42,031,717
723,884
676,035
Non-operating revenues (expenses)

Investment earnings
Loss on disposal of capital assets
Total non-operating revenues (expenses)
5,394,950
(7,817)
5,387,133
2,528,194
(5,778)
2,522,416
6,111,017
3,198,451
56,567,143
53,368,692
Operating income
Total net position, beginning of year
$ 62,678,160
Total net position, end of year

-9-
56,567,143

Consolidated Statements of Cash Flows

Cash flows from operating activities:
Receipts from members, customers and other sources
Payments to employees, suppliers and other vendors
Net cash provided by operating activities
Cash flows from capital and related financing activities:
Acquisition of capital assets
Net cash (used in) capital and related financing activities
Cash flows from investing activities:
Redemption of investments
Purchase of investments
Investment income, net
Net cash (used in) investing activities
(Decrease) Increase in cash and cash equivalents:
Cash and cash equivalents, beginning of year
Cash and cash equivalents, end of year
2014
2013
$ 48,371,137
(45,604,319)
2,766,818
$ 46,098,220
(42,945,801)
3,152,419
(925,180)
(925,180)
(1,496,508)
(1,496,508)
25,870,733
(32,679,170)
4,430,859
(2,377,578)
30,839,459
(32,710,677)
1,310,338
(560,880)
(535,940)
19,053,441
17,958,410
$ 18,517,501
$ 19,053,441

- 10-
1,095,031

Consolidated Statements of Cash Flows (Continued)
2014
2013
Reconciliation of operating income to net cash

provided by operating activities:
Operating income
Adjustments to reconcile operating income to net cash
provided by operating activities:
(Increase) decrease in:
Increase (decrease) in:
Accounts payable
Claims payable
Accrued expenses
Unearned revenues
Security deposits
Compensated absenses payable
Net cash provided by operating activities
Non-cash investing, capital, and financing acitivities
Change in the fair value of investments
Loss on disposal of assets
723,884
1,324,280
676,035
1,191,505
(87,190)
145,225
(131,622)
123,302
27,522
(735,509)
47,916
1,400,946
3
(80,259)
2,766,818
(51,717)
(173,728)
38,990
1,482,823
4
(3,173)
3,152,419
$
$
3,739,662
(7,817)
$ (2,046,563)
$
(30,006)

- 11 -

NOTE 1 NATURE OF BUSINESS

The Florida Bar and Subsidiaries (The Florida Bar) is the statewide professional organization of
lawyers. It serves as an advocate and intermediary for attorneys, the court and the public. The
Florida Bar was established as a unified state bar by rule of the Supreme Court of Florida. The
Florida Bar regulates lawyers in Florida, investigates the unauthorized practice of law, offers
continuing legal education, publishes law journals and offers other member services.
NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Reporting Entity
The Florida Bar is a unified state bar organized as an arm of the Supreme Court of the State of
Florida. It is considered a governmental entity because it was established by, and has the
potential to be dissolved by, the Supreme Court of Florida. Therefore, The Florida Bar adopted the
provisions of Statement No. 34 (Statement No. 34) of the Governmental Accounting Standards
Board (GASB) Basic Financial Statements and Managements Discussion and Analysis for
State and Local Governments, as amended by Statement No. 37.
In evaluating The Florida Bar as a reporting entity, management has considered all potential
component units for which The Florida Bar may be financially accountable and if found to be
financially accountable, be required to be included in The Florida Bars financial statements. The
Florida Bar is financially accountable if it appoints a voting majority of an organizations governing
board and (1) it is able to impose its will on an organization or (2) there is a potential for an
organization to provide specific financial benefit to or impose specific financial burden on The
Florida Bar. Additionally, The Florida Bar is required to consider other organizations for which the
nature and significance of their relationship with The Florida Bar are such that exclusion would
cause the reporting entitys financial statements to be misleading or incomplete. Managements
analysis has disclosed no component units that should be included in The Florida Bars financial
statements.
Basis of Presentation
The Florida Bar is accounted for as a proprietary type enterprise fund. The Florida Bar applies all
applicable pronouncements of the Financial Accounting Standards Board (FASB) issued on or
before November 30, 1989 that are not in conflict with applicable GASB pronouncements.
Enterprise funds are used to account for activities that are financed and operated in a manner
similar to private business enterprises: (1) where the costs of providing goods and services to the
general public on a continuing basis are to be financed through user charges; or (2) where the
periodic determination of net income is considered appropriate. Proprietary funds distinguish
operating revenues and expenses from non-operating items. Operating revenues and expenses
generally result from providing goods and services in connection with a proprietary funds ongoing
operations. Operating expenses for The Florida Bar include the costs of personnel, contractual
services, supplies, utilities, repairs and maintenance, and depreciation and amortization of capital
assets. All revenues and expenses not meeting this definition are reported as non-operating
revenues and expenses.
- 12 -

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Basis of Accounting
Basis of accounting refers to when revenues and expenses are recognized in the accounts and
reported in the financial statements. These financial statements have been prepared on the
accrual basis of accounting in accordance with accounting principles generally accepted in the
United States of America. Under this method, revenues are recognized when they are earned and
expenses are recognized when they are incurred. The measurement focus of proprietary fund
types is on a flow of economic resources method, which emphasizes the determination of net
income, financial position, and cash flow. All fund assets and liabilities, current and non-current,
are accounted for in the Consolidated Statements of Net Assets.
Cash and Cash Equivalents
All demand deposit accounts and short-term highly liquid investments with original maturities of
three months or less are reported as cash equivalents.
Investments
Investments are reported at fair values. Fair values for securities traded on national or international
exchanges or over-the-counter are valued at quoted market prices. Fair values of securities not
traded on an exchange or over-the-counter are estimated based on the net asset values provided
by the investee calculated in accordance with FASB Topic 946.
Capital Assets
Capital assets are stated at cost less accumulated depreciation and amortization. The value of
software developed for The Florida Bars use includes all direct and indirect costs that are related
to development activities. The costs of capital assets are depreciated or amortized over the
estimated useful lives of the related assets, ranging from 3 to 40 years, using the straight-line
method. When capital assets are retired or otherwise disposed of, the costs and related
accumulated depreciation or amortization are removed from the accounts and any resulting gain or
loss is reflected in the Consolidated Statements of Revenues, Expenses and Changes in Net
Position, in the period of disposal.
Claims Payable
The Florida Bar voluntarily created the Clients Security Fund (the Fund) to provide possible
compensation to people who have suffered financial losses due to misappropriation of funds by
errant Florida Bar members. The Fund is financed by $25 of the annual fees due from each Florida
Bar member who is in good-standing (including inactive members). Claims payable represent
amounts that have been approved for payment from the Fund.
Unearned Revenues
Unearned revenues consist primarily of membership fees collected in advance, prepaid advertising
and prepaid legal education courses.
- 13 -


Allocation of Expenses
The costs of providing the various programs, services, and other activities have been summarized
on a functional basis in the Consolidated Statement of Revenues, Expenses and Changes in Net
Position. Accordingly, certain costs have been allocated among the programs and supporting
services benefited.
Principles of Consolidation
The accompanying consolidated financial statements include the accounts of The Florida Bar and
its wholly-owned subsidiary, The Florida Bar Building Corporation, and its other controlled entities,
Florida Lawyers Association for the Maintenance of Excellence, Inc. and The Florida Attorneys
Charitable Trust. All significant intercompany transactions and accounts have been eliminated in
consolidation.
Income Taxes
The Florida Bar is an administrative agency of the Supreme Court of Florida and is not subject to
federal or state income tax. The Florida Bar Building Corporation, Florida Lawyers Association for
the Maintenance of Excellence, Inc. and The Florida Attorneys Charitable Trust have been granted
exemption from federal and state income taxes except on unrelated business income under
Sections 501(c)(25), 501(c)(6), and 501(c)(3), respectively, of the Internal Revenue Code. The
income tax returns are open for review by the Internal Revenue Service, generally for 3 years. The
returns for 2013, 2012 and 2011 are available, as applicable.
Estimates
The preparation of financial statements in conformity with accounting principles generally accepted
in the United States of America requires management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of contingent assets and
liabilities at the date of the financial statements and the reported amounts of revenues and
expenses during the reporting period. Actual results could differ from those estimates.
Concentration
The Florida Bar receives the majority of its revenue from lawyers licensed to practice in the State of
Florida.
Net Position
Net position is categorized as invested in capital assets, restricted for scholarships, and
undesignated. Invested in capital assets is intended to reflect the portion of net position that is
associated with non-liquid, capital assets. Restricted for scholarships consists of monies restricted
for the annual G. Kirk Haas fund scholarships. Undesignated assets consist of all other assets not
included in the previous categories.
Effective as of the start of the fiscal year ending June 30, 2013, The Florida Bar implemented
GASB 63, Financial Reporting of Deferred Outflows of Resources, Deferred Inflows of Resources,
and Net Position which required a change in terminology. This change in accounting principal did
not result in a change in the amount of the beginning or ending net position.
- 14 -


Reclassifications
Certain revenue and expense categories for the year ended June 30, 2013 were reclassified to
conform to the current year presentation.
NOTE 3 CASH AND CASH EQUIVALENTS
Cash and cash equivalents are subject to custodial credit risk. Custodial credit risk is the risk that
in the event of a bank or other counterparty failure, The Florida Bars cash and cash equivalents
may not be returned. The Florida Bars policy with respect to custodial credit risk is that The Florida
Bar will only maintain demand deposit accounts with financial institutions in which management
believes the risk to be limited because the financial institutions are large with strong financial
positions.
Cash and cash equivalents are held at three financial institutions. The cash held in demand deposit
accounts was $8,136,007 and additional cash and money market funds was $10,381,494 at June
30, 2014. Cash in the amount of $1,233,731 was insured by the Federal Deposit Insurance
Corporation (FDIC) as of June 30, 2014. The additional cash and money market funds are held at
a financial institution insured by the Securities Investor Protection Corporation (SIPC). As of June
30, 2014, the SIPC provides up to $250,000 in coverage for uninvested cash and money market
funds not otherwise covered by the FDIC.
NOTE 4 INVESTMENTS
Investment Objectives and Policies
Investments are made for the sole interest and exclusive purpose of providing investment
returns for The Florida Bar. The Florida Bars investment objectives and policies are achieved
through a short-term account portfolio and a long-term account portfolio.
Investment guidelines are defined by a written Investment Policy (the Policy) approved by the
Florida Bars Board of Governors. The Policy establishes diversified investment strategies, both
by types of investment and by manager, minimum credit qualities, and duration limits. An
Investment Committee has oversight, within Policy limits, to implement and direct the
investment strategies. The policies are reviewed at least annually for any adjustments required
due to changes or developments within the investment markets that may provide enhanced
investment and/or risk management opportunities, and recommendations for changes are
submitted for approval by the Board of Governors.
The purpose of the short-term portfolio is to provide for The Florida Bars short-term working
capital needs. The short-term portfolio possesses a short-term time horizon (one to three years)
and within this horizon, the primary objectives are to preserve capital and provide liquidity for
short-term cash flow needs and to achieve attractive short-term yields consistent with
preservation of capital.
The purpose of the long-term investment portfolio is to provide for The Florida Bars operating
needs and to fund The Florida Bars programs both today and into the future. The long-term
- 15 -

NOTE 4 INVESTMENTS (CONTINUED)

Investment Objectives and Policies (Continued)
portfolio possesses an intermediate to long-term horizon (five to seven years) that correlates to
the primary objectives of providing long-term growth of capital and income. The secondary
objectives are high current income and liquidity.
The Policy requires the risk adjusted returns of an investment over a full market cycle to rank in
the top 50% of universal comparisons with similar objectives and the investment should
outperform the target policy index. The Policy establishes asset allocation guidelines with
regard to acceptable asset classes and prohibited investments, the overall targeted asset mix,
and the representative indices for each asset class. The asset allocation guidelines as
compared to actual investment balances were as follows as of June 30, 2014:
Short-Term
Asset Classes
Short-Term Fixed income
Cash and Equivalents
Minimum
35.0%
35.0%
Target
Mix
50.0%
50.0%
Maximum
65.0%
65.0%
Actual
35.1%
65.0%
Representative
Index
Barclay's 1 -3 Year Government/Credit Bond Index
Citigroup U.S. 90-Day Treasury Bills Index
Long-Term
Target
Asset Classes
Representative
Minimum
Mix
Maximum
Actual
Index
U.S. Large Cap Equity
7.0%
12.0%
17.0%
12.3%
Standard & Poor's 500 Index
U.S. Mid Cap Equity
0.0%
4.0%
9.0%
4.3%
Russell Mid Cap Index
U.S. Small Cap Equity

International Equity
0.0%
10.0%
2.0%
15.0%
7.0%
20.0%
2.1%
19.1%
Russell 2000 Index

MSCI EAFE Index
Int'l Small/Mid Cap Equity

Emerging Markets Equity
0.0%
5.0%
2.0%
10.0%
7.0%
15.0%
2.0%
8.9%
MSCI EAFE Small Cap Index or MSCI EAFE

Small/Mid Cap Index
MSCI Emerging Markets Index
Commodities
1.0%
6.0%
11.0%
7.9%
REITs
Inflation-linked Securities
Emerging Market Fixed
Income
U.S. Fixed Income
0.0%
0.0%
3.0%
2.0%
8.0%
7.0%
2.2%
0.0%
0.0%
15.0%
2.0%
22.0%
7.0%
29.0%
0.0%
17.8%
Dow Jones UBS Commodity Index

NAREIT Equity Index or Dow Jones Global Select
REIT
Barclays Capital U.S. TIPS Index
JP Morgan Emerging Markets Bond Index or JP
Morgan Emerging Market Bond Index (unhedged)
Barclay's Capital Intermediate Gov't/Credit Bond Index
U.S. High Yield Fixed

Income
0.0%
4.0%
9.0%
3.9%
Barclay's Capital U.S. Corporate High Yield Index
Hedged Funds
0.0%
6.0%
9.0%
8.2%
HFRI Conservative Index or Hedge Fund of Funds

Composite Index
Liquid Alternatives
0.0%
3.0%
6.0%
5.9%
60% MSCI ACWI/40% Barclays Capital Global

Aggregate
Managed Futures
0.0%
2.0%
5.0%
1.9%
Barclay's CTA Index
Cash & Equivalents
0.0%
5.0%
10.0%
3.5%
Citigroup U.S. 90-Day Treasury Bills
Performance and compliance reports are submitted to the Investment Committee quarterly. The
Florida Bar employs an investment consultant who provides performance and compliance
reporting at both the portfolio level and by individual investment manager.
- 16 -


Investments
At June 30, The Florida Bars investment balances were as follows:
June 30,
US Treasuries
Federal Agencies
Municipal Bonds
Corporate Bonds & Other Fixed Income
Mutual Funds - debt securities (ST)
Mutual Funds - equity securities
Mutual Funds - commodities
Equities
Managed Futures
Liquid Alternatives
Hedge Funds
Total investments
2014
438,980
2,828,060
651,546
4,807,847
7,549,186
1,521,635
3,938,845
23,551,459
946,113
2,967,934
4,129,478
53,331,083
2013
501,769
3,706,223
800,667
4,486,676
12,396,453
1,166,462
2,187,847
16,025,654
787,864
1,142,260
2,356,680
45,558,555
The Florida Bars investment securities are exposed to various risks, such as custodial credit
risk, interest rate risk, credit quality risk, foreign currency risk, concentration of credit risk, and
market conditions. Due to the level of risk associated with certain investment securities, it is at
least reasonably possible that changes in the value of investment securities will occur in the
near term and those changes could materially affect investment balances.
Custodial Credit Risk
Custodial credit risk is the risk that in the event of the failure of the custodial entity, The Florida
Bars deposits may not be returned to it. The Policies state that The Florida Bar will only hold
investment securities that are insured or registered and held by The Florida Bar, or its
designated agent, in the name of The Florida Bar. Investments held through its agent, Morgan
Stanley Smith Barney, LLC have Securities Investor Protection Corporation (SIPC) coverage up
to $500,000 per customer for cash and securities as of June 30, 2014 of which $250,000 may
be in uninvested cash. Morgan Stanley Smith Barney, LLC also has purchased Excess SIPC
protection above the SIPC limits. This excess coverage is subject to a firmwide cap for Morgan
Stanley of $1 billion with no per-client limit for securities and a $1.9 million per-client limit for the
cash portion of any remaining shortfall. Investments in PIMCO mutual funds are held by a third
party trust company.
Interest Rate Risk
Interest rate risk arises from investments in debt instruments and is defined as the risk that
changes in interest rates will adversely affect the fair value of an investment. The Florida Bars
investments in U.S. Treasuries, federal agencies, municipal bonds, corporate bonds, and other
bonds are directly subject to interest rate risk. The interest rate risk is managed by requiring the
duration of the fixed income portfolio to average between plus or minus 20% of the duration of
the representative benchmark for the investment.
- 17 -


Interest Rate Risk (Continued)
As of June 30, 2014, The Florida Bars debt investments had the following maturities:
Investment Maturities (In Years)
June 30,
US Treasuries
Federal Agencies
Municipal Bonds
Less than 1
Year
Fair Value
$
438,980
1 - 5 Years
6 - 10 Years
123,138
315,842
Over 10 Years
$
2,828,060
530,850
482,255
1,814,955
651,546
46,860
275,772
313,780
15,134
4,807,847
183,875
2,089,710
1,125,868
1,408,394
230,735
$ 3,019,470
$ 2,237,745
Corporate Bonds & Other

Fixed Income
Total investments
$ 8,726,433
3,238,483
The Florida Bar is not directly subject to interest rate risk for its investment in mutual funds that
purchase debt instruments, as The Florida Bar is able to sell their interest in these mutual funds
at will (subject to potential redemption fees). At June 30, 2014, the weighted average life
reported by the mutual fund managers for the mutual funds invested in debt instruments was
4.23 to 7.45 years.
Credit Quality Risk
The Policy requires investments in fixed income debt securities to meet an average quality
rating of A or higher for the long-term portfolio and AA or higher for the short-term portfolio by
either Standard & Poors, Moodys or Fitch Investors Service at the time of purchase.
Investments in corporate holdings must be rated investment grade or better by either Standard
& Poors, Moodys or Fitch Investors Service at the time of purchase. In the event a bonds
credit rating is downgraded to a level below investment grade by two of the three ratings
agencies, the Investment Manager must notify the Investment Committee and provide the
Committee with the Managers outlook on the investment. The Investment Committee must
approve continuing to hold the downgraded investment. The Manager must regularly update the
committee on the downgraded investments status.
- 18 -


Credit Quality Risk (continued)
The Florida Bars debt investments by rating at June 30, 2014 are presented below:
Federal
Agencies
Municipal
Bonds
$ 2,828,060
Aaa
438,980
194,516
Aa1
Quality Rating
U.S. Government
Agencies
U.S.
Treasuries
Corporate
Bonds &
Other Fixed
Income
Mutual Funds
- Debt
Securities
701,422
Total
$ 3,529,482
1,689,049
2,322,545
205,699
118,843
324,542
Aa2
186,327
123,017
309,344
Aa3
39,980
70,223
110,203
A1
25,024
341,818
366,842
A2
445,588
445,588
A3
348,824
348,824
Baa1
508,439
508,439
Baa2
434,653
434,653
Baa3
Below investment
grade
25,971
25,971
Unrated
7,549,186
7,549,186
$ 438,980
$ 2,828,060
651,546
$ 4,807,847
$ 7,549,186
$ 16,275,619
Total investments
Because mutual funds are listed and valued as a whole, not individual holdings, information
about specific ratings cannot be obtained however the mutual funds do have exposure to noninvestment grade securities. Investments in mutual funds are with the understanding that the
investment policies stated in the mutual funds prospectus supersedes the guidelines
established by The Florida Bar.
Foreign Currency Risk
Investments in international equity securities are limited to SEC-Registered, U.S. exchange
listed, U.S. dollar-denominated securities in foreign domiciled issuers. Investments in
international debt securities are limited to SEC-registered, U.S. dollar-denominated, U.S.
government backed securities issued by foreign governments. The Florida Bar invests in
international securities through American Depository Receipts (ADRs). ADRs represent
investments in shares of foreign companies traded on the U.S. financial markets and are
denominated in U.S. dollars and, thus, are not exposed to foreign currency risk. Investments in
foreign currency-denominated government bonds, any type of foreign corporate bond, or any
- 19 -


Foreign Currency Risk (continued)
other type of foreign currency are not allowed. Securities of foreign companies traded on
foreign stock exchanges may be purchased only with the written permission of The Florida Bars
Investment Committee. Additionally, the investment policies approve the use of mutual funds,
which may include foreign securities, with the understanding that the investment policies stated
in the mutual funds prospectus supersede the guidelines set forth in The Florida Bars
investment policy.
Concentration of Credit Risk
The Policy requires investments to be diversified such that there is not an undue concentration
in a single industry sector except for its Concentrated Portfolios. Investments in equity
securities are subject to a maximum 5% commitment at cost and 10% weighting at market of
the accounts total market value for any individual security or single issuer.
Investments in fixed income securities are subject to no more than 5% of the accounts market
value invested in a single issue (at cost) or in direct obligations of a single issuer (at market)
with the exception of the U.S. Government and its agencies so long as any such government or
agency issue shall be backed with the full faith and credit of the U.S. Government. In addition,
no more than 15% of the fixed income securities may be invested in mortgage backed or asset
backed securities of a single issuer, with the exception of those issued by the U.S. Government,
its agencies, or its sponsored agencies.
Investments in cash and cash equivalents are limited to no more than 10% of the accounts
market value in a single issue (at cost), with the exception of issues backed by the U.S.
Government and its agencies and diversified money market funds.
Derivative Instruments
As of June 30, 2014, the Florida Bars investment policy states that investments in options,
derivatives and financial futures are prohibited in separately managed accounts other than its
Alternative Investment assets. Additionally, the investment policy approves the use of mutual
funds, which may include derivative instruments, with the understanding that the investment
policies stated in the mutual funds prospectus supersede the guidelines set forth in The Florida
Bars investment policy.
NOTE 5 ACCOUNTS RECEIVABLE, NET

The following is a summary of accounts receivable, net:
June 30,
Accounts receivable
Allowance for doubtful accounts
2014
$
$
- 20 -
746,293
(15,000)
731,293
$
$
2013
659,103
(15,000)
644,103

NOTE 6 CAPITAL ASSETS, NET

July 1, 2013
Additions
Deletions
Transfers
June 30, 2014
Capital assets not being depreciated or

amortized:
Land
Software development in progress
$ 1,306,690
798,454
11,220
(11,220)
1,598,220
798,454
(11,220)
11,349,427
53,694
(57,113)
120,318
4,831,457
127,685
Software
4,431,345
7,463
Total capital assets being depreciated or

amortized
20,732,547
188,842
(156,538)
(6,576,525)
(384,787)
44,501
(6,916,811)
(120,318)
Total capital assets not depreciated or

amortized
(684,942)
1,306,690
280,310
393,822
(684,942)
1,700,512
Capital assets being depreciated or

amortized:
11,346,008
(99,425)
120,318
14,811
4,874,528
670,131
5,108,939
684,942
21,449,793
Less accumulated depreciation or

amortization for:
(120,318)
(3,662,297)
(344,641)
85,217
(6,074)
(3,927,795)
Software
(1,237,434)
(594,852)
4,761
6,074
(1,821,451)
Total accumulated depreciation or

amortization
(11,596,574)
(1,324,280)
134,479
(12,786,375)
9,135,973
(1,135,438)
(22,059)
(336,984)
$ (33,279)
Total capital assets being depreciated or

amortized, net
$ 10,734,193
684,942
$
8,663,418
$
10,363,930
Depreciation and amortization expense for the years ended June 30, 2014 and 2013 was
$1,324,280 and $1,191,505, respectively.
- 21 -

NOTE 7 NON-CURRENT LIABILITIES

Compensated Absences Payable & Changes in Non-Current Liabilities
The non-current liabilities are comprised of only the Total Compensated absences payable.
Compensated absences payable consisted of the following:
June 30,
Accrued vacation
Accrued sick leave
Total compensated absences
2013
2014
$
1,417,274
1,021,882
1,476,155
1,043,260
2,439,156
2,519,415
Changes in non-current liabilities are summarized as follows:

Balance
Balance
July 1, 2013
Accrued vacation
$ 1,476,155
Accrued sick leave

Total non-current liabilities
Additions
$
1,043,260
$ 2,519,415
Reductions
1,111,685
$ (1,170,566)
220,933
(242,311)
1,332,618
$ (1,412,877)
June 30, 2014

$
1,417,274
1,021,882
2,439,156
NOTE 8 REVENUE AND EXPENSE CLASSIFICATION

The significant revenue and expense accounts presented in the consolidated financial
statements are described as follows:
Other Fees from Members
Includes revenues from members other than annual fees such as advertising approval fees,
certification fees and section dues.
Sales of Products and Services
Includes revenues from sources such as Continuing Legal Education (CLE) registrations, and
meeting revenues.
Grants and Other
Includes grants received from The Florida Bar Foundation, cost recoveries from discipline
cases, rents received in The Bar Center Building Fund and other sources of revenue.
Regulation of the Practice of Law
Includes expenses incurred for Lawyer Regulation, Lawyer Advertising, Ethics, Continuing Legal
Education Rules (CLER), Membership Records and Certification.
- 22 -

NOTE 8 REVENUE AND EXPENSE CLASSIFICATION (CONTINUED)

Cost of Products and Services Provided to Members
Includes expenses such as the cost of CLE courses and publications, Legal Office Management
Advisory Services (LOMAS), voluntary member assistance programs, meetings, committee
activity and section activity.
Communication with Members and the Public
Includes the revenue and expenses of the Public Information Department and The Florida Bar
Journal and News.
Administration
Includes board and officer expenses, the cost of the Executive Directors office, General
Counsel, Research, Planning and Evaluation, and liability and property insurance.
NOTE 9 RETIREMENT PLANS

The Florida Bar sponsors a defined contribution pension plan, The Florida Bar Employees
Pension Plan (the Plan), which is available to all salaried personnel having completed six
months of service. The Plan is administered by The Florida Bar Retirement Committee. The
Plan may be amended at any time by The Florida Bar. Employer contributions are discretionary
and are currently made for all eligible employees employed on December 31 based on a
formula which was 15% of covered compensation for the years ended June 30, 2014 and 2013,
respectively, and 4.3% on covered compensation exceeding 80% of the Social Security wage
base. The employer contributions are allocated to separate participant accounts and invested by
the Trustee in the funds selected by the employee from those offered by the Plan Administrator.
Participant accounts vest based on the following schedule:
Less than 3 years
3 4 years
4 5 years
5 6 years
Greater than 6 years
0%
40%
60%
80%
100%
Forfeited contributions are held in a separate account and are used to reduce future employer
contributions. The plan has been amended to comply with all applicable Federal tax laws. The
pension contribution made equaled the contribution required during the years ended June 30,
2014 and 2013 for the Plan years ended December 31, 2013 and 2012 and was $ 2,300,355
and $ 2,185,851, respectively.
The Florida Bar also has a deferred compensation plan. The plan is for the benefit of all eligible
employees who elect to participate.
- 23 -

NOTE 10 RETIREE POSTEMPLOYMENT HEALTH BENEFITS

Plan Description. The Florida Bar Retiree Health Plan (TFBRHP) is a single-employer defined
benefit healthcare plan administered by The Florida Bar. TFBRHP provides health insurance
benefits to eligible employees at early retirement, disability or full retirement. The Florida Bar
has the authority to establish and amend benefit provisions of TFBRHP. TFBRHP issues a
stand-alone financial report that includes the financial statements and required disclosures.
This report may be obtained by writing to The Florida Bar, 651 East Jefferson Street,
Tallahassee, Florida 32399-2300.
Funding Policy. TFBRHP is funded through contributions made by The Florida Bar. The
contribution requirements are established and may be amended by The Florida Bar. Currently,
there are no required contributions by active or retired employees. The required contribution
from the Florida Bar is based on an actuarially determined percentage of total active payroll. For
fiscal years ended June 30, 2014 and 2013, The Florida Bar contributed $87,269 and $90,190,
respectively, to the plan for the annual required contributions.
Annual OPEB Cost and Net OPEB Obligation. The Florida Bars annual other postemployment
benefit (OPEB) cost (expense) is calculated based on the annual required contribution of the
employer (ARC), an amount actuarially determined in accordance with the parameters of GASB
Statement 45. The ARC represents a level of funding that, if paid on an ongoing basis, is
projected to cover normal costs each year and amortize any unfunded actuarial liabilities (or
funding excess) over a period not to exceed thirty years. Based on the January 1, 2014,
actuarial valuation, the ARC is .53% of active payroll payable for the calendar years 2014
through 2015. The following table shows the components of The Florida Bars annual OPEB
cost for the year, the amount actually contributed to the plan, and changes in The Florida Bars
net OPEB obligation to TFBRHP:
Annual required contribution
Interest on net OPEB obligation
Adjustments to annual required contribution
87,269
-
Annual OPEB cost (expense)
87,269
Net OPEB obligation - July 1, 2013

Annual OPEB cost (expense) for 2014
Contributions made during FY 2014
(87,269)
87,269
Net OPEB obligation - June 30, 2014
- 24 -

NOTE 10 RETIREE POSTEMPLOYMENT HEALTH BENEFITS (CONTINUED)

The Florida Bars annual OPEB cost, the percentage of annual OPEB cost contributed to the
plan, and the net OPEB obligation for 2014 and the preceding three years were as follows:
Fiscal Year Ended

6/30/2010
6/30/2011
6/30/2012
6/30/2013
6/30/2014
Annual OPEB
Cost
$
Percentage of Annual OPEB Cost

Contributed
268,980
85,511
87,777
90,190
87,269
100%
100%
100%
100%
100%
Net OPEB
Obligation
$
Funded Status and Funding Progress. As of January 1, 2014, the most recent actuarial
valuation date, the plan was 100% funded. The actuarial accrued liability for benefits was
calculated to be $2,448,563 and the actuarial value of the assets was $2,455,763, resulting in a
funding overage of ($7,200). The covered payroll (annual payroll of active employees covered
by the plan) was $15,749,749, and the ratio of the unfunded actuarial accrued liability (UAAL) to
the covered payroll was (0.05) %.
Actuarial valuations of an ongoing plan involve estimates of the value of reported amounts and
assumptions about the probability of occurrence of events far into the future. Examples include
assumptions about future employment, mortality, and the healthcare cost trend. Amounts
determined regarding the funded status of the plan and the annual required contributions of the
employer are subject to continual revision as actual results are compared with past expectations
and new estimates are made about the future.
Actuarial Methods and Assumptions. Projections of benefits for financial reporting purposes are
based on the substantive plan (the plan as understood by the employer and the plan members)
and include the types of benefits provided at the time of each valuation and the historical pattern
of sharing of benefit costs between the employer and plan members to that point. The actuarial
methods and assumptions used include techniques that are designed to reduce the effects of
short-term volatility in actuarial accrued liabilities and the actuarial value of assets, consistent
with the long-term perspective of the calculations.
The projected unit credit actuarial cost method was used for the January 1, 2014 actuarial
valuation. The actuarial assumptions included a 7.0% investment rate of return, which is the rate
of the expected long-term investment returns on plan assets and an annual healthcare cost
trend rate of 7.5% initially, reduced by decrements to an ultimate rate of 5.0% in the year 2018
and beyond. Both rates included a 3.0% inflation assumption. TFBRHP holds plan assets in
trust solely to provide benefits to retirees and their beneficiaries. The UAAL is being amortized
as a level percentage of projected payroll on a closed basis. The remaining amortization period
at January 1, 2014 was 28 years.
- 25 -

NOTE 10 RETIREE POSTEMPLOYMENT HEALTH BENEFITS (CONTINUED)

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Funding Progress
Actuarial
Valuation
Date
1/1/06
1/1/08
1/1/10
1/1/12
1/1/14
Actuarial
Value
of Assets
(a)
$
1,288,476
1,293,906
1,712,944
2,455,763
Actuarial
Accrued
Liability
(AAL)Projected
Unit Credit
(b)
$
1,203,784
1,216,209
1,584,797
1,886,227
2,448,563
Unfunded
AAL
(UAAL)
(b - a)
$
1,203,784
(72,267)
290,891
173,283
(7,200)
UAAL as a
Percentage
of Covered
Payroll
(b - a) / c)
Funded
Ratio
(a/b)
Covered
Payroll
(c)
0.00%
105.94%
81.64%
90.81%
100.29%
$ 12,946,872
14,296,752
14,557,008
14,402,420
15,749,749
9.30%
-0.51%
2.00%
1.20%
-0.05%
NOTE 11 LEASES
The Florida Bar is the lessee of office space under operating leases expiring in various years
through the year 2020, with escalation clauses.
The Florida Bar also leases office space from its wholly-owned subsidiary, The Florida Bar
Building Corporation. The intercompany rental income and rental expense have been eliminated
in consolidation.
Future minimum rental payments to unrelated entities are as follows:
Amount
$
760,227
794,017
791,952
371,104
178,687
277,429
$
3,173,416
Years ending June 30,

2015
2016
2017
2018
2019
Thereafter
Total minimum future rental payments
Total rental expense for the fiscal year ended June 30, 2014 and 2013 was $737,095 and
$714,702, respectively.
The Florida Bar is also the lessor of certain office space in a building owned by The Florida Bar.
The space is rented to unrelated entities under operating leases expiring in various years
through the year 2018. Rental income for the fiscal years ended June 30, 2014 and 2013 was
$295,576 and $293,818, respectively.
- 26 -

NOTE 11 LEASES (CONTINUED)

Future minimum rental receipts are as follows:
Years ending June 30,
2015
2016
2017
2018
2019
Total minimum future rental receipts
Amount
295,576
295,576
295,576
295,576
73,894
1,256,198
NOTE 12 CONTINGENCIES
The Florida Bar is involved in several actions as defendant and/or co-defendant. The majority
of the actions are expected to be settled with little or no financial impact to The Florida Bar. An
accurate assessment of any significant liability is not determinable although management of The
Florida Bar believes that the possibility of any significant liability arising from current litigation is
extremely remote.
NOTE 13 COMMITMENTS
The Florida Bar has contracted with various hotels or convention centers to reserve facilities,
rooms, and food and beverage services for various meetings and seminars to be held through
fiscal year 2020. If The Florida Bar should choose to cancel the contracts, liquidating damages
would be due to the hotels or convention centers. Generally, liquidating damages are graduated
based on the time between cancellation and the scheduled arrival date of the meeting and are
calculated based on a percentage of anticipated revenues by the particular hotel or convention
center.
The following is a schedule of estimated liquidating damages that The Florida Bar would incur
should they cancel all the contracts as of June 30, 2014:
Event
Annual Meeting
Board of Governors Meetings
Winter Meeting
Fall Meeting
Section and Division Meetings
Continuing Legal Education Seminars and Other Meetings
Total commitment
- 27 -
Estimated
liquidating
damages
$ 894,163
104,984
135,210
37,984
866,471
140,575
$ 2,179,387

NOTE 14 DESIGNATED NET POSITION

The Florida Bar has designated certain components of net position to be used for specific
program purposes. As of June 30, 2014 and 2013, the designated components of net position
were $20,188,679 and $17,227,035, respectively.
NOTE 15 RISK MANAGEMENT PROGRAMS

The Florida Bar is exposed to various risks of loss related to torts; theft of, damage to, and
destruction of assets; errors and omissions; injuries to employees; and natural disasters.
Workers compensation, property, and general liability coverage are provided through
commercial insurance carriers. Management continuously reviews the limits of coverage and
believes that current coverage is adequate. There were no significant reductions in insurance
coverage from the previous year.
NOTE 16 SUBSEQUENT EVENT

Subsequent to June 30, 2014, the Florida Bar approved in substance the terms of an agreement
to provide a $6.0 million loan to The Florida Bar Foundation (the Foundation) for the purpose of
accomplishing The Foundations mission of access to justice. The terms of the agreement
provide that the loan will be advanced in two (2) installments of up to $3.0 million each and no
earlier than 1 year apart. The loan will bear interest at a rate equal to the Mid-Term Applicable
Federal Rate adjusted annually but no less than .75% per annum. Interest on the outstanding
balance of the loan will be paid annually and all principal and interest will be repaid within seven
(7) years.
- 28 -
Supplementary Information

Consolidating Statement of Net Position
June 30, 2014
Clients'
Security
Fund
General
Fund
Bar Center
Fund
$ 16,357,639
53,331,083
731,293
747,218
71,167,233
$ 2,159,862
6,754,093
808
8,914,763
Certification
Fund
Sections
Fund
Eliminating
Entries
Total
All Funds
Assets
Current assets
Cash and cash equivalents
Short-term investments
Due from other funds
Total current assets
Capital assets, net
Land
Software
Software development in process
and amortization
Restricted assets
Investment in The Florida Bar
Building Corporation
Total restricted assets
Total assets
5,108,938
393,822
(1,821,451)
3,681,309
6,954,056
6,954,056
1,306,690
11,346,008
120,318
4,874,529
(10,964,924)
6,682,621
1,165,663
1,165,663
5,532,369
5,532,369
(20,406,181)
(25,117)
(20,431,298)
$ 18,517,501
53,331,083
731,293
722,909
73,302,786
1,306,690
11,346,008
120,318
4,874,529
5,108,938
393,822
(12,786,375)
10,363,930
1,611,647
1,611,647
(1,611,647)
(1,611,647)
76,460,189
15,597,384
6,954,056
1,165,663
5,532,369
(22,042,945)
83,666,716
See Independent Auditors' Report.

- 29 -

Consolidating Statement of Net Position
(Continued)
June 30, 2014
General
Fund
Clients'
Security
Fund
Bar Center
Fund
Certification
Fund
Sections
Fund
Eliminating
Entries
Total
All Funds
Liabilities
Current liabilities
Accounts payable
Client security fund claims payable
Accrued expenses
Due to other funds
Unearned revenues
Security deposits
Total current liabilities
Non-current liabilities
Total non-current liablities
Total liabilities
Net position
Invested in capital assets, net of related debt
Unrestricted
Designated
Undesignated
Contributed capital
Total net position
3,011,280
1,263,803
19,150,222
14,097,164
37,522,469
51,345
74,046
125,391
1,332,838
1,332,838
2,439,156
2,439,156
39,961,625
125,391
1,332,838
3,681,309
58,967
6,682,621
-
691,704
32,066,584
$ 36,498,564
7,177,725
1,611,647
$ 15,471,993
5,621,218
$ 5,621,218
1,165,663
$ 1,165,663
5,532,369
$ 5,532,369

- 30 -
(1,255,959)
(19,150,222)
(25,117)
(20,431,298)
(20,431,298)
(1,611,647)
(1,611,647)
1,806,666
1,332,838
1,263,803
14,097,164
48,929
18,549,400
2,439,156
2,439,156
20,988,556
10,363,930
58,967
20,188,679
32,066,584
$ 62,678,160

Consolidating Statement of Revenues, Expenses and Changes in Net Position
General
Fund
Year ended June 30, 2014

Operating revenues
Annual fees
Other fees from members
Sales of products and services
Young lawyers
Grants and other
Operating expenses
Regulation of the practice of law
Cost of products and services provided to members
Unauthorized practice of law
Administration
Legislation
Young lawyers
Other programs and costs
25,061,587
3,293,708
6,275,249
1,523,156
1,058,690
252,612
37,465,002
16,889,854
5,611,561
1,712,764
576,446
4,079,567
2,731,625
585,893
883,842
558,726
1,307,237
34,937,515
1,115,734
1,115,734
2,527,487
(220,384)
Non-operating revenues (expenses)

Investment earnings
Loss on disposal of capital assets
Total non-operating revenues (expenses)
3,868,674
3,868,674
542,870
(7,817)
535,053
6,396,161
314,669
Net position, beginning of year
32,657,622
14,935,347
Transfers (to) from other funds
(2,555,219)
221,977
36,498,564
728,900
607,218
1,336,118
Operating income (loss)
Net position, end of year
Clients'
Security
Fund
Bar Center
Fund
15,471,993
1,698,466
4,099
1,702,565
(1,571,629)
410,993
410,993
1,347,774
1,347,774
Sections
Fund
1,271,412
32,555
1,303,967
2,175,970
2,924,271
5,100,241
5,105,638
5,105,638
43,807
(5,397)
Eliminating
Entries
Total
All Funds
(33,500)
(950,576)
(984,076)
$ 25,061,587
6,817,452
9,166,020
1,523,156
1,058,690
548,706
44,175,611
(402,933)
(138,372)
(40,861)
(13,752)
(97,324)
(65,167)
(13,977)
(51,085)
(110,605)
(934,076)
17,758,333
10,578,827
1,671,903
2,261,160
3,982,243
2,666,458
571,916
832,757
1,324,280
1,803,850
43,451,727
(50,000)
723,884
78,689
78,689
493,724
493,724
122,496
488,327
(50,000)
6,111,017
4,427,354
1,043,167
5,065,300
(1,561,647)
56,567,143
2,354,500
5,621,218
$ 1,165,663
(1,160,636)

- 31 -
130,936
130,936
Certification
Fund
(21,258)
$
5,532,369
$ (1,611,647)
5,394,950
(7,817)
5,387,133
$ 62,678,160

Consolidating Statement of Cash Flows
General
Fund
Bar Center
Fund
Clients'
Security
Fund
Certification
Fund
Sections
Fund
$ 39,078,758
(35,638,077)
3,440,681
$ 1,293,004
(983,461)
309,543
$ 2,485,436
(2,896,429)
(410,993)
$ 1,347,774
(1,426,463)
(78,689)
$ 5,100,241
(5,593,965)
(493,724)
(765,030)
(765,030)
(160,150)
(160,150)
25,870,733
(32,679,170)
2,904,583
(3,903,854)
542,870
542,870
410,993
410,993
(Decrease) increase in cash and cash equivalents
(1,228,203)
692,263
Cash and cash equivalents, beginning of year
17,585,842
1,467,599
$ 16,357,639
$ 2,159,862

Cash flows from operating activities:
Receipts from members, customers and other sources
Payments to employees, suppliers and other vendors
Net cash provided by (used in) operating activities
Cash flows from capital and related financing activities:
Acquisition of capital assets
Net cash (used in) capital and related financing activities
Cash flows from investing activities:
Redemption of investments
Purchase of investments
Investment income, net
Net cash (used in) provided by investing activities
Cash and cash equivalents, end of year

- 32 -
Eliminating
Entries
(934,076)
934,076
-
$ 48,371,137
(45,604,319)
2,766,818
(925,180)
(925,180)
78,689
78,689
493,724
493,724
25,870,733
(32,679,170)
4,430,859
(2,377,578)
(535,940)
19,053,441
$ 18,517,501
Total
All Funds

Consolidating Statement of Cash Flows
(Continued)

Reconciliation of operating income (loss) to net cash provided
by (used in) operating activities:
Adjustments to reconcile operating income (loss) to
net cash provided by (used in) operating activities
Transfers (to) from other funds
(Increase) decrease in:
Due from other funds
CSF recovery receivable
Prepaid expense and other assets
Increase (decrease) in:
Accounts payable
Claims payable
Accrued expenses
Unearned revenues
Security deposits
Due to other funds
Net cash provided by (used in) operating activities
Non-cash investing, capital and financing activities:

Change in the fair value of investments
Loss on disposal of assets
General
Fund
$ 2,877,487
Clients'
Security
Fund
Bar Center
Fund
558,726
(2,905,219)
(570,384)
Certification
Fund
$ (1,571,629)
728,900
571,977
4,099
2,354,500
43,807
Sections
Fund
Eliminating
Entries
(5,397)
(50,000)
Total
All Funds
723,884
32,555
-
(21,258)
1,324,280
-
(87,190)
145,225
(394,707)
-
(462,454)
-
(155,051)
-
(467,069)
-
1,479,281
-
(87,190)
145,225
(98,176)
(1,010)
1,350,946
1,680,151
(80,259)
$ 3,440,681
(26,246)
3
309,543
(735,509)
(410,993)
(78,689)
(493,724)
151,944
48,926
50,000
(1,680,151)
$
-
27,522
(735,509)
47,916
1,400,946
3
(80,259)
$ 2,766,818
$ 3,739,662
$
-
$
$
(7,817)
$
$
$
$
$
$
$
$
$ 3,739,662
$
(7,817)

- 33 -

Actual
Budgeted
$ 25,061,587
3,868,430
378,428
837,242
820,425
100,375
9,256
536,546
19,941
521,750
493,620
2,906,383
759,993
220,088
351,964
19,720
381,167
664,483
542,430
1,052
1,058,690
13,350
79,500
78,160
447,663
997,333
79,418
370,645
8,959
$ 25,030,385
1,570,000
313,570
731,785
844,500
97,440
2,035
275
545,350
20,250
500,000
521,538
3,074,691
738,600
241,726
485,062
12,030
215,618
587,120
659,578
894,867
11,000
100,000
68,348
439,152
1,093,322
88,000
106,391
4,000
41,628,598
38,996,633
Variance
Favorable
(Unfavorable)
Revenues - budgetary basis

Annual fees
Investments
Authorized house counsel
Lawyer regulation
Florida registered paralegal program
Professional enhancement program
Unlicensed practice of law
Ethics
Lawyer advertising
Professionalism
Multijurisdictional practice
Meetings and conventions
Continuing legal education program
Continuing legal education rule
Course approval center
Foreign legal consultants
Law office management advisory services
Member benefits program
Legal publications
Section management
Young lawyers division
Committtee expenses
Wm Reece Smith, Jr. Leadership Academy
Public information
Journal
News
Building and grounds
Other revenue
G. Kirk Haas Fund (restricted revenue)
Total revenues - budgetary basis

- 34 -
31,202
2,298,430
64,858
105,457
(24,075)
2,935
7,221
(275)
(8,804)
(309)
21,750
(27,918)
(168,308)
21,393
(21,638)
(133,098)
7,690
165,549
77,363
(117,148)
1,052
163,823
2,350
(20,500)
9,812
8,511
(95,989)
(8,582)
264,254
4,959
2,631,965

(Continued)
Actual
Budgeted
Variance
Favorable
(Unfavorable)
Expenses - budgetary basis

Regulation of the practice of law:
Lawyer regulation
Staff and office expense
Contract services
Travel
Internal service and administration
Other operating expenses
Total lawyer regulation
9,943,991
3,615
167,187
1,477,490
416,915
12,009,198
10,104,144
5,000
202,959
1,910,051
458,998
12,681,152
160,153
1,385
35,772
432,561
42,083
671,954
1,311,511
775
162,737
45,595
1,520,618
1,389,769
3,197
193,680
59,543
1,646,189
78,258
2,422
30,943
13,948
125,571
Multijurisdictional practice
Total multijurisdictional practice
12,986
1,736
1,200
15,922
18,847
2,348
13
21,208
5,861
612
(1,187)
5,286
Foreign legal consultants

Total foreign legal consultants
20,148
2,668
463
23,279
10,098
1,602
189
11,889
(10,050)
(1,066)
(274)
(11,390)
Authorized house counsel

Total authorized house counsel
9,927
4,636
3,756
18,319
9,268
4,988
3,413
17,669
(659)
352
(343)
(650)
Ethics
Travel
Total ethics
643,791
2,632
73,378
867
720,668
735,714
5,040
101,613
3,384
845,751
Attorney consumer assistance program

Travel
Total attorney consumer assistance program

- 35 -
91,923
2,408
28,235
2,517
125,083

(Continued)
Actual
Budgeted
Variance
Favorable
(Unfavorable)

Lawyer advertising
Travel
Total lawyer advertising
743,092
4,802
98,758
5,744
852,396
766,839
5,341
101,115
7,148
880,443
23,747
539
2,357
1,404
28,047
Rules
Contract services
Travel
Total rules
128,060
713
6,186
134,959
107,367
112,500
644
(107,468)
140
113,183
(20,693)
112,500
(69)
(113,654)
140
(21,776)
Professionalism
Contract services
Travel
Total professionalism
292,208
5,827
38,581
1,641
338,257
328,646
5,217
17,974
52,568
25,032
429,437
36,438
5,217
12,147
13,987
23,391
91,180
Finance and records

Contract services
Travel
Less cost distribution
Total finance and records
1,653,375
49,096
2,156
314,344
353,461
(1,218,737)
1,153,695
Course approval center

Total course approval center
191,415
28,672
220,087
201,207
30,553
4,966
236,726
9,792
1,881
4,966
16,639
Continuing legal education rule

Travel
Total continuing legal education rule
310,878
1,606
66,196
21,707
400,387
292,898
1,504
65,368
24,217
383,987
(17,980)
(102)
(828)
2,510
(16,400)

- 36 -
1,929,676
66,400
2,285
167,991
326,956
(1,452,591)
1,040,717
276,301
17,304
129
(146,353)
(26,505)
(233,854)
(112,978)

(Continued)
Actual
Budgeted
Variance
Favorable
(Unfavorable)

Division director - legal
Travel
Total division director - legal
(17,558)
17,532
31
5
Ethics/advertising staff pool

Total ethics/advertising staff pool
Legal education and specialization staff pool
Total legal education and specialization staff pool
(11,446)
19,792
1,569
500
10,415
6,112
2,260
1,538
500
10,410
(752)
742
(10)
999
1,232
2,231
1,751
490
2,241
(1,726)
1,735
9
18,393
2,990
21,383
20,119
1,255
21,374
30,818
8,725
5,122
5,053
49,718
50,397
11,270
8,019
2,738
72,424
19,579
2,545
2,897
(2,315)
22,706
435,109
2,780
13,335
138,571
379,884
(73,048)
896,631
441,881
2,939
23,006
172,042
379,814
(75,547)
944,135
6,772
159
9,671
33,471
(70)
(2,499)
47,504
Cost of products and services to members:

Professional enhancement program
Travel
Total professional enhancement program
Meetings and conventions
Contract services
Travel
Total meetings and conventions
Continuing legal education programs
Travel
Total continuing legal education programs
Law office management advisory services
Travel
Total law office management advisory services

- 37 -
970,645
41,169
413,430
1,065,890
2,491,134
1,073,854
61,811
585,357
1,305,053
3,026,075
103,209
20,642
171,927
239,163
534,941
263,313
23,136
37,577
8,117
332,143
290,432
25,950
56,731
10,491
383,604
27,119
2,814
19,154
2,374
51,461

(Continued)
Actual
Budgeted
Variance
Favorable
(Unfavorable)

Member benefits program
Total member benefits program
65,893
31,720
207,846
305,459
50,570
35,517
231,441
317,528
(15,323)
3,797
23,595
12,069
Legal publications
Travel
Total legal publications
401,307
1,175
47,968
14,824
465,274
292,293
1,549
41,541
22,847
358,230
(109,014)
374
(6,427)
8,023
(107,044)
Court rules
Travel
Total court rules
228,614
9,918
30,380
23,296
292,208
382,076
12,905
54,764
21,889
471,634
153,462
2,987
24,384
(1,407)
179,426
Section management
Travel
Total section management
759,817
4,252
(218,302)
569
546,336
709,008
1,997
(273,078)
1,622
439,549
(50,809)
(2,255)
(54,776)
1,053
(106,787)
Committee expenses
Travel
Total committee expenses
74,453
4,991
16,219
36,918
132,581
53,458
4,462
15,711
41,904
115,535
(20,995)
(529)
(508)
4,986
(17,046)
Florida Registered Paralegal

Travel
Total Florida registered paralegal
150,508
1,279
35,409
12,848
200,044
149,335
3,940
37,073
11,423
201,771
(1,173)
2,661
1,664
(1,425)
1,727
Division director - programs

Travel
Total division director - programs
(4,473)
4,418
55
-

- 38 -
(3,305)
4,383
1,995
194
3,267
1,168
(35)
1,995
139
3,267

(Continued)
Actual
Budgeted
Variance
Favorable
(Unfavorable)

Professional development staff pool
Total professional development staff pool
(11,372)
10,450
917
(5)
11,873
1,176
1,139
14,188
23,245
(9,274)
222
14,193
Unauthorized practice of law:

Unlicensed practice of law
Travel
Total unlicensed practice of law
1,474,515
30,282
214,233
20,811
1,739,841
1,483,493
39,020
278,158
38,455
1,839,126
8,978
8,738
63,925
17,644
99,285
3,431
7,539
1,603
79
12,652
11,432
438
718
63
12,651
363,710
1,051
69,683
181,759
616,203
371,897
1,037
91,959
198,200
663,093
8,187
(14)
22,276
16,441
46,890
"Journal"
Travel
Total "Journal"
278,437
1,106
80,263
460,946
820,752
282,324
1,936
93,057
498,369
875,686
3,887
830
12,794
37,423
54,934
"News"
Travel
Total "News"
528,534
9,153
187,728
1,244,683
(115,073)
1,855,025
515,699
12,053
217,622
1,325,040
(140,436)
1,929,978
(12,835)
2,900
29,894
80,357
(25,363)
74,953
Division director - ethics, UPL and professionalism

Travel
Total division director - ethics, UPL and professionalism
(8,001)
7,101
885
16
1
Public service programs:

Travel
Total public service programs
Communication with members and the public:

- 39 -

(Continued)
Actual
Budgeted
Variance
Favorable
(Unfavorable)

"Journal" - "News" staff pool
Travel
Total "Journal" - "News" staff pool
(3,811)
2,584
549
690
12
Public information
Contract services
Travel
Total public information
11,721
4,197
6,457
1,728
24,103
15,532
1,613
5,908
1,038
24,091
820,575
101,129
47,408
403,923
132,075
1,505,110
821,285
107,910
63,571
329,777
130,659
1,453,202
710
6,781
16,163
(74,146)
(1,416)
(51,908)
General administration
Travel
Total general administration
768,896
69,304
6,761
196,539
1,041,500
990,066
61,298
7,617
219,170
1,278,151
221,170
(8,006)
856
22,631
236,651
Board and officer

Travel
Total board and officer
230,438
31,449
5,824
355,444
623,155
254,429
25,784
16,216
373,635
670,064
23,991
(5,665)
10,392
18,191
46,909
General counsel
Contract services
Travel
Total general counsel
150,966
330,644
2,282
32,618
375
516,885
183,793
350,576
3,032
14,627
870
552,898
32,827
19,932
750
(17,991)
495
36,013
Records management
Contract services
Travel
Total records management
301,681
225
52,425
3,306
357,637
513,174
58,800
5,858
11,079
853
589,764
211,493
58,800
5,633
(41,346)
(2,453)
232,127
Administration:

- 40 -

(Continued)
Actual
Budgeted
Variance
Favorable
(Unfavorable)

Human resource management
Travel
Total human resource management
Information systems
Contract services
Travel
Total information systems
Research, planning and evaluation
Contract services
Travel
Total research, planning and evaluation
344,058
1,395
56,550
14,547
(416,550)
-
353,485
3,522
18,906
18,827
(393,603)
1,137
9,427
2,127
(37,644)
4,280
22,947
1,137
3,819,852
592,186
5,621
391
1,568
(4,250,761)
168,857
4,136,006
1,038,000
15,974
768
2,681
(5,150,765)
42,664
316,154
445,814
10,353
377
1,113
(900,004)
(126,193)
183,199
10,417
5,063
3,758
8,491
210,928
204,618
25,850
5,346
2,055
10,640
248,509
21,419
15,433
283
(1,703)
2,149
37,581
Building and grounds

Travel
Total building and grounds
1,868,251
2,656
251
23
(1,791,753)
79,428
1,922,938
3,725
281
2
(1,821,447)
105,499
54,687
1,069
30
(21)
(29,694)
26,071
Shipping and receiving

Total shipping and receiving
130,171
(3,147)
126
(113,413)
13,737
151,845
(4,000)
87
(149,532)
(1,600)
21,674
(853)
(39)
(36,119)
(15,337)

- 41 -

(Continued)
Actual
Budgeted
Variance
Favorable
(Unfavorable)

Print shop

Total print shop
197,814
74
20,292
(179,574)
38,606
246,906
(246,906)
-
49,092
(74)
(20,292)
(67,332)
(38,606)
449,043
3,364
(452,396)
11
511,081
1,198
155
(509,269)
3,165
62,038
(2,166)
155
(56,873)
3,154
103,417
2,668
99
16
(106,200)
-
170,775
2,826
1,840
268
(171,203)
4,506
67,358
158
1,741
252
(65,003)
4,506
155,126
367,448
2,208
65,027
1,297
591,106
136,091
302,680
3,032
68,125
1,238
511,166
(19,035)
(64,768)
824
3,098
(59)
(79,940)
62,786
14,938
103,924
710,058
891,706
68,421
11,384
113,591
772,415
965,811
5,635
(3,554)
9,667
62,357
74,105
Office systems

Total office systems
Division director - administration
Travel
Total division director - administration
Legislation:
Legislation
Contract services
Travel
Total legislation
Young Lawyers:
Young Lawyers Division
Travel
Total young lawyers division

- 42 -

(Continued)
Actual
Budgeted
Variance
Favorable
(Unfavorable)

Other programs and costs:
Diversity Initiatives
Travel
Total diversity initiatives
73,765
9,443
16,273
53,581
153,062
158,356
17,119
20,716
59,690
255,881
84,591
7,676
4,443
6,109
102,819
Wm. Reece Smith, Jr. Leadership Academy

Contract services
Travel
Total Wm. Reece Smith, Jr. Leadership Academy
170,027
63,745
43,785
121,816
399,373
63,450
2,500
50,600
24,286
73,960
214,796
(106,577)
2,500
(13,145)
(19,499)
(47,856)
(184,577)
Lawyer assistance program/substance abuse

Total lawyer assistance program/substance abuse
51,751
460,000
511,751
57,273
460,000
517,273
Vision 2016
Contract services
Travel
Total legislation
143,996
44,883
12,870
26,202
25,467
253,418
2,700
70,885
4,500
890
21,600
100,575
2,500
2,500
35,507,416
37,550,919
2,043,503
5,522
5,522
(141,296)
26,002
(8,370)
(25,312)
(3,867)
(152,843)

G. Kirk Haas Fund (restricted fund)
Total expenses
Excess of revenues over expenses - budgetary basis
6,121,182

- 43 -
1,445,714
4,675,468

General Fund Reconciliation of Revenues and Expenses on a
Budgetary Basis to Totals Per the Consolidating Statement
of Revenues, Expenses and Changes in Net Position
Excess of
Revenues
Over (Under)
Expenses
Operating
Revenues
Expenses
Totals on budgetary basis
$ 41,628,598
$ 35,507,416
17,526
49,308
947
1,129
Add:
Subsidiary operations
Florida Lawyers Association for the Maintenance of
Excellence, Inc.
The Florida Attorneys Charitable Trust
Less:
Adjustments for financial statement presentation purposes
Net change in the fair value of investments
Dividend from The Florida bar Building Corportaion
(3,868,430)
(350,000)
Budgeted items treated as interfund transfers for basic

financial statement purposes
Depreciation
Contributions
(12,000)
Total operating revenues, expenses and income per Consolidating

Schedule of Statement of Revenues, Expenses and Changes in
Net Position
$ 37,465,002

- 44 -
16,579
48,179
(3,868,430)
(350,000)
(571,977)
-
$ 34,937,515
6,121,182
571,977
(12,000)
2,527,487

Clients' Security Fund Schedule of Budgeted and Actual Revenues and Expenses
Actual

Operating revenues
Annual contribution *
Recoveries
Operating expenses
Travel
Claims paid
2,354,500
130,936
2,485,436
Budget
$
2,302,825
79,400
2,382,225
Variance
Favorable
(Unfavorable)
$
51,675
51,536
103,211
161,375
5,324
57,940
1,523,188
(45,262)
1,702,565
179,264
8,590
98,614
2,302,825
(9,426)
2,579,867
17,889
3,266
40,674
779,637
35,836
877,302
782,871
(197,642)
980,513
Investment earnings (loss)
Total non-operating revenues
410,993
410,993
130,000
130,000
280,993
280,993
1,193,864
(67,642) $
1,261,506
* The annual contribution from the general fund is treated as a budgeted revenue item on this
statement. However, it is treated as an interfund transfer in the basic financial statements section
of this report. The difference between the budget basis statement and the basic financial statement
is reconciled as follows:
Change in net position - budgetary basis
Less: annual contribution treated as an interfund

transfer on the basic financial statements
1,193,864
(2,354,500)
Change in net assets per Consolidating Schedule of

Statement of Revenues, Expenses and Changes in
Net Position

- 45 -
(1,160,636)

Certification Fund Schedule of Budgeted and Actual Revenues and Expenses

Operating revenues
Member Fees
Sales
Actual
Budget
$ 1,347,774
1,347,774
$ 1,382,824
4,950
1,387,774
957,151
55,449
44,534
171,193
75,640
1,303,967
1,007,595
43,500
61,251
192,157
154,614
1,459,117
Operating expenses
Contract services
Travel
Variance
Favorable
(Unfavorable)
$
(35,050)
(4,950)
(40,000)
50,444
(11,949)
16,717
20,964
78,974
155,150
43,807
(71,343)
115,150
Investment earnings (loss)
Total non-operating revenues
78,689
78,689
20,000
20,000
58,689
58,689
Change in net assets per Consolidating Schedule of

Statement of Revenues, Expenses and Changes in
Net Position
122,496

- 46 -
(51,343) $
173,839

Sections Fund Schedule of Budgeted and Actual Revenues and Expenses
Actual
Budgeted
Variance
Favorable
(Unfavorable)
Revenues - budgetary basis

Administrative law
Alternative dispute resolution
Appellate practice and advocacy
Business law
City, county, and local government
Council of sections
Criminal law
Elder law
Entertainment, arts and sports law
Environmental and land use law
Family law
General practice
Government lawyers
Health law
International law
Labor and employment law
Out-of-state practice
Public interest law
Real property, probate and trust law
Tax law
Trial lawyers
Workers' compensation
Total revenues - budgetary basis
58,208 $
42,694
184,870
688,113
97,948
6,852
144,606
124,400
34,406
78,477
825,455
154,999
31,622
85,992
157,859
127,164
31,779
15,717
1,727,759
317,682
531,494
125,869
43,286 $
36,733
118,456
573,791
92,391
7,025
128,522
107,052
44,410
99,568
692,395
127,454
30,957
78,250
163,733
111,322
35,130
15,555
1,219,675
313,065
510,206
101,642
14,922
5,961
66,414
114,322
5,557
(173)
16,084
17,348
(10,004)
(21,091)
133,060
27,545
665
7,742
(5,874)
15,842
(3,351)
162
508,084
4,617
21,288
24,227
5,593,965
4,650,618
943,347

- 47 -

Sections Fund Schedule of Budgeted and Actual Revenues and Expenses
(Continued)
Actual
Budgeted
Variance
Favorable
(Unfavorable)
Operating expenses - budgetary basis

Administrative law
Alternative dispute resolution
Appellate practice and advocacy
Business law
City, county, and local government
Council of sections
Criminal law
Elder law
Entertainment, arts and sports law
Environmental and land use law
Family law
General practice
Government lawyers
Health law
International law
Labor and employment law
Out-of-state practice
Public interest law
Real property, probate and trust law
Tax law
Trial lawyers
Workers' compensation
Total expenses - budgetary basis
Change in net assets per the Consolidating Schedule of

Statement of Revenues, Expenses and Changes in Net
Position
$
49,796
19,275
90,905
742,370
104,026
2,744
105,080
107,622
30,700
105,747
626,843
187,930
52,247
53,980
127,095
154,274
41,703
12,952
1,541,060
289,196
553,175
106,918
55,047
26,855
94,652
654,695
108,067
3,380
136,906
98,374
44,911
132,757
689,727
166,896
45,051
67,916
159,089
173,194
44,298
12,419
1,401,570
300,965
639,567
102,772
5,251
7,580
3,747
(87,675)
4,041
636
31,826
(9,248)
14,211
27,010
62,884
(21,034)
(7,196)
13,936
31,994
18,920
2,595
(533)
(139,490)
11,769
86,392
(4,146)
5,105,638
5,159,108
53,470
488,327

- 48 -
(508,490) $
996,817
Other Reports
INDEPENDENT AUDITORS REPORT ON INTERNAL CONTROL OVER FINANCIAL

REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF
FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT
AUDITING STANDARDS
Board of Governors
The Florida Bar
Tallahassee, Florida
We have audited, in accordance with the auditing standards generally accepted in the United
States of America and the standards applicable to financial audits contained in Government
Auditing Standards issued by the Comptroller General of the United States, the financial
statements of the business-type activities of The Florida Bar and Subsidiaries, as of and for
the year ended June 30, 2014 and 2013, and the related notes to the financial statements,
which collectively comprise The Florida Bar and Subsidiaries basic financial statements, and
have issued our report thereon dated December 12, 2014.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered The Florida
Bar and Subsidiaries internal control over financial reporting (internal control) to determine
the audit procedures that are appropriate in the circumstances for the purpose of expressing
our opinions on the financial statements, but not for the purpose of expressing an opinion on
the effectiveness of The Florida Bar and Subsidiaries internal control. Accordingly, we do not
express an opinion on the effectiveness of The Florida Bar and Subsidiaries internal control.
A deficiency in internal control exists when the design or operation of a control does not
allow management or employees, in the normal course of performing their assigned
functions, to prevent, or detect and correct, misstatements on a timely basis. A material
weakness is a deficiency, or a combination of deficiencies, in internal control, such that there
is a reasonable possibility that a material misstatement of the entitys financial statements
will not be prevented, or detected and corrected on a timely basis. A significant deficiency is
a deficiency, or a combination of deficiencies, in internal control that is less severe than a
material weakness, yet important enough to merit attention by those charged with
governance.
Our consideration of internal control was for the limited purpose described in the first
paragraph of this section and was not designed to identify all deficiencies in internal control
that might be material weaknesses or, significant deficiencies. Given these limitations, during
our audit we did not identify any deficiencies in internal control that we consider to be
material weaknesses. However, material weaknesses may exist that have not been
identified.
- 49 -
Board of Governors
The Florida Bar
Compliance and Other Matters

As part of obtaining reasonable assurance about whether The Florida Bar and Subsidiaries
financial statements are free from material misstatement, we performed tests of its compliance
with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance
with which could have a direct and material effect on the determination of financial statement
amounts. However, providing an opinion on compliance with those provisions was not an
objective of our audit, and accordingly, we do not express such an opinion. The results of our
tests disclosed no instances of noncompliance or other matters that are required to be reported
under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and
compliance and the results of that testing, and not to provide an opinion on the effectiveness of
the entitys internal control or on compliance. This report is an integral part of an audit
performed in accordance with Government Auditing Standards in considering the entitys
internal control and compliance. Accordingly, this communication is not suitable for any other
purpose.
December 12, 2014
- 50 -

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The Florida Bar and Subsidiaries

Financial Statements and

The Florida Bar and Subsidiaries

Managements Discussion and Analysis

Consolidated Statements of Revenues, Expenses, and Changes in Net Position

Consolidated Statements of Cash Flows

Notes to Consolidated Financial Statements

Consolidating Statement of Cash Flows for the year ended

General Fund Schedule of Budgeted and Actual Revenues and Expenses

General Fund Reconciliation of Revenues and Expenses on a Budgetary Basis to

Clients Security Fund Schedule of Budgeted and Actual Revenues and

Certification Fund Schedule of Budgeted and Actual Revenues and Expenses

Independent Auditors Report

December 12, 2014

Managements Discussion and Analysis

The Florida Bar and Subsidiaries

The Florida Bar and Subsidiaries

See the Independent Auditors Report.

The Florida Bar and Subsidiaries

See the Independent Auditors Report.

The Florida Bar and Subsidiaries

See the Independent Auditors Report.

The Florida Bar and Subsidiaries

See the Independent Auditors Report.

The Florida Bar and Subsidiaries

See accompanying notes to the consolidated financial statements.

The Florida Bar and Subsidiaries

Years ended June 30,

Non-operating revenues (expenses)

Change in net position

Total net position, beginning of year

Total net position, end of year

See accompanying notes to the consolidated financial statements.

The Florida Bar and Subsidiaries

Years ended June 30,

See accompanying notes to the consolidated financial statements.

The Florida Bar and Subsidiaries

Years ended June 30,

Reconciliation of operating income to net cash

See accompanying notes to the consolidated financial statements.

The Florida Bar and Subsidiaries

NOTE 1 NATURE OF BUSINESS

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The Florida Bar and Subsidiaries

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

The Florida Bar and Subsidiaries

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

The Florida Bar and Subsidiaries

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

The Florida Bar and Subsidiaries

NOTE 4 INVESTMENTS (CONTINUED)

U.S. Large Cap Equity

Standard & Poor's 500 Index

U.S. Mid Cap Equity

Russell Mid Cap Index

U.S. Small Cap Equity

Russell 2000 Index

Int'l Small/Mid Cap Equity

MSCI EAFE Small Cap Index or MSCI EAFE

Dow Jones UBS Commodity Index

U.S. High Yield Fixed

Barclay's Capital U.S. Corporate High Yield Index

HFRI Conservative Index or Hedge Fund of Funds

60% MSCI ACWI/40% Barclays Capital Global